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HivEconomics for Beginners | Let Your Hive Work for You

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idiosyncratic1
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Starting as a social platform, Hive evolved into something different; something better. Now, People use it for gaming, video sharing, posting, tokenizing, learning, and absolutely for earning.

Hive accounts for lots of services through which Hivers can acquire "assets". These assets can be Hive based tokens, NFTs, or Hive/Hive Power.

In this post, I'll be dealing with the aspect of Hive to earn Hive. In Hive ecosystem, your Hive assets work for you.

How is it possible?

  • Curation Rewards + Curation Trails
  • Delegations / Leasing
  • Hive Staking Rewards

There are several ways to work your Hive for you. However, I will explain one of the ways that I find effective and nearly effortless. Let's handle each of the items in the list.

1. Curation Rewards

Curation Rewards are paid to you after 7 days as a consequence of your contribution to a Hiver's post.
Let's examine my curation statistics by using HiveStats.io by @leofinance

Current Curation Annual Percentage Rate : If you keep voting in this way, you will get %x Hive through your curation. Not too bad but I have other ways to increase my APR. For example, there are curation trails to support minnows or certain communities.

And here is the example from my account. For 30 days, I get ~ 2.7 Hive.

Even though my Curation APR was higher than %10, I could not upvote high-quality content at an early time and my APR has decreased.

What have I done when the Curation APR decreased? I started following a curation trail. When you log in Hive.vote, there are several curation trails that you can follow. Curation trails enable people to combine their power to upvote high-quality posts. Thanks to this trail, both content creators and the curators are paid better.

I'm following the curation trail of the HODL community. However, you can follow @appreciator, @ocd, @curie, @cryptoctopus, and many others.

*Personal experience: As the voting power keeps increasing, it's better both to follow a curation trail and to upvote manually so that you can use your voting power effectively.

2. Delegations / Leasing

In addition to the effective use of curation, delegating your hive power is also highly profitable. Several projects or accounts are sharing their curation rewards with the delegators according to the overall percentage.

*Personal experience: I delegate to @tipu to get both liquid Hive and HBd. Besides, I delegate to @steembasicincome to get SBI units. SBI units work for you like Hive Power. When you have an adequate amount to get an upvote, your post is upvoted by SBI accounts.

*One more note for delegation: You can delegate to a Hive based game or app to get their tokens. For example to get Bread for the game Holy Bread by or to get AFIT token from @actifit

So you should decide on that do you want your Hive to get you more Hive or Hive based token? If you are in Hive ecosystem, there are always more options ๐Ÿ˜Œ

3. Hive Staking Rewards

Hive Staking Rewards are paid to everyone who holds Hive Power in their accounts. Currently, it's 3.35%. To get this percentage, you do NOTHING at all. To be honest, it does not satisfy me considering the amounts coming from delegations and curation reward ๐Ÿ˜Ž

As it's stated by @dalz, with quite a few adjustments, you can earn 15 - 20% in Hive ecosystem. By - Doing - Nothing.

To Recap

Let's compare Hive APR with;

Bitcoin: You are paid %5 at most by Nexo. Ethereum: You are paid %5 at most by Nexo. Tether: You are paid %3 by Compound; %8 / %10 at most by Nexo. Ripple: You are paid %5 at most by Nexo. Bitcoin Cash: You are paid %5 at most by Nexo. EOS: You are paid %3 by Binance; %5 at most by Nexo.

These coins are far away from the APR we get from Hive. One of our rivals is CRO by crypto.com. However, the amount of CRO to be locked to get a high percentage is too much. Moreover, you cannot unstake your assets for months though you are paid interest weekly.

In HivEconomics

โœ“ You are currently paid %3.35 for just hodling. โœ“ You can earn curation rewards by upvoting. โœ“ You can earn curation rewards by following curation trails upvoting new members to get what they deserve to have. โœ“ You can delegate your Hive Power to projects to get Hive or Hive based tokens.

= You can get %15+ APR by just supporting the others, creating high-quality content, and enjoying.

Hive is no more a blogger. It's an ecosystem with its own economic model. Moreover to these benefits, you do not pay for crazy gas fees for any single transaction! Your money is yours. I hope Justin agrees with me ๐Ÿ˜‚

Long story short, you do not need to worry about how to work your Hive for you. With basic adjustments, everything operates perfectly. Then you can play your games, share your posts and videos! I guess freedom is something like that ๐Ÿ˜Œ

Resource

Nexo APR Compound APR CRO APR Pixabay

Thanks for allocating your time to read my post. If you want to add something more, please leave your comment. I'm open to your suggestions. Please enlighten me ๐Ÿ˜Œ

Regards,