Would you like to generate passive income with crypto but you don’t know how?
In this article we will show you some methods to generate interest with cryptocurrencies.
A good mix of these methods can provide you with a significant profit margin:
- Content Creation
- Running a Lightning Network
Diversifying your investment practices is a good approach to reducing risk and increasing your cryptocurrency funds.
Staking is essentially about freezing some of your cryptocurrency on your Exchange Wallet to get rewards (i.e. interest).
Here are some cryptos that allow staking as they are based on the Stake consensus mechanism (PoS): Stellar (XLM), Algorand (ALGO), NEO (GAS), Ontology (NGO), VeChain (VTHO), Tron (BTT), Komodo (KMD), Stratis (STRAT) and Qtum (QTUM).
Generally, users with larger amounts of staked coins are more likely to be chosen as validators for the next block, this way they earn more faster.
Depending on the exchange, a very high annual interest rate is guaranteed (ranging from 1% to 20%) when compared to the interest rates generated by traditional financial assets.
Staking can be a good way to increase the funds in your crypto Wallet with a minimum commitment.
All you need to do is keep your tokens on the exchange (without transferring or converting them) and the platform will take care of all the technical aspects that will lead those cryptocurrencies to generate interest for you.
Great news! The Staking service will soon be available on Young Platform.
In the cryptocurrency and blockchain world, the term “Airdrop” refers to the free distribution of digital currencies to the public.
Many projects, in fact, to launch their cryptocurrency, donate a small amount of it to their users to create a community around their products and a market for their crypto.
Stellar (XLM), Bitcoin Cash (BCH) and Decred (DCR) are some of the most successful and largest airdrops.
Our own app, Stepdrop, is named after this concept. For us at Young, every step of your day has value. In fact, you just need to open the app and record your steps to get YNG, our cryptocurrency, and use it to invest in crypto on the Young Platform exchange.
Warning: if you are asked for a private key to receive an airdrop, this is a scam.