Passive income is one of the best ways to boost your earnings during this upcoming crypto bull market, allowing you to enhance your portfolio while doing minimal work in the process.
The crypto market presents many unique ways to earn a passive income. Whether through revenue sharing, passive staking, airdrops, liquidity provision, or fees earned, there are hundreds of ways to make a passive income with blockchain technology.
In this article, we’ve found some of the best passive income streams in crypto and outlined how to invest money to get started earning a passive income.
Crypto Tracker
-8.40%
Dogecoin20
Spotlight Wire
Dogeocin20 seeks to become the ultimate Dogecoin upgrade by pushing the meme coin into a more sustainable future utilising the proof-of-stake mechanism. The PoS algorithm allows $DOGE20 to be staked to earn a passive income.
Everybody staking $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 rewards are provided to stakers for the next two years.
In addition to the staking, Dogecoin20 also improves on the Dogecoin theme by introducing a token supply limit of 140 billion $DOGE20, removing the infinite inflation that the legendary Dogecoin experiences today.
Finally, as 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 provides the perfect passive income opportunity while providing potential exponential gains through value appreciation.
The token is currently undergoing a presale and can be purchased on the project’s website using $ETH, $USDT, or a credit/debit card.
Green BitcoinSpotlight Wire
Green Bitcoin is a novel utility project that provides massive rewards for those making accurate Bitcoin price predictions. The project has created a unique Gamified Green Staking ecosystem that lets users stake $GBTC tokens and become eligible to place price forecasts on the future price of Bitcoin.
Users who place accurate forecasts are rewarded with a proportionate share of the daily staking rewards in the pool. The best part about the rewards is that they're scaled to the level of investment made. Therefore, those staking more $GBTC for extended periods earn higher rewards.
The team has reserved 27.5% of the total $GTBC supply to ensure rewards for the next two years.
In addition to rewards through accurate forecasts, users earn a passive income through the staking mechanism itself, doubling the potential revenue.
Overall, Green Bitcoin is one of crypto's best passive income streams.
To buy $GBTC, visit the project's website and use $ETH, $USDT, or a credit/debit card.
Smog TokenSpotlight Wire
Smog Token is one of the hottest trending meme coins on Solana in March 2024, as users rush to get positioned in the project to participate in the most historic airdrop in Solana’s history. The project allows users to buy and hold $SMOG tokens to accumulate airdrop points and be eligible to receive a free airdrop.
The team has stated that 35% of the total supply will be airdropped to users. As a result, if the airdrop occurs at the market cap high of over $300 million, an enormous $100 million will be airdropped to users.
Users can also accumulate more airdrop points by participating in the Zealy quests. With over one million Zealy quests completed, it’s clear investors are keen to earn more airdrop points for more passive income.
Although $SMOG was launched on the Solana network, it’s now a multi-chain cryptocurrency on Ethereum through Wormhole. As a result, users can also stake their $SMOG tokens and earn an APY, providing another avenue for earning a passive income stream.
Overall, Smog Token provides the perfect route to earning a passive income. The best place to buy $SMOG is through the OTC widget on the project’s website, which offers a 10% discount.
eTukTukSpotlight Wire
While Tesla has made significant progress in the developed world, its technology remains too expensive for developing nations to participate. eTukTuk intends to change this through its groundbreaking three-wheeler EV, designed to help replace the traditional tuk-tuk.
The tuk-tuk is the most popular mode of transport in developing countries but produces more carbon emissions than traditional cars. eTukTuk wants to help make the revolutionary switch to cleaner transport through the eTukTuk three-wheeler. It intends to launch its first fleet later this year in Sri Lanka, providing the perfect opportunity to get positioned early.
In addition, the project will introduce a network of charging stations to let drivers charge. All $TUK stakers earn network fees as drivers charge their vehicles, providing a passive income.
$TUK can be purchased on presale through the project’s website.
Jupiter Perpetuals Liquidity Provider TokenSpotlight Wire
Jupiter Perpetuals Liquidity Provider Token ($JLP Token) is the Jupiter perpetual liquidity provider token for the immensely popular Solana DEX. Those who buy the token become liquidity providers by allocating their assets into the pool to earn a passive income.
The passive income is derived from trading fees on the platform, with 70% of all fees being injected into the Liquidity Provider pool. With the exchange seeing over $1.3 billion in trading volume daily, these fees are starting to add up quickly.
In addition to earning the fees, JLP holders see strong value appreciation as they own an index of the top cryptocurrencies.
Overall, holding $JLP lets you earn a passive income through the hottest DEX on the planet.
Disclaimer: The above content is non-editorial, and TIL (Times Internet Limited) hereby disclaims any and all warranties, express or implied, relating to the same. TIL does not provide investment advisory services in any manner and the publication of this content does not mean TIL's or Economic Times endorsem*nt. TIL strongly recommends the users to take all steps necessary to ascertain that any information and content provided is correct, updated and verified and/or speak with a qualified investment professional before making any investment decisions.
(You can now subscribe to our ETMarkets WhatsApp channel)
