How Cub Finance and Leo can Change our lives With Passive Income
In these troubled times, many people have turned into cryptos in order to see some better days. The vast majority got into cryptos for financial freedom, better safety, and because they are not censored.
For those reasons above, especially the money aspect i joined Hive and from there i dived in LEO and bought small portions of other altcoins as well. I achieved all of these by only investing my time and not a single dollar out of my pocket.
Both in Hive and LEO i am quite active and i still want to step up my game manage to accomplish big things. One of my goals was to managed and earn through passive income.
For those that don't know what i mean, you simply earn money even if you are sleeping. You don't have to do something extra, only a couple of things at the beginning and you are ready to go.
The truth is that nowadays there are many crypto opportunities in order to earn a passive income. I will mention some that are part of the Hive and Leo ecosystem.
To begin with there are many projects out there that are paying dividends. All you have to do is make an initial investment and simply start enjoying the benefits right away.
The most known project is BRO from the @brofund that pays the best dividends out there. Then there is the Index token by @jongolson and DHEDGE (@discohedge) and last but not least the LBI token (@lbi-token) which will also pay dividends.
I have a little bit of everything and i am enjoying some sweet rewards. Also, because i bought mostly everything a bit early, if i sold them i would be in profit but i don't intend to do so anytime soon!
There are also other projects that give you dividends and therefore a passive income, i might make a more detailed post one day. Anyway another way that you can earn passively is through delegations.
I for example have delegated around 4k of my Hive Power to LEO and i receive daily rewards for doing so. I receive around 0.5 to 0.7 leo daily.
It's time for some Maths Yeahh!
Let's take both cases the 0.5 one and the 0.7 something that is determined from the price of LEO and Hive and can actually change each day. So in a week, i'll receive without doing a single thing 3.5-4.9 LEO, in a month 15-30 Leo and in a year 184-254.
**Let's translate that to money with leo being 50 cents and 1$
50 Cents Per Leo
*
| 7 | 30 | 364 |
|---|---|---|
| 1.75$-2.45$ | 7.5$-15$ | 92$-127$ |
Now some of you may think that this amount is nothing but i'll say that this amount is a big thing because you don't actually have to do anything to earn it.
Sure i can't do much with 2$ but with an extra 100$ per year, i can some things. I can buy myself some cool clothes, or eat a lot! I can also fly to make European countries as well! I can literally go for coffee each day for a straight month!
**
1$ Per Leo
*
| 7 | 30 | 364 |
|---|---|---|
| 3.5$-4.9$ | 15$-30$ | 184$-254$ |
Now that's an even better scenario which is actually a reality. The screen above is for a couple of minutes ago and generally speaking, after cub Finance came to life leo is close to 80 cents - 1$ every day.
Now with that amount of money, i can drink a coffee each week and say "cheers LEO" and do everything i said above as well. 200$ extra bucks per year are something! In some countries, 200$ are months salary or maybe more!
Cub Finance Passive Income
Now let's move on to Cub Finance, the latest project of LeoFinace which made all of us dive into the DeFi space. I can talk for a long time about the benefits of Cub Finance to the whole Hive and Leo ecosystem but i will stop right there. Btw here is a guide for some noobs like me!
Now let's talk about passive income again. There are currently 7 million dollars locked in Cub Finance, in just 2 days! The price is 6$ but that is not stable i dare to say.
Yesterday it was 14 then it dropped to 7 then went straight to 11 and now is close to 5$-6$. When the airdrop comes i bet it will drop more but after that, the stability will arrive.
Now let's say that in a day someone manages to harvest 1 Cub which is 5$-6$ currently. That means 35$-42$ per week, 150$-180$ per month and 1820 to 2184 per year!! How freaking cool this is?? And i know that many people already earn more than that!
2000$ per year is 3-4 months of a starting salary here in Greece, so that's quite a big deal if you ask me. Now i know that things can change, it can become harder to harvest CUB or that CUB can be worth more or less but hey it's passive income once again!
Total Estimate of My Passive Earnings
Now if things continue exactly like this i will earn 38$-46$ per week, 165$-210$ per month and 2004$ to 2438 per year! but Hey this is the crypto world and it's a world full of surprises!!
Share your thoughts and let me know how the passive income idea works out for You!
My Latest Post
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