Feb 22
How To Earn Passive Income While Holding Cryptocurrency?
“If you don’t find a way to make money while you sleep, you will work until you die” — Warren Buffett, a well-known investor.
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Disclosure: Nothing in this post should be regarded investment advice. All investment-related queries should be directed to your financial advisor.
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Investing in cryptocurrency is equivalent to playing with fire for the average person. Because of the extreme volatility, the possibility of suffering massive losses from investments is genuine.
On the other hand, what if there was a method to generate money in crypto in a considerably less risky environment?
What if, instead of “buying dips” and “HODLing,” you merely poured a portion of your savings into a platform and made money regardless of market movements?
This post will examine how we might use decentralized finance (DeFi) to earn passive revenue from our cryptocurrencies.
What is DeFi?
Decentralized finance, or DeFi, is a type of finance based on blockchain technology. Instead of depending on central banking institutions and brokerage firms, DeFi platforms use smart contracts to take over the role of these organizations. The advantages of DeFi cannot be overstated. For one thing, it makes an extensive range of financial services and products available to the general public in a trustworthy, no-frills manner.
You might, for example, take out a loan without authorization, pay a rate of interest, and borrow for as long as you like without being obliged to pay more than you were guaranteed. To get that loan, you wouldn’t even have to visit anyone or your lender face to face!
In DeFi, there are various popular ways to get passive income: Staking, Lending, Savings, Liquidity provision, Yield farming. In this article, I’ll discuss 3 DeFi projects that are the source of earning $BUSD as a passive income that can be purchased on PancakeSwap with very simple purchasing procedure. All 3 projects are in development stages with a huge potential. So, let’s dig in.
BD Capital is the most innovative investment opportunity in crypto and best long-term investment. Holders of BANK$ receive benefits in the form of $BUSD. Through reflections, investors will receive these incentives for merely keeping the token in their wallets. 15% transactional tax, applied to every purchase and sale, generates 8% $BUSD reflections which are automatically distributed to holders’ wallets.
· Tokenomics:
· 8% reflection in peg $BUSD to all holders.
· 2% buyback and burn.
· 4% marketing/community fund.
· 1% liquidity.
· The anti-whale mechanism, no wallet can hold more than 3%.
The most significant boost towards the project of the BD-Capital is the community. The state motto is all based upon the willingness of the team to work so that things can be turned into reality. The favorite marketing strategies and the suggestion for the future project will be shared with the team to make the community grow together.
The first community idea which will be implemented into system is BankersWhale. The BankersWhale fund is a risk-free way for community to generate another form of passive income. BankersWhale uses one and half-percentage point (1.5%) of the marketing tax to support a community investment fund. Methods of distribution are similar to those used in the distribution of reflections.
1)BD-Capital holders will receive seventy-five percent (75%) of the community-fund yield.
2) Twenty-five percent (25%) of the community-fund return will be kept to fund ecosystem development and growth such as marketing and charity.
BD-Capital team continues to investigate and create additional methods of passive income generation, exploring all options that correspond with their goal of delivering holders with passive income which can be made possible efficiently and effectively through these peculiarities.
Keeping all these facts under consideration, it can highly be stated that BD-Capital is and is going to be the fastest-growing project of 2022.
2. Reflex finance($REFLEX)
Staking rewards in the native token are available to members of the Reflex community who stake their $REFLEX tokens on the staking DApp. Stakers in the Reflex Finance staking mechanism can receive $BUSD in addition to $Reflex when they unstake. It’s essentially the same as having a savings account that pays interest.
Reflex Finance is a staking-enabled liquidity creation protocol. Users can earn 8% $BUSD by purchasing and holding $REFLEX. To protect smaller investors, the proposal also contains an anti-whale feature. Reflex Finance creates value and participation through a series of utilities launched in 2022.
· Tokenomics:
· 8% reflection in $BUSD to all holders.
· 1% buyback and burn.
· 3% marketing fund.
· 2% liquidity.
The creation of stable passive income under the umbrella of crypto had made incredibly successful through Reflex Finance. One of the peculiar features of reflex finance that makes it the best among a significant number of coins, is deflationary of 1% of the entire volume. This makes buyback and burn account for 1% of the whole book. In this way, the holders will have the passive income ways running smoothly and effectively.
3. Bitgert Token(BRISE)
Every crypto coin holds its value and stays worthy in the blockchain by sustaining specific peculiar properties, making them distinctively suitable. This argument can be supported by the fact that Bitgert stands to be the most valuable and the most reliable cryptocurrency in being fast, secure, lowest fee, and scalable coin the entire blockchain ecosystem. This token rewards it’s stakers in 4% $BUSD distribution and additional returns of up to 80% APY.
· Tokenomics:
· 4% distribution in $BUSD.
· 5% buyback tax.
· 3% marketing fund.
When it comes to the strongest pillar upon which the successful foundation of Bitgert lies, then it will never be wrong in saying that it is the speed that makes it unique among other crypto coins. Bitgert operates with a speed of 100,000 transactions per second.
Another remarkable feature that makes Bitgert the most successfully running crypto coin in the entire blockchain is the almost zero fee per transaction.
Besides this, $BRISE Token has a real-world use as a global payment system and may be used for peer-to-peer financing(P2P), where two people connect directly with each other without the involvement of a third party. This is enabled by using the $BRISE DApp wallet in the local currency with zero transaction fees, faster and secure transactions.
Conclusions
The DeFi ecosystem has mostly been adopted by small investors so far. The ecosystem will experience exponential development as institutions begin to come in. DeFi, according to a rising number of supporters, can even replace traditional finance institutions such as banks. Finally, DeFi appears to have a promising future.
In a nutshell, it can be stated that the BD-Capital, Reflex Finance and Bitgert stand out to be the best trio of cryptocurrency with significantly remarkable peculiarities, including the passive return in $BUSD as they present the brighter future of cryptocurrency and the progression of the blockchain.
You can check my other writings at: https://medium.com/@eellaaivo
Thanks for reading!
