Hi, everybody! Today, we will look at the 7 best cryptocurrencies for passive income! And how to increase passive income sources through these cryptocurrencies? Keep it locked because we show you how to increase your cryptocurrency earnings with minimal effort. Welcome to the “luxury side”. Click the “subscribe” button and turn on the notification, so you won’t miss more videos on that side.
If you are a newcomer, we like to be on our channel every day Play videos about a luxury lifestyle, cryptocurrency and money topics. Trading is a way to make money in the cryptocurrency industry. However, for amateur investors, buying low and selling high to make money is not a wise strategy. Despite spending countless hours learning the ins and outs of cryptocurrency trading, Keep up with everything that is happening in the rapidly evolving cryptocurrency market, but not There is no guarantee that you will receive a healthy return.
Fortunately, as cryptocurrency becomes more mainstream, it also Passive income Opened up the opportunity. The idea of creating passive income with cryptocurrency is without your active participation in the process You can make money 24/7. When we tell you about cryptocurrencies that can help you achieve this goal, stick with us.
1. Komodo (KMD) Komodo is a bit like a cryptocurrency revolution “Part Two”. The Komodo blockchain platform uses Komodos open-source cryptocurrency for transparency, Anonymous, private and fungible transactions. Then, through the delayed proof-of-work (dPoW) protocol, the blockchain using Bitcoin makes them super secure.
Komodo cryptocurrency is also the official currency of the SuperNET ecosystem. However, this is not pure profit, you need to keep your wallet open at all times. Instead, you only need to put Komodo in your wallet and move it once a year. Staking is the deposit of funds in a cryptocurrency wallet to support the blockchain network In the course of operation, in return, the holder’s contribution will be rewarded. This can be compared with earning interest in traditional banks. The annual rate of return is 5%, and you can start making money today.
2. BitMax (BTMX) BitMax is a popular exchange with A local coin called BTMX. Interestingly, Bitmax allows you to earn a certain percentage of exchange income. At the time of writing, the price of the Bitmax token is only 10 cents, the demand for the token Is growing.
After buying Bitmax coins, you can use the lock function of this exchange to lock Your coin (you can withdraw it anytime within 24 hours), then you will get USDT income. To do this, after buying Bitmax coins, go to the “Assets” page and click “Request lock.” Today’s BitMax token price is $0.065720, and the 24-hour trading volume is $1,746,968. In the past 24 hours, BitMax tokens have grown by 9.99%. The market value is $43,415,957. Its circulating supply is 660,615,274 Bitmax coins and the maximum number.
3. Tezos (XTZ) Tezos is a multi-purpose blockchain that uses equity Prove the agreement to protect its network. Token holders can delegate their accounts to validators, who will be responsible for protecting them on their behalf The internet. The user can then earn the generated reward minus the verifier’s fee.
When staking, you can get passive income by appointing to participate in the Tezos network. Currently, Tezos’ annual revenue is about 6%, minus validator fees. You can use the Staking Reward’s calculator to estimate your monthly income. When the delegation is first started, it takes about five weeks to receive The first reward for the validator. After that, you can get a reward every 3 days.
4. Cardano (ADA) Cardano is a proof-of-stake blockchain platform: The first platform based on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies for decentralized applications, systems and society Provides unparalleled safety and sustainability.
Now that Cardano’s Shelley update has finally been implemented on its mainnet, users, It is now possible to delegate its Cardano tokens to the stake pool. These mortgage pools process and secure transactions on Cardano’s blockchain. By entrusting tokens to these equity pools, the pool can be increased to be selected as a bulk producer Opportunities and increase the potential profit of the pool.
These chip pools will Encourage users to delegate Cardano to the pool by offering various rewards. This will naturally increase competition between different pools, which will help Increase the potential profit for users to delegate their tokens to them. 5 easy ways to earn passive income with Cardano; On Crypto Exchange or from your Crypto Wallet Purchase Cardano.
Download Daedalus Wallet or Yoroi Wallet to mortgage your coins Send your ADA coins to the wallet of your choice Put the coins into the many available One of the mortgage pools Sit back and enjoy passive income Click the “Subscribe” button and turn on the notification so you won’t miss more videos on that side.
5. KuCoin (KCS) KuCoin is a world-class blockchain asset exchange, Launched in mid-2017, due to its business model and market driving force, In 2018, it gained good attraction.
By holding this KuCoin share, you will receive a daily bonus/dividend called a KuCoin bonus. The bonus you receive is 50% of the transaction fee. Therefore, you can calculate if the number and number of coins traded on the KuCoin exchange has increased, Then the reward for holding KuCoin shares will also increase. Their annual income varies according to the exchange’s trading volume. Their change wallet is MyEtherWallet or any ERC-20 wallet.
6. NEO (NEO) NEO is a popular cryptocurrency, also known as China Ethereum. The market value is $18,527,956. NEO is also a cryptocurrency that exists on the NEO blockchain. In addition to the NEO cryptocurrency, NEO also has a system called GAS (formerly Encrypted tokens called ANC or Altcoins), You can put it into the NEO wallet to get rich returns. Moreover, it does not require cryptocurrency like other POS The same wallet that has been kept open.
But remember, there are only a few wallets that can allow you to apply for GAS, so you need to choose the right wallet To get GAS as dividends from here. One person’s return is in the form of NeoGAS, and each person is now worth $44.5. The annual income is approximately 5.5%. The lending wallet to be used is the NEON wallet.
7. Synthetix (SNX) With current prices around 18 $, Synthetix The network token-originally called Havven-is a decentralized finance (DEFI) project, Make blockchain smart personal transactions and chain investments in synthetic digital assets In a point-to-point way. Synthetix is one of the most unique and successful DeFi projects in encryption technology.
It consists of a decentralized exchange and an asset issuance platform built on Ethereum. Synthetix allows users to issue and trade these so-called synthetic assets, which are Representatives of real assets, such as cryptocurrency, fiat currency, stocks, commodities, and Almost anything of value. As part of keeping the system consistent, the platform also has a money-making plan (stakes).
Synthetix is the main token of the platform and is used to create synthetic assets (Synths). Synthetix stakeholders can buy Synthetix tokens from any cryptocurrency market and lock them In a compatible wallet. Once the Synthetix token is locked, it can be used to create new Synths. By casting Synths, you can get a small portion of the system debt pool. This debt pool accounts for the total value of all Synths in the system.
In addition, since the debt is based on the exchange rate and the supply of the synthesizer, So the fluctuation of the debt can be independent of the original value of the cast synthesizer. After obtaining Synthetix, please make sure to transfer it to the web3 wallet; either MetaMask, Trezor, General Ledger, WalletConnect, or Coinbase wallet. After putting SNX in the web3 wallet, please visit Mintr.
Mintr is a dApp that provides users with an intuitive interface for synthesizing Synths, Manage Synthetix and only participate in the general Synthetix ecosystem. Staking, holding and running the master node will be a great opportunity to make them Be able to get some of these cheap coins, and thus through regular dividends To get smart passive income.
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