NOTE: If you are already a member of this glorious little blockchain, you can ignore this post. This won't be news to you. And you may end up reading this and say...Well, of course Jongo, everyone knows that!
Building businesses online is an uphill climb!
Over the years, you are going to hear a lot of different theories on what it takes to make a living online. So while online experts are a dime a dozen, I thought I would tackle this topic from another angle...
Multiple streams of income!
Again, this is something I'm sure you've heard before and rightfully so. A fantastic game plan for building a steady online income is to in fact have, multiple streams of it coming your way.
Of course, there is the fact that it takes time and focus to build just one income stream up but let's take for a second one of the most important streams.
To me, that's the foundation.
Not necessarily your main income source, but the solid foundation that you don't need to worry about. The one you know will be there, day in and day out. A lot of different opportunities online come and go. Some days you will have a great day of revenue. Others, you won't.
So that foundation is crucial to allow you to operate you day to day operations.
Certainly this can't be something as volatile as crypto right?
Waaaaaay too many ups and downs!
Let me share with you a unique stablecoin that you may have not heard of....
This is the Hive Blockchain Dollar or Hive Backed Dollar from the Hive Blockchain.
A quick little 411 on Hive....It's one of the only true decentralized blockchains online. And I know, lots of chains out there claim there are decentralized, but if you can name the owner, founder or creator of a chain, it's not decentralized.
Hive is real #web3 , decentralized and a thriving vibrant community of creators and enthusiasts. And while I'd love to pitch you on what you can build on Hive, especially as an online entrepreneur, that's for another post.
Today though, let's talk about...Foundation!
The HBD is a stable coin that is part of the circular eco-system built on Hive. And it's not backed by fiat, or some fake bank accounts ran and controlled by the owners. It's based on code, and backed by...The blockchain!
Huh?
There's some fantastic resources out there explaining the ins and outs of this stablecoin, but here's the nuts and bolts...
Every HBD is backed by 1 USD worth of Hive.
And as it's not backed by make believe fiat and magical bank accounts, the conversions happen all day every day. No one controls HBD and Hive, it's a decentralized blockchain. Which has to be repeated because it's so important that you understand this. No one can 'take' your funds from you! Ever!
So how is this a foundation for online entrepreneurs?
Because of the interest rate that current HBD holders are enjoying....
Backed by the blockchain, HBD holders that put their HBD in a savings account, get 20% APR on their stablecoin! No fluctuations.....No worries about your funds being stolen or frozen.
This is powerful for those of us that want to do a few things:
Develop a steady, reliable and safe income stream that doesn't fluctuate!
Create a foundation for our online business with a revenue stream that continues to grow at 20% a year...Without doing a thing!
Introduces us to the amazing potential of the Hive blockchain. Which, once we dive in more, start to discover the insane amount of opportunities on one of the only decentralized blockchains online.
This isn't an exhaustive post about HBD, just enough to hopefully get you thinking about the potential of creating a solid foundation here. Building prosperous and steady revenue streams online doesn't have to be complicated or hard to do....It just needs to be reliable and safe.
HBD checks off so many boxes!
Want to learn more about how to build income streams on this incredible blockchain?
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How do we spread this article to the masses. Great write up!
!PIZZA
I put it out on web2 sites and plan to email our list about it. More eye balls, more people hopefully coming to the good side of the force.
Nice job explaining Hive / HBD.
Now you just need to get it in front of a non-Hive crowd.
#ctp
#hive
Yeah man, sent a blast to the mailing lists...Hopefully it gets some curious people to stop by!
HBD is great but I still think there needs to be a proper fix so that it doesn't rely on coingecko's price feed. I don't think it takes into account the internal market so the price can be off quite a bit. Other than that, I think HBD is a great source of income.
I think the internal market seems to keep things pretty stable...But hoping for @coingecko to do anything on this chain lol oh man, wishful thinking
This is definitely the post I'd send to email list if I had one. Because I am pretty sure this would let noncrypto people think over their choice of using the crypto. It'd be cool to try out this type of mail copy and see how those people click on links and overall conversion.
Well done!
I fired it out, got a few people to join our Discord because of it. Next step is to get them to engage with everyone here.
I'm really loving how HBD has been helping me grow over the years. It's becoming one of my favorite tokens to hold!
It's remarkable!
I can't wait to get out of this hole I'm in to start stacking HBD again!
I hear you! I actually might power down a little bit and buy more if Hive gets up around $3 again.
I'm trying to figure out a way to squeeze in some off chain online marketing again, but either way when I set up the new list, etc to bring folks to this side of the web3 world I'll definitely add a link to this post for subscribers as this is short, sweet, to the point and makes me want to join again lol.
lol awesome to hear it man!
yeah I sent it out to a few lists. hopefully it attracts some action takers!
I saw those too lol. Old school but always the go to @jongolson
Still got some traction. The lists are still alive lol
I love the fact that we have multiple streams of income here
We don't just earn from writing or blogging alone
I love it that way
Yup yup, so true. So many ways to earn here!
Well said about multiple streams of income and HBD as a strong foundation to build it Jon, once you have a good amount you have VC money to invest in the next stream, thanks for sharing and stay awesome.
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Agreed. I think it all starts with HP...That opens things up!
I love the balance that HBD brings to the Hive blockchain. Many applications are being created around it so I think it will have a great future.
I agree. HBD will be the fuel to really get things going here on a commerce level!
Mejor Explicado imposible, Hive es lo máximo , yo amo Hive.
This is very informative. I love it keep it up sir
Thanks for checking it out!
I have hear people say making multiple streams of income but truth be told it is always difficult to do so at times
I think it starts with Hive Power. That is so important to focus on. Once that gets built up, everything else falls into place.
Whatever you do ….
This is very funny 🤣
Thank you, @jongolson! I'm looking forward to reviewing and learning more about HBD!!! The way of the future! Have a great rest of the week! Barb 🌟😀👍🌟 !BBH !CTP #ctp
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That is a great piece of advice and worthy information for us to have a foundations built.