A Prize Linked Savings Account on Hive is the No Loss Lottery.

• The No Loss Lottery can be used as a savings account, to hold your hodled Leo, which awards weekly or biweekly prizes.

Bear Market Hodling

• Many cryptocurrency investors hodl during bear markets, accumulating their favorite cryptocurrencies.
• The problem with just holding cryptocurrency in your wallet is low or no earning.
• For the sophisticated investor you can Hodl in a Defi LP pool to earn money while you hodl, but not everyone can use defi pools.
• But there is an alternative to hodling in your wallet with no earnings, you can hodl in a Prize Linked Savings Account.

Prize Linked savings Account

• A Prize Linked savings Account or PLSA provides weekly prizes via a raffle style lottery.
• Deposited funds in this savings account are assigned ticket numbers and these numbers are drawn at random for money prizes.
• So you can save your Leo in this account and win prizes.

No Loss Lottery

• On Hive such a savings account exists and it is the No Loss Lottery, which you n may have seen trending on Leo Threads as #nolosslottery
• You can open a savings account by sending Leo to @nolosslottery via wallet transfer with #nolosslottery in the memo.
• You can read more about the No Loss Lottery here.

@shortsegments

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