Staking Rewards, Airdrops, and Gamification in the Crypto Space
With the rise in interest of cryptocurrency and Bitcoin breaking $50,000, the world knows something is up with deFi. Decentralized finance is not a topic understood by everyone-not even billionaires agree how deFi will play out. You have your Warren Buffet mentalities that believe in traditional finance and feel that Bitcoin is a bubble that will burst. Listen carefully, because he opposes Bitcoin simply because he doesn't understand it. If you want to become or remain The Richest Man in Babylon, you can't foolishly invest your hard earned funds into vehicles you don't understand.
In the opposing corner, you have Mark Cuban- a tech pioneer who understands the impactful disruption that decentralized finance will cause. Cuban is learning Solidity to gain a full spectrum understanding of what deFi can do. Solidity is the programming language that Ethereum is built on. This interview conducted by the Earn Your Leisure podcast is very informative. At the very least, you can learn of the moves Cuban plans to make in decentralized finance.
Staking Rewards
Staking has risen in popularity as a form of passive income investing.
You buy some crypto, stake it, and gain rewards at regular intervals. The concept of staking has immediate appeal- the crypto can rise in value and additionally give you rewards. Trust Wallet is available on iOS and Android for you to begin staking crypto.
Stakingrewards.com is a great place to visit to research staking opportunities on the crypto market. At a glance, you can see the price, reward percentage, staked value (market cap), and the price change for the last 24 hours. The site offers a healthy range of rewards from a reasonable 3.89% to a robust 34.45%. For me personally, I like to buy crypto which meets my technical requirements and the project should be necessary to the cryptocurrency ecosystem.
It's a must for me to analyze the graphs and press "alt + i" on TradingView to flip the graph upside down. Ask yourself if you would still buy or sell with the chart in the opposite direction. Wondering if a stock has the potential to rise or fall in price? The Fibonacci retracement tool is excellent because it shows you the highs and lows (support and resistance) between two price points. All of the information from the Fibonacci retracement will be erroneous unless it's drawn correctly.
Conveniently, there is a rewards staking calculator so you don't have to speculate. Work with the calculator to determine how much you're willing to invest and see how long it takes you to get your principal back. The site shows you your monthly and yearly expected income from staking. Remember, it's not gambling if your know when you're getting your principal back and then some. ;)
Airdrops
Who doesn't like free money? Here are some airdrops that got my attention today:
1INCH
*Ends in 1 day
0.9 1INCH per winner
1Inch: https://dappradar.com/hub/airdrops
Ares Protocol (ARES) Airdrop
*Ends in 1 day
~$ 600,000 ARES prize pool
https://airdropalert.com/ares-protocol-airdrop
Polygon x Xend Finance Airdrop
20 lucky winners will receive $500 in $MATIC coins on Matic Mainnet
https://airdropalert.com/polygon-x-xend-finance-airdrop
TRON Century Mining Event
TRON Century Mining Event is worth a 5-token gift pack (TRX, BTT, JST, SUN, and WIN
https://airdropalert.com/tron-foundation-airdrop
Gamified Crypto
Decentraland
Create your own assets in Decentraland
For those of you with coding skills who would like to create your own scene in Decentraland, you're going to love this GitHub repository. If you create something, I would love to see it.
https://github.com/decentraland/builder
A boilerplate for Decentraland Dapps => https://github.com/decentraland/dapp-boilerplate
Betfury
Collect free crypto, why not?
If the idea of a faucet attracts you, you might like Betfury. You can collect free BNB and BTC every few hours or so. They also have quite a few games when you're ready to take a break from staring at financial charts and reading documentation.
Trading Bots
You'll make money while you sleep with trading bots but it's not quite that simple. You'll need to be familiar with crypto trading pair trends to ensure profits from your bot continue to flow. Overall I love my experience with 3Commas because I've been profitable.
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