A few years ago, stocks and fixed income assets were the most popular avenues for generating passive income. However, with the current rise of cryptocurrencies and blockchain, many investors have taken the plunge to invest in various cryptos that offer utility, innovative features, passive income, or merely a window to pop culture in order to grow their capital.
Two prominent avenues for passive income stand out in the crypto ecosystem: staking or referral schemes. In this article, we will delve into each of these ways along with some cryptos that offer these opportunities to investors, such as DAI, Binance Coin and the emerging DogeMiyagi ($MIYAGI).
How Profitable is DAI Staking?
DAI is a stablecoin firmly anchored on the Ethereum blockchain with a value of $1.00. Birthed under the aegis of MakerDAO, a decentralized autonomous organization, aiming to facilitate borrowing and lending of cryptocurrencies through DAI, while eliminating the need for middlemen. This service is quite valuable as the high volatility of cryptocurrencies made it quite difficult to lend them because the amount borrowed and the amount paid back would be drastically different.
The DAI staking mechanism offers a conduit for individuals to amass rewards by virtue of retaining this stablecoin. The interest rate offered to DAI holders is called DAI Savings Rate (DSR). Recently, MakerDAO approved a proposal to increase the yield by 8% in an attempt to boost DAI’s demand and spur global adoption. This move implies a promising future for DAI and other cryptocurrencies because it will attract more investment in the crypto market and give rise to positive sentiments around cryptocurrencies.
BNB Staking Rewards
Binance Coin (BNB) was created in 2017 on the Ethereum blockchain and is one of the leading cryptocurrencies. However, it later got shifted to Binance blockchain with the emergence of Binance Exchange. It is a utility token that served the purpose of discounted trading fees initially, but now it facilitates payments for transaction fees on Binance Exchange, entertainment, travel bookings and other financial services as well.
Similar to DAI, Binance coin also works on Proof-of-Stake consensus mechanism, allowing users to stake the coin in exchange for lucrative BNB staking rewards. Unquestionably, this avenue engenders an alluring path towards accruing passive income within the crypto expanse, consequently embellishing one’s cumulative investment portfolio on the platform.
DogeMiyagi’s Generous Referral Scheme
In the dynamic crypto ecosystem, various kinds of currencies exist. Some offer unmatched utility while others ride the wave of latest trends. DogeMiyagi is an emerging cryptocurrency, still in its presale phase, that seamlessly merges both. With its innovative features, community-driven approach, and an overall bull market due to rising interest in crypto, it is expected to take the crypto world by storm right after its launch.
Moreover, it offers a highly lucrative passive income stream in the form of a referral scheme. It requires the users to connect their wallets and generate a unique referral code, which they can share with their network and earn a generous 10% commission each time someone uses their code to purchase $MIYAGI. This commission is directly credited to their wallets, eliminating any processing time or inconvenience. In contrast to DAI and BNB staking rewards, the referral scheme is an effortless way to multiply your investment and develop a community with like-minded people.
Refer or Stake?
For investors looking to diversify their portfolio and invest in high ROI assets, cryptocurrencies offer unparalleled passive income opportunities in the form of staking or referral schemes. While DAI and Binance coin allow staking coins in exchange for rewards, DogeMiyagi’s highly profitable referral scheme is definitely the best option to grow your capital.
So, don’t miss out. Join the DogeMiyagi presale today to earn greater rewards.
DogeMiyagi (MIYAGI):
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi