Many of us think that the only opportunity to Earn on Hive is by making quality posts, and that's all.
Well.... Certainly, you can earn from that your Quality and amazing content/post. But, Naaaa! That's not all there is on Hive.
You've only scratched the surface and you're satisfied with the crumbs when you can easily dig out the diamond. - Ksam
A dig dive into the Hive Ecosystem or Hive Blockchain will reveal so many possible ways you can earn, which we can call our
"STREAMSSSSSSS of INCOME"
When you make this dive, you'll discover that the ten (10) ways I'll mention in this post are just the basic ways that Newbies can also get involved with.
In the video above, I discussed these 10 ways to Earn on Hive extensively and I gave relevant/practical examples. However, this post will offer the summary of what I discussed in the video above (with additional points).
The Ten ways I mentioned are:
- Creating Quality Contents (author's reward)
- Making Quality Comments
- Participating in Community Contests
- Voting (Curation) Reward
- Tribal Tokens (author and curation rewards)
- Annual Percentage Rate (APR) on Hive Power (HP) and Hive Backed Dollar (HBD) Savings
- Liquidity Pool (LP)
- Hive Power (HP) Delegation
- Airdrops on Hive
- Hive Blockchain Games
1. CREATING QUALITY CONTENT (AUTHOR'S REWARD)
Hive supports and encourages authors as it hosts a platform where authors can earn from their ORIGINAL and PLAGIARISM-FREE CONTENTS.
However, aside creating contents and just "dumping them", do well to engage your audience and other authors; put differently, respond to people's comments on your posts and drop amazing comments on their posts.
2. MAKING QUALITY COMMENTS
While making quality comment helps you build relationships or bond with other authors, it can also fetch you few bucks, which if you accumulate can be "something hoooge" (huge) 😉
3. PARTICIPATING IN COMMUNITY CONTESTS
This is also a great way of earning, where you can earn Hive, HBD or Tribal Tokens.
Many communities host Contests daily, weekly, monthly and quarterly, among others. So, as a member of a community, try to be updated with the Contests and activities of the community. All you need to do is to follow the Rules of the Contest....
READ THE RULES, DIGEST IT AND FOLLOW IT CAREFULLY.
The truth is that many people join new communities through these Contests. So don't be afraid to explore other Contests and join other communities where you can actively participate and engage in.
4. VOTING (CURATION) REWARD
Did you know that when you vote contents you also earn from it?
Wait a second 🤔
When you receive upvotes from people, they aren't dashing you Money, you know right? Instead they earn when they do so, you know this right?
Or don't you? 🥺
If you don't, maybe you can understand it a little with this example:
Let's say we all invested in a business with different amounts: some invested with $5 and above, others with $100 and above, and few individuals with $100,000,000.
In this business, one of the benefits is that there is a share of $500 available daily where all the investors can share and benefit from. However, the rules are:
- Rule 1: Your investment amount determines your share of the $500 (which means, someone with $5 worth of investment may get only 0.001 share, while someone who has $100,000,000 worth of this investment may get up to $100)
- Rule 2: You cannot receive your share directly, you can only receive half of it when you give it to someone (for instance: you give the person the whole $100... but when it is time to put receive the money in the account, the money will be shared by you two: he or she takes 50% while you take the other 50%)
Okay let me break down this simple story:
The investment is the HP (Hive Power) and your amount of HP determines your voting mana. This voting mana is the share of investment meant for us, however we cannot receive it directly. We must vote others and then we can get at most, 50% of our $ votes.
That's why we need to accumulate more HP so that you can earn more when we vote a Content.
However, to safeguard the Blockchain and make wise voting choices, only quality and original contents are worthy of these votes. Plagiarised contents and their authors get punished by the Hive Watchers 👁 be careful... don't let that eye Visit You 🤫
PS: 😔😔😔 I wish I had more HP to curate quality contents and support zealous and hardworking Newbies 😔😔😔
5. TRIBAL TOKENS (AUTHOR AND CURATION REWARDS)
Tribal Tokens are second layer Tokens or Community Tokens built on Hive Blockchain. I'll encourage you to visit @samostically post on Tribal Tokens and the Use of tags to understand this better.
These tokens are used as rewards in communities. This usually goes alongside with use of tags. The right content with the appropriate use of tags can fetch you some Tokens (aside Hive Votes). These tokens can be traded at the Hive Engine.
Some of these tokens can be staked or powered up and when you power them up, you can earn curation reward.
For example, if you have a staked $LEO and you vote a post that has a #Leofinance tag, when you vote the post, automatically you vote with your HP voting Mana and Leo voting mana (together with other Tribe Tokens voting mana, if their tags were used). So which means as you get Hive curation reward, you will also get Leo curation reward (one-up curation reward, etc). The same happens with all staked layer 2 Tokens on Hive.
Power them up and accumulate more 😉
If you want to withdraw, it will take 4 weeks unlike HP that takes 13 weeks.
You can also delegate your Tribe Tokens also, and win tribe Tokens in contests.
(O boy! We just mentioned about 4 different ways in just one way)
6. ANNUAL PERCENTAGE RATE (APR)
The details in these images can be found in your Hive Wallet. So go check it up yourself 😉
By Annual Percentage Rate, we simply mean Interest accrued in a year (however, we receive them monthly).
Hive gives you Percentage interest for Investing or Staking Hive (HP) and for Saving with HBD.
Can you see that?
20% Interest for HBD Savings.
You can utilise them well, you know 😉
7. LIQUIDITY POOL
This may be a bit technical, but I will try to simplify it so that you can understand better. If you understand it then you can see the endless possibilities in it.
To convert BEE coin to Hive coin, it means that Hive coins should be available in the Pool to give to the person who needs BEE, in exchange for his or her BEE coin.
Hence what you do in Liquidity Pool is that you make your coins available for this transaction/conversion.
You are neither selling nor giving it out, rather you just make it available. And for doing so, you will be given rewards in Hive coins or other Tribe Tokens, depending on the Pair you wish to add Liquidity on.
When you log on to beeswap.dcity.io/convert you will see the available pairs.
To do this, you should have both pairs, even if they are 0.051 Hive and 0.1 BEE. However, your reward will be little.
8. HIVE POWER (HP) DELEGATION
Like I said earlier, the more HP you have the higher your voting Power. With the voting power you can reward quality posts and earn from the reward as well.
However, if you feel you don't have time to move around to curate quality contents, you can delegate the HP to someone or a project (or a Community's official account) to do this in order to support these authors.
While some delegations may come as an act of charity (where you may not gain from them), there are others where you get your 50% curation rewards in Hive coins. Hence, by supporting your favourite project, you also earn from it.
For instance supporting projects like @ocdb @ecency @curangel @leo.voter and @psyberx among others you earn weekly or daily rewards.
9. AIRDROPS ON HIVE
Airdrops (on Hive) are reward we get for Investing in a project on Hive or just owning a Hive account.
Some of these are Tokens given to all Hive holders for the sake of promoting or advertising their tokens, some are Tokens given to holders of Hive based on their staked (HP) and some are given to those who invested in various projects on Hive.
For instance the #Larynx token which many of us claim every month was given to those who created their Hive account prior to when the Snapshot was taken (Last Quarter of 2021). The amount earned also depends on the HP holdings when the Snapshot was taken.
SPS has its own and Leofinance as well (Staking and Farming Cub is also something worth learning).
10. Blockchain Games on Hive
If you've been following my posts, I've done various tutorials on Blockchain Game. You can begin with this post on Blockchain Games - Newbies Tutorial to have a good foundation and understanding of blockchain games.
However, by way of summary, with blockchain games:
☆ You play a Game for fun;
☆ You Earn Cryptocurrency (in-game currency) in the game;
☆ You Earn NFTs in the game; and
☆ You also Trade in the game (trade your crypto coins and sell NFTs at the Market place).
Oh! Before I forget, Hive is a Cryptocurrency, which means the value is volatile (it can increase/decrease in value at a rapid rate). So when you accumulate more Hive now that Hive is low, as the Value of Hive increases your savings and worth in $ also increases.
SO, HODL HIVE 😉
And remember, these are just the basic knowledge oooo!
There are endless possibilities to earn on Hive.
And by the way, this is my 100th Video on 3speaks 😁
- All designs were made by me using Canva Mobile Application and PowerDirector.
- All screenshots were taken with my phone and of my wallet account on Hive and Beeswap.
Have you read these posts by me?
☆ DIARY OF A CONTENT CREATOR ON HIVE
☆ INFLATION: FROM THE LOCAL MAN POINT OF VIEW
☆ Buying, is not the Solution!
I AM KSAM
I may not be your favourite author, but you can journey with me to help me develop my "penmanship" skills. I am always open to criticism, correction and learning 🥰.
▶️ 3Speak
Learnt some new stuffs here
Thanks boss
Thank you for your comment
I'm glad you learnt something new from this piece.
This is super educative brother.
Thanks for making it simple and a reference for newbies like us. 🙌🙌🙏
Thank you so much brother 🙏
I'm grateful for your comment
But wait ooo: "Newbies like us"? 😅😅😅
You wey be my Oga
No try am ooo, before my village people start to dey think say I don make am
😅😅😅
This is educative and entertaining, I had fun reading and learning as well. I am still new to Hive, every time here feels like it is the first time. I do hope to learn more and I did follow you up to learn more about the blockchain.
Thank you so much for your wonderful comment. I'm glad you picked up a thing or two from this post.
The journey isn't an easy one but it is not impossible. I'm sure you'll do well 👌
Thanks for your words, surely with a post like this, one will catch up on it.
This is excellent. As a newbie I was only thinking of just 2 ways here to earn on Hive - Numbers 1 and 2 here. I never knew of the rest of other 8 means to earn too. Thank you so much for sharing this, I really leanrt alot.
Thank you for your comment on my post.
Just like I said, there ARE MORE THAN THE 10 I mentioned here.
If you noticed, when I mentioned Tribe Tokens I mentioned 4 different ways in just one way Tribe Tokens.
You can Earn Tribe Tokens:
I didn't even add investing on potential and promising tokens like LEO. Such that when they rise in value, you benefit from them.
Also you realise that Hive is a Cryptocurrency and traders also Trade it along with other crypto. So trading Hive is also another benefit. You can trade Hive with HBD, buy and sell (this is technical)
You can also invest in Hive and HODL (HOLD)
These are just basic stuffs oooo
Things plenty 😁😁😁
Well spoken I have learned a lot thanks for sharing
Thank you so much for reading my post /& watching the video. I am glad you learnt something from it 🥰
This is so educative and interesting to read. I’m just discovering new ways dig gold here on hive😁
Thanks @ksam for revealing and making it explanatory enough.✌🏽
Hahahaha
Madam haff turn to Digger of Gold ooo.. abeg coman employ me nau 🥺
Thank you so much for your wonderful comment
I'm grateful 🙏
Thanks for sharing this content I had been battling with how to get curator to visit my post but it get in vain which I don't think that works for me . So I am trying to invest in my hive token or hive power so I can get more voting manna but I don't know how to do that I will be happy if you can guide me through that and what is 3peak ?
Congratulations @ksam! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next payout target is 3000 HP.
The unit is Hive Power equivalent because post and comment 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
STOPTo support your work, I also upvoted your post!
Great Post!
!1UP
Click the banner to join "The Cartel" Discord server to know more!
Thank you so much
You have received a 1UP from @luizeba!
@leo-curator, @ctp-curator, @ccc-curator, @vyb-curator, @pob-curator, @neoxag-curator
And they will bring !PIZZA 🍕.
Learn more about our delegation service to earn daily rewards. Join the Cartel on Discord.
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Please vote for pizza.witness!
I don't know why I'm finding it hard to understand some of these things. But overall, I think I still learnt something new.
I will see you privately 😜👀.
Omg
Seriously
I'm so sorry 😞
Sorry for keeping your comment hanging
I didn't know 🤦♂️
No problem, it's understandable dear.
It's better late than never, right? 😊💙.
Yea
Na you sef go tish me engagement nau 😏
No problem, I will try and make a post of what I think is working for me and I hope it helps.
I learned a lot, thanks for this post.
You are highly welcome
Wow..
So helpful..
I read it thoroughly..
Thank you for this
Thank you so much for your wonderful comment
I'm glad the piece is helpful
It is oo...
I hope to be a doer of all things soon..
There's so much to learn..
Very good post, it is true, HIVE users have many options, someone who does not want to create content is also welcome, they have many other ways to earn HBD.
Thanks for sharing this summary of, success in HIVE. 😃
Thank you so much for your wonderful comment
I am indeed grateful
I'm so sorry for replying late
Thanks for your write up is really helpful
But the game aspect is s little bit complicated could you talk about it more?🥺
Hello
I am so sorry for the late reply
I made a post on Blockchain Game
And Another post on Splinterlands Tutorial....
I'd encourage you to check out the Tutorial on Blockchain game first
https://peakd.com/hive-153850/@ksam/lsofucad
Then if you want, you can learn the Splinterlands game.. although it is quite confusing
https://peakd.com/hive-153850/@ksam/ojpswvzp
Thanks so much for this my boss. I've really learnt many things which I'll start working on them.
I have always wanted to start Blockchain games, this is a good way to start.
You're welcome brother
You can check my posts on Blockchain Games, it'll help you know....
https://peakd.com/hive-153850/@ksam/lsofucad
https://peakd.com/hive-153850/@ksam/ojpswvzp
Okay... I'll check it out.
This is really a detailed explanation of how to earn on the hive, for people like me who are not earning so well yet and would like to do better, I am saying a big thank you for this very detailed publication.
You are highly welcome
You're free to ask me any question
Thanks you have clarified many ideas! Keep it up
You are highly welcome bro
As a newbie, this is a good information for me. Thanks
You are highly welcome
This post really helpful for newbies like me i really love reading this post it really helpful
I'm glad you love it
Thanks for your comment
It my pleasure boss
Wow these points were really broken down here. Although the tribal tokens amd l8uidity pool still sounds like Latin to me because I'm yet to understand them fully but thanks to you I have a basic knowledge of them now. Thank you so much boss. This article is super excellent.
Great video
Thank you for your comment 🥰
Wow amazing information about hive.. Thanks for sharing us..
I dont really lot of hive earning ways,just now i learn.
But still i have some questions,how to know which contests going on here. Any articles regarding it??
Thank you for your comment and for reading my post 🙏
🤔🤔🤔 For the contest, let me categorize them in three grades:
There are many communities that host activities with weekly contest where you can participate and earn. For instance, in Afri-tunes Musical Community, there is a weekly engagement reward for participants where 3 people win 2HBD (=6HBD) every week. In Pukumundo Community there is also a musical contest where the winner gets to win some Hive Rewards and other incentives. Even in Hive Learners Community there is a weekly contest. But the problem is that many people don't realize this.... that's why I urge you to always read the Community's Pinned Posts and the guidelines, and be updated.
There are some Communities that have monthly contest, for instance Comedy Open Mic (which is both weekly and monthly) and Ecency, among many others. The Contests last for a Month and when it ends, the reward will be shared.
There are some Contests that come up occasionally. For instance there was a Logo contest for #Spk.network, Logo Contest for Ragnarok and many Contests with PsyberX organised. Some of them have huge amount as reward. But these Contests lasts for a specific period of time, after that... its over. These Contests usually have large turnouts/participants because of their reward. Well, people still get to win the award.
So just check the community you're in, you may be shocked that the community does weekly contest also.
Eeeeehm
But there is also another trick though... don't say I told you ooo shhhhh 🤫
You can search for the word "challenge" or "contest" under the search icon in the category of tags. Maybe it'll bring you to nee Contests and challenge on Hive.
Shalom
Thanks for detailed explanation. It helps me a lot for finding ongoing contests on hive.
Thanks once again...Take care.