Way # 1: steaking

Stacking is the blocking of a certain amount of coins in a cryptocurrency smart contract to generate a guaranteed passive income. Stacking is an important aspect of Proof-of-Stake (PoS) projects, as it also affects the security of the network and ensures that it can function. In fact, blocked coins are a guarantee of your integrity.

It is possible to participate in Ethereum stacking even with a minimal amount of funds on the most popular cryptocurrencies

However, there are pitfalls here. The “guaranteed” passive income can actually depreciate completely if the project’s price drops drastically, or it turns out to be worthless altogether. That’s why it’s best to participate in staking proven cryptocurrencies with a solid development team, working projects and other indicators of seriousness.

In the middle of the month, we shared a guide on how to stake Solana SOL using Ledger Live app. Inside are screenshots, recommendations and personal experiences. We recommend checking it out to get a better understanding of the topic.

Method #2: GameFi and Play-to-Earn

The Play-to-earn (P2E) concept allows you to earn tokens during gameplay in blockchain-based apps. It didn’t become very popular until 2021, meaning that almost all crypto projects in this area are essentially “pioneering”.

Play-to-Earn


An example of a P2E project is YoStep, which we were introduced to earlier this month. You don't have to run or walk around to get coins, though, because it all comes down to performing certain actions on an exchange.


According to Cointelegraph’s sources, some games have initial investment requirements, so gamers will have to look for other ways to earn crypto first. But there are also protocols like Yield Guild Games, where a player can borrow the digital asset they need and make a profit during gameplay.

Way #3: crypto for freelancing

With the growing popularity of remote working, the decentralised nature of cryptocurrencies has opened up opportunities to contribute to the digital asset ecosystem and earn money at the same time. All you need to do is find a job for a remote job where you can get paid in crypto.

Incidentally, things aren't exactly smooth sailing for cryptocurrency companies right now. Very many firms in the industry started laying off their employees en masse a few months ago. One reason for that is the general decline of the crypto market and the consequent drop in their profits amid the collapse of Bitcoin and other coins. In addition, during the market's growth phase, companies have been blatantly over-reliant on hiring.

Method #4: hunting for airdrops

An airdrop is a free distribution of cryptoproject coins to members of its community. Generally, airdrops are given away to early or active users. This may be either a completely gratuitous giveaway, where users are just required to subscribe to social networks, or a bounty, which is givingaway for reposting, creating content and so on.

There are entire websites for participating in airdrops, one of them being Airdrops.io

One type of airdrop is also a retrodrop, which is a coin giveaway for a cryptoproject that has already achieved some success in the market and wants to reward its early users while increasing its popularity. One prominent example of retrodropping was the token distribution of the decentralised exchange Uniswap the year before last.

Note that airdrops are especially popular during a bull market, because they make it easy for project developers to get the attention of investors. In conditions similar to today’s, such giveaways are relatively rare.

Method #5: Distribute referral links

This method is useful for those who have an active page in social networks with a large number of subscribers. Among them, you can spread your own referral link to one of the popular crypto exchanges – for example, FTX or BitMEX. The exchanges reward their clients in the form of a portion of the commissions paid by their referrals from trades.

Referrals also have their own bonuses. For example, the FTX exchange makes commissions for them lower by 5 percent or more depending on the volume of FTT tokens in stacking on the exchange


Naturally, experienced investors also use a dollar-value averaging strategy. In other words, they buy coins for a fixed amount at a certain period of time. For example, they use 10-20 per cent of their salary to buy crypto, that is, they do it once a month. Usually, this kind of strategy for the long term really works: especially if the investor gets involved with promising projects and is willing to wait many months for a bull market to occur.

We believe that accumulating crypto in a bear market is the most logical investment scheme for the coin market. The main thing here is to be prepared for further drawdowns and not to invest what one cannot afford to lose.


After getting coins, the only thing left to do is to wait for a new bullrun to increase your investment many times over with our cryptocurrency. We’ll discuss other important developments in the blockchain world there too.

SUBSCRIBE TO OUR CHANNEL ON TELEGRAM. THERE’S EVEN MORE INTERESTING NEWS HERE.