We live in a world that runs on money! You need money to buy a house, to buy water, to buy food, to pay your taxes, to improve your health... Money runs and rules over almost all thing we have nowadays. It enslaves us to the current system. But people don't realize this...
People live their normal lives, wasting their money away in things that they don't need... in liabilities! They would rather buy a car that decreases in value the moment it leaves the car stand then to buy an asset, like a stock, a crypto, a bond, etc... that gives them passive income for the duration of the asset.
Passive income is freedom, freedom to choose what we want to do, freedom to choose when we want to do it, freedom from working a job that we don't want! Passive income is freedom! And this is what I'm going to look into today... passive income, to be more specific, STEEM passive income!
Where does STEEM fit into all of this? Well, STEEM provides passive income in many different ways.
Steem Power Hodler Inflation
If you hodl STEEM in the staked version, you get a percentage of the inflation straight to your SP wallet, this is passive income! You can get to a point in life where you hodl soo much Steem Power that you can live off of inflation...
Curation Rewards? But that is not passive... you must upvote posts to get the curation reward. No, you don't... I use Steemauto to auto upvote posts of people that I know write good content, I also use it to follow some curating trails of communities that I know provide good content, like the SteemStem trail, the Utopian Trail, the Curie trail, etc... This automates the whole process while also giving back to good, deserving members of the community.
Is this wrong? I don't consider it wrong since I know the people that I upvote on SteemAuto and I know that the trails that I follow only upvote good people. I can't be online 24/7 to upvote everyone that I want to. And even though I have many people on auto upvote, I still curate manually as much as I can and comment as much as I can.
There are countless projects that you can delegate to, that provide part of their revenue to the delegators, if I had to choose I would go with @ocdb, mainly because of the way they whitelist, they don't accept everyone straight away and the team behind the project goes person to person to see if the user should be accepted into the project.
This is the one that I'm most interested at the moment! Steem has one of the widest and most loyal user bases in all crypouniverse! One post about a certain game and with the help of resteems the whole community finds out about the game, and a large part of the community plays the game. STEEM has some of the most used dapps in the whole cryptosphere. Most of the new STEEM games are trying to provide passive income to the players.
Let's first look at Steemmonsters!
Steemmonster doesn't have any passive income system at the moment, one must play the game and finish the daily quest and league to get cards to sell. But this is about to change! Soon, there will be a market where any investor can just buy a card and delegate it to players for some STEEM, this will provide an almost passive income for years to come!
I've stopped selling my cards because of this system, I would rather keep them and delegate them to other players that want to play.
Profit since the game started and before the delegation market comes online: 6.251 STEEM, 0.199 SBD
MagicDice provides Magic Tokens to delegators, players and reestemers. These Magic Tokens provide part of the game's revenue to hodlers. I'm not much into gambling games, so I mainly just resteem their posts to get some Magic Tokens.
Lately, MagicDice has been the target of much controversy because of the way they changed their token distribution. Even though I don't agree with the way they changed their token distribution midgame, I'm just going to take the opportunity to acquire more Magic Tokens.
Profit since the game started: -1.481 STEEM
I don't consider DrugWars passive income because one does have to play the game to get STEEM in return, and the game already has anti-bot systems that prevent bots from playing the game. So, it's impossible to make it passive. Still, I'll add it here, maybe in the future they will provide a better passive income system to the players.
Profit since the game started: 4.254 STEEM
What I've been doing and future plans
I've been removing my profit from DrugWars and putting some of it on MagicDice while powering up the rest, mainly because I don't like the way DrugWars is going as a game, I would rather get more Magic Token or buy more Steemmonsters cards, I trust in the Steemmonsters vision for the future.
Even though I have other cryptos that give me passive income this post is only about STEEM and the many different ways that I know STEEM can be used for passive income.
Question of the day: Do you know of any other ways that STEEM can provide passive income?
Convert your Bitcoin to EUR/USD : Coinbase
Buy all kinds of Cryptocurrency: Binance
Join FreedomEX the first Steem Exchange where you can trade your Steem Tokens!: FreedomEX
Join Steemmonsters, one of the top dapps on blockchain: Stemmonsters
Join DrugWars : DrugWars