Well there are lots of ways to earn Hive on the Hive eco-system while you sleep but the current one that has the best APR so far, is the utopis project. Yeah, I know I made a post about the utopis project some hours back, but this time around am doing it for a a giveaway, this is my first giveaway entry on Hive and am hoping I win this giveaway.
I’m not a fan of giveaway sometimes because it’s competitive, but am ready to do this one and take my chances because of the benefits of having Utopis. If you have read my previous you will see the benefit of it, but if you haven’t, don’t worry I will tell you what the benefits are.
So utopis, is a centralized Hive engine token by @chronocrypto that gives you incentives every Monday. So all you have to do is buy the token and hold to earn these incentives. These incentives are:
*Hive
*SIM
*APE
*SPS
*STEM
*BEE
*CINE
*ARCHON
Recently there has been some new developments that enables you earn more bonus to the addition of your weekly incentives. All you have to do is stake your utopis, and you will be liable to earn this bonus. To unstake it you will need 4 weeks to completely unstake it.
So How Does Utopis Generate These Incentives?
Well the brain behind the project is really working so hard. He has some Ethereum mining machine he bought, profits generated from mining Ethereum is used to buy hive and trade the hive engine tokens that are distributed to all holders every Monday.
Other hustles like door dash,are also put in place to earn more money to buy and send incentives. So practically @chronocrypto is making money outside the hive ecosystem and investing it on the hive ecosystem. But do you know, there is only one person hustling everyday to make sure we get our weekly Incentives, and he is a very good hustler. There are risks surrounding the utopis token, the risks is, since this man makes profit from mining Ethereum, what happens when his miners stop working, well what do we do? I guess the genius will think or create an alternative for us to earn. But don’t forget he runs a door dash hustle also.
The total number of utopis that was created was 1 million tokens, 850,000 was burnt to create scarcity and value for the token. So we currently have 150,000 minted tokens and slightly above 8,000 tokens in circulation.More information
So this is the amount of token, if the demand for these tokens get high, what do you think the value of the utopis token will be. So now we are getting incentives for holding utopis but our token is simultaneously increasing. This is one of the coolest ways of earning Hive on Hive.
If you want to get some utopis token, you can get them on Hiveengine, tribaldex and leodex. If you still have more questions you can join the discord