How to help Hive and Leo Grow - Stake more, cash out less
Greetings to my esteemed Lions on the LeoFinance ecosystem and the entire hive blockchain. It's another day and a time to share with us happenings around the hive blockchain and LeoFinance ecosystem as well as how Hivers can help the entire blockchain to grow to that $value we expect it to be. It's your friend @faquan, saying hello from this part of the world.
The growth of the LeoFinance ecosystem and the entire hive blockchain solely depends on our mindset and understanding of how the Hive blockchain generates it's revenues and rewards that are distributed to content creators.
The reason why I said it depends on our mindset is because the way we see the platform is what it is to us.
Many people on the hive blockchain have the mindsets that the main reason why they're on the blockchain is just to cash out since no one owns the rewards they generate from their contents. The truth still remains that no one helped you generate the rewards and no one owns the tokens in your wallet, but the fact still remains that it's people's accumulated tokens that are used to vote that content that's now your pride.
The cash out mentally is one of the easiest way to crash the blockchain without knowing. Just look at the point below and understand what these cash out mindsets does to the hive blockchain.
That's honestly a exit point of capital for Hive and other assets with that mentality. It's the main mentality that has been going around for a while on Hive but here's the thing. At the moment Hive only generate revenue through speculative investing. It does not come from ad revenue, sales or any other traditional business means which to be honest I find a bit disappointing.Source
If truly hive blockchain and other crypto outlets depends on speculative investments to generate revenues for their Blockchains, then, we all need to look inwards to solve the challenges facing the hive blockchain and other crypto outlets.
One of the ways to save the blockchain from this vicious cycle is staking some percentages of our rewards on #hive, #leo and other Hive-Engine tokens in order to make the system more sustainable and beneficial in the years ahead.
Remember that no one is forcing you to stake all you have on your wallet in order to make the system more sustainable, but everyone on the blockchain has a role to play in order to keep the blockchain going.
For instance, the LeoFinance ecosystem has been doing more of developmental projects during this bear market and increasing it's ad revenues both in Web 2 platforms and also in the just launched LeoThreads.
I don't know if LeoThreads have started earnings ad revenues, but I think that in the nearest future as the monthly active users increases, it'll earn some significant revenues for the ecosystem.
In terms of staking on the hive blockchain, most especially the Hive-Engine tokens, one must be very careful in order not to lose the $values of one's capital or buy the dip.
You can conveniently stake Hive and Leo as well as consider wrapping your pHBD, pHive, pSPS, bHBD and bHive on the polygon and Binance networks and in addition lock your xPolyCub into vexPolyCub for a 2 year period and receive super amazing APRs and APYs for your investments.
I'll conclude by saying that one of the ways to help the hive blockchain grow effectively is by staking $hive and $Leo and now is the right time to do that, because the current payout system favors $hive, which can be stake to increase your influence on the blockchain.
Posted Using LeoFinance Beta
Nice points right there. Staking the tokens we have is also a good way for everyone to grow their own account and earn some juicy Curation reward. Hehe.
Thank you for these points you added, I actually forgot about the personal benefits of staking, I was just interested in growing the ecosystem first. Thanks once again.
Posted Using LeoFinance Beta
It's cool. Hehe. Staking is quite Important for many reasons especially during a time like this