Hey Friends of Eden! Happy New Year! Normally one might expect some kind of special prophetic word for the beginning of the year, but I’m launching into something I think can transform your year and ultimately your financial future if you decide to dive in and learn. This article is significantly longer than my usual blog articles because there is so much information to cover, but I think it is worth spending the time on.
Let me begin by saying that I know a lot of people are skeptical about cryptocurrency, and it’s because we have been raised in a system that is all about keeping us bound in debt to that system. Crypto is, I believe, one of the key methods God plans to take the wealth of the wicked and give it to the righteous in this season we are in. God always works with mankind and we see quite often in the Bible that He uses human agents (Abraham, Sarah, Moses, Elijah, Gideon, Deborah, Nehemiah, Mary, Peter, Paul, etc.), and along with humans he uses the systems we make and live with to accomplish His plans. Crypto has the potential to be that very agent–a means by which we bypass some of the wickedness in the financial system and set up new ways of buying and selling that reduce outside control over us and our finances. All of this means that we are actually more-free to steward those finances wisely and prosper how God designed. Imagine if we were so prosperous we could actually lend and not borrow and be the head and not the tail like the Bible tells us. Imagine if instead of wondering how we were going to transform the world around us, we had enough resources for our daily lives and to bring the transforming power of Jesus to others in very practical ways. I believe that wisely investing in cryptocurrency is a key way we can accomplish this in this hour, and while it isn’t the only way this can happen, I think it is a window God has opened for us right now. Now that you understand why I think crypto is so important, I’m going to explain what it is and how you can get involved if you so choose. I also have a number of referral links and other links you may find helpful so you may need to bookmark it and come back to it later. Also, some links work better from a phone. Now, let’s get to it!
Everyone reading this is going to be in a slightly different place, so I’m going to go from most basic to most complex in the things I’m going to put out there for you, as well as try to express what I think the level of risk is with each option. What I am saying isn’t advice on what you should invest in but rather some information and a series of options and observations of what and how you can invest based on what you feel are the best decisions for your life, investment plans, and level of risk you want to entertain. I have also tossed in a few points about how the banks and government don’t actually work in your favor, but that’s just a fact, not investing advice.
If you are new to cryptocurrency entirely, crypto as a whole is a bit like normal fiat currency, or regular cash-money, in that there are all different kinds of it. For example, the Japanese Yen is a different currency than the American Dollar or the Chinese Yuan, but all of them are currency and can be used to buy and sell. And yet, each currency is only usable in the right place. There are many different cryptocurrency tokens (basically a coin, or type of currency) out there, but most have heard of Bitcoin (BTC) and Etherium (ETH), as they are the primary two. Different tokens operate off of different blockchains, where a blockchain is essentially an ongoing coding process that records transactions in a linear fashion. It occurs in “blocks” that link one to another, hence the name “blockchain.” One of the positives about blockchain technology is that it makes it very hard to counterfeit, although a weakness is that once something moves on the blockchain it is nearly impossible to retrieve and often hard to locate, which means scamming and theft are easier to get away with if one knows how.
So why do we care about Crypto and blockchain technology? Partly because it will be used more frequently in the future, so much like the early internet days of the 1990’s, as it’s going to grow and evolve but still be around, we might as well start learning to use it now. From an investment and asset-growth perspective, if it’s going to be around for a long time, the sooner we get involved the more we can potentially profit over time.
But Bitcoin costs around $50,000 right now. Haven’t we already missed out? No. Certainly people who bought BTC at $3 ten years ago and held onto it are doing quite well for themselves, but as a whole, most people didn’t do that and Bitcoin, is, in reality, a forerunner for the entire industry. It’s the one most people have heard of because it’s the first, but in reality it isn’t the best. In fact, in my opinion, Bitcoin and Etherium are some of the worst cryptocurrencies as far as function goes, but they are fairly safe investment holdings to have simply because they are old and well-known. I liken Bitcoin to gold and Etherium to silver–both aren’t going anywhere, but most of the time people don’t make massive life-changing gains from owning them. You can, however, still make money with them, so they’re not bad to have, necessarily. It all depends on your investment strategy.
To invest in crypto, you have to first be able to buy and store crypto. There are a growing number of exchanges and marketplaces to buy cryptocurrencies, and some aren’t available everywhere (KuCoin, for example, isn’t available in Texas for whatever reason). I primarily use Crypto.com to buy and sell, and have found it to be a very versatile platform with over 2500 different crypto coins available to buy and sell, but Coinbase has some good educational options that Crypto.com doesn’t have, so that may be a better platform for someone starting out, but really, if you do both you have more options available to you. There are some coins that aren’t on those exchanges (especially newer coins, and many meme coins), so you may have to end up on a few different exchanges, but to get started, I personally recommend the following because they are all ones I actively use (The links below are referral links). Once you buy crypto you will also want to look into wallets and learn a bit more about Seed Phrases, but this is already going to be longer than I want so I encourage you to research what wallets are (Trezor and Ledger are hard wallets — there are also paper wallets, electronic wallets, and probably more I have forgotten), as well as what a seed phrase is and why it is important you keep it safe.
Crypto.com – https://crypto.com/app/wk58jtdar5 to sign up (Use the link, we both get $25 in crypto)
Coinbase – https://coinbase.com/join/king_mxo5
Maiar Exchange App (EGLD and MEX) – https://get.maiar.com/referral/e3su9gwakf
Uphold – https://uphold.com/signup?referral=1f91a17bae
Free Bitco.in – https://freebitco.in/?r=10396951
I primarily use Crypto.com, but Coinbase, Maiar, and Uphold are useful for
1) backup options in case an exchange goes down temporarily (I’ve had it happen before)
2) I use Maiar for the EGLD and MEX tokens which I am moderately invested in and its that token/company’s own platform which makes staking and using it much easier. I also expect these tokens to go up significantly in the next year or two, so plan to buy and hold more of it. Currently you can make around 250-300% APY by staking and farming those tokens.
3) Uphold is one of the only places to buy and hold XRP right now, which is something I expect to go up in the next year or three, so that’s primarily what I use that exchnage for.
4) Free Bitco.in is where I stake my Bitcoin specifically, earning upwards of 4% APY and also I use their free faucet to earn tiny bits of BTC over time (we will cover faucets in the free section). I also hold and stake the FUN token which can increase your rewards on their platform as well.
Now let’s get into the meat of the subject—how can you make money with cryptocurrency? There are few main ways, which I will cover, and then we will look at possible options on how to invest, and what one might use as a strategy for investing (keep in mind this is not an exhaustive list–there are other options out there and I encourage you to use this as a base to get started and learn more, not as a stopping point). The main ways one can make money with crypto are to mine, to stake, join a rewards-based investment system, to buy low and sell high, become a primary investor in a project at the outset, and finally to help out in some way to get free crypto. Becoming a primary investor usually requires a lot of money as well as good knowledge of the potential investment, so we will skip that one and look at all the others as useful investment options.
Mining
Mining is where you run a computer program using specialized crypto-mining equipment in order to perform the computer processes necessary for the blockchain technology to function. Essentially, crypto miners are the reason that cryptocurrency works to begin with. Miners then get paid out in cryptocurrency for the computer calculations (known as hashing or hashes) that their computer hardware performs. These machines are usually expensive, loud, and create a LOT of heat (I used to have a Bitcoin miner) and you have to have a really stable and fast internet signal to get the best benefit. You have to pick which kind of crypto you want to mine, so you can’t buy one device and expect it to work for everything—it won’t. Mining is its own very in-depth subject and while I used to, I haven’t done it in years so haven’t kept up. Antminer is a reputable company that produces and sells mining equipment, so that is one place to start looking. The risks here have a lot to do with your ability to properly manage the equipment and run it properly, the cost of mining the token (initial cost and costs of electricity and internet over time), as well as how the price of the token you are mining changes over time. This type of investment requires some time and research and some very real physical considerations about space, noise, heat, etc.
Buy Low and Sell High
This option is pretty straightforward and doesn’t require much explanation. With this method of investment, it is much like stocks that don’t produce dividends. You buy crypto at a price that you think is good and expect it will go up over time, and if it goes up over time and you sell for a higher price than you bought it at, you win. If the price stays stagnant or goes lower for a long period of time you don’t lose money, but you also don’t make anything so your money just kind of sits there growing dust until something interesting happens. You can strike it big, but you can also go nowhere, much like the stock market, so it all depends on which crypto you buy, how long you hold, and a number of other factors. The risks here are primarily market influences that decide the buying price of the token/coin, as well as having to choose which tokens you buy. If you buy what is called a “meme-coin” (something that basically has no actual usefulness or utility but a lot of people are talking about it, such as Shiba Inu, Shiba GF, Dogecoin, and many others) you might happen to buy at the right time and have it work out well for you. You might also buy at the peak of the hype (and meme coins are all about hype) and then watch the price crash in your face, never to recover. Well, that’s where choosing which coins to buy can get risky. To reduce that risk, I prefer to stick with coins that I see some kind of actual use for. While I am NOT telling you that the following coins are good coins that you should invest in, I AM saying that these are ones I personally like because I see them as having good utility over time. You have to decide for yourself if you agree with my assessment or not, because I’m not spending your money and I’m not responsible for what you do with it– you are. That’s why I’m trying to be very clear about the risks, potential benefits, and what you have to consider when buying.
With all of that said, I personally like XRP (Ripple), EGLD and MEX (Elrond’s tokens), CRO (Crypto.com’s coin), ADA (Cardano), AVAX (Avalanche), MATIC (Polygon), FTM (Fantom), BNB (Binance), and the usual BTC (Bitcoin) and ETH (Etherium). Bitcoin and Etherium are dinosaurs as far as utility goes, and ETH transaction fees (called “gas fees”) are super high, but the Big Two aren’t going anywhere so they tend to be, in my opinion, better low-risk investing options. Low risk also equals smaller gain, but it also usually means less potential loss. Fantom, Avalanche, Binance, Elrond, and Cardano all provide their own platforms that run faster than ETH and BTC and are far less costly, so are ones that I prefer — as well as I prefer to stake in coins and companies that use those networks because it reduces the loss I sustain in gas fees (which with ETH can sometimes run into the hundreds of dollars depending on transaction size, ETH price, and time of day). There are literally thousands of tokens out there, and many of them I have never heard of. Just because I didn’t’ list it here doesn’t mean it is good OR bad. It just means I didn’t list it here. And I am not suggesting that any of the ones I listed here are good investments for you either–I’m just saying I personally like them because I think they have good long term potential—you will have to decide for yourself what tokens of the thousands out there are good choices for you.
Stake
Staking crypto is similar to putting normal fiat currency into a savings account, but in most cases it is more like a high-interest-bearing money market account. To understand why staking crypto is typically far more lucrative than depositing money into a bank account, we have to look at interest rates. APY or Annual Percentage Yield is the amount of money you will earn on an investment in one year’s time. Most savings accounts right now offer extremely low APY. For example, my bank right now offers 0.05% APY on its basic savings account. To put that in perspective, it means by depositing $100, at the end of one full year I will have $100.05. If I wanted to become a millionaire by doing that, well, let’s be honest—no one ever became a millionaire by saving money in a savings account and having no other investments because just inflation alone (usually 3% or greater, but right now it’s much worse) means that the speed at which your money grows in your savings account is slower than the speed that value inflates. Your savings account is losing you purchasing power (which is what actually matters) even if the dollar-amount is growing. Keep in mind that they use that money to invest in ventures that make them significantly more. In other words, they are borrowing money from you to make huge amounts of money for them, and then toss a penny or two in your direction and act like they’re helping you.
Where staking crypto differs is first and foremost in interest rates. Rates go anywhere from 2% to literally hundreds of thousands or millions of percent in APY, but most crypto tend to have anywhere from 2-15% APY. To use the $100 analogy, remember that the bank is offering you 5 cents a year for your money, and crypto is offering you anywhere from $2-$15 for that same money. That is anywhere from 40 to 300 times what a bank will give you right now. As you can see, staking cryptocurrency is a much more lucrative option than a savings account, which is one of the main reasons people are turning to crypto instead of banks (and it’s also one of the reasons the financial industry whales and big banks are getting upset and want it regulated more—we are partially avoiding them and their game and going elsewhere and prospering).
Now, there are a wide variety of ways to stake. I have staked on Crypto.com, Uphold is launching their staking capabilities soon, and I think you may be able to do it on Coinbase too, but those aren’t where I do most of my staking. All of those are fairly low-risk staking options and will usually give anywhere from 2-15% APY like I mentioned before (15% is possible but rare). This is where things get a little more confusing, and where levels of risk come into play because all of this is forms of passive income, and passive income streams are where people can truly move from living paycheck to paycheck to living in an overabundance with more than enough to live comfortably and also give to others freely. Simple straightforward staking on one of these (or other) exchanges is one way to make income through growing your account size over time, but it isn’t the only way. DAOs, Nodes, and other Rewards services are other ways that use a similar concept to staking that will grow your holdings over time, and at a significantly faster rate than the bank.
DAOs
First are the DAOs. What are DAOs? They are super-ultra-high-interest-bearing accounts that provide insane APYs. OHM, or Olympus Dao, is the first of its kind, and almost every other DAO is a fork, or a split-off, of OHM. Other well-known DAOs are HEC (Hector Dao), TIME (Wonderland Dao), KLIMA (Klima Dao), and there are literally new DAOs being spun off every day. The few that are the oldest (OHM, HEC, TIME) seem to be the most stable, but even then they are a new concept so they are undergoing changes as time passes. They work based on a Treasury and Backing system, where they have a crypto treasury full of crypto assets to provide backing for their token, much like back in the day when we used the Gold Standard and used gold and precious metals as a real-life backing for the dollar. This means that these tokens have a theoretical floor price-value based on the quantity of coins and the value in the treasury. HEC recently had their token drop below the floor price so they used some of their treasury backing to correct the price and bring it back up above the floor price.
DAOs make their money largely by being stable assets that can provide liquidity for other trading platforms. Through partnerships with other banks and platforms, when someone wants to buy a crypto but the platform doesn’t have it, they can borrow it from a DAO to provide what the customer needs, and the DAO will collect fees for providing their treasury as liquidity for the other provider. They then in turn pay their investors with high APY for staking our crypto which allows them to provide the liquidity as a service. Now, when I say high APY, what does that mean? OHM’s APY has been around 6,000% to 8,000% in the latter part of last year. If we average it at 7,000% APY, that means if you put in $100 (in crypto value, not actual dollars) then in a year’s time with no other market changes, you would have $7,000 worth of OHM crypto. Again, remember that a bank will give you $100.05 for your $100 in a year’s time, so while there are risks to DAOs, there are also potential risks of not-using DAOs. For me, its not a question of whether to join a DAO or not—I believe I just have to find the right DAOs, and given the extreme volatility of that market, it’s anyone’s guess what will happen in the future.
As far as what one can make, it all depends on what one invests. For example, OHM has been offering about 5-6% Return on Investment (ROI) every 5 days based on the interest it generates (which auto-compounds every 8 hours). This means that in 30 days you will generate upward of 30-36% of your initial investment, and in 3 months provided everything stays the same (token price, APY, etc) then you would more than double your initial investment. In reality it would probably take closer to 2.5 months to double if all else remained the same because of how the compounding effect works.
Now the risks. There are DAOs out there (as well as tokens and other projects) some of which are what we call Rug Pulls—where the developers get a bunch of investors then siphon off the money and tank the crypto, “pulling the rug out from under” the investors. It’s impossible to perfectly know which projects will and won’t be RPs, but the longer one is in business successfully and the more in the public eye the developers/owners are, the less likely of a RP. OHM, HEC, and TIME seem to be doing well enough and I personally don’t believe any of them are RPs. KLIMA, which I mentioned before, is all about selling carbon credits, which I despise, so I personally refuse to invest in it, but someone who is very concerned about global warming and thinks that throwing money at the problem will fix it, if it even exists, may want to give KLIMA a try. The risk for me there is in investing based off of corrupt hoax-“science”, so I personally avoid that one.
Other risks include a major drop in price, as with any token, but you still own the token so if you really want to sell at a loss, you can. The risks include a sudden drop in APY meaning your investment will still grow, but much more slowly. All in all, if you find the right DAOs I think they are fairly low risk, but that is under the condition that you do find the right DAO. Some of the DAOs that are tanking right now are JADE and LIFE, and a lot of investors have lost a lot of money on those projects. New DAOs pop up every day, so finding ones that don’t RP can be risky. One in particular that I personally support and have already invested $$ in is the Immortal Monastery Dao which will be launching officially in Q1 of 2022. I believe it will not be rug-pulling and has a lot of potential to prosper, so I am taking a big risk and investing early. Will it be the right decision? Time will tell, but if you want to check it out, you can find it at Immortalmonks.com, and join their discord group at discord.gg/immortalmonks.
Nodes
Next come what are known as Nodes, or Node-As-A-Service options. The first one that was ever created is $STRONG (Strongblock.io), but newer ones have sprung up since–Soldier, Samurai, Louverture, Ring, Thor, and more are popping up literally every day now. The ones I personally am invested in are Strong , Samurai, and Louverture (in that order) (tokens are $STRONG, $HNR, & $LVT), but I think Thor and Ring might have potential as well. Time will tell, but if I had to pick a single one to choose, it would be Strong. It is both the first of its kind and thus the most stable financially, has the best backing, and lacks the hyper-extreme volatility of some of these new projects, as well as Rug Pulls. Strong has that confidence from me, and while I’m still watching Samurai and Louverture to see if they are worthwhile of further investment, I don’t think (given their history thus far) that the developers are intending to RP or they easily could have done it already. As for how their tokens will perform, time will tell. Just my thoughts.
So how do nodes work? Nodes are meant to replace crypto-mining, providing computational power through a network of crypto nodes that support a blockchain in place of mining. Investors who make nodes make money by depositing a fixed amount of crypto to make a node, and then earning daily rewards from the node. The key here though is that you lose all of the crypto you turn in to make the node. With STRONG, you literally hand over 10 Strong tokens that you will never get back, and in turn you are (currently, the rewards can always change) rewarded 0.1 Strong tokens per node daily. This means that given a stable price of the token, it takes about 100-105 days (depending on gas fees) to make back the initial investment, and everything from there forward is profit. That means that one Strong node, while it does have initial risk, can net you close to 400% APY. If we recall that the bank will pay you 0.05% APY, there is a significant difference in potential income. The other NAAS providers all have their own rules and reward systems, which vary, but each have their own reward payouts for purchasing a node up-front to provide computational power for them to run their system.
How does this make money? If we use STRONG as the example with a market price of $450 per token (a conservative average price the past few weeks), 0.1 Strong in rewards means you are making about $45 a day, which is $315 a week, $1350 a month, and over $16,000 a year. It would cost $4500 plus gas fees to make a node, but long-term the potential benefits are there, provided the project continues with either a minimal price decrease or a price increase. But an extra $1,350 a month is nothing to sneeze at. For some people that’s their biweekly paycheck, so two nodes could double their income in a year. Just some things to consider, but you have to keep the risks in mind.
Now to discuss the risks: First, the risk is that the project tanks through a Rug or because massive whale investors sell a ton of the token all at the same time and the price tanks, sparking even more mass-selloff out of fear. That’ a self-fulfilling prophecy that spirals the token price down. I watched it happen the other day where a price went from $50 a token to $2, and a week later it was at $0.04 and the developers basically abandoned that token. The crypto was dead at that point and even if it stays around, it’s never going to amount to anything any longer. Anything that tanks a coin will mean a major, if not complete, loss for the investor. That’s a risk with any token, but with Nodes there are additional risks. While the APY is pretty amazing, the risk is also more significant than at a bank because with greater rewards come greater risks. If the token tanks shortly after you create a node, you have already turned in your tokens so you don’t have them any longer and can’t turn around and sell them even at a loss. In other words, until you make back your initial investment over time, you are choosing to entertain a very high level of risk. And yet, once you make back that investment, your risk is nonexistent because every day becomes a money-maker for you.
Rewards-Based Membership System
Finally, you can join a rewards-based membership system. I mention this next to last because there is only one of these that I am aware of at the moment, and it functions a bit like a cross between staking, a DAO, NAAS, and a normal bank bond. It is called Hyperverse.
Hyperverse is a referral-based membership system that currently offers 0.5% in daily rewards, but the unique thing about is that it guarantees a 300% total increase in your initial crypto investment. Similar to a Node system, you lose access to what you initially invest, but unlike nodes you have a guaranteed payout that isn’t subject to change at any time. When you hit the full maturation of your rewards membership (at 600 days or when it completes the process of tripling itself, whichever comes first), your membership ends. The cool thing about this system is that for as little as 50 HU, their token, you can re-buy memberships, and you can have an unlimited amount of memberships. This means that if you want to keep compounding rewards, you can re-buy memberships each time your account balance hits 50 HU in token rewards, which starts the clock on a 0.5% payout of that 50 HU as well.
While this might sound a little confusing, it means that you can purchase membership into a rewards system with guaranteed rewards, and you can continue to reinvest in that system as often as you want to increase your gains over time. I know multiple people who have been using this rewards system for almost a year and it has changed the financial picture of their lives. I have only recently heard about it and begun getting involved, so I haven’t seen the amazing gains they have yet, but the system removes a lot of the Node risks because it comes with guarantees the node systems don’t have, and it also allows you to compound your investments through reinvesting a bit like the DAOs do. This is if all you do is buy a membership to passively compound your crypto over 600 days.
Now, a unique feature about Hyperverse, one that is making it incredibly popular, is that as a referral-based membership system the more people you refer, the faster your rewards mature into that 3x gain. This means that instead of taking 600 days to reach maturation, or around 1 year and 8 months, you could potentially do that in 10 months, four months, or if you were very active with referrals, you could literally 3x your membership cost every single month and rebuy new memberships with your ongoing rewards. This is what the people I have seen do very well with this have done—a combination of sharing the referral system and reinvesting on a regular, even daily basis, to accelerate the speed that they compound their rewards.
Now, how does this membership system generate income? Well, for one they provide liquidity like the DAOs do, and they are also at the forefront of other big crypto projects, so the income for them that our buying into the rewards system generates are used by them to fund other projects, and the 3x rewards are the payout we receive as a result of their work with our membership fees. From what I have seen so far they are also working to launch their own DAO as well (Hyper Dao) and with the growing membership rolls they have their DAO will lack the risk of some of these other new DAOs that pop up daily. They are run and owned by some major investors in the Crypto sphere who have backed Etherium and Bitcoin, among other things, and have an ongoing track record of success.
The risks of this, technically, are that you don’t get your money back and they Rug, or that the tokens lose value, but I think the risks of this are extremely low with this particular company’s system. They do really great marketing, have a growing customer/consumer base, and have growing investments in the crypto sphere, all of which create a stability that I have yet to see with other projects, even the other projects I am actively invested in. To join the Hyperverse, follow this referral link and get started: https://download.thehyperverse.net/#/?code=Thekingsofeden
To watch an informational video to understand the Hyperverse system better, you can watch it here: https://www.youtube.com/watch?v=KHP8RdSsuFk&feature=youtu.be
Now, because this is a referral-only membership system, they’re depending on members to help other members enroll. If you have trouble or questions or just want to know more about the system, email me so I can help navigate you through the process. If you haven’t transferred crypto before it can feel a little daunting, but it isn’t actually difficult, so reach out and let’s get you connected.
Free Options
Now, the final way one can get involved in crypto is to do it for free. Well, with the exception of a rewards debit/credit card, it’s not really free, as it is using time instead of money, but time can be used to make money, so it’s just a different, and generally ineffective, means of joining the crypto market.
I use the Crypto.com rewards debit card to earn crypto-back on every purchase I make. To use it, go to https://crypto.com/app/wk58jtdar5 to sign up (Use the link, we both get $25 in crypto). I like this particular method. While it doesn’t balloon my crypto holdings, I am going to be spending money on a weekly basis at the grocery store, filling the gas tank, and more. My bank debit card pays me nothing. This debit card pays me crypto rewards, and I’m still just using cash. How much you get back in rewards depends on the terms of the card you get (the Crypto cards have levels of rewards depending on how much you stake with them), and the rewards are usually more than just crypto-back, but that’s the only one I personally care about. I have a friend who uses a Bitcoin-rewards-back credit card. Again, he probably isn’t raking in the dough with the card, but Bitcoin has consistently gone up in price over time so for him, who is a long-term holder of the token, it’s a good plan because he is gradually adding to his holdings doing something he would be doing anyway. This particular “free” option isn’t specifically free in that there is typically some kind of initiation cost depending on the terms of that card, but it has the potential to take mundane actions that have no relation to crypto and turn them into crypto rewards.
For other free options, you can use a crypto faucet (which back when Bitcoin was super cheap were more worthwhile, but now have diminishing returns). You can use something like the Brave Browser which is an internet browser where by browsing over time, they have tiny silent popup ads in the corner of your screen (not intrusive at all for me as they’re very small and go away quickly) which earn you small bits of the BAT token. This is by no means a way you will ever get rich, but it is one way you can generate a small amount of consistent BAT doing things you are already planning to do, which is one of the reasons I use it. It also has other tracking-blocking features I like, so it’s been a good choice for me. Coinbase offers occasional education modules about new crypto tokens and they often offer a few free tokens for going through their educational modules, so you can earn small amounts of free crypto there too (my Coinbase referral link is up toward the top).Free Bitco.in is the investment account I mentioned before that offers roughly 4% APY, but it also has a free faucet for small amounts of crypto you can add to your investment, as often as each hour if you so choose. All of these options are, again, ways that you can earn free crypto, but keep in mind this simply means it doesn’t cost you cash, but they will all cost you time and energy. Two other faucet-like-things I use (but again, take consistency on a regular basis and patience) are Bitcoin and ETH slots (Basically faucets that want to look cool and use ads to generate revenue to pay you with). You won’t get rich quick, but eventually (and it will take a while) you should get a payout.
Coinbase: – https://coinbase.com/join/king_mxo5
Bitcoin Faucet: https://freebitco.in/?r=10396951
Bitcoin Slots: https://btcheat.com/?i=644089
Etherium Slots: http://ethcombo.com/?i=47925
The main risks with these are ultimately minimal payout for your time spent. I can say that I have received and used the crypto from the Brave Browser, Coinbase rewards, and FreeBitco.in faucet, so for me personally they seem no-risk, but again each person has to decide if these are worthwhile options for them.
Finally, there are some free mining options for Testnet crypto. Now, a Testnet is the testing system a cryptocurrency developer sets up before launching their actual crypto service which is called a Mainnet. I have been involved in a number of these Testnet crypto over the past few years and have already shared some with friends on social media. One, the Pi Network, is preparing to launch its crypto in 2022, and the others are in varying stages of development. With a Testnet, you simply open the app (phone only) and hit their button once a day which helps them test node connections and make sure their work is running properly before they launch. These are also referral-only so you have to use a referral keyword. I’ll provide a list below of the ones I’m doing in case you want to give it a try. The risk here is that the coin flops, the app stops working, or that you just don’t get a lot of value out of the coin once it launches, but the upside is that other than a minute or less a day, you didn’t really lose much if it fails. Joining is not a guarantee of success, and the potential rewards drop over time the more people join, so the sooner you join the better if this is something you decide to take part in.
Pi Network – https://minepi.com/kingdomwarrior612
Bee Network (Bee.com) – https://bee.com/en/download Referral code: kingdomwarrior612
Star Network – https://download.starnetwork.io/ Referral code: kingdomwarrior612
EagleNetwork – https://eaglenetwork.app Referral code KINGDOMWARRIOR
Midoin – https://midoin.link/RaS1 Referral code: michaelking11
All in all, cryptocurrency is a massive market with a wide range of options out there, means and methods of investing and getting involved, and it really just comes down to asking yourself what style of investing works best for you. One major investment key is to never invest more than you can risk to lose. I have chatted with people online who literally used their rent money for the month to invest in something they thought was going to be a sure thing, and were basically praying the price would stop dropping and go back up. That’s a terrible idea and if homelessness is something you enjoy, go ahead and risk your rent money. Otherwise, people should only risk what they can actually afford to lose. Keep in mind I didn’t say risk what you want to lose, I said that you can afford it. In other words, I don’t want to lose anything. I want to make major gains and be prosperous. But I’m invariably going to pick some losers now and again. And when that happens, I still need to be able to continue to pay my mortgage and property taxes without fear because I didn’t invest that money to begin with.
There is much more one could learn than all I have shared here, but my goal is to give you some options on how to get started and some ideas on what kinds of opportunities are out there. I am excited for you. I believe cryptocurrencies are something that have the potential to benefit us all, and I look forward to all the ways this is going to bless you and those around you! If this information has been helpful to you, please share it with others so we can keep spreading the blessing in 2022!
