5 best passive income crypto projects
Share this article
An editor at Coincrop
04 Feb 2022 | 11 min read
arning a passive income from crypto projects is the goal of many individuals. But how do you get started? Below are 5 passive income projects that may be of interest to you, these projects are relatively new but also very interesting. As ever do you own due diligence and remember to double check the facts.
In this guide:
Disclaimer: All of the information written on Coin Crop is without influence and based on our analysis. No guarantee is offered concerning the accuracy of this information and therefore, any individual following up on it does as such completely at their own risk. Rates are correct at time of publication.
Drip.Network (DRIP) was started in April 2021 and is a community/investment that pays you back 1% of your investment every day for up to 365% each year. There is currently a supply of 1 million drip token and currently 90% of these are locked into the contract.
The DRIP token is the official token of the Drip Network and is available on Binance Smart blockchain (BSC) blockchain-driven protocol this also boasts that it is the first truly deflationary daily return-on-investment. As a truly decentralised blockchain network, it is one of the unique applications of the DeFi segment.
All you have to do is to deposit an amount of DRIP into the Drip Network, for instance $1,000. You do not get this $1,000 back, however, you earn 1% of it back in DRIP every single day. What they say is it takes about three and a half months to get your initial investment back. After that initially period what it produces is all yours.
So how does this project keep paying people? DRIP rewards are paid out from a 10% tax on all transactions. So, here’s the rub, when you put in that initial $1,000, 10% of it goes to a tax pool so you only end up investing $900. This does not sound to good, but everyone gets taxed too on each transaction and this is how you keep getting paid day after day.
Feeder Finance (FEED) aim is to simplify the process by creating a single point of contact for users and investors of DeFi. By Feeder Finance Aggregating all products and services into one place this allows investors to easily track investments across these various places through the Feeder Finance platform. The feeder fund is one of the many smaller investment funds that pool investor money together, this fund is then aggregated under a single centralised master fund. The consolidation of a feeder fund into a master fund that allows for reductions of operation and trading costs, and a larger portfolio has the added benefit of economies of scale.
Feeder Finance is one-stop-all project for yield farming, and they have also launched some auto staking products on FTM as well.
There are currently 48 different products on the platform (at the time of writing) which can be invested into. A product is based on a token, and each and has a certain strategy and this product helps you through the steps needed to be made, and Feeder.Finance tries to make this as simple as possible.
Seedify.Fund (SFUND) is a community-driven seed stage fund, for the gaming industry, this ecosystem uses SFUND, it’s a Binance Smart Chain-powered BEP20 asset, as currency, allowing holders to stake it and earn incentivised rewards, or invest it in order to get guaranteed access to launchpad allocations from token sale events such as presales, ICOs and IDOs
The gaming industry has, and is, a good area to invest into. A game entrepreneur has to submit their project proposal to the Seedify.fund, from here the community takes a vote and if they like the sound of the project and it is passed, the entrepreneur then becomes part of the Seedify incubation program and they will receive their seed fund. The community members can also take part in the success of projects and will be rewarded, thereby forming a decentralized finance (DeFi) seed fund mechanism.
The Seedify launchpad is a great opportunity for blockchain gaming startups to promote their project. The main benefits for SFUND investors to include early access to promising ‘pay to earn’ (P2E) and Startups give Seedify 3% of its total token supply to cover costs, plus transfer some part to the SFUND holders in the form of a reward. And the token holders both support the startup and receive a return on investment.
Hi Dollars (HI) cryptocurrency is introduce to be a democratic system to give individuals the ability to look after their own money, these unbanked and under-banked individuals can globally buy, hold and sell fiat and cryptocurrencies with nothing more than App on a mobile device. Hi.com is a not-for-profit fintech, bridging the divide between traditional fintech and crypto.
You claim a reward by answering a daily question from the bot.hi, this results in a claim for 1 HI$, this currently equates to $0.06, in essence a market incentivised reward token. The App can be signed up through Telegram and WhatsApp, with more social channels to follow.
Position.Exchange (POSI) is powered by a vAMM and operating on Binance Smart Chain, POSI is aim is to bring people and the cryptocurrency markets together and enhance the trading experiences.
POSI offers easy and accessible Derivatives Trading in which users can trade Crypto Derivatives Products fully on-chain transparently, with high security, and privacy. They have designed the trading platform to deliver the advantages of Decentralized Finance whilst also bringing the traditional Centralised Finance experience and tools onboard that people use and know. The interface was designed to be friendly and attractive to allow traders of all kinds to easily trade upon it. The platform is empowered by the POSI token, its native token is serving as the backbone of its Ecosystem.
What is different about POSI is all the fees and revenues from the protocol will be distributed back to all POSI holders by a mechanism called Buy-Back and they Burn fully on-chain. This would mean, just by holding POSI you are a stakeholder and will be able to receive a share from the revenue.
These are just 5 of the many different yield farm options available and more seem to be coming to the market daily, so this is a wonderful time to diversify, and reap from these opportunities. However, make sure that when you do invest, that you do it wisely, and do lots of homework, I am sure that some of these projects could reward with a substantial yield. Please remember we do not offer financial advice but try to give an unbiased opinion of what is in the market.
CoinLoan combine the best of traditional and novel finance helping you borrow, swap and grow your assets.
Compare over 40,509 CeFi and DeFi products across more than 207 organizations here