Today you don’t have to buy digital currency for fiat or learn the profession of a crypto miner. You can exchange tokens for the resources that are always with you – your attention and time.
Many blockchains, NFT, and cryptocurrency startups are testing different ways to market their brand. One effective marketing tool is giving away tokens like velocity bonuses to focus group participants, new customers, potential employees, or opinion leaders who can vividly tell their audience about an exciting new project. The business model of other projects is built on selling assets, combining the hobby and the opportunity to bring digital dividends to users.
Is it possible to make money on this or form a small but stable passive income? Let’s look at several projects as an example.
Is movement life? Movement is money!
Stepn is one of the first crypto projects based on the Solana blockchain. It is based on the principle of “move to make money. The app, created in March 2021, already has 2.3 million registered users. The project rewards you for your physical activity and actual step counting. But you can’t do without a start-up investment here. To start earning, you need to buy virtual sneakers, which are presented as NFT. There are four types of sneakers on the platform for different intensities and loads: from walking to marathon running. On the Magic Eden platform, the cheapest sneakers cost about $500. And the more expensive the sneakers, the more you can then earn.
When the virtual sneakers are already on your smartphone, going out for a physical run, you press the “Start” button in the app, and magic happens. Your balance starts to replenish. You can buy more pairs of these sneakers, make upgrades and resell them to other users. There are also limitations with the accrual of daily energy points if suddenly you want to run nonstop all day. And although many experts doubt the project’s financial model (whether it gives away more than it gets itself), virtual sneakers are still trending. It is likely that other startups in other sports or, say, cooking will be able to replicate the pioneering experience of this idea. You can come up with your virtual fork for lovers of delicious food.
Learn and earn
Big crypto exchanges are willing to reward users for taking educational courses on their platforms. And this is not charity but a very pragmatic approach to increase traffic, gain audience loyalty, and expand their sphere of influence in the market.
On the Coinbase Earn platform, you can watch animated videos and read articles and then take simple quizzes, earning tokens, albeit not in large quantities. But it does not take too much time to do that either.
Another major exchange, Binance, offers similar options on its Binance Learn platform. You have to have a registered account, and after you study the tutorials and pass the tests, you get a voucher for tokens which you have to use on the exchange itself. The validity period of the voucher is 14 days.
Another exchange Phemex, which announced the introduction of the “learn and earn” system, failed to launch a novelty due to financial difficulties. Unfortunately, incentive programs are the first to go under the cut for many business projects during challenging times.
Cryptocurrency tokens
Finally, we come to the third system of crypto earnings – “play to earn.” One prime example is Axie Infinity, a blockchain game that rewards users with tokens in exchange for various in-game achievements.
Axie Infinity players aim to create and pump up an ecosystem of authentic Axie creatures. At the start, you buy a standard set of animals for fiat money on the marketplace. Each axi purchased is its unique individual NFT, assigned to the player.
In the game’s meta-universe, you create the infrastructure and your economy for your axis. By trading land and developing a farm, you earn income in AXS tokens.
Despite the general decline of all cryptocurrencies, AXS shows steady growth, and the capitalization of the creator of the popular game, Vietnamese studio Sky Mavi, is estimated at $1 billion.
Whatever you choose, you can reach genuinely outstanding results only with discipline and persistence, but if you like gaming, self-education, or sports, don’t miss the opportunity to combine work with pleasure and get additional passive income in digital assets.
A team of MINE.exchange prepared the topic, which is the best electronic currency exchange service. Everything changes for the better!
