I Reached 14,000 Hive Power | Tracking Financial Growth

over 1 year ago

Hello readers,

I hope all of you are enjoying a bright snd fresh day with your family & friends and also having a good time in this wild crypto realm. If you are reading this post then most probably you are a Hive user, so congrats my fellow souls because if you don't know already, Hive price has increased quite well in these past days. For a kong time, Hive was selling 0.16$ price mark but recently it experienced a sharp uptrend in its price taking it to a new recent all time high price of 0.205$ per unit. However, the price didn't stay there as expected and quickly got overtaken with a correction and its price fell down to 0.184$ again. But gladly, from that point it is slowly increasing and right now as I am seeing its price, Hive has come a but from that price point and currently being sold for 0.202$ per unit, so it will almost come near and hopefully cross its recent all time price. Let’s see how long this uptrend continues and if Hive comes another new all time high point soon.

Now moving on, let me now come to my main topic as today, I will be taking a look and sharing my earnings and savings on Hive chain. Now I talk about my financials and what l have done or progressed on my financial goals that I have set for myself every week and with this practice, I also track my weekly earnings and move accordingly. As for my goals, I have set mainly 3 goals for myself which is to increase my Hive Power (HP), HBD (Hive Backed Dollar) and Leo power over time as I consider all these 3 assets or tokens on crypto very valuable worth holding for long term. So if you are interested, without any further ado, let’s take a jump right in and talk some Finance.

HIVE POWER

The first asset that I am going to talk about here is of course Hive Power and I believe that it you are an user and love what Hive chain is doing, then all of you should start building Hive power. Not only by staking Hive into your wallet you cam earn crypto by simply voting other’s posts, but it also increases your influence in the chain and more weighted votes on DHF proposals to help projects on Hive, hence shape it’s future. The most appealing fact about she Hive chain is that this is one ground breaking crypto based web3 social media platform where you can earn crypto for free based in your contribution through blog posts and votes, comments etc.

I believe in Hive and glad for the opportunity to be a Blog writer on this amazing platform. The Hive token is the layer 1 token and the only native token of this chain. Anyone is welcome to join Hive blockchain and start using this social media platform for free and start earning money in form of crypto as well. For me, I have been an active user of this platform for several years now. I mainly interact with this chain to read and write both long form blogs and short form threads using platforms like Inleo or others built as front ends on the Hive chain. For my contribution to the platform, I earn a decent amount of money in form of Hive power, HBD and layer-2 tokens. I have been building my Hive stake continuously without performing any power down for a long time now and I am very excited to announce that I have passed staking a total of 14,000 Hive Power in my account. In my last financial post, I updated that I have a total of 13,860.128 Hive Power and when U checked today, I was really Glad to see that I have total 14,140.882 Hive Power in my wallet. Now with this amazing HP milestone that I have just crossed, I am one step closer to my current Goal of Staking total 15k HP. Let’s now see how much time it takes from here to teach my goal.

HBD

The next asset that I am Going to mention and talk about here is of course HBD aka Hive backed Dollars. For those who don’t know, it is the Layer-1 stablecoin of Hive blockchain who’s value is soft pegged with USD price. HBD has earned our trust by serving as the official Stablecoin of Hive and as I am using this coin for a long time and witnessed how stable it is in long Term. Now if anyone choose to invest in HBD savings, he will warn a flat 15% interest yearly on his locked HBD amount, paid out monthly in form of HBD. So if you want to earn some decent interest on your crypto without taking any risk, HBD savings may be a good option for you. Now for me, I also try to keep a decent balance in my HBD wallet which I treat as my digital wallet and use to save mostly my author HBD rewards in it. Last week when I checked, I had 1,113.676 HBD in my account and Right now as I just checked, I am having a total of 1,169.958 HBD in my account. As you can see, it is growing at a slow but steady rate and also, I recently converted some of my HBD rewards to Liquid Hive or the balance would have been a little bit more. I have also earned 3 HBD in the past 7 days and the total interest amount that I earn gets added back into the locked HBD balance upon claiming. With HBD, I see a big goal of having 3000 HBD in my wallet one day but it will take a lot of time to reaching there and of course if everything foes well.

LEO Power

Last but not least, let me now talk about Leo power as it is the third top asset in my portfolio that I focus to build. I have been an active member of the Inleo community and platform for a long time and has seen how hey grew from a mere niche community in Hive chain to a full fledged social media platform containing thousands of active users. Leo is the inly token of this project snd this coin is trade-able on Hive-chain and on Leo dex for cross chain swaps, another great product of Inleo. Anyway, Leo is she only token and this token can be staked and then vote other Inleo published posts to earn Leo tokens as curation rewards. In the last LPUD event which happened on 15th of this month, I powered up 206+ Leo in my account and uncreased my total Leo staked amount to 11,506. I want to make a total stake of 15k with Leo tokens snd though it will take along time, I am going there slowly but gradually. So, Let’s see when I can reach my goal while keep accumulating Leo token rewards.