Greetings to the community on the Hive blockchain that encourages hustling in all ramifications. It's your friend saying hello from this part of the world. Have a nice time ahead. Grace and peace to you all.
I most recent times, I've come across peoples Hive wallets and discovered that most people move their HBD rewards to the HBD savings on-chain, which others convert and deposit to buy Hive Engine tokens. This have made me to ponder why people do what they do with their rewards from content creation. However, everyone is free to do what they want to do with their money, since we're a democratic platform.
This has made me to do a little analysis to ascertain which is best in terms of hive hustling and that's the main purpose of this post.
Before I venture into the comparative analysis section of this post, let's understand what and why people hustle on the hive blockchain.
The essence of hive hustling is to create avenues for Hivers to generate additional or passive income streams in order to have a smooth run and live well in the real world.
People venture into hive hustling in order to set up or start up other businesses such as Real Estates, poultry and other ventures that can improve their wellbeing.
On-chain HBD Savings Vs Staking Hive Engine Tokens
It should be noted that both on-chain HBD savings and staking hive engine tokens already existed even the current change in the interest on HBD savings from 12% to 20% APR. The reason for the influx of Hivers into HBD savings is just the unanimous decision made by the Hive Witness in April.
What does the on-chain HBD savings mean to me and why it's necessary?
For me, the increase in APR interest on HBD savings simply means an avenue to secure one's investment for a long term and still gain a little interest on it and still have your investment intact.
We all know that the crypto market swings like a pendulum and can land crash at anytime, making one to lose all good or her investments in split second. Everyone saw how TerraUSD (UST) crashed overnight, making investors to lose billions of dollars worth USD.
Be that as it may, in terms of hustling on the Hive blockchain and generating rewards, on-chain HBD savings cannot be compared to investments on Hive Engine tokens.
This is because, there are Hive Engine tokens staked for Curation that can offer you in a day the amount of value you'll receive from on-chain HBD savings in a month. Mind like I said earlier, the values of Hive Engine tokens can land crash at any moment, but all things remaining equal, I'll go for hive Engine token stake when it comes to hive hustling and the search for passive income streams.
In the areas of hustling strategies, on-chain HBD savings just have a single strategy of putting you're HBD into savings and receive interest for saving.
Hive Engine offers you over 70 tokens and more to choose from when thinking of investment opportunities. This means that you have a plethora of choices to make when staking on the Hive Engine smart chain network.
The following Hive Engine tokens are recommended by me: Leo, Cent, Ctp, SPS, POB, SPT, Listnerd, Sports and many others.
Hustle to make tomorrow better than today. I'm a Hive Hustler and a believer of multi-streams of income.
Thank you!