Summary:
In this video, Task discusses various ways to earn rewards on Hive blockchain through engagement, specifically focusing on a concept called "threadcast." He highlights the importance of engaging for the sake of participation and not solely for rewards. Task stresses that although the earnings may not be substantial, it is a great way to start and enhance accounts, as well as distribute tokens across the platform. He emphasizes the simplicity and accessibility of earning through engagement, illustrating it as a beginner-friendly method for users new to the blockchain space.
Detailed Article:
Task starts by emphasizing the multitude of ways one can earn rewards on the Hive blockchain. He draws attention to a practice called "threadcast," where individuals engage by upvoting comments during live podcasts or AMAs. Task mentions various shows like CTT, LeoFinance AMA, Cryptomaniacs, and CryptoHawks, where this engagement takes place, highlighting how participants like Starkerz, Dan, and himself contribute by upvoting with their respective token powers.
The discussion delves into the mechanics of earning through engagement by receiving upvotes and subsequently accumulating Leo power or Hive power. Task explains that this method differs from traditional content creation, as even short comments or questions can yield rewards. He underscores the global nature of engagement on Hive, where users from diverse linguistic backgrounds can participate and earn rewards through translators.
Furthermore, Task outlines the continuous reward potential of engagement, revealing how consistent curation efforts can lead to predictable rewards. He highlights the equitable distribution of tokens as more users engage, holding tokens like Leo and Hive, thus benefiting the ecosystem as a whole. Task encourages individuals to engage for the sake of interaction and enjoyment rather than solely for monetary gains.
Additionally, Task sheds light on the staking aspect of earned tokens like Leo, emphasizing its dual functionality in enabling curation activities and potentially granting access to a share of the ad revenue pool in the future. He contrasts this engagement-based earning model with traditional investment strategies like buying and holding cryptocurrencies, underscoring the simplicity and self-contained nature of the Hive engagement process.
In conclusion, Task urges viewers to consider the value of engagement-based rewards on Hive, highlighting its user-friendliness, sustainability, and potential for gradual earnings growth through staking and participation. The video serves as a guide for both newcomers and existing users to leverage engagement as a starting point or a complementary strategy within the blockchain ecosystem, providing a fresh perspective on earning in the crypto space.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.