#AirDrop50K Contest // What Would You Do With An Airdrop Of $50,000?

in LeoFinance2 months ago

This is my entry into the #Airdrop50K Contest. The details of the contest can be found in the following post: https://peakd.com/hive-167922/@starstrings01/what-would-you-do-with-an-airdrop-of-usd50-000-or-or-6000-hive-delegation-prize-pool 54

This competition requires you to answer two questions. The first is;

What would you do with an airdrop of $50,000?

The second question is;

If you are given a Hive power of 100,000 Hive, how exactly do you plan on using it?


Photo By: Giorgio Trovato

$50,000 is a lot of money. It's hard for me to imagine having that much money to freely use. The first thing I would do is liquidate a good chunk of it, and pay off my debt. I still have some student loans and a car payment. I would get rid of both of those. Next, I would convert my airdrop into a bunch of different cryptos to diversify. I would probably choose ETH, DAI, and Bitcoin to start. I would also put a good chunk into various DeFi projects. I don't have the money to put into them right now, so I haven't done a lot of research on them. I would look into what's out there and then throw money into the ones I thought looked the most promising in the long term. After I had set my investments I would hold them for the future. I believe crypto still has a lot of room to grow, and any investments made now will be worth a good bit more down the road.

100,000 Hive is a lot of Hive. I don't even have 50 Hive of my own, so that number just seems insane. First off I would 100% upvote every post by whoever gave the HP to me. With that amount of HP, I would try to find Hive communities, and projects that I thought were good investments and delegate a good chunk to them. Then I would try to find people who are creating quality content, and content that has a positive impact on the world, and support them with delegations, and upvotes. Last I would try to create my own tribe with like-minded Hive users to do something meaningful in the world.

In both instances, I would want to try to give back to the Hive community, and to the world at large. I feel like anyone who has been blessed with more than they need should be trying to help out those who are lacking.

Thank you to @starstrings01, and @aliento for hosting this competition. I'm Inviting @princessbusayo to take part in this challenge, and I encourage everyone to take part. Here is the link if any of you are interested: https://peakd.com/hive-167922/@starstrings01/what-would-you-do-with-an-airdrop-of-usd50-000-or-or-6000-hive-delegation-prize-pool

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I feel like anyone who has been blessed with more than they need should be trying to help out those who are lacking.

I absolutely agree. To whom much is given, much is expected. Just like you said 100,000 hives is an insanely huge amount for me too 😄. Curating quality posts and giving back to the community is a smart plan.

Good luck in the contest. 🙂

Thanks you too.

I like your plan and I got something from your post. You talked about your willingness to invest in some projects but you haven't made some research about it.

This shows that many people have plans already but the only constraint is Finance. I would be glad to see you digging deeper and doing research about those DEFI projects irrespective of your financial status at the moment.

Who knows?
The money may come anytime and it'll be easier for you to make your investments.

As for your choice of giving back to the society by using the HP to vote quality posts, I will say that it is very nice plan. Well Done.

Thanks for participating in this contest

Thank you for the kind words, and the good advice. I will take it to heart.

First of all, thanks for inviting me as I already participated in the contest. Lol
I love how you analysed spending your $50k AIRDROPS. Sure, if you invest with it, you are going to be having more in returns. Also, you would have cleared your debt which is very important. Good one friend @horstman5

First of all, thanks for inviting me as I already participated in the contest. Lol

xD

Haha. Sorry I did not realize you had already completed it.

Your current Rank (80) in the battle Arena of Holybread has granted you an Upvote of 10%

That's great man!! when you invest in crypto (on the ones that go up) for sure you will multiply your money.

In the end we all want to return some love to Hive, it's inevitable

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Yeah, before going into any project, it's good that debt is settled especially owning such huge sum as airdrop. It's good to give back to the community that gave to us and that's why curating others is a good thought and No issues, I believe someday with persistence, you will stake above 100,000 hive power of your own.
Good luck in the contest.

Thank you for the kind words. !LUV 1

You're welcome

Hi @dwixer, you were just shared some LUV thanks to @horstman5. :) Having at least 5 LUV in your wallet enables you to give up to 3 LUV per day, for free. See the LUV tokens in your wallet at https://hive-engine.com or learn about LUV at https://peakd.com/@luvshares