Hive Tokens You Should Invest into this Year

Hive Tokens You Should Invest into this Year

By Novasky | DevPress | 18 Jun 2022


Crypto market is in very bad shape. But that doesn't mean we have to stop investing into the potential of some of the blockchains. Hive is one such blockchain that rewards you for the content and gaming. For curation on Hive, you also get to earn the Hive tokens. These tokens can be used to reinvest or stake which in turn gets you more rewards in the future.

So let's discuss some of the tokens on Hive's second layer that you can invest into.

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EDS

This is the one that I recently got myself into. This token has pretty good standing when it comes to earning weekly Hive as a reward. So basically all you have to do is make sure to hold some EDS. Each week from Sunday to Tuesday period, you would find the EDS team giving you Hive rewards based on the amount of EDS token that you are holding.

If earning Passive Hive is what you are after then EDS is one of the token you should consider holding. Because apart from earning Hive, this is one token that would save you from active curation and content posting. This is especially good when you want to write less and curate or just want to take vacation from the internet.

CubLife and LBI

These two tokens pay you weekly LEO tokens. Those two tokens are basically mining the LEO out of their curation account and other means, so they are giving the rewards out to the people who hold their tokens. You may find that Cublife is one of the interesting token as it gives you more LEO reward. LBI on the other hand is pretty active Leofinance account which also interacts often with the content and comments on Leofinance.

BYT

This token is based on the Blurt's layer 2 involvement on Hive. Like EDS, they also give out the Hive token. However, you may also give the Hive through the SWAP.HIVE token of the Hive engine. Each week they too drip feed the SWAP.HIVE into your account. This would be a good idea for you when you want to buy other tokens out of the investment into the BYT.

UTOPIS, BRO

These two tokens are another set of the good tokens that gives you good rewards. UTOPIS gives you good amount of the output when you stake the UTOPIS in your account. Same is the case with BRO, it drip feeds small amount of other tokens everyday or as the rewards pile up for distribution. Do note that only high amount of the investment in two of them would be rewarding. Otherwise small amount would not get you much ahead. But those two are good tokens worth investing into.

SPI, INDEX and many others...

One article alone is not sufficient to cover all of these tokens. And that means you have to make sure to explore a bit more on the tokens that drip feed the other tokens weekly. You should consider making use of these tokens if you want to regularly get something back in return. My suggestion is do keep an eye on BRO, UTOPIS, SPI and INDEX token.

Note: A lot of these coins some of the time also drip feed useless tokens like WEED, LUV, PIZZA etc. Some hive users may like those tokens but I honestly don't find them much valuable. So if you happen to get too much of drip feed of those tokens, simply switch to tokens which give Hive or SWAP.HIVE instead.

Then there are also mining tokens which would be a good option to hold if you like. I have plenty of suggestions but if you expect these tokens to give you too big rewards then that may not happen unless you put on more money into them. So for purely curation earning and small rewards is possible from the small investment.

Are you on Hive? Which of some of the layer 2 tokens on hive that you prefer? Do share with me in the comments.

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Novasky
Novasky

Crypto Blogger and Open Source Developer.


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