My financial Goal and Progress on Hive Blockchain

Hello readers,

In this wild wild world of crypto, there is always something new to explore. Whether you are into blogging, gaming, hunting airdrops or just love engaging with different communities, you can always find a second home for yourself, especially in platforms like Hive, which offer a unique opportunity to combine all these passions with building financial wealth. So in today’s post, I would like to talk about my personal financial goals on Hive with you all, as it is one of a kind blockchain in this crypto world that has made my crypto journey both fun and profitable.

Discovering Hive

If you are reading this blog, then most probably you are already well aware of Hive, but for those who have not already heard about it or just joined recently, let me give you all a quick heads up. Hive is an amazing blockchain platform where you can do a variety of things - write blogs, play games and even invest in many different kinds of layer-2 tokens representing different projects or communities. What makes Hive special and different than most other blockchains is its vibrant community and the ability to earn crypto for free while interacting with others on this chain through different front ends. Unlike most other platforms in this crypto realm that offer little or no actual value, Hive is a place where your contributions are rewarded with actual crypto tokens like Hive (the platform’s native token), HBD (Hive Backed Dollars, stablecoin) and other Layer-2 tokens related to specific projects.

Getting started on Hive is super easy because you can easily sign up for free using onboarding services like Inleo, which lets you open a Hive account for absolutely free, instantly via connecting with your Twitter or Gmail accounts. Once you are in, you can start earning by sharing your ideas or engaging with others in the form of blog posts or threads or even comments, all while building up your wealth over time.

My Journey on Hive

For the past few years, I have been an active user on Hive, and over time, I have learned the value of setting clear financial goals. Initially, I used to explore different projects and games, mostly Splinterlands, but my focus has shifted towards long-term wealth building. Now, my main financial goals revolve around three areas - Hive Power (HP), HBD Savings and Leo Power (LP).

Hive Power (HP)

Hive Power is crucial to me because not only it pay me back via curation rewards, but also increases my influence within the community. When you hold HP, you can vote on posts, comments and threads, earning curation rewards in return in the form of staked Hive. When you have some Hive power and you vote on others’ posts, threads or comments, 50% of the value of your vote comes back to you as more HP, creating a snowball effect where, as you continue to vote, the more you earn over time.

Currently, my goal is to reach 15,000 Hive Power and I am going there slowly but gradually. As of today, I have accumulated 13,637 HP, gaining around 238 HP since last week. Once I reach my goal, I plan to delegate some of my Hive Power to projects I believe in, earning even more tokens while supporting the Hive ecosystem.

HBD Savings

Next on my list is HBD Savings. HBD is a stablecoin on the Hive chain and offers a 15% annual interest rate for locking HBD in a savings account, which takes only 3 days to get unlocked. This is a great way to earn passive income without taking on a lot of risk. Even though the interest rate was recently reduced from 20% to 15%, I personally think that it still provides a reliable stream of income.

At the moment, I have 1,329 HBD in savings, which has grown by 35 HBD in the last 7 days. I have also earned 12.106 HBD as interest over the past 23 days for my staked HBD amount, which will get added to my staked HBD balance after hitting 30 days period. My plan is to continue building this balance as a safety net, ensuring that I have a stable income no matter what happens in the volatile crypto market.

Leo Power (LP)

Last but not least, Leo Power is another essential part of my crypto strategy. Leo is the native token of the Inleo project and community. Just like Hive Power, it grows as you interact with the platform. I love the energy of the Leo community and how much opportunity there is for growth.

Right now, I have earned and staked a total of 11,300 Leo Power, and I am aiming to hit 11,500 soon. Since my last Leo power Up, I have earned total 147 Leo and I am excited about the upcoming Leo Power Up Day (LPUD), where I will stake all these earned Leo to increase my rewards. To grow my Leo earnings even further, I will try to be more active on Inleo’s threads, where I can earn both Hive and Leo tokens.

Why These Goals Matter

From my experience, I have learned that it is easy to get lost in the world of crypto, especially when there are so many options to choose from. I have learned through trial and error that building stable wealth is far better than chasing risky, uncertain projects. Focusing on Hive Power, HBD Savings and Leo Power has given me a clear path to long-term financial security. Also, by tracking my progress and sticking to my goals, I have been able to grow my assets steadily over time. I believe the key to success is consistency and that anyone can achieve similar results by simply setting clear goals and staying committed to them.

I hope you liked reading about my thoughts and progress on this chain. Do you also believe in Hive and building wealth on this chain while having a good time? Let me know in the comment section below and I will be seeing you all in my next post.

Posted Using InLeo Alpha