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WHAT TO EXPECT AFTER THE HALVING 📍
1. The Supply has been reduced so the price is going up.
2. Demand will Increase. As we all know once there is a limited supply the demand will always be high.
3. More Miners will be kicked out of business.
Miners will now have to earn as a more as they did before the halving to sustain their business so many who can’t cover their overheads will now have to close business and go do something else.
4. increased Adoption: lately we have seen more big financial institutions like Blackrock and co offering ETFs and other crypto investment opportunities to Their customers so more will follow suit as they see how profitable companies like Blackrock become.
5. Increase in the price of alternative coins like Ethereum and Co.
Once bitcoin becomes too priced people especially retail investors always buy Bitcoin alternatives that are low price so we will see a sudden increase in for other coins and these will impact the overall price of Altcoins.
How you've learned something today , for more educative post, #FollowAndRetweet , #Share2Earn
1. The Supply has been reduced so the price is going up.
2. Demand will Increase. As we all know once there is a limited supply the demand will always be high.
3. More Miners will be kicked out of business.
Miners will now have to earn as a more as they did before the halving to sustain their business so many who can’t cover their overheads will now have to close business and go do something else.
4. increased Adoption: lately we have seen more big financial institutions like Blackrock and co offering ETFs and other crypto investment opportunities to Their customers so more will follow suit as they see how profitable companies like Blackrock become.
5. Increase in the price of alternative coins like Ethereum and Co.
Once bitcoin becomes too priced people especially retail investors always buy Bitcoin alternatives that are low price so we will see a sudden increase in for other coins and these will impact the overall price of Altcoins.
How you've learned something today , for more educative post, #FollowAndRetweet , #Share2Earn
#Share2Earn
#binance
#binance
LIVE
Crypto Revolution Masters
--
Less than 2 days to Farm AEVO! LFG 🔥
Hey Folks, Tik Tok, Tik Tok, time is ticking. So far #AEVO. Farming is on fire and you have less than 4 hours to farm some. With $BNB over $500 now don't miss the Opportunity to stake yours and get some juicy Rewards for it.
Let's go again briefly about everything you need to know about #AEVO.
1. What is #AEVO.
I've made it simple for you. Just look at the below picture and you will find everything you need to know:
I love what Aevo are building. Their DEX works super smoothly and fast. Never got any issues using it!
2. #AEVO. #AEVO. personally for me. Oh well, Folks, I am pretty bullish on every single Project on Binance Launchpool. Same with #AEVO.
It was trading OTC around $0.25 - $0.30 and I am expecting atleast 10x on Listing and of course long term with the current Bull Cycle there is no limits where we can go but definitely patience always pays off in Crypto so the key for success is to hold!
3. How to Farm 🚜
Well that's the easiest thing out there. Less than 48 hours to do it in 2 different ways!
🔥 Stake your $BNB and farm:
https://launchpad.binance.com/en/launchpool/AEVO_BNB
🔥 Stake your $FDUSD and farm:
https://launchpad.binance.com/en/launchpool/AEVO_FDUSD
AEVO Socials:
👉 Website: https://www.aevo.xyz/
👉 Whitepaper: https://docs.aevo.xyz/aevo-exchange/introduction
👉 X: https://twitter.com/aevoxyz
👉 Discord: https://discord.com/invite/aevo
👉 Medium: https://aevo.mirror.xyz/
Happy Farming 🚜🚜🚜
#AEVOLAUNCHPOOL
Let's go again briefly about everything you need to know about #AEVO.
1. What is #AEVO.
I've made it simple for you. Just look at the below picture and you will find everything you need to know:
I love what Aevo are building. Their DEX works super smoothly and fast. Never got any issues using it!
2. #AEVO. #AEVO. personally for me. Oh well, Folks, I am pretty bullish on every single Project on Binance Launchpool. Same with #AEVO.
It was trading OTC around $0.25 - $0.30 and I am expecting atleast 10x on Listing and of course long term with the current Bull Cycle there is no limits where we can go but definitely patience always pays off in Crypto so the key for success is to hold!
3. How to Farm 🚜
Well that's the easiest thing out there. Less than 48 hours to do it in 2 different ways!
🔥 Stake your $BNB and farm:
https://launchpad.binance.com/en/launchpool/AEVO_BNB
🔥 Stake your $FDUSD and farm:
https://launchpad.binance.com/en/launchpool/AEVO_FDUSD
AEVO Socials:
👉 Website: https://www.aevo.xyz/
👉 Whitepaper: https://docs.aevo.xyz/aevo-exchange/introduction
👉 X: https://twitter.com/aevoxyz
👉 Discord: https://discord.com/invite/aevo
👉 Medium: https://aevo.mirror.xyz/
Happy Farming 🚜🚜🚜
#AEVOLAUNCHPOOL
Rich Dad: Prepare for the biggest collapse in history...gold to 1,200 and Bitcoin to 100,000
The author of the famous book "Rich Dad Poor Dad", Robert Kiyosaki, predicted that Bitcoin and silver would rise, while gold would fall below $1,200. He urges investors to prepare for “the biggest collapse in history,” which he predicted in his book years ago.
Kiyosaki stressed that the Federal Reserve is "destroying" the US economy, and advised: "Instead of trusting the Fed, I would rather trust gold, silver, and bitcoin."
Robert Kiyosaki predicts that Bitcoin will take off
The Rich Dad author returned to the social media platform 'X' the past few days to express his renewed concerns about the US economy while making predictions about gold, silver and Bitcoin.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lichter. The book has been on the bestseller list for more than six years. More than 32 million copies of the book have been sold in more than 51 languages in more than 109 countries.
“Who will buy US bonds?” Kiyosaki wrote, adding: “Banks are buying gold, not US debt.” How would America function without money? How would the world function without money? What would you do without money? The famous writer continued:
"Gold will likely collapse below $1,200. Silver will rise, as will Bitcoin."
$BTC #Write2Earn #TrendingTopic #Share2Earn
The author of the famous book "Rich Dad Poor Dad", Robert Kiyosaki, predicted that Bitcoin and silver would rise, while gold would fall below $1,200. He urges investors to prepare for “the biggest collapse in history,” which he predicted in his book years ago.
Kiyosaki stressed that the Federal Reserve is "destroying" the US economy, and advised: "Instead of trusting the Fed, I would rather trust gold, silver, and bitcoin."
Robert Kiyosaki predicts that Bitcoin will take off
The Rich Dad author returned to the social media platform 'X' the past few days to express his renewed concerns about the US economy while making predictions about gold, silver and Bitcoin.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lichter. The book has been on the bestseller list for more than six years. More than 32 million copies of the book have been sold in more than 51 languages in more than 109 countries.
“Who will buy US bonds?” Kiyosaki wrote, adding: “Banks are buying gold, not US debt.” How would America function without money? How would the world function without money? What would you do without money? The famous writer continued:
"Gold will likely collapse below $1,200. Silver will rise, as will Bitcoin."
$BTC #Write2Earn #TrendingTopic #Share2Earn
#Share2Earn #binance
LIVE
Crypto Revolution Masters
--
Watch my video for everything AEVO - From how to farm it on Binance Launchpool to how to use AEVO DEX. And dont forget I am pretty bullish on whats coming from AEVO Team! #AEVOLAUNCHPOOL
Worst month since 2022 bear market? 5 things to know in Bitcoin this week
Bitcoin $BTC heads into the April monthly close on an uncertain footing as BTC price action falls to 10-day lows.
The largest cryptocurrency continues to tread water beneath significant resistance levels after a week of sustained selling during Wall Street trading hours.
The April candle close has just days left to avoid becoming Bitcoin’s worst month of 2024 so far.
The immediate landscape remains problematic — seller interest between the spot price and new all-time highs is considerable, and while price discovery is only around $12,000 away, such levels seem firmly out of reach.
The weekly close provided little respite for battered Bitcoin traders as BTC/USD continued dropping into the Asia session.
Hitting lows of $61,943 on Bitstamp, per data from Cointelegraph Markets Pro and TradingView, the pair thus saw its lowest levels since April 19.
The week prior, relief bounces toward $65,000 had repeatedly encountered selling pressure around the Wall Street open which commentators including popular trader Skew attributed to U.S. automated trading algorithms.
“I do see the potential for longer crab between $67K - $58K till proper flow supported breakout,” he continued in fresh analysis on X on April 29.
Bears have so far failed to keep the market below $60,000 for long. Even at current levels around $62,000, however, April is on track to deliver more than 12% losses.
Data from monitoring resource CoinGlass confirms that this would make it Bitcoin’s worst-performing month since November 2022 — the height of the latest bear market.
Skew continued that wherever it ends up, the monthly close would form a key new BTC price focus in its own right.
“1M close is in 2days roughly, following that close monthly & weekly open will act as very pivotal levels,” he wrote, describing one-month timeframes as “not bad at all” and reiterating the significance of $58,000 as support.
#Bitcoin #BinanceLaunchpool #Megadrop #Crypto #Share2Earn
Bitcoin $BTC heads into the April monthly close on an uncertain footing as BTC price action falls to 10-day lows.
The largest cryptocurrency continues to tread water beneath significant resistance levels after a week of sustained selling during Wall Street trading hours.
The April candle close has just days left to avoid becoming Bitcoin’s worst month of 2024 so far.
The immediate landscape remains problematic — seller interest between the spot price and new all-time highs is considerable, and while price discovery is only around $12,000 away, such levels seem firmly out of reach.
The weekly close provided little respite for battered Bitcoin traders as BTC/USD continued dropping into the Asia session.
Hitting lows of $61,943 on Bitstamp, per data from Cointelegraph Markets Pro and TradingView, the pair thus saw its lowest levels since April 19.
The week prior, relief bounces toward $65,000 had repeatedly encountered selling pressure around the Wall Street open which commentators including popular trader Skew attributed to U.S. automated trading algorithms.
“I do see the potential for longer crab between $67K - $58K till proper flow supported breakout,” he continued in fresh analysis on X on April 29.
Bears have so far failed to keep the market below $60,000 for long. Even at current levels around $62,000, however, April is on track to deliver more than 12% losses.
Data from monitoring resource CoinGlass confirms that this would make it Bitcoin’s worst-performing month since November 2022 — the height of the latest bear market.
Skew continued that wherever it ends up, the monthly close would form a key new BTC price focus in its own right.
“1M close is in 2days roughly, following that close monthly & weekly open will act as very pivotal levels,” he wrote, describing one-month timeframes as “not bad at all” and reiterating the significance of $58,000 as support.
#Bitcoin #BinanceLaunchpool #Megadrop #Crypto #Share2Earn
click and share
share usdt 🎁🎁🎁
#TrendingTopic #usdt #Share2Earn #Launchpool #BTC
@Mofassair @jiucalliance @Pepecoin @Bullionsit @Fransisca Maxon sV0B @Olen Jolley Qlen @Anum_Rizwan @1CryptoMama @maahi crypto @Juan Ju @Fransisca Maxon sV0B @hind_aljasser @币圈 v @M @Memecoin
share usdt 🎁🎁🎁
#TrendingTopic #usdt #Share2Earn #Launchpool #BTC
@Mofassair @jiucalliance @Pepecoin @Bullionsit @Fransisca Maxon sV0B @Olen Jolley Qlen @Anum_Rizwan @1CryptoMama @maahi crypto @Juan Ju @Fransisca Maxon sV0B @hind_aljasser @币圈 v @M @Memecoin
Hey, have you heard of block network where you can get 20,000 Block after signing up?
And mine 800 Block Tokens after every 30 mins.
You can withdraw to your OKX Exchange Wallet when it gets to 80,000 Block Network Tokens.
Use the link in the comments section to get your 20,000 Block network token
It has been listed on OKX and launching date is June 15th when it can then be swapped to USDT or any other token mentioned.
Every withdrawal takes 24hrs to be delivered to your wallet.
As you can see, this is the Screenshot showing my OKX Wallet Balance and My Block Withdrawal So Far.
You have nothing to loose anyway because you are not buying. Please don't forget to Follow for more updates! #Write2Earn! #Share2Earn #altcoins #Megadrop #BTC☀
And mine 800 Block Tokens after every 30 mins.
You can withdraw to your OKX Exchange Wallet when it gets to 80,000 Block Network Tokens.
Use the link in the comments section to get your 20,000 Block network token
It has been listed on OKX and launching date is June 15th when it can then be swapped to USDT or any other token mentioned.
Every withdrawal takes 24hrs to be delivered to your wallet.
As you can see, this is the Screenshot showing my OKX Wallet Balance and My Block Withdrawal So Far.
You have nothing to loose anyway because you are not buying. Please don't forget to Follow for more updates! #Write2Earn! #Share2Earn #altcoins #Megadrop #BTC☀
Why are people who haven't studied #BTC🔥🔥🔥🔥 trying to predict where Bitcoin is going?
The level of incompetence here is criminal
"We have some time left (maybe a few months)"
Isn't it crazy how advisors are so uninformed that they don't know the halving is in April and that ETFs are buying ~10,000 BTC per day?
This is one of the people who won't start studying until 1 BTC = $1M+ 🤣🤣🤣🤣
Wall Street JUST gave Bitcoin its stamp of approval 2 months ago
"This is a pending top signal"
Some people should stay away from giving financial guidance publicly
#HotTrends
#Share2Earn
#Write2Erarn
The level of incompetence here is criminal
"We have some time left (maybe a few months)"
Isn't it crazy how advisors are so uninformed that they don't know the halving is in April and that ETFs are buying ~10,000 BTC per day?
This is one of the people who won't start studying until 1 BTC = $1M+ 🤣🤣🤣🤣
Wall Street JUST gave Bitcoin its stamp of approval 2 months ago
"This is a pending top signal"
Some people should stay away from giving financial guidance publicly
#HotTrends
#Share2Earn
#Write2Erarn
Openfebric Network #OFN also offers a unique #Share2Earn program, where you can earn rewards by sharing our platform with others and expanding our community. Additionally, our #Learn2Earn initiative provides educational resources and training to enhance your trading skills and knowledge, helping you maximize your earning potential. With #OFN you have the tools and opportunities to achieve financial independence and success. Join us now and unlock a world of possibilities for earning and growth
#Share2Earn
LFG 🔥🔥
LFG 🔥🔥
LIVE
Crypto Revolution Masters
--
Less than 2 days to Farm AEVO! LFG 🔥
Hey Folks, Tik Tok, Tik Tok, time is ticking. So far #AEVO. Farming is on fire and you have less than 4 hours to farm some. With $BNB over $500 now don't miss the Opportunity to stake yours and get some juicy Rewards for it.
Let's go again briefly about everything you need to know about #AEVO.
1. What is #AEVO.
I've made it simple for you. Just look at the below picture and you will find everything you need to know:
I love what Aevo are building. Their DEX works super smoothly and fast. Never got any issues using it!
2. #AEVO. #AEVO. personally for me. Oh well, Folks, I am pretty bullish on every single Project on Binance Launchpool. Same with #AEVO.
It was trading OTC around $0.25 - $0.30 and I am expecting atleast 10x on Listing and of course long term with the current Bull Cycle there is no limits where we can go but definitely patience always pays off in Crypto so the key for success is to hold!
3. How to Farm 🚜
Well that's the easiest thing out there. Less than 48 hours to do it in 2 different ways!
🔥 Stake your $BNB and farm:
https://launchpad.binance.com/en/launchpool/AEVO_BNB
🔥 Stake your $FDUSD and farm:
https://launchpad.binance.com/en/launchpool/AEVO_FDUSD
AEVO Socials:
👉 Website: https://www.aevo.xyz/
👉 Whitepaper: https://docs.aevo.xyz/aevo-exchange/introduction
👉 X: https://twitter.com/aevoxyz
👉 Discord: https://discord.com/invite/aevo
👉 Medium: https://aevo.mirror.xyz/
Happy Farming 🚜🚜🚜
#AEVOLAUNCHPOOL
Let's go again briefly about everything you need to know about #AEVO.
1. What is #AEVO.
I've made it simple for you. Just look at the below picture and you will find everything you need to know:
I love what Aevo are building. Their DEX works super smoothly and fast. Never got any issues using it!
2. #AEVO. #AEVO. personally for me. Oh well, Folks, I am pretty bullish on every single Project on Binance Launchpool. Same with #AEVO.
It was trading OTC around $0.25 - $0.30 and I am expecting atleast 10x on Listing and of course long term with the current Bull Cycle there is no limits where we can go but definitely patience always pays off in Crypto so the key for success is to hold!
3. How to Farm 🚜
Well that's the easiest thing out there. Less than 48 hours to do it in 2 different ways!
🔥 Stake your $BNB and farm:
https://launchpad.binance.com/en/launchpool/AEVO_BNB
🔥 Stake your $FDUSD and farm:
https://launchpad.binance.com/en/launchpool/AEVO_FDUSD
AEVO Socials:
👉 Website: https://www.aevo.xyz/
👉 Whitepaper: https://docs.aevo.xyz/aevo-exchange/introduction
👉 X: https://twitter.com/aevoxyz
👉 Discord: https://discord.com/invite/aevo
👉 Medium: https://aevo.mirror.xyz/
Happy Farming 🚜🚜🚜
#AEVOLAUNCHPOOL
How to farm $ETHFI on #Binance Launchpool:
1. Stake #BNB and #FDUSD
2. Earn free crypto
Simple as that.
#Share2Earn
1. Stake #BNB and #FDUSD
2. Earn free crypto
Simple as that.
#Share2Earn
If you ever noticed that #meme coin #DOGE is moving parallel with #bitcoin .. If bitcoin varies 1% then #dogecoin varies up to6-7%.
It is really satisfactory to inverst in doge instead of btc. #Share2Earn
It is really satisfactory to inverst in doge instead of btc. #Share2Earn
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Binance Academy
--
A Beginner's Guide to Earning Passive Income With Crypto
What is passive income?
Trading or investing in projects is one way to make money in the blockchain industry. However, that typically requires detailed research and a substantial investment of time – but it still won’t guarantee a reliable source of income.
Even the best investors can experience prolonged periods of loss, and one of the ways to survive them is to have alternative sources of income.
There are other methods than trading or investing that can help you increase your cryptocurrency holdings. These can pay ongoing income similar to earning interest, but only require some effort to set up and little or no effort to maintain.
This way, you can have several streams of income that, in combination with each other, can add up to a significant amount.
This article will go through some of the ways that you can earn a passive income with crypto.
What are the ways you can earn passive income with crypto?
Mining
Mining essentially means using computing power to secure a network to receive a reward. Although it does not require you to have cryptocurrency holdings, it is the oldest method of earning passive income in the cryptocurrency space.
In the early days of Bitcoin, mining on an everyday Central Processing Unit (CPU) was a viable solution. As the network hash rate increased, most of the miners shifted to using more powerful Graphics Processing Units (GPUs). As the competition increased even more, it has almost exclusively become the playing field of Application-Specific Integrated Circuits (ASICs) - electronics that use mining chips tailor-made for this specific purpose.
The ASIC industry is very competitive and dominated by corporations with significant resources available to deploy on research and development. By the time these chips arrive on the retail market, they are likely already outdated and would take a considerable amount of mining time to break-even.
As such, Bitcoin mining has mostly become a corporate business rather than a viable source of passive income for an average individual.
On the other hand, mining lower hash rate Proof of Work coins can still be a profitable venture for some. On these networks, using GPUs can still be viable. Mining lesser-known coins carries a higher potential reward, but comes with higher risk. The mined coins might become worthless overnight, carry little liquidity, experience a bug, or see themselves hindered by many other factors.
It is worth noting that setting up and maintaining mining equipment requires an initial investment and some technical expertise.
Staking
Staking is essentially a less resource-intensive alternative to mining. It usually involves keeping funds in a suitable wallet and performing various network functions (such as validating transactions) to receive staking rewards. The stake (meaning the token holding) incentivizes the maintenance of the network’s security through ownership.
Staking networks use Proof of Stake as their consensus algorithm. Other versions of it exist, such as Delegated Proof of Stake or Leased Proof of Stake.
Typically, staking involves setting up a staking wallet and simply holding the coins. In some cases, the process involves adding or delegating funds to a staking pool. Some exchanges will do this for you. All you have to do is keep your tokens on the exchange and all the technical requirements will be taken care of.
Staking can be an excellent way to increase your cryptocurrency holdings with minimal effort. However, some staking projects employ tactics that artificially inflate the projected staking returns rate. It is essential to investigate token economics models as they can effectively mitigate promising staking reward projections.
Binance Staking supports a wide variety of coins that will earn you staking rewards. Simply deposit the coins on Binance and follow the guide to get started.
Lending
Lending is a completely passive way to earn interest in your cryptocurrency holdings. There are many peer-to-peer (P2P) lending platforms that allow you to lock up your funds for a period of time to later collect interest payments. The interest rate can either be fixed (set by the platform) or set by you based on the current market rate.
Some exchanges with margin trading have this feature implemented natively on their platform.
This method is ideal for long-term holders who want to increase their holdings with little effort required. It is worth noting that locking funds in a smart contract always carries the risk of bugs.
Binance Earn offers a variety of options that let you earn interest in your holdings.
Running a Lightning node
The Lightning Network is a second-layer protocol that runs on top of a blockchain, such as Bitcoin. It is an off-chain micropayment network, which means that it can be used for fast transactions that aren’t immediately transferred to the underlying blockchain.
Typical transactions on the Bitcoin network are one-directional, meaning that if Alice sends a bitcoin to Bob, Bob cannot use the same payment channel to send that coin back to Alice. The Lightning Network, however, uses bidirectional channels that require the two participants to agree on the terms of the transaction beforehand.
Lightning nodes provide liquidity and increase the capacity of the Lightning Network by locking up bitcoin into payment channels. They then collect the fees of the payments running through their channels.
Running a Lightning node can be a challenge for a non-technical bitcoin holder, and the rewards heavily depend on the overall adoption of the Lightning Network.
Affiliate programs
Some crypto businesses will reward you for getting more users onto their platform. These include affiliate links, referrals, or some other discount offered to new users that are introduced to the platform by you.
If you have a larger social media following, affiliate programs can be an excellent way to earn some side income. However, to avoid spreading the word on low-quality projects, it is always worth doing some research on the services beforehand.
If you are interested in earning passive income with Binance, join the Binance Affiliate Program and get rewarded when you introduce the world to Binance!
Masternodes
In simple terms, a masternode is similar to a server but is one that runs in a decentralized network and has functionality that other nodes on the network do not.
Token projects tend to give out special privileges only to actors who have a high incentive in maintaining network stability. Masternodes typically require a sizable upfront investment and a considerable amount of technical expertise to set up.
For some masternodes, however, the requirement of token holding can be so high that it effectively makes the stake illiquid. Projects with masternodes also tend to inflate the projected return rates, so it is always essential to Do Your Own Research (DYOR) before investing in one.
Forks and airdrops
Taking advantage of a hard fork is a relatively straightforward tactic for investors. It merely requires holding the forked coins at the date of the hard fork (usually determined by block height). If there are two or more competing chains after the fork, the holder will have a token balance on each one.
Airdrops are similar to forks, in that they only require ownership of a wallet address at the time of the airdrop. Some exchanges will do airdrops for their users. Note that receiving an airdrop will never require the sharing of private keys - a condition that is a telltale sign of a scam.
Blockchain-based content creation platforms
The advent of distributed ledger technologies has enabled many new types of content platforms. These allow content creators to monetize their content in several unique ways and without the inclusion of intrusive ads.
In such a system, content creators maintain ownership of their creations and usually monetize attention in some way. This can require a lot of work initially but can provide a steady source of income once a more substantial backlog of content is ready.
What are the risks of earning passive income with crypto?
Buying a low-quality asset: Artificially inflated or misleading return rates can lure investors into purchasing an asset that otherwise holds very little value. Some staking networks adopt a multi-token system where the rewards are paid in a second token, which creates constant sell pressure for the reward token.
User error: As the blockchain industry is still in its infancy, setting up and maintaining these sources of income requires technical expertise and an investigative mindset. For some holders, it might be best to wait until these services become more user-friendly, or only use ones that require minimal technical competence.
Lockup periods: Some lending or staking methods require you to lock up your funds for a set amount of time. This makes your holdings effectively illiquid for that time, leaving you vulnerable for any event that may negatively impact the price of your asset.
Risk of bugs: Locking up your tokens in a staking wallet or a smart contract always carries the risk of bugs. Usually, there are multiple choices available with various degrees of quality. It is imperative to research these choices before committing to one. Open-source software might be a good starting point, as those options are at the very least audited by the community.
Closing thoughts
Ways to generate passive income in the blockchain industry are growing and gaining popularity. Blockchain businesses have also been adopting some of these methods, providing services commonly referred to as generalized mining.
As the products are getting more reliable and secure, they might soon become a valid option for a steady source of income.
Trading or investing in projects is one way to make money in the blockchain industry. However, that typically requires detailed research and a substantial investment of time – but it still won’t guarantee a reliable source of income.
Even the best investors can experience prolonged periods of loss, and one of the ways to survive them is to have alternative sources of income.
There are other methods than trading or investing that can help you increase your cryptocurrency holdings. These can pay ongoing income similar to earning interest, but only require some effort to set up and little or no effort to maintain.
This way, you can have several streams of income that, in combination with each other, can add up to a significant amount.
This article will go through some of the ways that you can earn a passive income with crypto.
What are the ways you can earn passive income with crypto?
Mining
Mining essentially means using computing power to secure a network to receive a reward. Although it does not require you to have cryptocurrency holdings, it is the oldest method of earning passive income in the cryptocurrency space.
In the early days of Bitcoin, mining on an everyday Central Processing Unit (CPU) was a viable solution. As the network hash rate increased, most of the miners shifted to using more powerful Graphics Processing Units (GPUs). As the competition increased even more, it has almost exclusively become the playing field of Application-Specific Integrated Circuits (ASICs) - electronics that use mining chips tailor-made for this specific purpose.
The ASIC industry is very competitive and dominated by corporations with significant resources available to deploy on research and development. By the time these chips arrive on the retail market, they are likely already outdated and would take a considerable amount of mining time to break-even.
As such, Bitcoin mining has mostly become a corporate business rather than a viable source of passive income for an average individual.
On the other hand, mining lower hash rate Proof of Work coins can still be a profitable venture for some. On these networks, using GPUs can still be viable. Mining lesser-known coins carries a higher potential reward, but comes with higher risk. The mined coins might become worthless overnight, carry little liquidity, experience a bug, or see themselves hindered by many other factors.
It is worth noting that setting up and maintaining mining equipment requires an initial investment and some technical expertise.
Staking
Staking is essentially a less resource-intensive alternative to mining. It usually involves keeping funds in a suitable wallet and performing various network functions (such as validating transactions) to receive staking rewards. The stake (meaning the token holding) incentivizes the maintenance of the network’s security through ownership.
Staking networks use Proof of Stake as their consensus algorithm. Other versions of it exist, such as Delegated Proof of Stake or Leased Proof of Stake.
Typically, staking involves setting up a staking wallet and simply holding the coins. In some cases, the process involves adding or delegating funds to a staking pool. Some exchanges will do this for you. All you have to do is keep your tokens on the exchange and all the technical requirements will be taken care of.
Staking can be an excellent way to increase your cryptocurrency holdings with minimal effort. However, some staking projects employ tactics that artificially inflate the projected staking returns rate. It is essential to investigate token economics models as they can effectively mitigate promising staking reward projections.
Binance Staking supports a wide variety of coins that will earn you staking rewards. Simply deposit the coins on Binance and follow the guide to get started.
Lending
Lending is a completely passive way to earn interest in your cryptocurrency holdings. There are many peer-to-peer (P2P) lending platforms that allow you to lock up your funds for a period of time to later collect interest payments. The interest rate can either be fixed (set by the platform) or set by you based on the current market rate.
Some exchanges with margin trading have this feature implemented natively on their platform.
This method is ideal for long-term holders who want to increase their holdings with little effort required. It is worth noting that locking funds in a smart contract always carries the risk of bugs.
Binance Earn offers a variety of options that let you earn interest in your holdings.
Running a Lightning node
The Lightning Network is a second-layer protocol that runs on top of a blockchain, such as Bitcoin. It is an off-chain micropayment network, which means that it can be used for fast transactions that aren’t immediately transferred to the underlying blockchain.
Typical transactions on the Bitcoin network are one-directional, meaning that if Alice sends a bitcoin to Bob, Bob cannot use the same payment channel to send that coin back to Alice. The Lightning Network, however, uses bidirectional channels that require the two participants to agree on the terms of the transaction beforehand.
Lightning nodes provide liquidity and increase the capacity of the Lightning Network by locking up bitcoin into payment channels. They then collect the fees of the payments running through their channels.
Running a Lightning node can be a challenge for a non-technical bitcoin holder, and the rewards heavily depend on the overall adoption of the Lightning Network.
Affiliate programs
Some crypto businesses will reward you for getting more users onto their platform. These include affiliate links, referrals, or some other discount offered to new users that are introduced to the platform by you.
If you have a larger social media following, affiliate programs can be an excellent way to earn some side income. However, to avoid spreading the word on low-quality projects, it is always worth doing some research on the services beforehand.
If you are interested in earning passive income with Binance, join the Binance Affiliate Program and get rewarded when you introduce the world to Binance!
Masternodes
In simple terms, a masternode is similar to a server but is one that runs in a decentralized network and has functionality that other nodes on the network do not.
Token projects tend to give out special privileges only to actors who have a high incentive in maintaining network stability. Masternodes typically require a sizable upfront investment and a considerable amount of technical expertise to set up.
For some masternodes, however, the requirement of token holding can be so high that it effectively makes the stake illiquid. Projects with masternodes also tend to inflate the projected return rates, so it is always essential to Do Your Own Research (DYOR) before investing in one.
Forks and airdrops
Taking advantage of a hard fork is a relatively straightforward tactic for investors. It merely requires holding the forked coins at the date of the hard fork (usually determined by block height). If there are two or more competing chains after the fork, the holder will have a token balance on each one.
Airdrops are similar to forks, in that they only require ownership of a wallet address at the time of the airdrop. Some exchanges will do airdrops for their users. Note that receiving an airdrop will never require the sharing of private keys - a condition that is a telltale sign of a scam.
Blockchain-based content creation platforms
The advent of distributed ledger technologies has enabled many new types of content platforms. These allow content creators to monetize their content in several unique ways and without the inclusion of intrusive ads.
In such a system, content creators maintain ownership of their creations and usually monetize attention in some way. This can require a lot of work initially but can provide a steady source of income once a more substantial backlog of content is ready.
What are the risks of earning passive income with crypto?
Buying a low-quality asset: Artificially inflated or misleading return rates can lure investors into purchasing an asset that otherwise holds very little value. Some staking networks adopt a multi-token system where the rewards are paid in a second token, which creates constant sell pressure for the reward token.
User error: As the blockchain industry is still in its infancy, setting up and maintaining these sources of income requires technical expertise and an investigative mindset. For some holders, it might be best to wait until these services become more user-friendly, or only use ones that require minimal technical competence.
Lockup periods: Some lending or staking methods require you to lock up your funds for a set amount of time. This makes your holdings effectively illiquid for that time, leaving you vulnerable for any event that may negatively impact the price of your asset.
Risk of bugs: Locking up your tokens in a staking wallet or a smart contract always carries the risk of bugs. Usually, there are multiple choices available with various degrees of quality. It is imperative to research these choices before committing to one. Open-source software might be a good starting point, as those options are at the very least audited by the community.
Closing thoughts
Ways to generate passive income in the blockchain industry are growing and gaining popularity. Blockchain businesses have also been adopting some of these methods, providing services commonly referred to as generalized mining.
As the products are getting more reliable and secure, they might soon become a valid option for a steady source of income.
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🚀 Telegram Launches Telegram Stars on TON Blockchain for Digital Payments
Telegram has introduced Telegram Stars, an internal currency on the TON blockchain, to facilitate payments for digital products in bots and apps. This new feature aims to streamline transactions and enhance the user experience within the Telegram ecosystem.
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Telegram has introduced Telegram Stars, an internal currency on the TON blockchain, to facilitate payments for digital products in bots and apps. This new feature aims to streamline transactions and enhance the user experience within the Telegram ecosystem.
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Bitcoin (BTC) Price Resurgence, Binance Coin (BNB) Hits a New ATH, and Meme Coins Fiesta: Bits Re...
TL;DR
Bitcoin surged to $71,700 amid record inflows into US spot Bitcoin ETFs.
BNB hit an all-time high of $710, surpassing major companies’ market caps, with forecasts suggesting it could reach $1,000.
Floki Inu’s market capitalization peaked at over $3.2 billion before a slight retracement.
BTC Headed North Again
The price of the primary cryptocurrency has been on an uptrend in the past few days, rising to as high as $71,700 on June 5. Currently, it hovers the $71,000 mark (per CoinGecko’s data), representing an 11% increase on a monthly scale.
The resurgence coincided with record figures related to spot Bitcoin ETFs in the USA. Those products witnessed a total inflow of almost $900 million yesterday, the second-best day since their approval in January.
Numerous analysts believe BTC could soar even higher in the near future, assuming certain factors are in place. The X user, Captain Faibik, predicted a rise above $90,000 should the asset surpass the “crucial resistance level” of $71,300.
On the other hand, Ali Martinez assumed that a pullback is not out of the cards based on the TD sequential, which presents a sell signal on the four-hour chart. This technical analysis tool identifies potential price exhaustion points in the market and indicates when a trend is likely to reverse.
Still, the X user thinks a fresh uptrend could eventually follow the potential setback.
BNB’s Success
The native token of Binance—BNB—has been making the headlines recently. Its price exploded to an ATH of $710 on June 5, while its market capitalization touched the $110 billion mark. Thus, BNB surpassed well-known companies such as Airbnb, Starbucks, UBS, and more.
The new peak was met with huge enthusiasm in the crypto community, with many industry participants envisioning a further rally.
The X users Bluntz and Sheldon The Sniper forecasted a surge toward the $1,000 milestone, while BATMAN revealed that BNB is part of their portfolio. The trader admitted hopping on the bandwagon in 2017 when a single token was worth a mere $0.60.
“Close to 1200x makes it one of my top performers, only being beaten by my RUNE call,” the analyst stated.
FLOKI’s Progress
Another cryptocurrency that recently reached a new peak price is the dog-themed meme coin – Floki Inu (FLOKI). Its market capitalization briefly exceeded the $3.2 billion mark for the first time ever, thus flipping popular altcoins, including Monero (XMR), Arbitrum (ARB), Cronos (CRO), and more.
In the following hours, though, FLOKI’s value slightly retraced, with its market cap plunging below $3 billion. Currently, the token is the 46th biggest cryptocurrency and the fifth-largest in its cohort.
The post Bitcoin (BTC) Price Resurgence, Binance Coin (BNB) Hits a New ATH, and Meme Coins Fiesta: Bits Recap June 6 appeared first on CryptoPotato.
Bitcoin surged to $71,700 amid record inflows into US spot Bitcoin ETFs.
BNB hit an all-time high of $710, surpassing major companies’ market caps, with forecasts suggesting it could reach $1,000.
Floki Inu’s market capitalization peaked at over $3.2 billion before a slight retracement.
BTC Headed North Again
The price of the primary cryptocurrency has been on an uptrend in the past few days, rising to as high as $71,700 on June 5. Currently, it hovers the $71,000 mark (per CoinGecko’s data), representing an 11% increase on a monthly scale.
The resurgence coincided with record figures related to spot Bitcoin ETFs in the USA. Those products witnessed a total inflow of almost $900 million yesterday, the second-best day since their approval in January.
Numerous analysts believe BTC could soar even higher in the near future, assuming certain factors are in place. The X user, Captain Faibik, predicted a rise above $90,000 should the asset surpass the “crucial resistance level” of $71,300.
On the other hand, Ali Martinez assumed that a pullback is not out of the cards based on the TD sequential, which presents a sell signal on the four-hour chart. This technical analysis tool identifies potential price exhaustion points in the market and indicates when a trend is likely to reverse.
Still, the X user thinks a fresh uptrend could eventually follow the potential setback.
BNB’s Success
The native token of Binance—BNB—has been making the headlines recently. Its price exploded to an ATH of $710 on June 5, while its market capitalization touched the $110 billion mark. Thus, BNB surpassed well-known companies such as Airbnb, Starbucks, UBS, and more.
The new peak was met with huge enthusiasm in the crypto community, with many industry participants envisioning a further rally.
The X users Bluntz and Sheldon The Sniper forecasted a surge toward the $1,000 milestone, while BATMAN revealed that BNB is part of their portfolio. The trader admitted hopping on the bandwagon in 2017 when a single token was worth a mere $0.60.
“Close to 1200x makes it one of my top performers, only being beaten by my RUNE call,” the analyst stated.
FLOKI’s Progress
Another cryptocurrency that recently reached a new peak price is the dog-themed meme coin – Floki Inu (FLOKI). Its market capitalization briefly exceeded the $3.2 billion mark for the first time ever, thus flipping popular altcoins, including Monero (XMR), Arbitrum (ARB), Cronos (CRO), and more.
In the following hours, though, FLOKI’s value slightly retraced, with its market cap plunging below $3 billion. Currently, the token is the 46th biggest cryptocurrency and the fifth-largest in its cohort.
The post Bitcoin (BTC) Price Resurgence, Binance Coin (BNB) Hits a New ATH, and Meme Coins Fiesta: Bits Recap June 6 appeared first on CryptoPotato.