Secondary tokens
I have emphasized the importance of secondary tokens in the past, and I've been trying to build my secondary tokens for the past few months now. However, I believe I'm already getting there, even though I'm still far from my all-time goal, but I believe I will get there.
The success of the Hive blockchain is greatly dependent on the apps built on it. I believe that if the secondary tokens are successful it will be easy for the hive blockchain to reach its full potential, as evidenced by the growth of Splinterlands and its contribution to the last bull run.
Before purchasing a secondary token, it is essential to consider various factors as different tokens offer varying values. This is true for hive secondary tokens as well, so it's vital to carefully choose the token that best suits your needs.
Apr
Compound interest is a surefire way to build wealth, and some secondary tokens offer attractive APR rates. However, some individuals are not fond of APR that comes with staking conditions, as it may limit access to their funds in times of urgency. By just staking or holding some secondary tokens you will receive some nice apr
Apart from the APR earnings, we have other tokens that have additional benefits to stacking it. These tokens can be used to reward others, thus giving you more influence and helping you by just stacking the tokens. By rewarding people with these tokens, you can also earn rewards for your activities in the community, which can be easily compounded with the tokens. They offer more than just staking them and they work exactly like hive
Upvote
Getting votes on high-quality content can be a real challenge. Despite the uniqueness of your content, there is no guarantee that you'll receive votes on your content. However, investing in secondary tokens can be a way to receive upvotes
Investing in tokens that guarantee upvotes can be expensive. However, even if you have the funds to invest in such secondary tokens, they are not always easy to buy due to the lack of liquidity. It's important to avoid overpaying for the token and aim to pay only for its actual value.
Ohh let me add this
Investing in secondary tokens can be risky due to their high volatility and tendency to lose value over time. While it's true that some popular secondary tokens have become nearly worthless, there are still some that are holding strong and providing value. it is essential to do thorough research before investing in any secondary tokens.
Consider investing in secondary tokens as they have the potential to be very profitable in the long term. By using specific strategies, you can earn tokens for free through tagging the community and compound effects. These small gains can accumulate over time, resulting in significant profits.
Consider investing in secondary tokens with any disposable income you may have. One strategy you can use is the 90/10 approach, where 90% of your funds go towards the primary token which is hive tokens and the remaining 10% towards the secondary tokens of your choice.
More from dwayne16
Instinct and knowledge the polar in making a financial decision
Greed: the unsatisfied hunger for money
Is it stupidity or manipulation
Analyzing the market is good for everyone in crypto.
Invest in what you understand.
Thanks for your time.
Posted using Neoxian City
Thanks for bringing this to our notice. It is true that to get support on quality post is not always guarantees. As you suggested investing in the secondary token matters as it gives one opportunity to earn more and also get rewarded. All what someone needs to do is to make a research like you said before investing in the secondary token as many of the token lose value easily.
You look sharp in your attires today.
Investing in secondary tokens can be a wise decision, but it is not mandatory. You can choose to invest a substantial amount or gradually over time. Additionally, one of the benefits of secondary tokens is that they are often priced affordably.
Thanks for the compliment, I was at a party yesterday
Thanks for the response. Which of the secondary token can you advise someone to get? And thanks for the support always. I appreciate it a lot. You are making my progress easy I must say.
I can't recommend just like that but I can give you a list of them and do your reach and buy them one you are with
Alright, that will be a good idea.
I like the secondary tokens but it's hard to really pick it when compared to HBD and Hive. I still invest a bit of Hive every month but it's more for tokens that gives returns. Outside of LEO and CTP, I don't really bother with most tribe tokens though.
Congratulations @dwayne16! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
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
STOPCheck out our last posts:
Secondary tokens are part of the success of hive blockchain and when they thrive it will definitely affect the Hive blockchain positively.
Investing in secondary tokens is no doubt a very good decision to make.
Quite informative.