An Additional Income Source For Hive HODLers: Account Creation Tokens

Two weeks ago, I realized that I can claim Account Creation Tokens(ACT) for free on Peakd wallet. It was a surprise to me to learn such a thing by accident. I guess that it doesn't come up too much as it is an issue that concerns community members with high Hive power. I'm not sure about the exact number, but those with Hive power of about 12.000 or more can claim Account Creation Token(ACT) on Peakd. I've been making claims for a while, I've accumulated 15 tokens so far. In the near future, we will be able to buy and sell these tokens through the DACTER app. You can find the @aggroed announcement here on the subject.

On the Hive blockchain, transaction costs are managed through a mechanism called Resource Credit(RC). Users who gain Hive power by staking Hive gain RC as well as voting power in proportion to their Hive power. Like voting power, RC is a parameter that decreases as it is used and refills over time. Every transaction we make with our account has an RC equivalent, we can think of RC as a transaction calculator. RC is indicated by a green lightning bolt in the PeakD app.

The RC of users with high Hive power always stays at a level close to 100%. Because Hive is a blockchain where transaction fees are close to zero. We are now able to claim ACT with these idle RCs. Those with enough Hive power have options like the ones below in their Peakd wallet. Other Hive frontends do not yet support this feature.

We claim only one ACT with the "Claim Account Creation Token" option. We can claim more than one ACT with the "Claim Multiple Account Creation Token" option. When we do this operation, our RC decreases. After our RC fills up in time, we can claim ACT again.

With the "Create an account with token" option, we can open a Hive account practically. We write the user name on the screen, save the passwords, and an account is created.

ACTs are a topic that app developers are more concerned about right now. Because they need these tokens to easily onboard users. After the DACTER application goes live, a market of ACTs will be created. I don't think the ACT price will be too high, but I still consider it important as it will be an extra source of income. There will definitely be ACT donations by whales to popularize the use of Hive.

Conclusion

As ACTs become tradable, the number of potential revenue sources from HIVE power ownership will increase to five. As Hive power holders;

1. We are taking advantage of Hive's possible price increase.
2. We earn curation rewards.
3. We enjoy the 2.85% annual Hive power yield determined by the Witnesses.
4. We take advantage of possible airdrops.
5. Soon we will be able to earn income by claiming and selling ACT tokens.

This new opportunity for community members with a high amount of Hive power can be seen as a positive for everyone as it will support the Hive price. In the meantime, it is possible to reach the Hive power that will be enough to claim ACT by getting delegation via Dlease. Buying delegation only for ACT may not make sense, but it will be a parameter to consider while making a decision about Hive power.

Thank you for reading.

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