More DePIN Power
Everyone wants passive income, but very few do anything about achieving it. Crypto, specifically DePIN, has opened up an unparalleled opportunity to generate ongoing passive income streams. Many Crypto enthusiasts stake Crypto assets to generate yield. However, some avoid staking due to a lack of knowledge and sometimes a lack of investment capital. This is where DePIN comes to the rescue.
DePIN not only provides passive income but also offers a double-whammy effect. I have often referred to Grass in recent DePIN posts but it’s such a good example. Running the Grass application earns you Grass points which are later airdropped in the form of GRASS tokens. These tokens can then be staked at a healthy APR. The APR has ranged between 44% and 58% since staking went live about a month ago.
In other words, this DePIN project offers continuous income in the form of GRASS tokens and additional income via staking rewards. All this comes by downloading the Grass application and turning your device into a node in the Grass network. Nodepay is a relatively new DePIN project similar to Grass. I run both of these applications in conjunction with one another.
Accelerated Expansion
Nodepay has an X account with more than 800K followers, which should indicate how many nodes are currently online. Season 0 has just ended, which could be likened to the Closed Alpha phase on Grass. Despite being relatively new, Nodepay is gaining traction fast! This is likely due to market participants and node operators realizing how valuable such an opportunity is. Remember, GRASS reached a billion-dollar market cap within days of being launched.
I still earn the same amount of points on Grass while running Nodepay and I have noted that daily earnings are in the vicinity of 1000 points. This can be boosted via the daily and weekly missions. These are unlocked by completing a 7-day streak, a 14-day streak, a 21-day streak, and a 30-day streak. There is a daily bonus of 100 points which can be collected every 24 hours. There are also additional social tasks for earning more points.
Nodepay also offers a referral system, which is another way to increase the accumulation of daily points. The UI is not as slick as Grass. However, it might be upgraded in time, especially as the project matures and gains additional adoption. The Nodepay mobile application was also recently launched, indicative of demand, growth, and improvement. Judging by the recent rise in attention and adoption, Nodepay could be another great DePIN airdrop and passive earner.
I am very excited about DePIN, the passive income element is unmatched by any other sector in the Crypto space. In yesterday’s article, I addressed another DePIN on the Peaq Network that enables users to mine WN tokens as well as PEAQ tokens in the future. This sector is an explosion of opportunity. I will be looking to maximize my exposure and participation in Nodepay in the coming days.
Final Thoughts
I am happy to have discovered what appears to be a complimentary application to Grass. Running these two DePINs simultaneously for additional earnings is exactly the scenario I have been looking for. There is still a lot of time to mine Nodepay and Grass points. I won’t be missing out on another great opportunity from the DePIN space! All the best, catch you next time!
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.
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