In Hive ecosystem, the best attention or say influence is found at that time when user stays active, spends more time in platform and remains a helping hand for helping others. More than this is to have more Hive Power. The more HP you have the more attraction people will have for you.
Now question comes that if someone does not have money to buy Hive then what should he do. How he should increase his HP and power up. In such case, for them the best option is to take HP lease. From this what happens is that you buy Hive Power for fixed time and after that HP withdraws back.
It has its own process which I will share in this post but before this one important thing must be discussed and that I consider it important. For taking HP lease there are differences among different users. Mostly users consider HP lease as allowed but some users are there who do not like this work.
Difference of Opinion on HP Lease
This depends on their thinking, those users who allow they think that after taking HP it is used for betterment of ecosystem. Meaning after taking HP you read contents and do curating and support new users.
But some users understand this in other way. They say from HP lease users misuse. They use it wrongly which only remains to the limit of reward farming. How like this? Users make their upvote cycle and only in specific users this upvote changing remains. Which is called vote cycling and this is disliked work in Hive blockchain.
So in such case what should be done. Always remember that in this platform avoid every work which is against its rules. Taking HP lease is not wrong work if you use it in right way, but if you are taking it for vote cycling then surely this work will be condemned.
Now let’s talk how HP lease is taken and what are its benefits and risks. Users take HP lease so that they increase their Hive Power and maintain influence in ecosystem.
Its benefits are more than risks. First benefit is that you will get influence in platform, people will have attraction and besides this with HP you can do many things. Good content writers who have good HP, you can vote them and bring their attention towards your contents etc.
If you take HP in reasonable APR then in the end of contract you will also get Hive profit. But if you take lease in high APR then in such case you can have loss.
The big harm of HP lease is that if you do not use HP according to platform rules then your account can be blacklisted and you will start getting downvotes which will make your rewards zero, in such case the lease you took against HP will be lost.
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HP Lease Process, Benefits & Risks
The way of taking HP is very easy and will be completed in only few steps. First of all you must login your Hive user account in #Hive-Engine. In given options click on lease which will take you to other page.
There you can see HP lease requests with APR. Now you must understand that if you offer more APR then your request will go on top and HP lease will be received easily. This works according to queue, whoever offers more APR his request will be filled earliest.
On top right side you will see 2 options “Request a lease” and “Dashboard”. You must click on “Request a lease”. Remember that you must have #swap.hive to take lease.
After clicking you will see interface as shown in picture. Now you set your HP lease request according to your choice. For example I want to take 10K HP lease and for 12 weeks. You write Hive according to weekly how much liquid Hive you will pay weekly. Below APR is also given which you will set according to your choice.
In the end you must click next and finalize. If your APR is more then you will get lease in one day but if APR is kept less then it will take time. After taking lease you can see your request in dashboard.
Remember that you must use HP in true meaning, avoid vote cycling and keep in mind that do not misuse your vote. Otherwise this HP lease is best for your account growth.
Is my this post informative for you, did you understand the process of taking HP lease? Express your thoughts for betterment of post.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
Thank You!
Best Wishes.