Make Passive income from Tribe Tokens
I doubt there are people (newbies) in hive who don't know what tribe tokens are and they're earning it using tags in their posts or posting in specific community and some don't know what to do with them.
Tribe tokens remain in their cold wallet and in this topic I'll share an easy way how you can make passive income staking tribe tokens.
Let your tribe tokens work for you instead of letting them sit in the wallet doing nothing.
and also using different tags is another way of earning some extra tribe tokens in hive.
Passive income from tribe tokens
Passive income sounds very Good and there's many way to do so such as Renting your Game NFT to someone else, through farms on Dex (if exist) by providing liquidity and also by staking simply. thing's work for you and earn you some money.
We are talking about tribe tokens so the safest option i know to make passive income is "Stake" them and leave.
You might know how to stake but lot's of newbies don't know so I'll make things lot easier for them telling different ways to stake tribe tokens.
Stake token in Hive EngineThis is for people on hive who use PeakD Frontend.
by following these simple process shown in screenshot you can stake tribe tokens.
Go to > Wallet and Click on the arrow it will show Hive engine and exchanges or other options but you need to click on "Hive engine".
Hive engine will show your all tokens whether Staked, liquid, value of token etc.
If you want to stake a specific token you can clearly see in screenshot.
Stake All tribe tokens in one click
A tool known as Hive multi staker exist in hive to claim, stake or unstake all hive engine tokens in one click.
Hive multi staker: https://stake.hivelive.me/
All you need to do is "Enter your Name" or to use this tool you'll need hive signer or hive keychain.
Choose what you want from following options:
- Claim rewards
- Stake tokens
- Unstake tokens
i want to stake all tokens in 1 click and it took just a second.
Only Choose "Select all" and "Stake them now"
will redirect to hivesigner or keychain to confirm tranaction and that's it - Your all tokens has been staked in one click. Being a newbie (not so) The terminal is the place where i got to know about this and I'm learning new things everyday.
web version of Ecency supports hive engine token but it's not available on App yet.
Follow this process to stake tokens using ecency:
It's almost same process as PeakD > Engine tokens is avail in wallet.
Click on this lock and put balance to "Stake" its simple - no big deal and other two options beside are for delegating token to other or transferring them.
Claim your rewards - passive incomeReason why i prefer to use ecency is it is so user friendly and make thing lot of easier.