Blockchain Archives - RespawnFirst https://respawnfirst.com/category/crypto-2/ Mon, 12 Sep 2022 14:30:16 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.3 https://respawnfirst.com/wp-content/uploads/2022/10/My-project-1-5-150x96.png Blockchain Archives - RespawnFirst https://respawnfirst.com/category/crypto-2/ 32 32 163316639 NFT Shiny Girl Cards Announces Official Sale Date, Mystery Box Opening, & Value Guarantee https://respawnfirst.com/nft-shiny-girl-cards-announces-official-sale-date/ https://respawnfirst.com/nft-shiny-girl-cards-announces-official-sale-date/#respond Mon, 12 Sep 2022 13:55:23 +0000 https://respawnfirst.com/?p=53545 The water gun battle shooting game — Cum & Gun / Boobs in the City has collaborated with NFT Publisher Neversoft to present an NFT product: Shiny Girl Cards (SGCs). The project has announced today information related to its official sale that will take place on Sep 15th, its subsequent Mystery Box opening, and the […]

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The water gun battle shooting game — Cum & Gun / Boobs in the City has collaborated with NFT Publisher Neversoft to present an NFT product: Shiny Girl Cards (SGCs). The project has announced today information related to its official sale that will take place on Sep 15th, its subsequent Mystery Box opening, and the redemption system.

NFT With Unique Value Guarantee and Growth – Shiny Girl Cards

Via a smart contract, the SGCs’ Value Guarantee system can save the amount paid by users at purchase into a smart contract account. When users perform a value redemption, the Shiny Girl Cards will be destroyed via the smart contract. A corresponding amount from the smart contract will be returned, evenly distributed among owners.

Shiny Girl Cards

The growth system is whereby the transaction fees users spend in a secondary market are returned to the smart contract account. This means that over multiple transactions, the Shiny Girl Cards will appreciate in value when they are being exchanged!

Shiny Girl Cards Official Sale

After the Whitelist Presale of Shiny Girl Cards from Sep 8th to Sep 14th, the SGCs will go on official sale on Sep 15th. Users who missed being on the Whitelist can also buy the SGCs in the official sale at a price of 0.08~0.14ETH.

Shiny Girl Cards

Mystery Box Opening

The SGC will be sold in Mystery Boxes. Before opening, the SGCs will be displayed in a Mystery Box mode with its contents remaining unknown. The various SGCs with unique designs will only become visible after the opening.

Redemption and Opening Functions Joint Release

The aforementioned redemption and Mystery Box opening functions will open on Sep 29th. You will not only be able to see your SGCs, but also utilize the redemption function in the value guarantee. Seize the chance to buy the SGCs in the official sale starting on Sep 15th!

Let us know what you think about Shiny Girl Cards and whether or not you are interested in investing in these NFTs

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Best Crypto Gaming Coins in 2022 https://respawnfirst.com/best-crypto-gaming-coins-in-2022/ https://respawnfirst.com/best-crypto-gaming-coins-in-2022/#respond Fri, 29 Jul 2022 19:49:01 +0000 https://respawnfirst.com/?p=50872 With the revolution in cryptocurrency, it is predicted by most analysts that the first actual use of blockchain will be in gaming blockchain. Crypto gaming combines two rapidly growing fields which are crypto and video games. There are plenty of games that use cryptocurrencies for purchasing new characters, armor, weapons, etc. In this guide, we […]

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With the revolution in cryptocurrency, it is predicted by most analysts that the first actual use of blockchain will be in gaming blockchain. Crypto gaming combines two rapidly growing fields which are crypto and video games. There are plenty of games that use cryptocurrencies for purchasing new characters, armor, weapons, etc. In this guide, we will share information on the Best Crypto gaming Coins that you can use and invest in 2022.

Best Crypto Gaming Coins

In Crypto gaming, you can also earn something by finishing the given task. In 2021, crypto gaming generated $2.32 billion in sales. Although it’s a new industry and far to go. Here is the list of best Crypto based games that you can invest in 2022

  • Decentraland
  • The Sandbox
  • Axie Infinity
  • Enjin Coin
  • Yield Guild Games

Future Projects in Crypto Gaming Coins

  • My Neighbour Alice
  • Illuvium

Decentraland

It is a crypto-based game in which you can buy the land the game using cryptocurrency MANA. That land is further utilized in art and other activities. As its name indicate that it is a decentralized metaverse in which the user has full control, which means you built it, own it, and also rule it. This freedom makes it unique from other crypto-based games.

It’s one of the first ones to have a fully operating virtual world with a market capitalization of $2.04 billion.

The Sandbox

It’s almost like Decetraland, where you create three dimension games. A plus point is, that you don’t need a high-level understanding of coding to create games. On the contrary, you use visual tools to create 3D games. It’s like a real estate business. A total of 166,464 land plots are available so far.

It uses the crypto SAND for purchasing the LAND plots and to do other activities. The Sandbox market capitalization is $1.58 billion.

Axie Infinity

In this game, Axie Infinity, you purchase, trade, and fight creatures named Axies using crypto AXS. These axies are NFTs that you need to buy to start playing the game. For the first go, it is mandatory to buy three NFTs to start the game.

This crypto game is very popular because you can earn thousand by investing hundreds. And investing means buying different characters and fighting against axies to win rewards in form of crypto. In the early stages in 2021, its worth was $0.54, which later increases to $150.

Although this game lost a bit of its net worth in 2022, it is again gaining momentum.

Enjin Coin

It’s a crypto gaming software where you can store digital coins from certain games that use cryptocurrencies. Enjin Coin’s Market Capitalization is $615 million. As it can be connected to different blockchain games so it’s not restricted to only one game. Its coins are built in such a way that they can work with different games.

This software gives you a developer kit that enables you to generate digital wallets like in-game currencies or important items for the crypto base game.

This Coin started its journey in 2021 with $0.13 worth of $2.58 by the end of the year with a profit of almost 1800% in a year. These figures tell the story that Enjin Coin has a promising future in Crypto Gaming 2022.

Yield Guild Games

Yield Guild games is a manifesto in which you can buy and rent NFTs. As most of the blockchain games emphasize is on NFTs that including AXie Infinity and The Sandbox.

If you are playing Axie infinity, you can rent your Axie through Yield Guild Games. By renting the NFT, the player will share the profit with you that he earns from the game using your NFT. Yield Build Game is not a very old project. It was launched in July 2021. But due to its rapid growth since then, that is almost 550% in its initial phase. As NFTs are a vital part of the blockchain and this platform promotes NFTs clearly, it’s a promising gaming coin in 2022.

Future Projects you Should Look Forward To in Crypto Gaming Coins 2022

There are two future projects that you should consider for investment

  • My Neighbour Alice

This one is like The Sandbox, where you can buy land and generate your own farms. Its market capitalization is about $92 million. In this game, players have the option to buy from six islands, Farm the land, and buy animals. The in-game currency is ALICE, which you can earn by completing tasks. You can also stake the crypto and earn rewards in return.

Although this crypto game is riskier for investors because of its decline after its release. But once it takes off, this will go far.

  • Illuvium

It’s a game that combines Final Fantasy and Pokémon and involves role-playing. As Hunter, you control your character and hunt creatures illuvium, that are NFTs. NFT wallet rises if one illuvium is caught. This game is like Axie Infinity but with major differences like its a three dimension open world with a storyline. The storyline makes it rare and players can relate it to other games as well.

Illuvium is expected to launch later this year in 2022. After its launch, its market cap was up but as the market was down, the effect was on iluvium as well. But a game that isn’t out yet is still costly, which indicates that it will be worth investing in.

This is all you need to know about Best Crypto Gaming Coins in 2022. Need to know more, visit How to Earn Passive Income From Cloud Mining: Complete Cloud Mining GuideBest Cloud Mining Sites 2022.

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What is Enjin Coin and What Are Its Main Features https://respawnfirst.com/what-is-enjin-coin-and-what-are-its-main-features/ https://respawnfirst.com/what-is-enjin-coin-and-what-are-its-main-features/#respond Tue, 26 Jul 2022 02:08:46 +0000 https://respawnfirst.com/?p=50704 Data and Blockchain have a symbiotic relationship; many Blockchain projects focus on data that will lead to the rise of web3 and NFTs. Combining both of these forces is Enjin, one of the leading projects focused on data and web3. Enjin can be used by everyday folks like us, businesses, and corporations for trade, web3, […]

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Data and Blockchain have a symbiotic relationship; many Blockchain projects focus on data that will lead to the rise of web3 and NFTs. Combining both of these forces is Enjin, one of the leading projects focused on data and web3.

Enjin can be used by everyday folks like us, businesses, and corporations for trade, web3, and monetization of NFTs. Enjin is involved with music, gaming, art, and other types of NFT projects. All transactions on the Enjin network happen through the popular Enjin coin. Enjin users can also manage their coins and NFTs through the Enjin wallet using simple QR codes.

Moreover, Enjin can push gas-free transactions through JumpNet to create a hassle-free experience for users of Enjin Wallet, Enjin Beam, and their marketplace.

Enjin’s coin was launched back in 2017 as an ERC-20 token on the Ethereum Blockchain. The native coin is used for purchasing, selling, or trading NFTs. The coin is listed on multiple exchanges and recently announced a key partnership with video game giant Square Enix, the makers of Final Fantasy games.

Witek Radomski, Enjin CTO: This partnership marks a coming-of-age phase for digital assets and entertainment; Square Enix, an esteemed developer with iconic intellectual property, is paving the way for the industry. By using Efinity, fans can experience interactive NFTs without even realizing they’re on the blockchain. Enjin can establish the next phase of growth in blockchain entertainment, merging curiosity and creativity.

Gaming is a big part of Enjin’s ecosystem; gamers can create their own Enjin Wallet and link to multiple games to trade NFTs and other collectibles. On the other hand, if you are a creator, Enjin facilitates you with its SDKs to build your own digital assets for video games and apps.

In-game assets you trade are valued in Enjin Coin, and the Blockchain has so far proven to be one of the most secure networks for users to store their assets. As for investors and hodlers, they can trade the coin on multiple exchanges, both CEXs and DEXs.

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Best Cloud Mining Sites 2022 https://respawnfirst.com/best-cloud-mining-sites-2022/ https://respawnfirst.com/best-cloud-mining-sites-2022/#respond Mon, 25 Jul 2022 18:56:10 +0000 https://respawnfirst.com/?p=50482 This guide will discuss the best and highest-paying cloud mining sites. These sites will pay you several times and are good for cloud mining bitcoin and other cryptocurrencies. Best Cloud Mining Sites 2022 The first and foremost thing is that you have some investment in any of the given sites. And it’s imperative to have […]

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This guide will discuss the best and highest-paying cloud mining sites. These sites will pay you several times and are good for cloud mining bitcoin and other cryptocurrencies.

Best Cloud Mining Sites 2022

The first and foremost thing is that you have some investment in any of the given sites. And it’s imperative to have some research before investing your money somewhere. This guide will help you in making that decision. Following are the best cloud mining sites.

  • Tavros Cloud Mining Site
  • ECOS Cloud Mining Site
  • Hashing24 Cloud Mining Site

Tavros Cloud Mining Site

Tavros is a cloud mining site with 200 Giga Hertz contract power which is not a ton of mining power but gives a three-year contract. One of the best things is that they have a shallow threshold, especially for Bitcoin. Their paying time is less than a few hours.

ECOS Cloud Mining Site

ECOS has 3.1 TH/s (Tera Hertz per second). This site also includes a built-in calculator that will calculate the profit you will get by choosing an investment amount for a given contract period. You can also add your miner to the pool in case of personal miners at home.

Hashing24 Cloud Mining Site

This cloud mining siting has been around for almost three to four years. But it is restricted in some areas around the world. If it is available, you must try this one. This cloud mining site works by choosing your hashing power and plan. They offer different contract plans; their 18-month is the best one.

So this is all about the Best Cloud Mining sites in 2022 and the highest paid ones. Need to know more, visit our crypto content hub.

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How to Earn Passive Income From Cloud Mining: Complete Cloud Mining Guide https://respawnfirst.com/how-to-earn-passive-income-from-cloud-mining-complete-cloud-mining-guide/ https://respawnfirst.com/how-to-earn-passive-income-from-cloud-mining-complete-cloud-mining-guide/#respond Thu, 14 Jul 2022 22:41:03 +0000 https://respawnfirst.com/?p=50411 Mining is one of the pillars of crypto, and it not only secures so many Proof of Work networks and helps thousands of people build passive income streams. The future belongs to crypto as fiat systems collapse worldwide, and it is imperative to build passive income streams through crypto to go with our declining fiat […]

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Mining is one of the pillars of crypto, and it not only secures so many Proof of Work networks and helps thousands of people build passive income streams. The future belongs to crypto as fiat systems collapse worldwide, and it is imperative to build passive income streams through crypto to go with our declining fiat currency streams. However, not everyone can jump into mining easily due to high equipment costs and sometimes a lack of know-how to go with it.

So what’s the solution? Cloud mining!

Cloud mining allows everyone to start mining without investing in expensive mining rigs. Thanks to many cloud mining services around the globe, anyone can start mining in a few, easy, simple steps.

You can start cloud mining Bitcoin and many alt-coins today, but how? In this guide, we will discuss everything you need to know on how to build a passive income stream with cloud mining.

How to Build Passive Income From Cloud Mining

To understand the process of generating passive income with Cloud Mining, you first need to know what cloud mining is and how it works. Cloud mining removes the need for expensive hardware, and instead, third-party providers rent out computing power to users who wish to mine Bitcoin and other alt-coins. There are two primary forms of cloud mining.

  1. Renting Virtual Hash Power
  2. Renting Physical Mining Farm

Renting Virtual Hash Power

Renting virtual hashing power involves paying a third party to acquire cloud computing power. You don’t need any hardware equipment whatsoever to start mining. All you need to do is create an account with the cloud mining provider IQ Mining, choose a plan based on how much hashing power you need, make the payment, and start cloud mining. Truely has done a great article on the best cloud mining providers; you can compare plans and see reviews.

Renting Physical Mining Farm

Renting a physical mining farm means you will be acquiring physical equipment from a cloud miner. Yes, you can rent physical hardware from cloud miners based on your needs. However, this method requires you to ensure good ventilation to keep the hardware cool, maintain the equipment, and have a good internet connection.

How to Start Crypto Cloud Mining

Based on the things we discussed above, you need to choose what type of mining you wish to do and follow the steps:

  • Solid and stable internet connection
  • Cloud Mining account
  • Some amount of crypto to pay for the resources
  • A crypto wallet that supports your coin

Risk Warning: Cloud mining, like any other crypto-related venture, is not free from scams and crypto volatility. Before choosing a Cloud Mining service provider, always DYOR, speak with community members, and read reviews.

I hope this guide helps you understand crypto cloud mining. If there’s something you want to add, take it to the comments below. To read more about Blockchain and crypto, visit our Crypto Content Hub.

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How to Use Polygon Network Token Bridge https://respawnfirst.com/how-to-use-polygon-network-token-bridge/ https://respawnfirst.com/how-to-use-polygon-network-token-bridge/#respond Thu, 14 Jul 2022 17:14:05 +0000 https://respawnfirst.com/?p=50351 The increasing interest in Crypto markets has widened the number of blockchains in the crypto space. With this vast network sharing tokens and data between numerous networks is a task to achieve. Different initiatives are there to create a bridge between networks to help in asset transfer. Polygon Network Token bridge is one such initiative. […]

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The increasing interest in Crypto markets has widened the number of blockchains in the crypto space. With this vast network sharing tokens and data between numerous networks is a task to achieve. Different initiatives are there to create a bridge between networks to help in asset transfer. Polygon Network Token bridge is one such initiative.

Using a polygon bridge network makes the transfer of tokens easy without much inconvenience.

How To Bridge Assets to Polygon

The polygon framework is designed in such a way that it allows the connection of different blockchains. The first step is how you can shift assets to the polygon. These cross-channel transactions between polygon and Ethereum are complete through the polygon bridge. You can transfer non-fungible tokens(NFTs) and ERC tokens to Polygon sidechains using smart contracts. Two types of polygon bridges are for asset shifting.

  1. Proof Of Stake Bridge (PoS)
  2. Plasma Bridge

PoS: In proof of stake bridge, as the name indicates, it uses the Pos consensus algorithm to make its network safe. It supports the transfer of ether ETH and other ERC tokens. The main advantage of PoS is that you can deposit your asset without delay, but withdrawal might take some time, from 45 minutes to approximately three hours.

Plasma Bridge: It supports its own token MATIC, ETH, ERC-3- and ERC-721. Again the name suggests, that it uses the Ethereum Plasma scaling solution for enhanced security. Its withdrawal time is approximately seven days, compared to PoS Bridge. This one is more recommended for developers who prefer high security.

How To Use Matic To Bridge Tokens

The first step in transferring assets from Ethereum to Polygon requires a compatible cryptocurrency wallet i.e, Meta Mask. In case you don’t have that wallet, follow the steps to create one.

  • Click on Polygon Bridge and log in to the Polygon Web wallet.
  • The next step involves connecting your Ethereum wallet. You can connect to Meta Mask, Coinbase, Bitski, Venly, and WalletConnect wallet.
  • Once you select the wallet to which you want to connect, a digital signature request will appear.
    • Avoid any kind of spam by checking the URL before signing in.
  • You will be redirected automatically to the Polygon Bridge interface. In case it does not happen, click on the left menu, and from that menu, select Bridge.
  • To transfer tokens from Ethereum to Polygon, click on deposit and then choose Ether and target as Polygon chain. After reading the prompt dialogue box under tag, the important click continue.
  • A detail of the transaction, including the transaction fee and the token amount, is given on the next page. Click the Continue tab to authenticate the transfer.
  • The status of the transaction is visible on Etherscan.

This Polygon Bridge Matic can also transfer your tokens from MATIC to Ethereum.

How To Use Plasma Bridge On Polygon

Plasma Bridge is more secure for this reason; developer’s prefer it. To transfer tokens using a plasma bridge following steps are followed.

  • For instance, if you want to transfer Matic from polygon to Ethereum, use any Ethereum wallet. To start the process, add the Polygon network to your wallet.
    • Adding Polygon Network: Connect your wallet and see the option switch on top. An extension message will appear; approve it to proceed further. And to see Matic on your wallet, switch your wallet from Ethereum Mainnet to the Polygon network. So just switch networks to see Matic.

This is all you need to know about How to Use Polygon Network Token Bridge. Need further assistance? Visit our Crypto content hub.

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How to Send Bitcoin to Metamask – A Beginner’s Guide https://respawnfirst.com/how-to-send-bitcoin-to-metamask-a-beginners-guide/ https://respawnfirst.com/how-to-send-bitcoin-to-metamask-a-beginners-guide/#respond Wed, 13 Jul 2022 16:06:30 +0000 https://respawnfirst.com/?p=50343 MetaMask is a popular wallet that allows you to interact with decentralized applications (DApps) on the Ethereum network. It practically acts as a bridge between your browser and the Ethereum blockchain, allowing you to transmit and obtain transactions without running a full node. MetaMask is an essential tool for anyone interested in interacting with DApps […]

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MetaMask is a popular wallet that allows you to interact with decentralized applications (DApps) on the Ethereum network. It practically acts as a bridge between your browser and the Ethereum blockchain, allowing you to transmit and obtain transactions without running a full node.

MetaMask is an essential tool for anyone interested in interacting with DApps on the Ethereum network. MetaMask also provides a secure identity vault, allowing you to manage your addresses and private keys in one place. In addition, MetaMask can be used to sign and verify messages and create and manage smart contracts.

How to Send Bitcoin to Metamask

If you want to put Bitcoin into your MetaMask wallet, you’ll need to go through a few additional steps. Because Bitcoin’s blockchain is used for the BTC currency, transactions can only be sent to Bitcoin addresses.

To get around this, you can exchange your BTC for an Ethereum-based token like WBTC or renBTC. Once you carry the token, you can send it to your MetaMask wallet using the Ethereum network. This procedure may sound complicated, but it’s pretty easy once you get the hang of it. Plus, it’s a wonderful way to take advantage of the benefits of both Bitcoin and Ethereum.

Wrapping Bitcoin

Binance offers two different Bitcoin tokens, BTC and wBTC. These tokens may be traded by going to Binance’s “Classic” option in the Trade section. This will take you to the exchange’s trading platform. You can find the trading pair with both Bitcoin tokens on the trading platform. Now Select wBTC, enter how many WBTC you want, and press the buy button.

If you’re looking for your wBTC in MetaMask and don’t see it, don’t worry – adding the wBTC token using the steps below is easy. Just scroll down to your MetaMask main screen, click on “Add Token,” search for “wBTC,” click on the wBTC token, and then click “Next” to add the tokens. That’s all there is to it! Once you’ve added the wBTC token, you’ll be able to see it in MetaMask and use it just like any other currency.

Can I Only Use MetaMask Wallet for BTC

MetaMask is a famous cryptocurrency wallet that allows users to store and manage digital assets. While MetaMask is primarily designed for use with the Ethereum blockchain, it is also compatible with several other popular blockchains. However, if you want to use MetaMask with a blockchain incompatible with Ethereum, you will need to exchange your tokens for ERC-20 tokens.

Once you have traded your tokens, you can store them in your MetaMask wallet and use them like any other Ethereum-based token. While this may seem like a hassle, it is worth noting that MetaMask is one of the most user-friendly and secure wallets available, making it an ideal choice for those looking to store their tokens long-term.

Need more help? See How to use Bitcoin ATMs, and How to Earn Passive Income with Crypto.

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How to Use Bitcoin ATMs – A Beginner’s Guide https://respawnfirst.com/how-to-use-bitcoin-atms-a-beginners-guide/ https://respawnfirst.com/how-to-use-bitcoin-atms-a-beginners-guide/#respond Wed, 13 Jul 2022 15:40:36 +0000 https://respawnfirst.com/?p=50345 Bitcoin ATMs are an excellent way to buy bitcoin if you’re unfamiliar with the process of buying bitcoin online. They’re also a good alternative if you don’t have a bank account or want to avoid paying high fees for buying bitcoin. Here’s a step-by-step guide on how to use a Bitcoin ATM How to Use […]

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Bitcoin ATMs are an excellent way to buy bitcoin if you’re unfamiliar with the process of buying bitcoin online. They’re also a good alternative if you don’t have a bank account or want to avoid paying high fees for buying bitcoin. Here’s a step-by-step guide on how to use a Bitcoin ATM

How to Use Bitcoin ATM

  • Find a Bitcoin ATM Machine near you using an online directory.
  • Set up your account by providing the necessary documents, ID Card, or driving license.
  • Enter your bitcoin wallet address into the ATM.
  • Insert cash into the ATM
  • The ATM will then dispense the equivalent amount of bitcoin into your wallet.

Remember that Bitcoin ATMs typically charge high fees (around 6% or more), so they’re not the best option if you’re looking to buy bitcoin cheaply. However, they can be a convenient option if you’re looking to quickly and easily purchase small amounts of bitcoin without having to go through an exchange or meet up with someone in person.

There are several limitations to each transaction. For example, most Bitcoin ATMs have a minimum charge of $20 per transaction. However, upper daily maximums can be as high as $9000, depending on the ATM supplier.

Want to read more about Crypto and Blockchain? See our Blockchain content hub.

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How to Stake NFTs and Earn Income From NFTs https://respawnfirst.com/how-to-stake-nfts-and-earn-income-from-nfts/ https://respawnfirst.com/how-to-stake-nfts-and-earn-income-from-nfts/#respond Wed, 13 Jul 2022 11:42:11 +0000 https://respawnfirst.com/?p=50315 Since we are in the bear market, long-term hodlers and those who want to earn passive income through crypto are looking for ways to increase their profitability. Airdrops, staking, and yield farming are great ways to earn through crypto but do you know? You can stake your NFTs as well. You can stake your NFTs […]

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Since we are in the bear market, long-term hodlers and those who want to earn passive income through crypto are looking for ways to increase their profitability. Airdrops, staking, and yield farming are great ways to earn through crypto but do you know? You can stake your NFTs as well.

You can stake your NFTs on staking platforms to earn income and additional returns on your investment.

How to Stake NFTs

Staking platforms allow you to stake your NFTs no matter form they are. You can stake images, videos, art, and what kind of NFTs you have.

You will attach your NFTs to staking platforms to get rewards. Rest assured you will remain the original owner of the non-fungible token.

To stake NFTs and earn the passive income, you need a compatible crypto wallet for your respective NFTs and connect that wallet to your choice of staking platform. What and how much reward you get depends on the NFT and the staking protocol you use.

Additionally, you can stake and lock your asset in a DAO NFT staking pool to not only get rewards but also get governance rights on the blockchain. Some popular NFT staking opportunities are offered by Axie Infinity, Splinterlands, and everyone’s favorite, The Sandbox. Other known NFT Staking platforms include Mobox and Binance NFT PowerStation.

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How to Earn Passive Income With Crypto Airdrops, Staking, and Forks https://respawnfirst.com/how-to-earn-passive-income-with-crypto-airdrops-staking-and-forks/ https://respawnfirst.com/how-to-earn-passive-income-with-crypto-airdrops-staking-and-forks/#respond Tue, 12 Jul 2022 22:34:39 +0000 https://respawnfirst.com/?p=50307 For those who have been in the crypto space for a long time will tell you how important passive income is for hodlers. Especially, in the bear market, passive income can keep you sane if you want to hodl your tokens long term. There are multiple ways to earn passive income with your tokens: Airdrops […]

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For those who have been in the crypto space for a long time will tell you how important passive income is for hodlers. Especially, in the bear market, passive income can keep you sane if you want to hodl your tokens long term. There are multiple ways to earn passive income with your tokens:

  • Airdrops
  • Staking
  • Forks

How to Earn Passive Income With Crypto

Airdrops are rewards you get for participating in the Blockchain’s ecosystem one way or the other. Tokens are dropped in your wallet in proportion to your current coin holdings or the nature of your contributions to the projects as a reward.

Airdrops

Airdrops are token giveaways; additional coins are distributed among existing investors and hodlers. Airdrops happen during the launch of new projects, rewards for voting on a proposal, bug bounties, and promotional purposes.

Airdrops are usually done by developers or founders of the projects. The number and percentage of tokens set aside for airdrops are usually announced beforehand to maintain transparency.

New projects announce airdrops for early users when they are about launch their new tokens, which is a great way to get people interested and create hype around the project. Meanwhile, DeFi protocols offer Airdrops to entice users of other DeFi protocols, and reward liquidity providers.

Staking

The best way to earn passive income is through staking coins. Many Blockchains, including Cardano, Nervos Network, and Solana, offer staking rewards. This of staking as a savings account where you get a percentage of additional coins based on your current holdings.

You don’t have to participate in the project, simply hodl your coins and earn passive income through crypto. Some staking mechanisms lock your coins for a certain time, while others, like Cardano, allow you to withdraw your coins at any given moment.

The percentage of rewards is decided by the developers and founders of the project. Some projects have a fixed rate, while others have a fluctuating rate.

Among the best staking programs are offered by Cardano and Nervos Network.

Hard Forks

The last but not least, Hard Forks are another way to earn income with crypto. Blockchains often experience changes to produce new Blockchains that run parallel with the original. New Blockchains can differ in utility, coin supply, and more. The best way to understand this is to look at Bitcoin Cash and Bitcoin Gold. Both are different from Bitcoin and were created after hard forks, rewarding existing Bitcoin hodlers in the process.

Another more recent example of Hard Fork is LUNA and LUNC.

Personal Recommendation

The best and safest way to earn passive income is staking. Stake your coins with a blockchain that either doesn’t lock your locks or locks them for a pre-determined and pre-announced time. Locking coins for a long period is risky due to volatile market conditions.

Want to read more about your favorite blockchains? Visit our Crypto content hub.

The post How to Earn Passive Income With Crypto Airdrops, Staking, and Forks appeared first on RespawnFirst.

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