My Monthly LEO Curation Earnings "alone" surpasses Minimum Wage in Nigeria

in LeoFinance4 years ago

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I've been very keen with having cryptocurrency solve realtime humanity problems. When this happens, many people would have a shift in their thinking of crypto as a "ponzi or scam" to see it as a technological revolution in finance. I starting owning cryptocurrencies in 2018 March and that was STEEM and since then, I've been consiously looking out for ways to integrate crypto in my business.

With my crypto earnings in STEEM, HIVE and Hive tokens, I've paid my bills and executed several awesome projects in addition to charity. I've also introduce some persons to Hive who have made a full time living from their earnings.

Earlier today, while looking up my curation earnings in my LEO Curation account on Hivestats, I discovered how much value have been generated on weekly and monthly basis. While my thinking, I discovered that the curation rewards accrued from my 25k LEO stake yields revenue more than minimum wage in Nigeria.

The intent of this post is not to playdown on the value of my native currency, rather to show how much value cryptocurrency is giving to life. I'm also using this medium to publish my #success-stories to help inspire unemployed persons out there that they can start a financial life on a blockchain like Hive.

In 2019, the Nigerian government increased the minimum wage to her civil servants from an initial NGN 18,000 to NGN30,000. The new amount is equivalent to 77 USD. Sad that this amount is far less than the average cost of living for an individual in the country, yet, family owners are earning that meager amounts.

The national minimum wage for federal workers in Nigeria reached 30 thousand Nigerian Naira in 2020, which equaled to about 77 U.S. dollars. On average, the monthly cost of living for an individual in Nigeria amounted to 43.2 thousand Naira, whereas this figure added up to 137.6 thousand Naira for a family. In 2019, the minimum wage of 30 thousand Naira became law. - Simona Varrella, Sep 4, 2020 source

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At present, USD 1 is equivalent to NGN 386.25. The exchange rate in the black market is far lesser such that USD 1 is exchanged for NGN 455 or more. Each year passing, the Naira continues to lose value against the giant USD. Thus, earning in USD becomes more viable for living in a country like Nigeria.

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Looking back at my LEO curation rewards which add up to $77.7 USD over the last 30 days, it follows that just reading and "liking" posts on LeoFinance.io would earn me much more than a Nigerian civil servant on minimum wage. Not just does this happen in Nigeria, this friend @coyotelation had shared his side of the story in Brazil just few weeks ago.

With this, I can say that curation in Hive blockchain isn't just for fun, it is an employment. For those who are much interested with the content, it's an employment with upgrade in knowledge.

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This value given by LEO curation is at its minimum at the now. This is because we expect to see LEO rise to $1, that is about 5 times its present value. That means that should I not increase/reduce my stake, I'll be earning as much as a Grade Level 8 Civil servant for just curating contents in the @LeoFinance community.

Interestingly, I've been done with university education for the past 9 years, yet, no civil job. Thanks to LeoFinance and Hive for giving out this value to humanity. Meanwhile, it is interesting to also know that 25k LEO is presently valued at around $5,000 USD and all of that was earned through creating content in the leofinance community over a few months ago.

I'll keep sharing my success story till it inspires every single person out there that this message is meant for. Cryptocurrency is here to change the narrative about wealth creation. There is a possibility for the unemployed to go rich and afford the basic amenities of live by just engaging the community with their knowledge and thoughts.

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What is great this talks about your surpassing minimum wage with curation, it doesnt even mention your posting of blogs or comments. That is really paying off too.

The key is to get involved and make a name for yourself. There are many willing to help. Too bad most are not willing to get involved.

This is the true Killer DApp, helping people to feed and clothe their famiilies.

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What is great this talks about your surpassing minimum wage with curation, it doesnt even mention your posting of blogs or comments. That is really paying off too.

With opportunities like this,he can develop his surroundings and his life. And I agree with you, this is a Killer DApp. I bet this will look totally different in an year from now, in a total positive way.

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Long ago, I had converted my office space to a Crypto Hub where I train young people in content creation. I'm glad that over a hundred of them are doing well here on this platform.

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This is so cool. You are a community leader and a doer. Keep the good work up and continue to change and improve the life around you. You've got yourself anew follower from today. :)

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I bet this will look totally different in an year from now, in a total positive way.

I am sure of that. We already look so much different from a year ago...hell from 3 months ago.

With so much development, we can count on continual forward progress. A well rounded approach will pay off in a big way.

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Thanks for the supports thus far. They are very tangible and adding value to my life and family. I'll keep spreading the #successstory and soon, we'll have the numbers flood in here.

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Great testimony of success in LeoFinance! This is awesome and very interesting. A great reason to make and curate content on LeoFinance.

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I completely agree with you on that because of linear curation curve i curate a lot post that I like and enjoy reading Leo finance has truly changed the way hive platform is used

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Thanks for the comment. I've discovered that curation is the very rewarding on Hive especially for a community as LEO that is growing and allows for linear curation curve.

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Keep going buddy! I want to see you earn the yearly Nigerian minimum income in one week. Make the best out of the circumstances around you. Invest wisely and don't complain, just follow your road.

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Give the platform a bit of time. We will see nice token price appreciation as a result of the development. Of course, the markets might pick up on things sooner.

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Of course! I stake now everything on my sons and my account. I grow it for him, as he is only two. He received at birth 1 BTC and some blockchain accounts with a decent stake. I will grow them till he is mature enough to take the lead. So it is a long run for him and me. :)

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That is awesome. I bought some crypto for my daughter on one of her birthdays.

It is really a new experience.

You son might be one of the youngest people in crypto. LOL

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Of course! I stake now everything on my sons and my account. I grow it for him, as he is only two. He received at birth 1 BTC and some blockchain accounts with a decent stake.

Awesome. I just learnt something great here. Thanks to the DEFI pools now that one can make a one time deposit and wait for some decent revenue to be generated in the future.

I need to have a crypto account for my mum. I hope she'll find the fun here to stay longer.

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Very true. THinking long-term is very crucial when it comes to crypto. I have many friends who laughed me to scorn when Steem/Hive dipped to nothing, yet, I kept being active. I'm still looking at 5- 10 years into the future.

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At some point, I'll reject working for the government even if they offer a job. I hope $LEO and HIVE grows further so I can begin to save up for retirement.

Make the best out of the circumstances around you. Invest wisely and don't complain, just follow your road.

I discovered and that is the reason I share my success stories to inspire others. My blog is full of this similar for several indices of earning here.

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Wow, that's really impressive! Great things are happening here.

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yeah, very real. We all can gather here and make the impact felt around us.

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That is pretty awesome! Well done, you will become a rich man for sure!

Thanks very much for the words of encouragement. Having people like you engaging this chain inspires me too. We move...

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Great post mate. This is why I got into Crypto in the first place because it was a way to empower people from poorer nations and give them a chance to get above the 'poverty line'. Excellent to see you have come so far and best wishes as always big fella :-)

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Thanks. Indeed, as Tasmaster4450le often say, the emergence of crypto would close the gulf between the rich and the poor as everyone has the opportunity to create wealth.

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Great story bro, Leofinance in positively impacting folks far and near.

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My success in this journey would not be complete without a mention of your name. Those upvotes do mean a lot and I'm happy you see that it's generating value for humanity.

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I will repeat myself again, but that's what I call mass adoption for crypto. Putting a bread on the table and the fishing net in their pockets. I have myself quite often paid bills with blogging money. Can't wait for that 10 dollars LEO and HIVE...

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Hit the nail dead center, blog earn bread!

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blog earn bread!

LOL, that sounds more humanistic I guess.

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Yep the basis for my latest post under my main account.

It truly is a lifetime opportunity to help others.

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The digital era of abundance, right...

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Glad that I found it earlier and started engaging the community.

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Can't wait for that 10 dollars LEO and HIVE

Surely, these days would come and quite faster as long as we keep sustaining this improved engagement module in the community.

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I'm all about engagement :)

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That's awesome! Will check through your content types.

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See you around ;)

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Great life story and amazing world views, I am glad to see and hear other people earning a nice revenue compared to what their country is offering as far as minimum wage.

Keep on thriving my friend.

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Yeah, much more has been achieved. This was just a tale of my LEO curation earnings. I've seen people pay their house rents and school fee with STEEM/HIVE earnings.

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Awesome 😎 Its been inspiring to how this platform can change people’s financial lives!

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I'm that very example. Joining STEEM as a content creator then was the best investment decision I ever took. With HIVE, things get clearer and more futuristic. I hope my success story inspires someone out there.

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Yes truly amazing and now are the second layer tokens like sports are doing the same by following linear curve

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Very true, we are still in the beginning of the journey. Soon, LEO would be worth $1 and SPORTS would be worth $0.01. Maybe I would resign every work and be a full-time content curator.

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This is absolutely amazing! You are doing very well & it's only the beginning... :)

Ever since I joined the blockchain (Steem back then), my belief in the future of cryptocurrency has grown exponentially. It is becoming the present as well. Reading stories like this gives me hope & as an avid curator & creator, I know I will reach my goals of being able to pay bills, etc as well....

This has been changing so many lives & once others have the right mindset & show up every day to make this happen, $LEO and other cryptocurrencies will continue to grow...

Sending tons of pixie dust & positive vibes your way! :) 🧡

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Thank you. One other aspect of earnings on this chain which can't be quantified is the knowledge. I knew virtually nothing about Blockchain, crypto and even website coding. I've learnt a lot in these three aspect over the last three years.

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Omg, you are not kidding. I had no clue about crypto either when I first came to Steem. I was active part time in stock trading so that piqued my curiosity as well as the people I was with...

The knowledge is one of the best aspects. Like you, I have grown on so many levels that I never would have if I hadn't come to the blockchain. It's definitely a life changer. :)🧡

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You are really an inspiring "usecase" for LEO authors/curators. The fact that you live in Nigeria makes it really worthwhile your time. But despite that, your 25k LEO are massively impressive. I have been able to get 9k mostly from hodling my original airdrop and occasionally write something on LEO. You have been grinding hard. Congratulations, you have earned it!

I am also fascinated by the numbers, as I am a numbers guy: $77 minimum wage and you earn $77.7 per month from curation. I earn $7.77 per hour after taxes in Germany. What must sound much for someone from Nigeria, is minimum wage over here and too little to rent an apartment if you live by yourself (because land-lords require 3x of the rent income per month and getting such a cheap rent is nearly impossible). Ironically, I have many Nigerian colleagues at work who all came over to Germany in the past years to have a better life here and now realize it is the same grind for them as in Nigeria, just with higher numbers. I assume many are sending at least some money to their family in Nigeria to support them, as it means much more in your country.

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You are really an inspiring "usecase" for LEO authors/curators.

Hearing words as this only inspires me to share more of my success stories. I have a lot of them. I have too experience failures but each time I'm glad that these successes which take a simple form outweighs the fails.


Looking at your reputation, one can tell that you're already a great content creator. The numbers grew with value.

I earn $7.77 per hour after taxes in Germany.

$7.77 per hour is amazing. That means working for 8 hours daily in Germany would afford you to employ one person in Nigeria for a month with minimum wage.

I have many Nigerian colleagues at work who all came over to Germany in the past years to have a better life here and now realize it is the same grind for them as in Nigeria, just with higher numbers. I assume many are sending at least some money to their family in Nigeria to support them, as it means much more in your country.

You are very right. Most of them won't even want to come home again. They would prefer to send help to their family members.


Your comment is full of encouragements. Thank you. I'll only work harder.

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Awesome man! You have done well posting content since you started as well as promoting LEO, keep up the good work.

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Thanks very much for the supports thus far. It gives me joy to see that my efforts are seen. I'll keep promoting Hive and related projects. Everyone around my locality know me as the crypto freak.

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great job turning a negative local economy into a positive success story.
best post I read today.
Thanks for sharing.

Keep posting, curating & staking.

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Yeah, we don't need to complain in life. We have every endowment in us to turn seemingly difficult times to something tangible.

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ooopsss... here you go ... 😃

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Thanks the "BIG" Lion of the LeoFinance community. I hope to reach your level of stake soon,...

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Boom! Quite impressive and inspiring.

Equally, I have a good tale to tell about the Hive blockchain in general and I will be sharing it soon as well. I will always prefer the business of cryptocurrency over a low-paying government job because the former is way more profitable should one be diligent and committed.

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When I read publications like this, I get inspired to strive better especially when it comes from a fellow Nigerian. To check your leo earnings, is it the same hivestats.io?

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@uyobong Nice one, I might try doing it for myself

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Hi @uyobong! I used to know you on steemit. That platform would have done a lot more if not for the sudden crash that happened then. I'm one of the beneficiaries of steemit then, although I didn't know about it early I was able to make over $1,500 then within 2 months or 3. Out of curiosity this morning, I came across @LeoFinance and I was quick to register having read a few reviews about the platform.

I will just go ahead to write my first post hoping something good could come out of it. However, is there any general or Nigerian community for Leo? I would like to join. I'm already on their discord tho.

Looking up to you dear!

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Congrats, man! You're doing a great job and it's inspiring to others! Keep it up and curate the hell out of this place!

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I just joined LeoFinance and reading your article makes me really excited about it's potential. Wish you even more success in the future.

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Still very impressing!!! Keep hustling!

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Such an amazing journey as a Leo believer you are doing great

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Thank you very much for the encouragement,

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Is pretty nice to hear about these stories. I make donations monthly through Kiva to people who want to start a business, my recent donation was to a woman who will start a water franchise; one day I will post something about this.

But yeah, I love people like you who want a better life through effort and hard work. Without noticing, you are changing your country for the better.

Keep going, man.

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Thanks very much for the words of encouragement. Great to know you're a charity worker. You could raise funds for your humanitarian projects through the #chary community. Here is the tribe link. I'll be glad to support you with my stakes there.

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That is so inspiring, I hope more people in other countries find this out. I didn't really think about the exchange rate of the dollar being a factor in your earnings.

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There would an enormous impact of crypto on humanity in third world and developing countries where life is hard. Nigeria and other African countries are a great gateway to impact the lives of people with crypto.

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Congrats mate ! This is just the beginning ! Long live @uyobong and its ventures ;)

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Thanks friend. You've been very supportive in this journey.

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what are the costs of living in Nigeria and how safe is it, do you know? :)

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I mentioned above. It takes a little below $100 for an average person to live well on a monthly basis.

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We need more content like this. Crypto is not just the future, it's the present.

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Crypto is not just the future, it's the present.

That line is deep. Many are seeing crypto in the periscope of future value. However, we're already receiving and making the impacts with crypto today.

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It is amazing to see how cryptocurrency are changing the world for better if I say a that can make $100 monthly in my country and another country people make in thousands of dollars monthly so I can make money live thousands of dollar using cryptocurrency without any restriction to bank for government it's really amazing this that

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The very good news is that these values would go 10x in the near future when we have mass adoption. We just have to consciously continue spreading the news.

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@uyobong Your success story inspires me a lot. I'll sure make the best of my time here in other to succeed & benefit from this platform as well.

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I see that your post is on fire! Keep up the great work!

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Thanks for the engagement. We move...

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The is awesome... good part of the token curation is that their is no minimum payout condition so if someone has 0.01 token that will also be get paid one time comes...
Thanks for sharing and for sure it is an inspersion of others also...

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Thanks for the comment. Soon, even 0.01 LEO would carry a huge value.

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These are some of the long term success stories that make it all worthwhile to get involved with cryptocurrency. I'm really pleased you've managed to find a way to make it work for you with posting and curating here, it's inspiring really! More success stories please - keep up the good vibes!

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Thanks very much for the kind words. I'll continue encouraging as many people as I meet online and offline to integrate crypto in their businesses and career.

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Hey @uyobong, here is a little bit of BEER from @pouchon for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

Thats really great

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