Dividend paying Tokens on Hive- A Great way to earn Passive Income

I always like to have mutiple ways to generate passive income because this way I can create a bigger second source of income. One income source is not enough and during the covid lockdown period, we have seen that how people got affected financially who were dependent on a single income. Crypto is the best segment to create multiple was of passive income and we just need to spend time to explore some options. This platform has given a bunch of options that we can explore to create passive income.

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A few popular ways to create passive income are-

• Curation
• Delegation
• Staking

These are just some popular ways but there is one more segment that is surely worth exploring and its token that pays a dividend. It sounds great that we can earn dividends through some tokens and trust me that this will definitely make you happy if you choose the right coins. If you are already part of it then you know but if in case you are new then it will help you understand how can you earn passive income by just holding/staking tokens. I know a few tokens on the chain and below are three names. There may be many more but I am currently working to accumulate these tokens why and in this post I am sharing my experience.

• INDEX token
• UTOPIS Token
• BRO token

All these tokens are paying dividends in form of other tokens and out of all this I have major holding is in INDEX. In fact, this is the first-ever dividend paying token that I purchased and its price was much lower when I purchased but nowadays its price has gone up significantly. It could be because more people have realized the benefits of this token which has increased the demand. I am happy that I was able to bag more than 1500 tokens at a much lower price and now I am in profit and even the kind of returns I am getting is making the holding even more profitable. Its price is increasing slowly as we can see in the chart.

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Utopis is another token which I started slightly late and I got to know about this town through one of my friends. This token pays a weekly dividend in form of HIVE but recently they have started paying additional for staking the tokens. There was no option to stake earlier but now we have this and if we stake then it pays a staking reward as well. In fact, they also started paying some other tribe tokens recently and I think this will continue to make the holding more profitable. I added 50 more tokens a few weeks back and now I hold 100 utopis. I also planning to buy some more if I see better pricing opportunities. Though I started late but I think that its still the right time to enter and I can see good growth in the project.

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BRO is another coin that I started accumulating just a couple of weeks back. This token is quite expensive and to get this token I have delegated some tribe tokens like Neoxian, Stem, and Leo and for this, I am getting Bro token daily. This has been working for quite some time and I have seen its price growing but earlier I was not aware of its use-case and benefit. Since I started too late with this but I am quite confident that in the next few months I would be able to have a decent holding.

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This concept itself is great when we just need to buy the token and HODL. Just holding we can earn various tokens as part of dividend earning and its so good. Technically there is nothing we need to do and in my opinion its surely worth buying more tokens but again this is not financial advice. I will share about the reward by these tokens in another post.

Thank you so much

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