My New Hive Engine Rewards Management Strategy
A while ago a made this post sharing my Hive Engine rewards strategy. It's been less than a year but I'm already switching things up!
I've been looking more into how the hive engine works and it's caused me to rethink how I'd like that account to be set up. I have a game plan set up for the HBD rewards we receive from posting and it's pretty nice knowing where those rewards will be going and how it will affect my account long term.
My new gameplan is super similar to the previous gameplan with the key difference BEEing the focus on WORKERBEE mining.
I'm just learning the benefits of mining for BEE tokens using WORKERBEEs and earning bonus rewards for delegation to different mining pools. It's actually pretty amazing, I'll have to do a video on it as I gain more experience.
Now that I'm giving a little more attention to Mining BEE tokens using the Hive Engine, I'm splitting my rewards in 5 ways, which is more similar to what I'm doing with my regular HBD rewards.
I'll Split rewards between:
- Accumulating Swap.BTC
- Accumulating WORKERBEEs
- Investment tokens (INDEX, HEDGE, BRO)
- Tipping Tokens (PIZZA, ENGAGE, BBH)
- Tribal Tokens (CTP, LEO, ARCHON)
I still want to keep from locking up all of my tokens in staking and delegation on the Hive Engine. The more liquid tokens I have to move around the happier I'll be. But I do understand that it's necessary to help grow my account at the same time.
My current thinking is:
Hive Engine Strategy 2.0
My process is super simple...
I swap 30% - 50% of my tribe tokens for hive
Split those hive rewards as follows:
Then I go back and power up all my tribe tokens
And the plan is to do this every single time like a robot.
But that’s how I’m rocking splitting my rewards right now. If you have any thoughts or strategies you’d like to share don’t hesitate to drop them in the comments!
🛑 STOP MISSING OUT! 🛑
https://twitter.com/CoinRunner7/status/1422626947884933122
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WORKERBEE also gives you voting power for the witnesses. You can vote for witnesses on https://tribaldex.com/witnesses. You get the same 30 votes as you do on Hive. I know I appreciate any witness votes, haha. Helps keep the servers running, lol. Nice strategy by the way.
Nice! Still learning all the functionality and stuff around workerbee but that's a pretty important one too.
You've got a vote coming your way!
!BBH
@thelogicaldude !ENGAGE 10
Because this is such an awesome post, here is a BBH Tip for you. . Keep up the fantastic work