Do you know what's the most important token in Hive's Ecosystem?
No extra points for guessing, it's $HIVE! 😝
As compared to other altcoins, it is actually doing great on the market. Apart from the 'pump and dump' by koreans, the price of $HIVE handled a lot of heat pretty well. Especially after BTC crashed below $20k for the first time since December 2020.
The bear market is a great opportunity to increase your stake as much as you can. This is how you can prepare for the great bull whenever it comes. More Hive Power means more influence on the platform. And influence is so important in the game of social media. The more you have it, the more things you can do with it. When I was new, I looked for passive ways to earn $HIVE on a periodic basis. That is when I found many opportunities which I am going to discuss in this blog.
Dividend Paying Tokens
As @acidyo mentioned in one of his recent posts, most tokens available on Hive-Engine are shittokens and their future is grim. People are earning them, dumping them for Hive since there is no reason to hold them. Let me introduce you to the Dividend-paying Tokens. They are like stocks that share profits as dividends with their shareholders. Their major use case for me is that they all give out $Hive for simply holding them in your wallet or staking them. The payment is done automatically either on daily or weekly basis. You can use your rewards to get HBD or power them up to increase your influence, it's up to you. Here are the top 5 HE Tokens you can buy to get $Hive Dividends:
BRO
BRO is the native token of @brofund aka The Man Cave Project managed by the amazing @raymondspeaks. You could earn bro tokens for delegating various HE tokens to @brofi. And for holding BRO, you could get various different tokens as dividends. Now we are back to Hive Payouts only. No more need to delegate anything, just hold BRO and earn HIVE. This one is my favorite on the list.
DHEDGE
DHEDGE gives out dividends in different HE Tokens (including BRO) and of course $HIVE. The best thing is that you also get DHEDGE for holding it. This means your stake grows on its own depending upon the share you hold.
INDEX
INDEX is just like DHEDGE that gives some of my favorite tokens like LEO, SIM, DEC, CTP and DHEDGE too. A project by our very own Hive OG - @jongolson. INDEX token is 100% backed by the tokens it represents.
BXT (Beeswap)
BXT is the native token of Beeswap developed by @dcitygame. If you stake BXT in Hive-Engine then you can earn a share of their fee revenue daily on the basis of your share.
UTOPIS
Edit: As per the latest update, the project is ending. Thanks a lot everyone for letting me know. 🤘
SPI & EDS
These two tokens payout $HIVE dividends just like others on the list. Thanks to @cwow2 & many everyone else in the comments for making these suggestions.
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Utopis just announced a few days ago that the project is over and dead. So let's not recommend that one.
Otherwise, BRO is the best one. Ray is trying his best to give us a good dividend and make it a useful token. You can't go wrong with BRO!
Thanks for the info @dbooster. I have edited my article.
I love BRO! ❤️
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Utopis is maybe dying just to be aware of that.
Also, look at Eds, Spi or Lbi, as dividend tokens ^^
Eds and Spi pays out hive.
Lbi pays out Leo
Thanks for the info mate. Should have checked the latest update on utopia before publishing this. Will replace it with SPI. Seems like a great option.
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No worries! Its a shame with Utopis it was a good project and chronos might be able to save it, who knows.
SPI is really good! Same with Eds :p
Thanks for the info guruji, I will do some research into them on the dex and consider investing.
Namaste
IDK I've really fallen out of love with these tokens and rather just build up the ones I want instead and sell off the extra others I don't. You're pretty much paying someone else a management fee to make you tokens and many of which you don't want or care about. But that's just me.
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That's true. Many of these tokens we get as drips are worth nothing. That's why I am only in a select few that pays out my favorite tokens.
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Oh no, you totally forgot @Spinvest. It is much older than bro and is paying a nice Hive dividend on a weekly basis.
I think I must get into that. Added this to the list. Thanks for the recommendation.
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Hello dear friend @finguru good day
I appreciate you sharing this information.
I have invested a few times in tokens in Hive-enegine and the truth has always been bad for me.
I will check what you mention
Again thank you very much for the information
You are most welcome friend. Let me know if you have any questions. Would do my best to answer them. Do your research thoroughly before investing.
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Thank you very much I will keep it in mind
Have a beautiful morning
I'm just seeing this UTOPIS thing now and yikes, what a mess.
Like others have already commented, I would say SPI deserves to be in the list.
They pay a weekly HIVE dividend and the assets that they're clear and transparent about the assets they have in the fund.
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Ye, its quite sad :/
Feeling bad to know what is happening with Utopis. I will definitely check out SPI. Which one do you think is the best out of the above list?
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Just check people's wallets for their real opinion ;)
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Good idea. xD
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I will definitely check about these tokens. Thanks for sharing this information
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You are most welcome mate. Cheers!
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Bro is the best and index. Thanks for sharing
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BRO. ❤️
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BXT is a great investment IMO
Yes mate. It's great!
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I will check it out.
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good stuff, thanks for sharing, let's do our own research
Yes. DYOR is the most important thing.
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Thank you for this. Gotta check them out
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All th best. Cheers! 🔥
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didn't know utopis was ending, that sucks. Any buy back of tokens or something ?
Here's the latest update mate: https://leofinance.io/@chronocrypto/utopis-update-rdy05m
That sucks really.
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Esto luce interesante hora de comprar y holdear algunos tokens
Gracias amigo. ¡Mis mejores deseos!
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Very interesting post, I really want to study all the tokens you presented. It wouldn't be bad at all to receive Hive dividends.
That's awesome. Let me know if you find something interesting. All the best mate.
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Some dividend paying tokens are a great addition to your portfolio
Yes. Passive income. :')
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BRO is really trending on Hive now, it's very lucrative given that now the dividends is paid in $Hive. INDEX seems more reliable, it's backed by a Hive OG and it pays out in different tokens.
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I love both BRO and INDEX. 🤘
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Thanks for this list. These are good investment ideas.
I think they should be listed on the Hive Busness Directory that @shortsegments created. You can find it on the community page for HiveBusinessCenter a Hive Community. You can find posts about it on @shortsegments blog page. I have been following EasyDefi for a while, it is a good service which invests others money in defi for 10% of the profits, which are paid out weekly. Perhaps they should issue a token to raise funds to market their services.
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Tagging
#hivebusinesscenter
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Good information, thanks
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