Passive income is the most expected thing everywhere. People who think about financial independence keep looking for passive income opportunities. Hive is a great platform where there are so many passive income opportunities available not just directly on the chain but also available on the earning opportunities in the sidechain as well.
On the core layer of the blockchain, there are several earning opportunities available, and apart from that there are also additional earning opportunities in DApps where many people come up with new innovative projects. In most cases, we might have to do some initial investment to start earning some passive income. Most of the income is generated based on how much money is locked or invested.
Staking Reward
Staking rewards is a wonderful way to earn on Hive. We don't have to do anything much. Just stake the tokens and we will start earning passive income. This is one of the best passive-earning methods we have on Hive. HBD can be considered a good option for this. We may not call it a staking reward but if we keep HBD in savings, we can earn passive income at 20% APR credited to our account once a month. There is no auto-claim option available but there are tools available to make it auto-claim for us once a month.
Staking rewards are also available on other tokens as well. There are a few projects on Hive Engine trying to get bigger day by day and they offer rewards for staking their project tokens. It may not be directly called staking reward but the concept is definitely the same.
Delegated Proof of Stake
This is the next passive income opportunity we have on Hive. We are able to stake our Hive to get Hive Power and delegate this Hive power to other projects to earn a reward share. There are many community projects available where our Hive Power can be delegated to help with manual curation and earn a passive income reward for the same. Most of the projects credit this reward almost every day. The rewards are given out either in the form of Hive directly or in the form of another token that has a good value.
Blogging and content creation
I wouldn't say this is a passive income opportunity. But content creation is also a great opportunity on Hive. We are able to share our thoughts and create a fan follower base for us and we can gradually improve our writing and earn content creation rewards for writing. Many people including me write on this platform every single day sharing thoughts and various topics.
Income from playing games
Hive is slowly becoming a gaming platform too. Long gone are the days when this was only a blogging platform. With the capabilities we have on this chain, we are able to create many dApps and games out of Hive. Some of these games also offer passive earning opportunities. Maybe we may not call it fully passive but there are a few games where we can stake and earn their tokens and that becomes a pure passive earning opportunity. It depends on how we want to play the game. We can still stay active and play the game actively and we can also do it passively.
Investing in projects and communities
Some projects that come up with a concept or idea would need funding from the community to grow. There are facilities available where the idea can be explained to people and crowdfunding can happen with the help of either NFTs or by selling Fungible tokens. Getting inside a project during the early days gives some great benefits in the form of huge rewards. Most of these rewards are also passive.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
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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.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.
These are all good ways to earn income on Hive. Some are more passive than the others. HBD savings with the 20% APR is my favourite. It's mostly passive with a good APR :)
Yes as long as it is available, we have to make use of it.
This post has been manually curated by @alokkumar121 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 more than 100 % of the curation rewards with the delegators in the form of IUC tokens. HP delegators and IUC token holders also get upto 20% additional vote weight.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @alokkumar121 by upvoting this comment and support the community by voting the posts made by @indiaunited..
This post received an extra 20.00% vote for delegating HP / holding IUC tokens.
This post helps a lot to attract investors to put their money in our blockchain and that benefits both them and everyone in hive.
It would be very useful if in another post you investigate more in each way of generating money, with links and more specific explanations.
I have actually written similar posts in the past detailing each category. I'll try to cover something in the future articles as well.
I wish there was some guide for such projects and communities where we can learn and understand them.
Going through each of their discord channels is really painstaking.
I am gravitating more towards passive income while I am trying to increase my HBD to get a taste of the sweet 20% APR. I am also looking for projects to invest in to keep myself in the early bird category.
❤️☮️
Yeah HBD investment is very good. That's one of the best passive income options right now.
Yeah.. even my goal is to increase my investment to 500HBD in Savings to reap the interest.
Later will be moving on to the other things.
Yes good goal. Even I did the same thing. Simple goals and step by step movements.
The kind of situation that is going on today, in Pakistan or in all other countries, it has become very difficult to earn money and live here because the salary here is very low and it is not even possible to run a house. This is a good platform we can work hard here and earn enough money to live my life I have been working on it for the past five months so far no big whale has come to me but still got some upvotes. Goes by which I can live my life.
It does take a lot of efforts to build here. It took me years and even after that there can be bunch of idiots coming after you. We have to keep going in spite of that.
The good thing about Hive is that blogging is not the only earning opportunity here.
Hive offers a lot of passive income streams. We just need to choose one or two or all and maximize our income earning capacity and potential.
Thank you for sharing
Yeah true many opportunities and many are yet to come too. We have to choose the right thing and keep going. Shouldn't spread too thin too. 🙂
One of the main reason why I love Hive is the ability to earn from any angle and also easy to compound. Hive is a blessing
Yes true. We are able to see the results evidently in front of our eyes. 🙂
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