A Self Repaying Loan Could Really Help Me Right Now

I’m really grateful for crypto and that is why I always utilize every opportunity of it. Crypto diversification is so great that it creates opportunities for everyone but the only problem is how to be everywhere at the same time. Currently I am losing track of time because I want to do everything at the same time, gets the brain worked up a lot. I have seen a lot of opportunities in crypto that requires money, but the only issue is time and less funds.

About 7 months ago, I have been utilizing a move to earn platform that is very lucrative and I have been making about 20% of my investment monthly. It’s a play to earn, move to earn and NFT token mining platform. So when you walk with this move to earn, you can accumulate gems, these gems are not tradable but can be used to participate in lucky draws, your number of steps can also increase your chances of winning when you play the game. If you win in the game, you earn the native token. But you need to buy NFTs to play the game and earn these tokens and you need to buy some accessories to help increase your chances of winning a game play because that is the only means to earn the native token.

The tokenomics of this project is great and the project has utilities that makes sure people keep investing on the project. For a long time the price has been sustainable, so I decided to increase my investment. But I have less liquid funds, but lots of crypto investments, but I don’t want to touch my crypto investments, then the idea of a self repayment sounds like a great idea. Self repayment loan is a platform that lets you take loan from it, but you have to deposit a collateral, this collateral can also serve as an investment that generates interest for you. This interest generated by your collateral will be used to repay your loan. This is what I need right now, I have over $3,000 worth of investment on Hive, but I need about $470 to invest this platform. Just so I can increase my source of income, if I had an access to a self repayment loan, my Hive investment would help me repay it.

But then, I had to look for a way to leverage my Hive investment as another way of creating a self repayment loan. The HBD savings came to my rescue, I had a goal of not spending my HBD savings and not powering down my Hive power. I needed a way to invest in this platform without touching my Hive investment. The best solution was to withdraw some HBD, because it’s a StableCoin, no matter how many months it takes me to repay it back, 1 HBD will always try to be the same value with a $1.

My HBD savings was a saving for something I needed to pay for in the month of May, but then, when taking a risk, you have to have a back up, just incase. So my back up was to power down the equivalent of the HBD in Hive from my Hive power. This way, if anything goes wrong I can just sell my powered down Hive to pay for whatever I want to pay for in May. This platform is expected to make 20% every month, that means that I need about 5 months to pay back my loan, so the move to earn is my repayment plan while the powered down Hive is my collateral.

But with the self repayment loan, I don’t have to go through this stress, all I needed was to take a $470 loan from the platform , and have the interest generated from my Hive power pay it back, while I earn from the move to earn project.

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