Hodling during the bear market: a savings account that wins prizesA Prize Linked Savings Account on Hive is the No Loss Lottery.
The No Loss Lottery can be used as a savings account, to hold your hodled Leo, which awards weekly or biweekly prizes.
Bear Market Hodling
- Many cryptocurrency investors hodl during bear markets, accumulating their favorite cryptocurrencies.
- The problem with just holding cryptocurrency in your wallet is low or no earning.
- For the sophisticated investor you can Hodl in a Defi LP pool to earn money while you hodl, but not everyone can use defi pools.
- But there is an alternative to hodling in your wallet with no earnings, you can hodl in a Prize Linked Savings Account.
Prize Linked savings Account
- A Prize Linked savings Account or PLSA provides weekly prizes via a raffle style lottery.
- Deposited funds in this savings account are assigned ticket numbers and these numbers are drawn at random for money prizes.
- So you can save your Leo in this account and win prizes.
No Loss Lottery
- On Hive such a savings account exists and it is the No Loss Lottery, which you n may have seen trending on Leo Threads as #nolosslottery
- You can open a savings account by sending Leo to
Hive account@nolosslottery via wallet transfer with #nolosslottery in the memo.
- You can read more about the No Loss Lottery here.
