BRO is one of the best investments one can make on Hive

Out of all the dividend token projects that emerged on Hive, I personally think that BRO is the best one. The project is very lively and it is also giving a decent cashback to the investors. In this article, I'm going to discuss the best aspects of BRO and why I consider investing in BRO the best. First of all, @raymondspeaks is the mastermind and the project owner. This small ecosystem revolves around Ray. Anyone holding 1000 or more BRO tokens gets a dragon status on the Man Cave discord. There is also a special Dragon's Den on the discord server to interact with other dragons.

Out of all the tokens that emerge on Hive as dividend tokens, many tokens failed and many tokens only give puny rewards. Some dividend tokens just spam the blockchain with micro transactions. That's what I think because giving micro rewards to the token holders is not going to help both the project owner as well as the token holders. I don't really want to name the projects that are doing this but it is a heads up to them to consider this.

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Returns from Dividends

BRO doesn't have a staking facility. All the holders who have at least a minimum of 1 BRO are eligible to get rewards that are shared among the holders proportionally. Two weeks back there was a change in the way the rewards were distributed. Earlier the rewards were distributed in the form of Hive Engine tokens and the model changed. These days the rewards are distributed in the form of Hive. Ray considers Hive is better and more realistic compared to the other Hive Engine tokens that don't give any great value.

Ray has built different income streams both inside Hive Ecosystem and outside the Hive ecosystem and he confirms that he will be able to give at least a minimum of 50$ a day as a dividend. He usually converts the revenue to Hive and sends the dividends in the form of Hive. In the last two weeks, we have been receiving rewards in the form of Hive. I'm glad to share that I coded this distribution bot for him. I guess in the last two weeks, he is able to give more because he is selling some of his Hive Engine assets as well.

Votes for holdings BRO

Apart from the dividends people get, there is also a chance to grab a fat vote from the Brofund account and Brofi account if we have a decent amount of BRO tokens. The bot votes proportionally based on each individual's holdings and there are also a few more checks in place to control spamming and for quality checks. This is an extra income someone can get apart from the dividends if they are a regular content writer on Hive.

Delegate to Brofi

Delegating to Brofi is another good source of Income. We can delegate our Hive power to BroFi and earn BRO tokens for the same. The APR is expected to be close to 17 %. You can reach out in Mancave discord if you want to know the exact calculation. Leo promises 17% APR but considering the price of LEO tokens, I'm not sure if 17% APR is realistic. At least the value of BRO tokens is pretty stable in the market and I'm glad Ray is keeping it that way.

Value of the token

This is what makes me feel very positive about BRO. The project is growing, the holding value is also growing and at the same time, there is a huge demand for BRO tokens. Ray buys back his tokens from time to time to pay devs and for maintaining the value of the token. I have seen him purchasing a lot of tokens in the past and that has helped in stabilizing the price. In spite of the bear market, there is enough liquidity, and the price of tokens is also pretty decent for people to either invest or exit from the project. This is very good. I personally think the investments Ray has made in the last year have only increased in value keeping the capital safe. He is also very active in experimenting with new projects as well.


If you like what I'm doing on Hive, you can vote me as a witness with the links below.

Vote @balaz as a Hive Witness

Vote @kanibot as a Hive Engine Witness



Posted Using LeoFinance Beta



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pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 111 of my contest just started...you can now check the winners of the previous week!
!PIZZA
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Yes! Bro is amazing!

When I hit 10k HP within next month. I will properly delegate all of my HP to Brofi, just to get more Bro :p

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Great dividends, bonuses and token price.. its got it all!

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This post has been manually curated by @steemflow from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating to @indiaunited. We share 100 % of the curation rewards with the delegators.

Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.

Read our latest announcement post to get more information.

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Please contribute to the community by upvoting this comment and posts made by @indiaunited.

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This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

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It's too bad Brofi stopped a while back as it was my way of earning more BRO. I haven't really bought any lately but I may have to consider buying some.

Posted Using LeoFinance Beta

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BroFi is still functional. You can delegate your Hive to Brofi and earn BRO tokens.

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