Don’t Miss Out on these 4 (web3) Passive Income Opportunities....

01.03.2021, 18:17

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We also cover exciting opportunities and info here on the PD blog, to help our members and visitors keep up with ways to earn extra income, in these difficult times... 

 

WEB 3

 

There’s no doubt that there are great opportunities for extra or passive income in the realm of web3, blockchain or cryptocurrency. We’re not even talking about Bitcoin, but another up-and-coming token and blockchain network: Binance Smart Chain.

 

This blossoming ecosystem is putting crypto to use, from everything to money markets, social media projects and a way to invest in new tokens. 

 

Where can you buy these crypto tokens? You can find the following suggestions on many major cryptocurrency exchanges (Binance.com in particular), or you can buy them on the BSC network itself (if you're already crypto-savvy).

 

Let's take a look....


 

1. Cosmos (ATOM)

 

 

The ATOM token is a good investment to buy and ‘hodl’ since it underpins new blockchain ecosystems, including Binance Smart Chain and Crypto.com. ATOM is the infrastructure token which enables and secures the technology. You can learn more about the Cosmos and Tendermint technology at the main website. Just by purchasing the token on Coinbase or Binance, you can earn decent interest or ‘staking rewards’ simply for holding the token long-term. 

 

 

2. Binance Coin (BNB)

 

This is the token which is used directly for transaction fees on the Binance Smart Chain network. You’ll need to use web3 wallet such as Metamask, to start exploring BSC.

 

It’s a solid buy since BNB is needed to purchase so many other tokens emerging on the chain; so it has high liquidity. Many users buy it to provide liquidity for emerging tokens, of which there are many, which also lends it increasing value. Not only this, it also has value for payment services, and at Binance.com as a way to trade with a discount.


 

3. PancakeSwap Finance (CAKE)

 

There's nothing wrong with Pancakes, and you'll quickly find this out. PancakeSwap.finance is the leading exchange on the Binance Smart Chain. You can also trade the token on the traditional Binance.com exchange, but Pancakeswap is more secure, since you retain control over your funds at all times.

 

The CAKE token has recently emerged as a major project for the BSC and is a way to earn new tokens by adding CAKE into ‘pools’. We suggest spending time at the site, getting familiar with transacting via web3 wallets, and exploring the fun features like Lottery and Profiles.

 

The token has a solid future, and the user stats to back it up. It’s one of the best sites where you can earn crypto simply by holding CAKE and exploring the exciting projects emerging on the BSC.

 

 

4. THORchain (RUNE)

 

Underpinning blockchain networks is the need for liquidity for token trading. THORchain is a protocol designed with liquidity in mind and which can apply not just to one blockchain network, but many. The technology itself is a little complex for this article, but it joins the ranks of our recommended buys. RUNE is earned by anyone providing liquidity on major sites like BEPswap. It's available to buy on Binance.com.

 

There's little doubt that THORchain will continue to attract anybody eager to earn more RUNE token (or by operating a node for the network) and that its value and utility is set to grow. 

 

Risk

 

As ever, there is always risk with investing, and where cryptocurrency is integrated with wider market influences such as the price of Bitcoin and regulation. Currently, the market remains closely tied to these influences (for now), but it has been bouncing back more and more. It might be said that projects are just itching to break free and find their unique value.

 

As long as positive sentiment prevails and web3 technology continues to advance, the tokens named above have strong futures, application and price appreciation to look forward to this year 2021. 

 

You’ll need to ignore market swings and hold on tight, to see positive returns for your assets. It’s still early days for these projects, so don’t miss out!

 

 

Disclaimer: investing in cryptocurrency means holding tokens through volatile market movements. This is not professional financial advice but are only recommendations. Please do your own research into anything we have suggested, and make your own decisions before investing. 
 

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