Passive Income Is King
If you are involved in Crypto, chances are you are staking various tokens and utilizing the power of DeFi to generate passive income. DePIN is another powerful means of passive income. I have addressed DePIN at length as I see such potential regarding passive income. DePIN is so powerful that anyone with a laptop or mobile device can begin generating passive income.
In the majority of cases, passive income is generated as a result of deploying capital. Earning yield void of investment capital is a powerful dynamic, and though the returns are not necessarily life-changing, the DePIN sector can enhance your passive income. Of course, it all depends on the scale you choose to operate. Purchasing dedicated DePIN miners and building an army of nodes can produce a full-time income.
There are DePIN enthusiasts who travel this road. However, for the average Crypto investor, many opt to run a few profitable nodes and dApps. This is where Hivello comes into the picture. The application enables DePIN miners to monitor their nodes and establish which projects are the most viable for their geographical location. I just downloaded the extension and have already begun earning.
Multiple Nodes & Multiple DePINs
I have earned a little Mysterium and Filecoin, as well as Hivello points which will later be converted to HVLO tokens in future airdrops. That’s another benefit of running the Hivello application, farming airdrop points. DePIN airdrops can be rather viable. For example, my recent GRASS airdrop had a valuation at the local top of almost $600. This is simply passive income generated by an application running in the background.
When it comes to airdrops you never know how viable they will be. However, passive participation via downloading an application is almost always profitable. Furthermore, regarding GRASS, we are now in the second phase of the airdrop and the token currently ranges between $2.40 and $3.00. Earning GRASS points in the second phase could be profitable, as GRASS may surpass $10 in the coming months.
Altcoins are heating up now, and once they begin rallying, the gains are phenomenal. When mining or farming tokens, it’s imperative to consider future valuations, especially if the market is headed toward a bullish phase. Getting your hands on free tokens set to explode in value is a smart move by any standards. DePIN and Hivello provide such an opportunity.
Unfortunately, Hivello does not have an affiliate program so you won’t be able to build a referral network. However, it does have the advantage of mining multiple DePINs simultaneously and earning Hivello points. Hivello is an aggregator that allows users to mine WEB3 tokens without needing a wallet, blockchain knowledge, or prior experience. It’s a great introduction to the world of DePIN and passive income.
Final Thoughts
I am always interested in passive income opportunities regardless of size. Anything that is free and doesn’t require my time can only be viable. The passive element of DePIN is its largest selling point. Essentially, DePIN miners are printing free money. If you are a newcomer to DePIN, Hivello might be a good starting point. All the best, see you next time!
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.
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