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Passive Income: Best Passive Income Sources in Crypto and How to Invest Money.
Passive income is one of the best ways to increase your income during this upcoming cryptocurrency bull market, allowing you to enhance your portfolio while doing minimal work in the process.
The cryptocurrency market presents many unique ways to generate passive income. Whether it’s through revenue sharing, passive staking, airdrops, providing liquidity, or earning fees, there are hundreds of ways to generate passive income through blockchain technology.
In this article, we found some of the best sources of passive income in crypto and explained how to invest money to start earning passive income.
Cryptocurrency Tracking
Dogecoin20
Dogeocin20 seeks to become the ultimate upgrade of Dogecoin by pushing the meme coin towards a more sustainable future using the Proof of Stake mechanism. The PoS algorithm allows $DOGE20 to be staked to earn passive income. All those who stake $DOGE20 holdings will be rewarded with tokens based on their staking percentage of the staking pool. The team has set aside 15% of the total supply to ensure that rewards are provided to stakers over the next two years. In addition to staking, Dogecoin20 also improves on the Dogecoin theme by introducing a 140 billion $DOGE20 token supply limit, removing the infinite inflation that the legendary Dogecoin experiences today. Finally, since Dogecoin20 is an ERC-20 token, it provides faster and cheaper transactions, is DeFi-ready, and is compatible with most major wallet providers.
Overall, Dogeocin20 offers the perfect passive income opportunity while providing potential exponential gains through value appreciation.
The token is currently in pre-sale and can be purchased on the project’s website using $ETH, $USDT, or a credit/debit card.
Green Bitcoin
Green Bitcoin is a new utility project that offers massive rewards to those who make accurate predictions on the price of Bitcoin. The project has created a unique gamified green staking ecosystem that allows users to stake $GBTC tokens and become eligible to place price predictions on the future price of Bitcoin.
Users who place accurate predictions are rewarded with a proportional share of the daily staking rewards in the pool. The best part about the rewards is that they are scaled to the level of investment made. Therefore, those who stake more $GBTC for extended periods of time earn higher rewards.
The team has set aside 27.5% of the total $GTBC supply to secure rewards for the next two years.
In addition to rewards from accurate predictions, users earn passive income through the staking mechanism itself, doubling potential earnings.
Overall, Green Bitcoin is one of the best passive income sources in crypto.
To purchase $GBTC, visit the project website and use $ETH, $USDT, or a credit/debit card.
Smog Token
The Smog token is one of the hottest meme coins on Solana in March 2024, as users rush to stake themselves on the project to participate in the most historic airdrop in Solana history. The project allows users to purchase and hold $SMOG tokens to accumulate airdrop points and be eligible to receive a free airdrop.
The team stated that 35% of the total supply will be distributed to users through airdrop. Therefore, if the airdrop happens when the market cap reaches over $300 million, a whopping $100 million will be distributed to users.
Users can also accumulate more Airdrop Points by participating in Zealy Quests. With over 1 million Zealy Quests completed, it’s clear that investors are eager to earn more Airdrop Points for more passive income.
Although $SMOG was launched on the Solana network, it is now a multi-chain cryptocurrency on Ethereum via Wormhole. Therefore, users can also stake their $SMOG tokens and earn APY, providing another way to generate a passive income stream.
Overall, Smog Token is the perfect way to earn passive income. The best place to buy $SMOG is via the OTC widget on the project’s website, which offers a 10% discount.
eTukTuk
While Tesla has made significant progress in the developed world, its technology remains too expensive for developing countries to participate. eTukTuk aims to change that with its revolutionary three-wheeled electric vehicle, designed to replace the traditional tuk-tuk.
The tuk-tuk is the most popular mode of transport in developing countries, but it produces more carbon emissions than traditional cars. eTukTuk wants to contribute to the revolutionary transition to cleaner transport with the eTukTuk tricycle. The company plans to launch its first fleet later this year in Sri Lanka, which gives it the perfect opportunity to position itself early.
In addition, the project plans to set up a network of charging stations to allow motorists to charge their vehicles. All participants in the $TUK project receive network fees when motorists charge their vehicles, which provides them with passive income.
$TUK can be purchased in pre-sale on the project’s website.
Jupiter Perpetuals Liquidity Provider Token
The Jupiter Perpetuals Liquidity Provider Token ($JLP Token) is the Jupiter perpetual liquidity provider token for the highly popular Solana DEX. Those who purchase the token become liquidity providers by allocating their assets to the pool to earn passive income.
Passive income comes from trading fees on the platform, with 70% of all fees going into the liquidity provider pool. With the exchange seeing over $1.3 billion in trading volume per day, these fees start to add up quickly.
In addition to earning fees, JLP holders see their value increase dramatically because they own an index of major cryptocurrencies.
Overall, holding $JLP allows you to earn passive income from the hottest DEX on the planet.
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