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Many of us think that the only opportunity to Earn on Hive is by making quality posts, and that's all.
Well.... Certainly, you can earn from that your Quality and amazing content/post. But, Naaaa! That's not all there is on Hive.
You've only scratched the surface and you're satisfied with the crumbs when you can easily dig out the diamond. - Ksam
A dig dive into the Hive Ecosystem or Hive Blockchain will reveal so many possible ways you can earn, which we can call our
When you make this dive, you'll discover that the ten (10) ways I'll mention in this post are just the basic ways that Newbies can also get involved with.
In the video above, I discussed these 10 ways to Earn on Hive extensively and I gave relevant/practical examples. However, this post will offer the summary of what I discussed in the video above (with additional points).
The Ten ways I mentioned are:
Hive supports and encourages authors as it hosts a platform where authors can earn from their ORIGINAL and PLAGIARISM-FREE CONTENTS.
However, aside creating contents and just "dumping them", do well to engage your audience and other authors; put differently, respond to people's comments on your posts and drop amazing comments on their posts.
While making quality comment helps you build relationships or bond with other authors, it can also fetch you few bucks, which if you accumulate can be "something hoooge" (huge) 😉
This is also a great way of earning, where you can earn Hive, HBD or Tribal Tokens.
Many communities host Contests daily, weekly, monthly and quarterly, among others. So, as a member of a community, try to be updated with the Contests and activities of the community. All you need to do is to follow the Rules of the Contest....
The truth is that many people join new communities through these Contests. So don't be afraid to explore other Contests and join other communities where you can actively participate and engage in.
Did you know that when you vote contents you also earn from it?
Wait a second 🤔
When you receive upvotes from people, they aren't dashing you Money, you know right? Instead they earn when they do so, you know this right?
Or don't you? 🥺
If you don't, maybe you can understand it a little with this example:
Let's say we all invested in a business with different amounts: some invested with $5 and above, others with $100 and above, and few individuals with $100,000,000.
In this business, one of the benefits is that there is a share of $500 available daily where all the investors can share and benefit from. However, the rules are:
Okay let me break down this simple story:
The investment is the HP (Hive Power) and your amount of HP determines your voting mana. This voting mana is the share of investment meant for us, however we cannot receive it directly. We must vote others and then we can get at most, 50% of our $ votes.
That's why we need to accumulate more HP so that you can earn more when we vote a Content.
However, to safeguard the Blockchain and make wise voting choices, only quality and original contents are worthy of these votes. Plagiarised contents and their authors get punished by the Hive Watchers 👁 be careful... don't let that eye Visit You 🤫
PS: 😔😔😔 I wish I had more HP to curate quality contents and support zealous and hardworking Newbies 😔😔😔
Tribal Tokens are second layer Tokens or Community Tokens built on Hive Blockchain. I'll encourage you to visit @samostically post on Tribal Tokens and the Use of tags to understand this better.
These tokens are used as rewards in communities. This usually goes alongside with use of tags. The right content with the appropriate use of tags can fetch you some Tokens (aside Hive Votes). These tokens can be traded at the Hive Engine.
Some of these tokens can be staked or powered up and when you power them up, you can earn curation reward.
For example, if you have a staked $LEO and you vote a post that has a #Leofinance tag, when you vote the post, automatically you vote with your HP voting Mana and Leo voting mana (together with other Tribe Tokens voting mana, if their tags were used). So which means as you get Hive curation reward, you will also get Leo curation reward (one-up curation reward, etc). The same happens with all staked layer 2 Tokens on Hive.
Power them up and accumulate more 😉
If you want to withdraw, it will take 4 weeks unlike HP that takes 13 weeks.
You can also delegate your Tribe Tokens also, and win tribe Tokens in contests.
(O boy! We just mentioned about 4 different ways in just one way)
The details in these images can be found in your Hive Wallet. So go check it up yourself 😉
By Annual Percentage Rate, we simply mean Interest accrued in a year (however, we receive them monthly).
Hive gives you Percentage interest for Investing or Staking Hive (HP) and for Saving with HBD.
Can you see that?
20% Interest for HBD Savings.
You can utilise them well, you know 😉
This may be a bit technical, but I will try to simplify it so that you can understand better. If you understand it then you can see the endless possibilities in it.
To convert BEE coin to Hive coin, it means that Hive coins should be available in the Pool to give to the person who needs BEE, in exchange for his or her BEE coin.
Hence what you do in Liquidity Pool is that you make your coins available for this transaction/conversion.
You are neither selling nor giving it out, rather you just make it available. And for doing so, you will be given rewards in Hive coins or other Tribe Tokens, depending on the Pair you wish to add Liquidity on.
When you log on to beeswap.dcity.io/convert you will see the available pairs.
To do this, you should have both pairs, even if they are 0.051 Hive and 0.1 BEE. However, your reward will be little.
Like I said earlier, the more HP you have the higher your voting Power. With the voting power you can reward quality posts and earn from the reward as well.
However, if you feel you don't have time to move around to curate quality contents, you can delegate the HP to someone or a project (or a Community's official account) to do this in order to support these authors.
While some delegations may come as an act of charity (where you may not gain from them), there are others where you get your 50% curation rewards in Hive coins. Hence, by supporting your favourite project, you also earn from it.
For instance supporting projects like @ocdb @ecency @curangel @leo.voter and @psyberx among others you earn weekly or daily rewards.
Airdrops (on Hive) are reward we get for Investing in a project on Hive or just owning a Hive account.
Some of these are Tokens given to all Hive holders for the sake of promoting or advertising their tokens, some are Tokens given to holders of Hive based on their staked (HP) and some are given to those who invested in various projects on Hive.
For instance the #Larynx token which many of us claim every month was given to those who created their Hive account prior to when the Snapshot was taken (Last Quarter of 2021). The amount earned also depends on the HP holdings when the Snapshot was taken.
SPS has its own and Leofinance as well (Staking and Farming Cub is also something worth learning).
If you've been following my posts, I've done various tutorials on Blockchain Game. You can begin with this post on Blockchain Games - Newbies Tutorial to have a good foundation and understanding of blockchain games.
However, by way of summary, with blockchain games:
☆ You play a Game for fun;
☆ You Earn Cryptocurrency (in-game currency) in the game;
☆ You Earn NFTs in the game; and
☆ You also Trade in the game (trade your crypto coins and sell NFTs at the Market place).
And remember, these are just the basic knowledge oooo!
There are endless possibilities to earn on Hive.
Have you read these posts by me?
☆ DIARY OF A CONTENT CREATOR ON HIVE
☆ INFLATION: FROM THE LOCAL MAN POINT OF VIEW
☆ Buying, is not the Solution!
I may not be your favourite author, but you can journey with me to help me develop my "penmanship" skills. I am always open to criticism, correction and learning 🥰.
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