In case you haven't heard of it, UTOPIS is a hive engine token that pays weekly dividends (in hive) to its holders. Last time I checked the APR was approximately 100%, making it the most generous token when it comes to dividends!
What I like mostly about UTOPIS is that the dividends don't come from inflation but instead are bought directly from the market, bringing actual value to the Hive ecosystem!
To achieve this, @chronocrypto, the main brain behind the project, is using the profits from the token sales to buy equipment for mining and other gigs that bring sweet dollars to the table that are then used to purchase hive.
As we speak, the price for one UTOPIS is approximately 3.5 hive.
Up until a couple of weeks ago, my bag consisted of 300 pieces. But a few days ago we had some really sweet news:
With tribe dividends added to the table it was a no-brainer for me and I purchased an extra 120 pieces!
By the way, I know the 100% APR sounds very tempting, not to mention the added tribe dividends soon to come.
Still, keep in mind that this is a 100% centralized project and @chronocrypto can theoretically rug and fuck us in the ass anytime he chooses. So do your own research blah blah blah.
Here is a link to the discord if you want to learn more about the project
https://discord.gg/zWn4XPpa
And here is a link for the Hive engine pair if you decide you want to buy some tokens!
https://hive-engine.com/?p=market&t=UTOPIS
Posted Using LeoFinance Beta
Bought because of you a while back and it is great. Haven't been rugged and fucked yet so it would be a new experience.
Posted Using LeoFinance Beta
🍆
Lol. Trumpman has a way with words that always make me grin.
Posted Using LeoFinance Beta
My pleasure!
Posted Using LeoFinance Beta
Quick one I noticed Utopis payout up this week is that going to continue or a once off. I know the project is doing well so maybe time to get more again in a bigger way.
Posted Using LeoFinance Beta
Remember I purchase the hive with the fiat profits and ETH Mining so if the price of hive is lower then last week, just means I am able to purchase more hive. ETH has been nice last week until it crashed in value.
Ok makes sense yet Eth is expected to go up considerably over the coming months so will definitely just keep buying anyway. Thanks for the response though.
Posted Using LeoFinance Beta
I already had some of those and I just bought more. It's indeed a great project! @chronocrypto is doing a great job
Posted Using LeoFinance Beta
Glad to have you.
Yes definitely one of the most unique tokens
Posted Using LeoFinance Beta
I sell some utopis to get POB. Now I must after your post buy utopis again :-).
Sounds interesting, have to check that out :-)
APR is sweet and then this happens, hahaha, well I guess I'll grab myself some, so Erhm will I be delegating it or something? I love the fact that it brings value by buying hive.
Posted Using LeoFinance Beta
You buy and hold and earn.
no, just buy and hodl
Posted Using LeoFinance Beta
I am tempted to use my sim tokens to buy some right away
Posted Using LeoFinance Beta
nice!
Posted Using LeoFinance Beta
I have about 10 of those and while the APR is nice I prefer to keep most of my Hive liquid with the hope that we might see some crazy price action like we saw in early 2018. If it doesn't happen I'll just stake it and put it to work, but if we reach like $8 again, then ohhh boy :)
Posted Using LeoFinance Beta
🦑 hive is always nice to have when the east wake up to pump hive.
yup and I don't want to miss that once in 4 years opportunity :)
Posted Using LeoFinance Beta
Yep that is not about the strategy either. I'm doing a bit of both ;-)
Posted Using LeoFinance Beta
UTOPIS is a passive coin dream!
Posted Using LeoFinance Beta
I just hope we don't get rugged lol
Posted Using LeoFinance Beta
With the dividends I got each week I bought more and will keep doing that in the future. Congrats on your stake, it's a nice one.
Posted Using LeoFinance Beta
Drip method love it
It's a good one, trust me :)
Posted Using LeoFinance Beta
Very nice, keep pumping your bags!
Posted Using LeoFinance Beta
Nice tokenization. :)
Oh yeah!
Posted Using LeoFinance Beta
UTOPIS is one of the best Dividend Tokens I hive (pun intended).
Those weekly drips are dopamine.
Posted Using LeoFinance Beta
Yep! Let's spread the word and pump our bags 🥰😂
Posted Using LeoFinance Beta
Sure. Thanks @trumpman. I copy trade you! 🙏
Posted Using LeoFinance Beta
Just HODL and it should pay us back in a year or so. The rest will be profit and I only have around 10 of them right now. I don't think he will rug pull us so I will diamond hand it for now.
Posted Using LeoFinance Beta
Any ideas on what tribe tokens will be bought and distributed?
No, I guess we will know soon enough!
Posted Using LeoFinance Beta
It looks like a good opportunity. Just invest a good amount and Hodl to infinity and beyond.
Posted Using LeoFinance Beta
Nice!
Posted Using LeoFinance Beta
If you fuck me in the ass on a rug, how much will you pay?
Posted Using LeoFinance Beta
Zero
Posted Using LeoFinance Beta
Cheapskate. @joshman pays better anyways
LoL
Posted Using LeoFinance Beta
I have a soft spot for Africans.
It's a great project.
Posted Using LeoFinance Beta
Yes!
Posted Using LeoFinance Beta
Sounds interesting, have to check that out :-)
Let me know if you do!
Posted Using LeoFinance Beta
Congratulations @trumpman! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next payout target is 40000 HP.
The unit is Hive Power equivalent because your rewards can be split into HP and HBD
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!
I just picked some up a while ago to get me to a nice round number, but I might have to pick some more up looking at these announcements! It has been nice getting those little dividend payments at the beginning of each week!
Posted Using LeoFinance Beta
I love the Utopis dividends I get each week!