Thanks for stopping by today. I wanted to share with everyone a new journey I am embarking on in the Hive Ecosystem. I am joining the Saturday Savers Club created by @eddie-earner. I found this group in my recent search for Dividend Tokens on the Hive Blockchain. I was encouraged by @shanibeer to join up and savingg hhas always been
Their group is responsible for creating a whole ecosystem of Dividend Tokens including: SPI, EDSM, EDS, LBI, CL. Paying an assortment of connected incomes culminating in liquid hive and leo token payouts. As you know, I come from the world of stocks and traditional investments, and in that world I focus on passive recurring income so I figure Id look to see if I could apply those established principles here on hive.
In this article I will outline my Savings Plan for the coming 10 months starting March 1st 2022, and ending Dec 31st 2022. Goals:
- 5000 Hive Power
- 200,000 SPS
- 50 EDSM
- 100 EDS
- 300 SPI
Current Stats as of March 3rd 2022
- Hive Power-- 1,421.876
- SPS--------135,055.000
- EDSM------- 6
- EDS----- 1.23
- SPI----- 52.83
Accumulation needed per month/ week/ day to achieve goal Based on estimate of 30 days/month, 40 weeks for 10 months henceforth:
- Hive Power--357.8 per month, 89.45 per week, 11.92 per day
- SPS--------6,494.5 per month, 1623.625 per week, 216.48 per day
- EDSM------- 4.4 per month, 1.1 per week, 0.147 per day
- EDS----- 9.877 per month, 2.469 per week, 0.329 per day
- SPI----- 24.717 per month, 6.179 per week, 0.8239 per day
Information regarding SPI can be found here : SPI info
Information regarding EDSM/EDS can be found here : EDSM/ EDS info
- I think my EDSM/EDS goals are very realistic, my SPI goal is definitely a reach, current prices for EDS is around 1 Hive, EDSM is about 10 Hive, and SPI is around 3.85 Hive. My plan is to focus on the EDSM first which mine EDS tokens indefinitely, which will reduce the hive outlay needed for my EDS goal and provide greater long term benefit versus the same investment in EDS for my goals and current situation. The SPI is close to its maximum supply issued already at 94,000/100,000 and seeing the amount on the market, this goal could break my bank, I will focus most of my energy on EDSM and Hive Power first I believe.
My SPS goals likely wont need any additional investment until the SPS airdrop ends, currently I am obtaining 103 SPS a day from the airdrop in @splinterlands which is the reason I came to the Hive Blockchain in the first place. In addition, I am earning 116.3 SPS a day from staking rewards. This works out to 219.3 SPS a day, oddly almost exactly my goal (I totally did not plan this to work out like this, providence I guess) giving me 3 SPS excess a day of my goal. But the twist is, the SPS airdrop ends in 146 days, approx halfway through my approx 300 day goal period here. So after the airdrop ends, I will have to start buying SPS to meet my goal, or buy more in the mean time, I will have to keep this in mind.
Last, but most important in my mind, is my obnoxious and insane target of 5,000 Hive Power by the end of the year. Its stupid high, I was originally thinking 2k to make it easy, but I wanted to really challenge myself, 11.92 hive per day is insane brother! I must be out of my mind! I hope to chip away at this goal by means of hive income from EDS, SPI, BRO, UTOPIS, BXT, BYT, DHEDGE. Curating content on hive blogs. Powering up my passive income from hive games:
- Splinterlands 9 Vouchers, 219 SPS, 1000-3000 DEC income per day Splinterlands Signup/Referral
- Rising Star Rank#58 0.13 swap.hive per day Rising Star Signup/Referral
- Dcrops,Dcity,BXT, DHEDGE currently approx 3 hive per day Dcrops Signup/Referral
Ambitious, but fortune favors the bold. I expect a downturn in crypto/stocks etc. or perhaps sideway volatility for the next year or 2 as rates rise and the market finds a new equilibrium. I will use volatility to my advantage to relentlessly meet my goals.
PERIOD.
