Passive income is the best income.
Anybody who has the same goals as me will want to create as many revenue streams as possible and with limited time in the day creating passive sources is even more important.
It's all well and good writing posts every day but writing takes time and the return is often not worth the hours that go into it. That said i write because i enjoy writing and not for the returns on time invested.
The end goal is to have a living wage from crypto and if it can be created form passive revenue sources then i have as much time as i want for the activities that i want to be doing.
I have three main sources at the moment.
HBD savings which i am working to build up again.
Splinterlands assets such as card rentals and land which create a constant revenue stream.
Inleo payouts which come from several sources. Ad revenue, staking returns and delegation rewards.
Their dashboard tells part of the story.
- 600 LEO monthly from delegation.
- 660 LEO monthly from voting rewards.
140 LEO from ad revenue.
1400 LEO a month worth $154 without writing a post.
Not a bad place to start and a good source of passive income for anybody on Hive who builds up a decent stake. If i could bring in enough views to my content then there is a lot more ad revenue to be earned as an author as well but that is another challenge.
Now I just need to 20x these amounts to generate a fulltime income. Or even better 20x the price of LEO and have the same effect.
For that to happen it will need to be a community effort to increase page views and bring in new users. There is also the new maya protocol listing and leodex which could have a significant impact on the price if it's built well and gets a lot of traffic.
That remains to be seen but the team is quite bullish on it's prospects.
The hive eco-system is a wide ranging and complex group of different people, apps and tokens. If you can get your feet under you within that system then there are lots of different ways to earn from the eco-system. If a matter of picking a starting point and then building your stack from there.
leveraging your hive to earn from the other apps in the eco-system and then use that to keep increasing your stack. It takes time and effort but can become quite profitable in the long run.
This can be done on a lot of ether eco-systems as well but the barrier to entry is much higher and there are very few where you can earn the principle token from your activity to get started. Most crypto eco-systems require a monetary investment to get started as opposed to the time investment required here.
LEO is one of the longest running apps on Hive and has branched out to other eco-systems as well. Who knows if if will stand the test of time but for now it's worth the delegation to build a nice stack for the future.
Posted Using InLeo Alpha