Hello Everyone I want to tell you a little bit about other ways to make money in crypto, because it's easier to do it in a growing market.
Finding promising coins, analyzing projects, trading, holding etc. will not suit everyone. There are some less stressful ways.
Today we will look at a few alternative methods that can be your source of income in a rising market or even if it becomes stagnant.
1. DeFi: staking and liquidity pools
DeFi (Decentralized Finance) is one of the most popular ways to make money in the crypto space.
It includes two main tools:
Staking: freezing your cryptocurrencies to keep the blockchain running. You get rewarded for this in a percentage (usually between 5% and 15% per annum), which makes staking a great passive income option, especially during periods of market stagnation or "bottom".
You can receive rewards, for example, in Ethereum, which can potentially increase in value significantly, unlike a stable currency like USDT.
Liquidity pools: investing in funds that provide liquidity on cryptocurrency exchanges and for this, you get a share of the commissions that traders pay.
2. Ambassadorship in crypto projects
If you have skills in marketing, programming, understand how the market works, can do research or just like to communicate with people, you can become an ambassador for a crypto project.
Ambassadors perform various tasks related to the promotion and functioning of the project, and receive a reward in cryptocurrency for this.
You can start as a volunteer or on a paid basis, depending on your skills and experience.
3. Drophunting
This is searching for and participating in cryptocurrency giveaways from various projects. The projects offer rewards for performing different tasks, which it is possible, but not 100% guaranteed that you will get the reward.
The actions are as simple as possible and available to everyone: subscription to social networks, registration on the site, participation in polls, etc.
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