Check Your Layer-2 Tokens Status .:. Tribe Earnings Skyrocketed

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(Edited)

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After the announcement and the birth of tribes on the Hive blockchain, I have picked my favorites and became with accumulation... It's not a secret that I was here on Hive from the first day of Hive Engine and tribes, and one of my first ones was the CTPTalk.com and their CTP token... I was part of the community before the tribe creation, and from Day 1, I was accumulating tokens... Over 90% of my tokens are generated organically, by content creation and curation... every... single... day...

I'm not sure what was the exact day when tribes were launched, but that was the day when the game completely changed... Those who have recognized how important the step is, are now whales in specific tribes... I'm one of them in the CTPTalk, you are maybe in some other...

Why tribes were (are) a game-changer? Hive blockchain is huge and it has over 15K posts and comments published per day... That is a huge jungle... It is very hard to be noticed and to stand out from the crowd... But, tribes aren't like that... They are smaller, usually focused around a specific niche, and you can much easier "stand out" if you create solid content... You can get more upvotes in tribe tokens, probably more than Hive... Maybe they aren't more valuable than Hive, or maybe they are (check LEO token)... But, you can accumulate them, stake, and curate content...

...and that is a point where you will notice a big difference compared to Hive... The curation rewards on Hive tribes are almost two times (or more) bigger than on Hive... A week ago, @achim03 has created a great blog post about the curation rewards of hive-engine tokens and he got to the same conclusion... We had an interesting conversation in the comment section where we exchanged some additional stats from other tribes... I will quote myself from there:

My LEO curation is around 18-19%, and my CTP rewards are around 28-29%

and

I have checked my SPORTS account, and I have there even crazier numbers... I think that curation APY there is between 40-50%, which is insane...

Why this post and discussion? Well, I have accidentally checked out the USD value of my staked LEO tokens and noticed that it is more than my HivePower value! I didn't cash out any of my Hive in these 2 years on the chain, I have bought some, and I was creating and curating on daily basis... Again, every single day... On the other side, I have created posts for LEO Finance frontend, but far away less then for Hive, maybe every 5th post was for LEO, or even less... And I didn't buy more LEO tokens than Hive, for sure...

Okay, I have to be honest here, the value of LEO tokens has risen dramatically in the last few months, but still, earning in tokens is still better in LEO than in Hive... For some other tokens, the difference is even bigger... What will happen when the CTP or SPORTS tokens go up in value as LEO??

Don't forget to check out the video...

Thank you for your valuable time,

~ph~

Check Your Layer2 Status.jpg


Music in video:
Growing Up by Scott Buckley https://soundcloud.com/scottbuckley
Creative Commons — Attribution 3.0 Unported — CC BY 3.0


zorro.gif

Don't forget to follow, reblog, and browse my Hivepage to stay connected with all the great stuff!

You can also find me on LEO Finance .:. Twitter .:. LBRY


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40 comments
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My only "regret" is that I wasn't there from the beginning for everything.
But then again in the long term sense, this is still the beginning.

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You are still not late, Hive is still under radar and tribes are still not matured fully(or reached their full potential). You are going to see lot of projects coming into life by LEO, CTP and 3speak team.

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I fully agree. If we zoom out, we are still at early stages. :)

!WINE

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Like @saachi said, don't worry... You are not too late... Just look at Leo Finance and what they are doing... It's still just the beginning, and we are seeing only the tip of the iceberg... A lot of things are just unfolding out at these moments... So, I would say that you are here at the perfect moment... :)

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True. It's all about perspective. I might be sad now on missing out on LEO at 3 cents. But in a few years 50 cents will seem like a steal!

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I only got this same approach once I knew how tribes work with the tags and each tribe's specific VP I had daily. Now its not just earning Hive/HBD but second layer tokens as well.

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I knew how tribes work with the tags and each tribe's specific VP I had daily.

Oh, I forgot to mention that! That is actually the crucial advantage of tribes as an addon to Hive... Having another 100% of VP for curation!!!

Thanks for pointing that out!

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!WINE

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Researching about tribe will keep you interested about tribe and help you in getting a nice chunk of token too.

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Exactly... Eventually, when you find 1-2 tribes that you like, you should stick to them and build up your stake! That's how whales are born :)

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Thanks a lot for the shout out! The second layer tokens are definitely a very interesting field. Of course there are some out there that lack good tocken economics but there are also some gems that can generate a huge return for curation and also for creating content. For me CTP, LEO, Sports are the most promising ones. Mainly because things are happening there. There is development and inovation and in the end that is what makes a project evolve.

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For me CTP, LEO, Sports are the most promising ones.

It looks that we are on the same page regarding tribes... And I agree about tokenomics... A lot of tribes don't know how it works, and just throwing numbers blindly... So, maybe some combination will work... But, in my opinion, that's not a good way of development...

It's hard to gain the confidence of your members and community, but when you lose it, it's even harder to get it back...

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It's hard to gain the confidence of your members and community, but when you lose it, it's even harder to get it back...

That's totally true. When you look at pal, they kind of lost my trust and even though their token is now much more stable, I still remember this and I won't buy more of them.

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The problem with PAL is that the Splinterlands team tries to do gazillion things, and they have a limited number of people... I was pushing PAL and SPT (Splintertalk) for some time, but every project needs attention from developers... And they didn't get that...

The same goes with almost every project (except Splinterlands) from that "team", so I try to keep myself away from that stuff... I still have some tokens, but not buying, or accumulating hard for the future...

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Their work is amazing but things are often not finished. When I look at hive-engine, pal, spt, farmer,... The finishing is missing in my opinion. It's like ok we did it, let's do something else and forget about it. It's different with splinterlands I agree.

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(Edited)

Their is no doubt that second layer token are paying more then the hive (in many cases) but the other thing is nit all the trubes are general tribes... most of then are project specific so for some people its not easy to mix with them... for exaple I am nit giid jn finance so I assume that leo is not a bet llace for me but the other hand I have observed that author rewards from creating post are not the only earning in case of tribes or second layer token.. if you engage with the tribe members by commenting them also you can earn the token (in second layer token their has no min threshold required). Thats what I plan to increase my leo earning by engaging. It benifit me to understand finance also lol...

And yes I 💗 CTP and CTP is the major chunk olin my second layer token....

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That sounds like a good plan and very good logic... If you are not encouraged (or experienced) to create "finance" posts here on LEO Finance, there is still a lot of space to accumulate tokens by commenting and learning... Which is just great...

Also, I think that the linear curve is helping a lot in encouraging commenting and upvoting comments... Leo Finance and SportsTalk have done a great job switching to it... ;)

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Kudos to you and Achim for sticking with it and for investing in projects (tribes) you believed in. Now (or later) you only reap the fruits of your investments, whether in time or money.

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Now (or later) you only reap the fruits of your investments, whether in time or money.

That's the right crypto mindset... Doing work today to real the fruits later... And you are right, if I didn't start with accumulating CTP tokens at the beginning I will not be at this point... There is no way that I could repeat that starting from zero now...

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Congratulations @ph1102! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You distributed more than 37000 upvotes. Your next target is to reach 38000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Next Hive Power Up Day is February 1st 2021
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So very true! Keeping focused on a few tokens & cryptos (that I truly believe in) is what I am doing atm. While it's easy to want to get into everything, I decided to pick a few to really hone in on & hodl as much as I can... it makes my journey more exciting also!

Like you, I never powered down my HIVE or traded it outside of the blockchain as well. I have a long term vision, so as they say in the trading world, I am long in HIVE!

I am not quite as far in LEO as you are (yet), but even with the small amount I have, I have also noticed the value in it is climbing so it motivates me more to keep going... :)

You also made a valid point as well....focus on the VALUE we put out there on the blockchain & we will be able to earn these precious tokens we are striving to accumulate. It's like that movie "Field Of Dreams" - if we build it, they will come
This is exactly the way to earn - provide value to our community with a true heart & the rewards will come back to us...

Thank you for YOUR value! I always learn something from you in your posts & chats. Honored to be your friend. :) 💚

!WINE

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It's like that movie "Field Of Dreams" - if we build it, they will come
This is exactly the way to earn - provide value to our community with a true heart & the rewards will come back to us...

And you made me search for that movie... I suppose it's this one: https://www.imdb.com/title/tt0097351/ :) I have something new on my watchlist :)

Agree with that statement... Investing our time, effort, and heart into this should help us down the road in other types of "rewards"... It can be money-wise, or relationship, or friendship, or knowledge...

Thanks for your support (and wine :) )! I have spent all wine for today... Have to go to the store and buy a new bottle... ;)

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I agree that the layer 2 tokens is the place to focus. In my limited understanding, the earning potential is so much higher there, especially if you diversify. Since there is the opportunity to earn from several layer 2 tokens on each post, you are effectively multiplying your earnings. Even if you are only focusing on a few, that doesn't mean you have to stop earning others all together.

As for me, I have become enamored with dividend bearing tokens. Any tokens I earn that I am not interested in holding, whether earned from posts or dividends, can be swapped for more dividend bearing tokens which just feeds itself (similar to staking). If I focus on these dividend bearing tokens for as long as you have focused on CTP, LEO, and SPORTS, I foresee creating a token generating machine.

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Any tokens I earn that I am not interested in holding, whether earned from posts or dividends, can be swapped for more dividend bearing tokens which just feeds itself (similar to staking).

That sounds like a good plan... I'm also holding some of these tokens (if you mean like INDEX, DHEDGE, MPATH, etc), but I still like to have "full control" over tokens like the one that I have mentioned...

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