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Passive Income: How To Make 100x Gains On Cryptocurrency – 5 Ways

Here are several investing strategies that you can use to make Passive Income with Cryptocurrency in 2022.

Like many investment, stock, real estate you can earn passive income and crypto is the same too. It’s blow my mind.

It is possible to earn passive income with cryptocurrency but the return really depends on what method you are choosing.

So if you want to know how to make 10x, 100x gains on your crypto then keep on watching.

#1 Yield Farming

What is yield farming? Investors like us deposits our token into the liquidity pool. Those who provide liquidity will receive a portion of the fees.

Let say you want to buy nft and you can’t just buy it like a credit card, you will need to have a transaction, those transactions require small fees. As an investor, you earn those fees.

A liquidity pool can be thought of as a pot of cryptocurrency assets locked within a smart contract, which can be used for exchanges, loans and other applications. In traditional finance (Centralised Finance or CeFi), liquidity is provided by a central organization, such as a bank or a stock exchange.

#2 Interest Bearing Account

You can take advantage of interest-bearing crypto account to earn interest of your digital asset.

Simple all you need to do is deposit your crypto into the account and you receive daily, weekly, monthly depending on the interest rate.

Blockfi

BlockFi Interest Account clients can add their crypto and earn interest in crypto. Paid out at the beginning of every month, the crypto interest earned by account holders compounds, increasing the Annual Percentage Yield (APY)* for our clients. BlockFi uses a tiered Interest Structure.

Nexo

Nexo is currently offering 12% APR on all three fiat currencies. Interest rates are also dependent on the time held. A one-month holding period will earn 1% more and a three-month holding period will earn 4% more.

Celsius

You can earn up to 17.78% APY by keeping your digital assets on deposit with Celsius. As of writing, the platform pays interest on 25+ cryptocurrencies, 10+ stablecoins, and one Gold token (PAXG).

There is no minimum balance or fees to earn on your crypto deposit. And payouts are made on a weekly basis on Mondays.

#3 Proof of Stake

Proof of stake is a type of consensus mechanism used to validate cryptocurrency transactions. With this system, owners of the cryptocurrency can stake their coins, which gives them the right to check new blocks of transactions and add them to the blockchain.

I will show you what I mean in my coinbase account:

#4 Gamefi

What is gamefi? Simple play to earn. If you play a particular game by winning a battle, mining precious resources you will earn tokens, and those tokens can trade for real money.

I’m playing axie infinity whenever play pvp with other people. If I win I will earn a small love potion and each potion cost 3 cents right now but who know the potion costs 37 cents.

Another game is pegaxy, this is a horse racing game. Every time that you win the race you will earn a token call PGX. You can rent out your house to other people to race and you earn passive income.

#5 Sun Exchange

Sun exchange in South Africa-based company and they are crowdsource funding for solar power.

You can purchase solar cells used for community projects in South Africa and receipt regular payout.

You can pay solar with fiat or bitcoin. This is a whole new method to generate passive income with crypto.

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