When people take an interest in cryptocurrencies and blockchain technology, it is not just because the technology is cutting-edge and the future; it is because of the money they stand to gain from it.
When people think about making profits from crypto, they think in terms of investing or trading. But these are only the popular ways and, most times, the most complicated ways to make money from crypto as it involves making a significant investment in terms of money, knowledge, and time.
There are other alternatives that enable you to make passive income from your crypto assets. One of such is staking your assets which means saving your coins in a wallet and performing network functions like validating transactions, and in exchange for this, you will be incentivized with staking rewards. If you are thinking of staking your coins, you probably wonder which platform is best for this purpose and which coins you should stake; here, we discuss that.
KCS is the native cryptocurrency for the KuCoin exchange. Holding KuCoin Shares means getting certain rewards like 50% of the trading fees are distributed as dividends to KCS holders, so if you own KCS, you are already entitled to earn something. You can also stake the KuCoin Shares to get rewarded daily.
The function of KCS is to also save on trading commissions inside their native exchange, KuCoin – one of the biggest and best cryptocurrency exchanges nowadays.
Here is another platform where you can earn by simply holding and staking the HRD tokens. Hoard platform is a marketplace for users to buy, sell, rent, and loan all kinds of NFTs, including in-game items, domain names, digital art, etc.
Users can also use their NFTs as collateral to solve cryptocurrency problems, thereby improving the available options that a user has when it comes to how to use their crypto assets within the decentralized finance space. The challenge of finding collateral for crypto loans has also been solved, and users can maximize their investments and get high rewards on their assets. When users stake HRD tokens, they get their rewards in stable coins, and these rewards come in the form of transaction fees on the platform.
This is one of the more well-known crypto infrastructures, which has a great staking and yield program that rewards that you earn annually from staking its tokens. It operates on the Tezos blockchain, which has various features and innovations, including LPOS. Of course, it has smart contract technology too. Staking Tezos on Binance is free, but if you do it on Coinbase, they charge 25%. On Binance, you can stake your Tezos in either of these two ways; you delegate your Tezos and get a 5.50%, or you bake it and get a 6.20% annual reward. There are other wallets such as MyCointainer and Guarda Wallet, where you can stake the coin and get the same rewards.
Parsiq are building a bridge between the “real-world applications” (Web 2) and dApps (Web 3). The project is compatible with multiple infrastructure blockchains such as Ethereum, Polkadot, Solana, Binance, and more.
By executing smart contracts that trigger various IFTT conditions, Parsiq aims to extend the real-world usage of blockchain projects and increase adoption. Their staking program for their token PRQ will be available sometime in July or August.
Formerly known as Matic Network, Polygon is one of the most rapidly growing projects nowadays. Built on top of the Ethereum blockchain, Polygon aims to become the ultimate 2nd layer that scales Ethereum’s activity and interconnectivity with other blockchains with more than 400 dApps and projects already deployed on it.
Polygon delegates and validators can enjoy various high APY with early to long lock-up options.
Here is another great infrastructure project with which you can earn passive income on your crypto assets.
It is a decentralized open-source blockchain network that operates smart contracts using proof of stake authorizations through virtual machines. It combines the Bitcoin and Ethereum blockchains, combining their best features to create a unique and superior product. Users will have access to the best Ethereum and Bitcoin tools. For instance, Ethereum virtual machines run Ethereum smart contracts on QTUM. It is also possible to port the dapps on Ethereum to QTUM. Staking QTUM tokens can be done on platforms and wallets such as Binance, Coinbase, MyCointainer, Guarda, and Atomic Wallets. The annual reward is 6% to 14% of what you stake.
Public Mint serves as a payment system bridging the gap between cryptocurrencies and fiat money as it provides a fully collateralized, insured, and regulated platform for synthetic fiat money. It has a fiat-native blockchain with tools that make it possible for developers to create fiat-enabled applications accepting wire transfers, ACH, and credit cards. Users make payments and transactions on it using tokens pegged to fiat currencies and can tokenize fiat currencies for use on the platform. It is also possible for you to stake your Public Mint tokens and earn rewards on them. Their liquidity program was just launched, and early stakers can make good APY of up to 78%.