Many investors are unaware of the passive income potential which exists within the cryptocurrency space. There are projects today generating multiple thousands of dollars a month in passive income which cost only a couple of thousands of dollars to buy into a few years ago.
These passive income opportunities which often come in the form of nodes, masternodes and staking offer an investor an additional vector for income generation that does not exist in other markets.
Around six years ago, Dash was the first project to introduce the concept of a masternode. A masternode is an online computer that assists with the computational processes required by the blockchain. In exchange for the services provided by the online computer (masternode) the blockchain rewards the masternode with crypto.
When Dash first introduced their masternodes, one could be purchased for around $10,000 ($10 x 1,000) - Masternodes require a specific amount of collateral to set up and in the case of Dash, the collateral requirement was 1,000 DASH.
Today, that same masternode is worth over $120,000 and generates around $6,000 in yearly income. These masternodes have continued to generate daily income for the entire period and will likely continue to for many more years to come.
What makes masternodes so appealing is once they are set up, there is no additional work or configuration required.
It's been at least six years since the first masternode was deployed and today there are well over 300 projects which offer masternodes. Today, there are even more sophisticated versions of masternodes falling into the Web 3.0 and DeFi space, some of them offering extraordinary returns.
More recently FLUX, a decentralized web3.0 project introduced Nodes and today their stratus node generates over $2,500 in monthly revenue (+$30k/yr).
This node could have been purchased two years ago for $2,000 ($0.02x100k).
Now, (two years later) this same node costs almost $200,000!
In the case of FLUX their premier node has been generating many thousands of dollars worth of revenue for their node holders each and every month over the last few years.
Dash and Flux are only two examples of successful node-based projects. In the early days, investors were discouraged by the technical requirements necessary to set up and configure masternodes. Today, it's become much easier to set up and run a node/masternode.
For those not looking to delve into the technical aspects of nodes or masternodes, there is another passive income option that doesn't require any technical know-how, staking.
Many of the top 10 ranked cryptocurrencies offer investors the opportunity to 'stake' their holdings which can earn anywhere between 5%-14% per annum. Some of the newer platform projects such as Avalanche and Polkadot are offering 9.24% and 13.94% returns on staking respectively.
Crypto staking involves "locking up" a portion of your cryptocurrency for a period of time as a way of contributing to a blockchain network. In exchange, the blockchain reimburses the contribution in the form of additional coins or tokens.
Many crypto exchanges, like coinbase and Binance now offer their members the opportunity to stake within the platform.
Staking can be a good way for investors to put their holdings to work, earning daily rewards. Staking can be a relatively low-lift and low-risk method to grow your crypto portfolio.
What are the top passive income crypto projects?
Nodes, Masternodes and Staking are three of the more popular passive income opportunities which exist within the crypto space. However, as with all cryptocurrency projects, not all projects are created equal and with each project does come its own set of risks.
To help navigate through the various passive income opportunities, we have put together a shortlist of the best passive income opportunities in this space. This list includes masternodes, node-based projects and staking. To learn more about this, check out the report below.
Passive Income Shortlist
For our members, we have put together a shortlist of some of the best passive income opportunities in the cryptocurrency market.
In this shortlist, we identify multiple masternodes and node projects which we believe have excellent growth potential. Two of which are currently available for under $1,000.
The passive income side of cryptocurrency is continually growing and we are seeing new and exciting developments in this space. As we have seen in the past, those investors who get in early on these new projects have the potential to see incredible passive revenue potential. As this niche is of particular interest to me, I'll be publishing more reports and the many new developments taking place in this space.
Until the next report,