DUO is a Layer 2 token traded on Hive-Engine with features that make it a smart buy. I've known about it for a while, but I only saw its potential two days ago. This is because you need to stake 200 DUO to see all it has to offer. This may put many off buying it.
But I think it's a smart buy, and I won't give you any explanations, just some facts. Here they are.
Buying 200 DUO currently costs between 178 Hive and 120 Hive on the market.
If you have 200 DUO staked, you receive the following:
Daily dividends: 0.076 Hive x 365 = 27.74 Hive
One daily vote on your posts worth $0.038, with half of that being $0.019 for you, which is 0.076 x 365 = 27.74 Hive
Added together, we get 55.48 Hive per year.
This would give us the following possible returns based on our DUO purchase price:
55.48/120 = 31.16% Annual Return
55.48/120 = 46.23% Annual Return
Tell me if buying DUO isn't profitable.
https://ecency.com/pimp/@hive-193566/duo-white-paper
https://tribaldex.com/trade/DUO
https://hive-engine.com/trade/DUO
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Great post! DUO is a great investment that pays off very well. The more you hold, the better the rewards!
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Are there also benefits, if you have below 200 staked DUO token?
Benefits kick in at 200 staked DUO, then you get the daily Hive dividend and one daily curation on your quality posts. Then at 500 you also get the tip bot function, you can give a tip to someone else and in return you get the same amount back in your account as well!
Thanks for the information!
I love DUO! Also you can tip duo - which is just an awesome bonus. In my case that is another 1 DUO / day
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