STEEM: The Epitome Of Multiple Streams Of Income

We all heard it over the years. To truly be financially successful, it is imperative to have multiple streams of income.

Those who depend solely on one stream, the paycheck, have a difficult time getting ahead. Part of the problem is the time for money concept. Another issue is that if that one dries up, there is nothing left.

STEEM is showing me at an ever increasing pace that there are so many "streams" on this blockchain. What is most exciting is that this is only going to grow as time passes. STEEM will be the epitome of the multiple streams of income concept.

Let us start with the opportunities with STEEM. For the sake of this post, I am going to presume that all STEEM ends up as SP.

We all know that we get paid when someone upvotes a post or comment we make. At the same time, when we upvote someone else, that vote has a value of which we receive a percentage.

Hence the idea of getting paid to post, comment, and upvote.

I posted the other day about Steem Dash. This is an app that allows one to enter his or her account and see the inflation rate grow in the account. STEEM presently has an inflation rate around 9%. To provide a bit of a hedge to people who "invest" in the STEEM blockchain by powering up, the system provides tokens at the rate of about 1.8% annually. This application allows one to see the pace of increase.

https://steembottracker.com/steemdash/?account=username

Joining curation trails such as @tribesteemup enable one to automate the process of earning from upvotes while also becoming part of a larger team. At the same time, timing the vote properly will get you in front of a larger upvote which will increase your curation payout.

For those who amass a bit of STEEM, you can delegate SP to others. Originally this was something where some opted to delegate STEEM in return of weekly payments from individuals. Of late, we are seeing a shift in the practice on here. The latest is that projects are being funded via delegation, with those applications offering a weekly payout.

@steemhunt used this to perfection. That group was able to get 1.5M SP by offering a percentage return to everyone to delegated. This delegation is being used to fund their start up costs.

@dtube is offering something similar. The difference is that @dtube pays in SP on a weekly basis whereas @steemhunt pays with the Hunt token.

@Dporn had a post last week that they are paying using both STEEM and their Bitshares based token for any delegation.

@steembasicincome has an interesting concept. With their system, individuals are able to buy shares for other people. A share costs one STEEM. What is nice about this approach is that two shares are issued; one to the purchaser and the other to the one he or she is buying for. While the payouts are not huge, they do upvote every post one makes. There is no end to the program so the payouts are ongoing. As long as one is posting, the @steembasicincome bot is upvoting.

Another recent way to make a little extra is to upvote people on @dtube. This application takes 25% of the payout on a post. Many application have this option and use it as a means to fund development. A few weeks ago, @dtube announced they were going to give that 25% back to curators. Hence, upvoting on that application will put a little more in your wallet.

@appics is the first application that will appear using the SMT protocol. This will have its own token (XAP) that was already created using the ERC20 protocol. This will be switched over when the SMT is released. At present, one is able to amass bounty points by spreading the word about @appics. This will translate into tokens. Also, when released, one will be able to earn XAP simply by being active on that application. Since it is a mobile app, it brings a new angle to this blockchain.

Finally, there is @steemhunt. This is the first application that offers payment in its soon to be SMT created token. By being active on their website, one is able to earn Hunt tokens. Hunters can also earn SBD for posts about their finds. This token is not released although they did set up a Ethereum based wallet system so people can earn now.

I am sure this is not a complete list but it does illustrate the point I am trying to make. Right now we have @appics and @steemhunt as SMTs we know will be on here. There are going to be more. There will come a day when we will have the option of earning hundreds of different tokens on this blockchain. Just look at the present applications and you can see how they each could create their own token.

While many of these streams will not make anyone rich, they do add to the wallet. The key is consistent earning over a long period of time. That is why all reasonable posts about success on the STEEM blockchain tend to discuss the idea of consistent activity and long-term focus.

With all the negativity and FUD being spread, long-term HODLers are best served spending 2018 accumulating tokens. Even if one is not in the position to buy STEEM, there are many different ways to get some flowing into your wallet. Over time, with continued effort, this will add up.

Look at it this way, since @steemhunt is airdropping a token for every SP in a wallet, each new SP earned also gets one a Hunt token. Double the tokens.

There are a lot of exciting things happening on the STEEM blockchain and this is only the beginning. Over the next couple years, I expect to see a continued explosion of development on here. This will only make this entire ecosystem more valuable.

If you found this article informative, please give it an upvote and resteem.

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