If people are interested in cryptocurrencies and blockchain technology, it’s not just because the technology is cutting edge and forward-looking; it’s because of the money they can make from it.
When people think of making a profit from crypto, they think of investing or trading. However, these are just the most popular, and mostly the most complicated, ways to make money from crypto as it requires a significant investment in terms of money, knowledge, and time.
There are other alternatives that allow you to generate residual income from your crypto assets. One of them is staking your wealth, which means storing your coins in a wallet and performing network functions like validating transactions. In return, you will be rewarded with stake-out bonuses. If you are thinking of wagering your coins, you are probably wondering which platform is best for this purpose and which coins to wager; here we are discussing that.
KCS is the native cryptocurrency for the KuCoin exchange. Holding KuCoin shares means that you will receive certain rewards, such as: B. 50% of trading fees are paid out as dividends to KCS holders. So if you own KCS, you are already eligible to earn something. You can also use the KuCoin shares to be rewarded daily.
The function of KCS is to also save trading commissions within their home exchange KuCoin – one of the largest and best cryptocurrency exchanges nowadays.
Here is another platform that you can earn on by simply holding and wagering the HRD tokens. The Hoard platform is a marketplace where users can buy, sell, rent, and lend all types of NFTs, including in-game items, domain names, digital art, etc.
Users can also use their NFTs as collateral to solve cryptocurrency problems, improving the options available to users when using their crypto assets in the decentralized finance space. The challenge of finding collateral for crypto loans has also been solved, and users can maximize their investments and receive high rewards on their wealth. When users deploy HRD tokens, they receive their rewards in stable coins, and those rewards come in the form of transaction fees on the platform.
This is one of the more famous crypto infrastructures that has a great staking and yield program that offers rewards that you earn annually by staking their tokens. It works on the Tezos blockchain, which has various features and innovations, including LPOS. Of course, it also has intelligent contract technology. Staking Tezos on Binance is free, but when you do it on Coinbase, they charge 25%. On Binance, you can use your Tezos in either of these two ways; You delegate your Tezos and get 5.50%, or you bake them and get a 6.20% annual reward. There are other wallets like MyCointainer and Guarda Wallet where you can wager the coin and get the same rewards.
Parsiq builds a bridge between “real applications” (Web 2) and dApps (Web 3). The project is compatible with multiple infrastructure blockchains like Ethereum, Polkadot, Solana, Binance, and more.
By executing smart contracts that trigger various IFTT conditions, Parsiq aims to expand the real world usage of blockchain projects and increase adoption. Their staking program for their token PRQ will be available sometime in July or August.
Formerly known as Matic Network, Polygon is one of the fastest growing projects today. Polygon is built on top of the Ethereum blockchain and aims to become the ultimate second tier that will scale the activity and networking of Ethereum with other blockchains with more than 400 dApps and projects already deployed on them.
Polygon delegates and validators can enjoy various high APY with early to long lock options.
Here is another great infrastructure project that can help you generate residual income from your crypto assets.
It is a decentralized open source blockchain network that operates smart contracts using the evidence of stake authorizations through virtual machines. It combines the Bitcoin and Ethereum blockchains and combines their best features to create a unique and superior product. Users have access to the best Ethereum and Bitcoin tools. For example, Ethereum virtual machines run Ethereum smart contracts on QTUM. It is also possible to port the Dapps on Ethereum to QTUM. QTUM tokens can be staked on platforms and wallets such as Binance, Coinbase, MyCointainer, Guarda and Atomic wallets. The annual reward is 6% to 14% of your stake.
Public Mint serves as a payment system that bridges the gap between cryptocurrencies and fiat money by providing a fully secured, insured and regulated platform for synthetic fiat money. It has a fiat-native blockchain with tools that allow developers to create fiat-enabled applications that accept wire transfers, ACH, and credit cards. Users make payments and transactions with tokens tied to fiat currencies and can tokenize fiat currencies for use on the platform. It is also possible for you to use your Public Mint tokens and earn rewards for doing so. Your liquidity program has just started and early stakers can good APY of up to 78%.