Staking of Hive Engine tokens is a good investment (I have staked all my tokens today)
I have achieved a huge number of Steam Engine (SE) and Hive Engine (HE) wallet. You know, SE is steem based token exchange market and HE is hive based token exchange market. Although both Engine support both of the tokes, but each one is specialized for each. I don't know about all the tokens I have received in the form of reward in my blogging. I know about some tokens like PAL, LEO, AFIT, AFITX, CAPTCHA, SNAX, APX etc. because I did some work on those tribes, that's why I have achieved these tokens. Most of the other tokens are unknown to me and I don’t know why I have got those tokens. I just received these all tokens automatically in my wallet and most of those are the result of steem working. Now I am getting tokens for working with #hive as well. After the final hard fork, it’s now Hive Engine (HE). My tokens has been divided into two engines. That means some of my tokens has been shifted from Steam Engine to Hive Engine automatically. I can check my tokens in steam engine and the rest in Hive engine.
As those tokens has value in the market. I can easily exchange these tokens from one to another through hive in HE or steem in SE. So, I am trying to hold these tokens so that the price can be increased. Investment is a good way to earn some passive income in the form of token. So, I decided to invest all those tokens into this Hive Engine and Steem Engine market. That's why today I have staken all the tokens I have in the wallet. And I have plan to stake the rest of the tokens I shall get in the form of reward on my activities in hive.
The main benefits of staking are holding tokens can ensure the positive gain if the price changes positively. When I stake tokens (Power Up), then I shall get same amount of token for the staking because staking is an investment which can do a lot for the positive price change. Thus, it is the way to hold the token. On the other hand, I can get some benefits from staking which is several percentages of APR depending on different tokens. And Finally, in some tribe, I can get some voting influence (Power) to cast vote on that tribe posts for staking tokens of that tribe. For example, if I stake LEO or NEOXAG, then I shall get more voting power for that tribe, and ultimately, I shall gain more tokens of that tribe. And sometimes I may get some extra reward in the form of transfer or upvote from the main account or admin of that tribe. So, is not this investment wise? Comment your opinion.
Who I am:
I am lecturer of Textile Engineering in Bangladesh. I love to share my thoughts and ideas to my friends and community. I want to express my ideas and learnings to this community so that anyone can be benefited from me. I blog in YouTube, DTube and Hive on Textile, Online Money making and Random topics. I love to capture Natural Photography. I am always a learner and wants to go to the moon with this great community.
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