About a week ago I wrote a post named Remove Delegations: HIVE/BTC USD Value which discussed how to remove HIVE Power delegations. My goal was to show how easy it was to do such an action and to also motivate myself to increase my Hive Power. This current post is designed to do the same; motivate myself (and hopefully others) to increase Hive Power. So far I have removed a delegation that will roughly increase my current HP by 12%. That isn't nearly enough though because once you start down the road of wanting more HP its hard to pump the breaks. To be fair its a nice road to be on as with each additional HP one possesses the more influence one has within the Hive Blockchain. The question now becomes what else can we do to increase our Hive Power. Luckily the Hive Blockchain provides us with much opportunity to earn. Not only HIVE but HBD and other Hive Community Tokens as well. Of course there is always the option of trading other currencies for HIVE & Hive Power such as our forever depreciating Fiat (Yuck Fiat, that's a dirty word!). Lets dig into the meat and potatoes on how to earn more Hive Power right here on the Hive Blockchain.
(1) Creating Content
The most obvious way is to create content. Get your thinking cap on and create a post. Once your post is created and you hit that publish button your work isn't done yet. Networking is just as important as your post creation skills. Seek out like minded posts, comment/vote or otherwise interact with content that interest you. After-all if you want people to interact with your content it would be reasonable to expect the same of oneself (interact with the content of others).
(2) Community Tokens
There is a wide range of second layer tokens on the Hive Blockchain and they can be traded for HIVE (using TribalDex) or stacked. When creating your content make sure you are using the correct tags. For example if you are posting about cryptocurrency some favorable tags would be #crypto and #cryptocurrency. One such example of a community on hive is INLEO (LeoFinance) and when using the #inleo tag one can earn LEO Tokens along side HIVE and HBD. When it comes to second layer tokens LEO is one the more actively traded ones. Meaning if your goal is to turn your LEO Tokens into Hive Power you can do just that on TribalDex.
(3) Gaming (Lots Of Gaming)
Hive is leading the way with Play2Earn gaming. Splinterlands kickstarted the craze and many others (To name a few; Soulkeep, Holozing, CryptoShots) are helping to maintain and skyrocket Play2Earn gaming to the moon. There are endless amount of ways to earn rewards with games such as Splinterlands on the Hive Blockchain. In turn you can stack those rewards or trade them for HIVE / Hive Power. So many possibilities.
(4) Market Trading
The Hive Blockchain has its own market in-which those who frequent the HIVE Blockchain can trade their HBD for HIVE Tokens. The link to enter the market can be found in your wallet section. Simply click the drop down menu located next to your HBD holdings and you are off to the races. After clicking the drop down menu>market a new screen will popup that will display a market where you can trade your HBD for HIVE Tokens which of course can be turned into Hive Power. You can also trade your HIVE for HBD in that same market. Its as easy as a click or three.
(5) Curation (Use Your Vote)
The Hive Blockchain has a 50/50 reward split on created content. Meaning the author of the created content located on the Hive Blockchain will earn 50% of the Hive/HBD their content generates. The other 50% go to curators (those who voted the post). One's share amount of the curation rewards earned with voted on content depends on numerous things such as your vote power, vote percentage and Hive Power. These same rules apply to comments. As you can see it pays to stack and interact here on the Hive Blockchain.
There you have it folks; five ways to increase your Hive Power/ Earn Rewards right here on the Hive Blockchain (I bet you can't do that with your Twitter (X) or Facebook posts). Of course the easiest method to increase one's Hive Tokens / Hive Power is the way first mentioned in our opening paragraph. Trade that spare Fiat that is burning a whole in your pocket for some cryptocurrency and work your magic on any given exchange / Dex that allows you to do so until you end up with the the currency / Token you want, HIVE POWER. Recent trade orders taking place on HIVE's very own market can be seen screenshotted below. The first image in this post is a screenshot of a graph displaying the 24hour trade volume taken place on said market ($30K+). The @rentmoney blog is for entertainment only and contains no financial advice. Always do your own research before investing any of your hard earned currencies. Thanks for taking the time to read and interact. See you at our next stop (comment section).
HIVE's Onsite Market:
------> https://wallet.hive.blog/market
Posted Using InLeo Alpha