Earn passive income with DigiToads, Polygon, & Cosmos
Cryptocurrencies have transformed the investment landscape, offering many unique opportunities for earning passive income beyond the conventional buy-and-hold strategy. One compelling approach is staking, a process that encourages participants to secure a network by holding its tokens and, in return, earning rewards. In terms of staking rewards, three projects – Polygon (MATIC), DigiToads (TOADS), and Cosmos (ATOM) – have distinguished themselves as particularly lucrative options.
Passive income with Polygon
Polygon, also known as MATIC, is a prominent Layer 2 scaling solution for Ethereum. It provides a quicker and more cost-efficient option than the current setup. The MATIC token is essential for transaction fees, staking rewards, & governance participation within this ecosystem.
Staking MATIC is a simple process where tokens are locked up for a certain period, and investors earn interest on their investments in return. This has made Polygon an attractive option for those seeking passive income. There are several platforms where MATIC can be staked, each with advantages and disadvantages.
Binance, a leading player in the industry of crypto, offers a structured system for MATIC staking with contract durations of 14, 30, 60, or 90 days. The estimated ROI ranges from 2.69% to 5.6% APY, depending on the contract length.
Bybit, another platform, offers a competitive 0.55% APY for staking Polygon, with liquidity mining offering an APY of 1.96 – 5.9% and dual asset mining promising an impressive 20.52 – 200.88% APY.
Crypto.com provides higher APY rates of 3% and 5.5% for one or 3-month lockup periods, respectively, and up to 9% APY for larger CRO stakes.
Lastly, KuCoin offers a flexible staking option of 2% APY, with promotional rates up to 12% APY for fixed durations.
Passive income with DigiToads
Appearing as a novelty within the meme coin category, DigiToads presents a distinctive investment proposition, offering a ton of passive income generation avenues. Its prime feature involves the staking of NFTs. Participants can commit their DigiToads NFTs into a collective staking pool, which subsequently accrues 2% of each transaction conducted in TOADS. This percentage is then redistributed among the stakers proportionate to their staked holdings and length, furnishing them with a continual income stream.
However, the DigiToads ecosystem extends beyond NFT staking. It organizes many reward-yielding activities such as blockchain-based trading competitions, in-game challenges, and meme creation contests, each providing a unique opportunity to bolster one’s earnings.
The presale phase of DigiToads has been another substantial source of passive income for early adopters. Since the inception of the ICO, the token’s price has witnessed a ten-time surge, culminating in a staggering 400% return on investment. The token is currently valued at $0.05, yet it is projected to ascend to $0.055 upon official launch.
The enthusiasm around DigiToads is evidenced by the impressive $6.5 million accrued from the presale, highlighting its robust position within the meme coin sector and demonstrating its promising potential for continued growth and revenue generation.
Passive income with Cosmos
Cosmos is a proof-of-stake blockchain that permits validator nodes to engage in network consensus. Users can delegate their stake to these nodes and receive a portion of token emission, offering around 10.3% annual nominal yields on average.
This makes ATOM one of the highest rewarding proof-of-stake cryptocurrencies. However, staked ATOM tokens are subject to a 21-day lockup period during which they cannot be moved or used. Certain centralized staking platforms provide liquid staking, allowing users to surpass this restriction, usually in return for lower rewards.
ATOM delegation is a secure, non-custodial process where validators cannot spend delegated funds. However, Cosmos implements hard slashing to discourage fraudulent behavior among validators, potentially resulting in slashed funds if a chosen validator is found to be operating maliciously.
Several platforms exist for staking ATOM, including Coinbase, Keplr, Binance, Kraken, Ledger, and StaFi, each with unique features and considerations. For instance, Coinbase does not subject your ATOM tokens to a lock-in period but offers lower yields at 5% APY. Binance provides variable staking periods and rewards, allowing users to stake ATOM for 30, 60, 90, or 120 days. StaFi allows users to maintain the liquidity of their tokens even while staked, bypassing the usual 21-day lockup period.
Conclusion
In essence, staking in the crypto sector provides an avenue for substantial passive income with minimal exertion. DigiToads, Polygon, and Cosmos, are noteworthy in this aspect, offering impressive staking returns. For those seeking a blend of enjoyable activities and lucrative returns, DigiToads presents an engaging choice.
Visit DigiToads Presale
Mint DigiToads NFTs Here
Buy DigiToads NFTs on OpenSea
Credit: Source link
