My post rewards Hive-engine is more than minimum wage in Nigeria

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There's no doubt that hive is changing the lives of people all over the world. However, for the most part, people like me that live in third-world countries tend to feel the effect the most due to a combination of issues.

First of all, in Nigeria for example, our taxation policies are a tad bit loose and crypto slips under the radar. This means that I can "cash-out" as much as I want and the only person I'll answer to is my bank.

Some banks are sneaky fucks that will snitch on you to the Central bank but the punishment for selling crypto for Naira is the closure of your account and banknotes handed to you in place of your money. Frankly speaking, that ain't so bad.

Anyway, in today's world where everyone spends their entire life online, there's not much else we can do but make the best out of our internet as well. So, yeah, we're third-world living but we're also maximising the opportunity that life presented to us.

Beating minimum wage

The minimum wage in Nigeria is about 33,000 Naira per month. If you convert it to dollars at the official rate of $1=410 Naira (which nobody uses), you get about $80. In reality, most people trade the dollar at an astonishing rate of $1=570, putting the minimum wage at around $58.

The discrepancy in the price is due to some issues that I can't put my finger on but I'm sure a retarded mistake is involved.

Anyway, for the sake of this post, let's go with the official rate and say that the lowest salary of everyone in Nigeria is at least #80 per month(@deraaa will tell you a different story though).

From about this time last month until today, I've been tracking my Hive-engine token earnings and it pleases me to say that I earn more than minimum wage in the second layer.

I know there are some tokens with limited liquidity and trading volume, so I didn't take them into consideration. In fact, I only took Leo, POB, SPT, Oneup, Cent, and CTP into my calculations.

Based on my calculations, I earned almost $200 worth of tokens since last month. That's over double the minimum wage around here and I think that's a pretty huge deal.

Don't get me wrong, I know $200 per month isn't enough to sustain life in most developed countries but when you consider that these are tokens I earned largely from using their tags, it's a big deal.

Reinvesting minimum wage

There's no week that passes that I don't participate in some form of staking or crypto investment. As I mentioned earlier, I don't have much of a choice.

Second layer tokens on hive are among my favourite to stake and curate with. I like the fact that I get to earn on multiple fronts with one action.

For example, only today, I staked some of the aforementioned tokens that I accumulated to calculate my monthly Hive-engine earnings. For now, they're just raindrops but that's how oceans are born, you know?

It's amazing

I guess what I'm trying to say in essence is that I'm able to manipulate and grow my crypto portfolio in volumes that I could only dream of in the past.

It's just amazing how much I've grown and as always, I'm eternally grateful to everyone that has contributed directly and indirectly to my growth.

I've become a better human and evolved my life into a thriving business that is capable of sustaining a small household. All I want for Christmas is to be an even better human, continue to grow, and learn new strategies that will lead to improvement.

Posted Using LeoFinance Beta

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(Edited)

i know many people live off 30 bucks a month and they all have smartphones .. we should let people pay for smartphones on lay away with hive bene rewards

Hive engine Nigerian minimum wage haha

When actual Nigeria actually joins hive holy fuck bro look at the videos of the cities folks haha its literaly the largest city on earth and almost everyone has a phone that can actually use hive hahahaha duuuuuude lolol hahaha

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This shows the power of cryptocurrency and that Hive can offer financial support for a decent living. And if you get more involved in it and extend your portfolio with second layer tokens and some DeFi, you can do quite well.

Posted Using LeoFinance Beta

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Thanks mate. I'll be trying out more platforms and taking more risks next year.

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Ok thats impressive and that the goal i want to achieve to have the power of my country minimum wage potential in a upvote. time to grind :)

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It's amazing that people in Nigeria are able to come to Hive and live better lives than working a shitty job. This also highlights the importance of Hive-Engine because a lot of Hive users don't mess with those tokens.

Posted Using LeoFinance Beta

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So, yeah, we're third-world living but we're also maximising the opportunity that life presented to us.

I am pakistani and I am true beneficiary of dollar price increase :)

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Glad things are working out for you friend

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Hmm supply and demand as more 3rd world citizens join web 3.0 style communities like Hive there will be less employees and eventually wages will need to rise???

This sounds better then donations to non profits supposedly wanting to help 3rd world people. Instead of giving money communities similar to hive are giving away work. We from more developed countries then should pat ourselves on the back for supporting this process.

Of course the next step is to rid ourselves of terms like developed countries and 3rd world countries. Coming to a planet near you global semi equality (semi because high stake holders no matter the country will be slightly above that equality line).

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We'd rather just live in the shadow of the law than work in Nigeria tbh.

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Only time i have received about $80 is here on Hive. Lol.

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I am an old man from America. I would never ever scoff at $200. That is awesome. There are so many people today online in many developed countries that have not yet made $50 in a month let alone $200.
Imagine what you will be making a year from now?

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It's really exciting. I'm trying not to think too far ahead, all I do is work with what is present and try to make it better today.

However, I hope that in one year, things will get even better for me. My goal is to be a capable of sustaining my life in most parts of the world, particularly during a beer market when asset prices drop.

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That is a good goal. Financial security is key to living a happy life 👍

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