Hello Hivians.
This is my first post in the Leo Finance Community and today I will talk about investing in Hive.
Let's start from discussing the basics of cryptocurrency.
In simple words cryptocurrency is a digital currency which is decentralized in nature and all the data is stored in servers in the form of hash. There is no central authority like government or bank. The main purpose of cryptocurrency is that it can enable anyone anywhere to send and receive payments.
Cryptocurrency are further classified into different types that are utility, DeFi tokens, security, stablecoins etc.
The main reason for the invention of cryptocurrency is to reduce the dependence on government and banks making it decentralized. Cryptocurrency are very volatile in Nature meaning it has high a\Alpha(returns) but also has high Beta(risk).
The first cryptocurrency invented by Satoshi Nakamoto in the year 2009.
According to me Cryptocurrency has a very bright future like the internet bubble, but as it is a very new technology in will take time for thing to happen. Investing now in cryptocurrency is very risky but if invested in good cryptos which projects are sustainable will lead to Phenomenal returns in the future.
Investing in the Hive
Hive blockchain has very bright future as the creators of the community are very good and the token has shown phenomenal growth from past.
Hive ecosystem has many apps and communities leveraging hive.
The Ecosystem has apps based on games, NFT, DeFi etc.
Let's talk about each of them in detail-
Games
Here we can play games and earn hive. These are known as play to earn games.
We are rewarded each time we win in hive token.
Some of the games powered by hive blockchain are Splinterlands, Rabona, Brewmaster, Dcrops, King of Duels etc.
Social
In the Social Network there are social media apps based on Hive Blockchain where you can do certain social activities. Some of them are Hive Tube, Truvvl, Engrave, Peakd, LeoFinance etc.
Hive blog is again a social app where we have different communities where you can write blog and earn hive tokens.
NFT
You are awarded NFT while you are using these apps. NFT is non fungible token. The value of the token fluctuates based on the demand and the supply of it. You get rewarded in the form of NFTs and you can sell it when the value rises and earn a good amount of return.
By using these apps you are rewarded NFT which is stored digitally.
NFT is basically a digital art of something with a price of it.
Some of the apps where we can earn NFT are Splinterlands, Dlux, HivePunks, inji etc.
DeFi
DeFi means Decentralized Finance meaning transactions that takes place without any central authority like government, bank etc. Its core property is that it is P2P in nature meaning transactions takes place between 2 people without any middlemen.
Some of the apps of DeFi based on Hive Blockchain are Club Finance, Tribaldex, DLease etc.
Here the transaction takes place instantly without any central authority and is much faster and cheaper than the centralized one.
Tools
Hive Blockchain also has certain tools which we can use to create something of our own. These tools are very useful and helps us to create an apps, podcast, editing etc.
These apps are based on Hive Blockchain and are very useful if you are looking to create something of your own.
Sport
Post Pandemic we have understood the importance of our health. Walking and Running and staying healthy is very important in life.
Did you know that you can earn my walking and running by using the Actifit app which is again a Hive blockchain app. You get rewarded Hive when you walk certain steps.
There are some other sport app based on the Hive ecosystem like the Rabona and Skate Hype.
Video
We can can watch and create videos on Hive Tube, 3Speak, Vimm etc and get entertained.
We earn Hive Tokens on posting a video. All the apps are decentralized and arebased on Hive Blockchain.
That's all for today.
Thank you for reading till here.