You may be forgiven for thinking this was a post about the Black Eyed Peas. And it is in a way. I am going to answer the question posed in the song, once and for all.
But first, hit play:
Another great tipping token that I have discovered is the $LUV token. This is a token that is traded on the Hive Engine and according to their post, you can tip as follows:
This means that once you hold at least 10 LUV tokens, you can summon the Luvbot and send some LUV!
The great thing about the LUV token is that it has held its value very well and is for sure worth tipping. Here is a view from the Hive Engine:
The highest bid price is 0,015309 and the lowest ask price is 0,1719484. So for a small investment of 0,1795 Hive, you can actually tip a whopping 8,9% of that to somebody straight off the bat at the bid price!!! You just cant get these types of returns outside of crypto and it makes the LUV token one of the best out there!!
I did some quick calculations of how much LUV you could give to others over the course of a week, month and year:
So with just 10 LUV tokens, you could give out over 5 Hive per year at the current bid price! This is a return of 3250% if my calculations are correct that you can give to others!!! This is a return I would take any day of the week and you can use it to give to others.
Let's see if it gets any better if you hold more LUV tokens.
Here we can see that if you give 3 LUV per day you can give over 16 Hive per year to the community. If you stack a full 750 it rises to an amazing 55 Hive per year!!
The investment required at ask price is 2,32 Hive and 12,89 Hive respectively. So it is a larger investment but with still some amazing returns that you are giving to people. The 3 per day LUV is a return of 241% which is amazing and the 10 LUV per day is still a very respectable 43%!
Therefore, to maximise giving returns, everyone should be holding at least 10 LUV and giving some LUV to the community each day! The cost is very small but the returns are huge!
I currently have 16 LUV and am working towards the 135 LUV needed to triple my LUV giving to the community.
To answer the question from the Black Eyed Peas, where is love? It's in the LUV token on Hive! Start spreading the !LUV now!
What do you think of the LUV token?
Thanks for reading.
Resources:
Title image created in Canva using image source
Details of the LUV token are here [here] by @luvshares (https://peakd.com/luv/@luvshares/about)
Excellent weekly stats of LUV can be found here by @achimmertens.
Let's connect:
Twitter: mypathtofire1
Noise.cash: mypathtofire
Discord: SteveHodl#6998
Affiliate Links:
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. Keep up the fantastic work
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