The Hive Wealth Building Opportunity

8d (edited)
LeoFinance
6 Min Read
1239 words

It is amazing how far things have come in the last 5 years. Back in 2017, the ecosystem that we spend so much time on was a shell of what we see today. At that time, it truly was only a blogging platform. There were a few games that were in operation. However, the majority of all rewards generated (and wealth held) can from blogging related activities.

We also have to mention that, during that period, we had only the two base layer coins: HIVE and HBD.

Since then, we saw the introduction of Hive-Engine and layer 2 tokens. This created a massive explosion of opportunities to get rewarded. That said, it still was only a drop in the bucket.

There was a game that was starting to roll out called Steemmonsters. Actually, the game wasn't rolling out, just the cards. People were scooping them up in anticipation of a game being produced.

Of course, over the next few years, it did. We also watched it become one of the most popular blockchain games. To this day, Splinterlands continues to innovate and expand what is being offered to the stakeholders. This is a huge part of Hive's evolution.

All of this makes Hive an epicenter for people to build wealth.

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Splinterlands Keeps Expanding

For those who are deep into Splinterlands, the words just flow. However, for those who are outside looking in, there is a lot of confusion. This is not much of a problem because there are opportunities even for those who are not familiar with each power or couldn't tell you the difference between a Water and Death Splinter.

It is easy to recall things a little over a year ago. Hive was infested with multitudes of Splinterlands' millionaires. Many saw their decks skyrocket to over $1 million. Obviously, the bear market took some of the luster off the pricing, with many dropping back. Nevertheless, this does show the potential.

By most standards, having a net worth of over $1 million is a great achievement. Imagine if that was derived from an online card game.

That is exactly what happened to many people. Naturally, the path is not ended. Since that time, many features were rolled out. New sets of cards were rolled out. We now see Riftwatchers being the big thing. There is still land on the horizon, although that was sold.

Then we have the continued debate of DEC versus SPS. People are often trying to decide which token to accumulate.

One thing that is important to note is that all Splinterland assets are property of the individual. They can be housed in a wallet, even moved outside the game. We see people playing in-game tokens in liquidity pools, other are renting their cards on 3rd party sites, and some simply stake SPS on the main website.

The point being there are a lot of opportunities within this single game. And one major key is that a Hive account is required to enter. Another major characteristic is that none of this has anything to do with blogging although there is a platform for that along with, you guessed it, the SPT token.

The Opportunities Keep Growing

We have an expansive system.

If we step back, like we did earlier, and look at how things were 5 years ago, we see a stark contrast to where things are today. We can presume, with the way development is taking place, we will be able to do the same thing 5 years from now.

The question is what opportunities are we going to pursue?

One of the biggest changes since those early days is the ability to stake our coins or tokens. Again, we have to view things through the way they were. At that time, HIVE was powered up and earned a bit of a return, similar to how it was now. This seems to always be around the 3% range. Of course, this also provides the ability to curate content, also providing a return.

Since that time, the ability to stake and generate a APR has multiplied. People are able to take many different tokens and utilize them in this manner. SPS can be staked in the game for an estimates 35% return. There are diesel pools on Hive-Engine along with some liquidity pools on both Polygon and Binance Smart Chain under Leofinance.

All of this helps people to take their rewards and grow them. We even have the ability to get involved with infrastructure thanks to SpkNetwork. Now, individuals can stake their LARYNX tokens which are being airdropped on different node operators. This allows one to potentially earn some SPEAK tokens.

There is, of course, the option of running your own node if you so desire.

As we can see the options for the different coins and tokens is expansive. What about the Hive Backed Dollar (HBD)? It is only within the last couple years that any return was provided for placing that in savings. Today, it stands at 20%, establishing a baseline for other projects to top. One can choose to stake HBD on-chain for 20% or take on additional risk by staking elsewhere. Naturally, for that added risk, the return has to be enticing.

5 Years To Change Your Life

How would you like to completely change your financial life over the next 5 years?

This is something that Hive is offering. The reason why we know this is true is because of what happened the last 5 years. Hundreds of people (if not thousands) had their financial lives transformed due to this ecosystem. The abovementioned Splinterlands is a prime example of doing that.

We always have to bear in mind the level that people seek is going to differ. Much of this is due to where one is from and the standard of living versus cost. That said, Hive is a place where people can build wealth over the period of 5 years. Those who are consistent with their action along with making intelligent decisions will see their holdings grow. This could come from blogging, buying stake, or simply getting involved with some of the different games.

The great thing is more is under development. In other words, there will be a larger number of opportunities in 2 years as compared to today.

Even swapping into a token like EDS or INDEX can provide a 20%-30% return with a fair bit of stability.

Hive is changing lives.

Cryptocurrency in general is an enormous opportunity. However, for the most part, the system is based upon speculation on price appreciation. Hive has that component but offers something different. Once can get rewarded for his or her actions.

Here is another simple project that puts HIVE in people's wallets each day: POSH.

Each day, someone can tweet out Hive-based content and get rewarded with a bit both HIVE and POSH. It isn't going to make anyone rich but it is a nice way to get a steady flow of into the wallet each day.

This is an example of the dozens, if not hundreds, of ways to get rewarded on Hive.

All of this, over the long-term, can lead to wealth building opportunities.

There are not too many places within cryptocurrency that we see this.


If you found this article informative, please give an upvote and rehive.

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Hive is an opportunity in itself, but also offers so many other opportunities to jump on the ground floor of some promising projects.

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It is. We have the base layer which provides an opportunity along with expanded opportunities on top of it.

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8d (edited)

Every paragraph here is filled with truth, seen it with my own eyes, while the past has been nothing short of amazing, the future is what will make it all seem like little days.

I’m glad to be sharing and building this experience with most on here. Y’all rock!

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Every paragraph is a reminder of how far we have come, such a beautiful reflection and the journey so far have been fun. I mean I recall the day you kicked my ass on Splinterlands, am sure you can't achieve that with now that am a beast in the game.

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Play nice kids.

It is a nice walk down memory lane.

We have come a long way since the last market crash.

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Lol we lose our niceness on the battlefield, I have long been awaiting vengeance on him.

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I understand @joetunex.

Keep that attitude for Hive. We need people with the warrior mindset here.

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Lmao 🤣

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Lmao!!!!!I can’t stop laughing here man, I remember so well, what really amazed me was that out of the thousands of players and bots on Splinterlands, we were matched organically! Naaaaa, I loved to see it. That was one very interesting battle in all my battles on Splinterlands.

You must have mastered your cards more by now, it’ll be nice to have a go with you. But I won’t be taking this challenge now, I have to train😂…how about Sunday, you win you take 10$, all for fun though

Maybe I’ll start challenging Splinterlands players I know on here one by one, delegate the cards i need especially for it.

Infact, thinking about it, wEN Splinterlands Hivers tournament? 🤔……everybody goes to the market to rent the cards they need and battle each other home and away

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Go and train well, I have been waiting for this day to come I know it will come lol.
Sunday is perfect with me, hit me up on WhatsApp and we take it to the battlefield. 3 battles to determine the winner.

We can come up with Splinterlands Hivers tournament lol, will be fun. Some HBD or HIVE to participate will be fun. Or we find support the winner with upvotes, knowing my HIVE,HBD tokens are for investment purposes lol.

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Builders are going to do well. Keep filling the bags.

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I consider Hive an opportunity. At a minimum, it is a springboard to many other opportunities.

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I'm going to be honest I'm hoping it's not 5 years I'm getting older now lol. But I love this article and how there's a clear path of people understanding now is the time to stack. When the stock market, fed rates, war and all that other crazy finally gets over in a few years these assets are going to be massive and the most important thing you OWN them. I also have a feeling we will see a lot of pressure on web2 changing to web3 where the people producing the content now own some of that platform and that's a very powerful thing.

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It will be interesting to see how the morphing from Web 2.0 to Web3 takes place. Will it be a slow process or will it happen like a tsunami?

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It does look good when the numbers show that the people who started earlier their journey now taste a different and sublime way of expressing and enlarging their own network of community and connectivity. It was a great journey looking at the time of launch of the system.

Those people who at the time of the system's infancy had a courage to select their investment to be spent at a board where risks roll over gains everyday, still the results of their winning in the end of the course makes a good impression.

👍

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Those who enter now have the same opportunities, just with different projects.

The key as always is to consistently build.

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I think that those who have been on HIVE for 6 years must have a good wealth now. That shows how our blockchain is wonderful.

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Come to think of it I've slaved my entire working life being faithful to rat race with nothing to show for it.
Hive in five years has given me hope.

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Isnt that the truth?

A nice way to frame the discussion.

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Sad truth when Iook back to wasted years and to hopeful future for realizing rat race will get me no where.

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It is an eye-opening experience. This is why cryptocurrency is so vital to the future. We each have to do all we can to ensure this becomes wildly successful.

The 10% has to stand up and lead humanity.

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Well the bear market took some of that away but people are positioned well.

At least those who are still here. There were many who were on Hive 5 years ago who no longer are around. I would say most of them are not well positioned to enjoy the upcoming ride.

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Definitely not too many places within the crypto space to find such opportunities like we do on Hive.

Interestingly these opportunities as they expand are becoming a dilemma for the likes of me always trying to figure out how to put tokens to use to maximize returns.

In another five years it is going to be a different story for us. I celebrated five years on Hive four days ago. My 10th year on Hive is going to be massive success.

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My 10th year on Hive is going to be massive success.

We can only hope. If the building keeps going, the next 60 months will be very interesting. A lot of things that are going to hit.

Amazing to think that the fork took place 30 months ago. Still a lot happened since then.

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A lot to be hopeful for considering the developments around here.

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Yes. All providing opportunities. Are you taking advantage of them.

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Absolutely take advantage of them, some I can't due to funding but I definitely tap into desired projects as much as possible.

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Very good points. There is definitely a lot to like about the Hive Ecosystem. It kind of makes you wonder why it hasn't gotten the mainstream attention that it really deserves. It is the answer to a lot of questions that people have but are looking elsewhere for the answers.

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I would say the shadow banning on Twitter has some impact. Also, people are looking for the easy route. Finally, we had a great deal of "mismarketing" with people promoting the get rich quick idea.

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Very true! The false marketing was pretty bad.

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Yeah. Sadly it came from just a couple people.

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I am here for the opportunity!

I feel that there is enough diversity available to find several avenues of growth through various projects.

I cannot wait to see how this blockchain looks two years from now.

!CTP

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We just keep plugging along. It is fascinating to watch what attracts people.

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You are quite right and in March I would have completed the first 5 years and want to make the next 5 years even more rewarding on all fronts. I think anyone who gives Hive enough time and effort will do well financially.

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Survive a couple bear markets and keep filling the bags and one is in position to do very well.

The next bull market in crypto might be epic. We will see how things look half way through that when it happens.

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Yes this is the plan and to keep on stacking as price we cannot control but we can have a say in the stake we make.

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