Hive, the name which changed countless destiny! It has been such an amazing journey on the blockchain of HIVE. Since, inception of HIVE, it is such a pleasure to be a part of this Blockchain. It has come a long way and created a massive userbase of genuine and authentic users. At this point, it feels like the journey is just beginning.
If you are here from the beginning, than you might be aware of the fact, how HIVE Blockchain was born. To this day, I feel like it was for the best. As now we have access to countless users, developers, gamers, content creators, investors and what not! All because of this blockchain and the most exciting part is we have a dedicated community with genuine users who knows the value of decentralization and the proper use of this chain.
The market has been erupting over the last couple of days. BTC reaching ATH and breaking all its previous records was a mighty thing to watch. Altcoins are following and who knows we might see something amazingly amazing in the next couple of days. The bull market is what I am referring to! The price of HIVE has been showing nice movements over the last couple of days.
The price of HIVE has been hovering around 0.23-0.28 price range. Even though the crypto market has been going on and off HIVE seems to be un affected by it. Which is why, HIVE is probably one of the safest bet so far at the moment. Not only that, HIVE has been gaining popularity all across the blockchain for its crazy returns. Yes, I am talking about the APR that it is providing at the moment in some CEX. Let's talk about it for the moment.
As you may notice Hive has been giving out some crazy amount of APR for staking your HIVE, in one of the leading centralized exchange BINANCE. At the moment of writing this post anyone staking HIVE in Binance would receive 50.64% APR. That is some crazy amount of sh*t going on. It is literally unbelievable how much Binance wants your HIVE. You can literally earn while staking your HIVE in Binance. While I believe, it is probably one of the best opportunity to earn some HIVE right now. Since the staking period is also flexible, which means you can able to withdraw your funds at any given time.
That being said, lets check out how you can do it! The procedure is quite simple. All you need to do is open your Binance account and move to
EARN section. Right in the tab search for HIVE. Once you find HIVE, just click on it and you are good to go on the page below. Here you can check out how many HIVE you have in your account. Just click on MAX or the amount you would like to stake and click confirm. You should start on earning this crazy APR n your staked HIVE.
Before staking your HIVE, I would strongly suggest that you read the PRODUCT RULES where you will get a clear idea of how this Crazy APR thing will work and how you will get benefit from it. As you can see how things will work is clearly stated in this section. Which is why I do believe this is going to be effective for some time. I suppose more users dive into this, the APR is going to decrease!
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Although, even the APR is delicious I am not so keen on keeping my HIVE in Binance. As we all know what a CEX can do if it gets their hands on our assets. Also not to forget there will be some sort of catch once the staking period is over or you get to withdraw your fund. I would rather hold my HIVE in HIVE wallet and let them be there for the time being. Let me know, if you would try this!
Image Sources : Coinmarketcap, Binance
Best regards
Rehan
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