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RE: Babysteps To Creating Wealth #2 - Curangel Defi Passive Income

in LeoFinance3 years ago

Lol. I’m not trying to beat a dead horse as the saying goes but on this subject...

I discovered BRO, UTOPIS, SPI, ARCHON, EDS, etc., which all drip various other tokens that trade on hive engine, Leo Rex, tribal Rex, etc...

Most of what’s dripped isn’t worth a lot now but most have a lot of promise and are actively been worked on.

Some are savings tokens that use funding, either via direct financing or delegation of just about any other tokens, including the ones they drip to you 😁, to re-invest, mostly in hive projects, but SPI, for example has some off chain holdings backing its token value as well.

There are also mining tokens. LEOM, for example delegates token mining so periodically, a stakeholder is chosen to witness a block signature and is rewarded with LEO. There are several of those for various tribes, which are communities that have staked into hive and created a native token to power said tribe. It’s all very fascinating, especially when you see how they all intertwine and layer upon each other. The potential for rapid exponential growth is electrifying.

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Okay! Thanks SO SO SO much for this.
Finally I am understanding it a lot more.
Already had a look and just literally had no idea what I was looking at, but this makes so much more sense hahaha
Good human you!
ps. sent you a bit of $hive because my upvote isn't worth anything and I wanted to show my appreciation!

You’re welcome, and thank you, too! I’m happy to help. I’ve been looking for ways to spend more time here and, tbh, it was fun to pretend to be knowledgeable about this stuff to someone who doesn’t know better yet. 😁

Edit: one last thing...(?) If you're using peakd from a pc there's a little chat bubble icon between alerts and compose. That opens Bee Chat which is still limited, or at least I'm still limited with it, but it's a functioning chat service very similar to discord. I don't think a lot of people know about it yet.