While many people enter the crypto space for quick gains—this isn’t always the best idea. Especially at a time when markets are extremely volatile and current prices are suffering a downturn (in-line with the wider global economy). If crypto is going to become mainstream, people need to stop gambling so much on short-term gains and think about the long-term. After all, proper investing isn’t about “getting rich quick”.
That’s why crypto projects that offer good passive income returns are the future. While these coins might not “moon” and buy you a Lamborghini within a few weeks, they still have good price potential. But obsessing over hourly charts shouldn’t be what sensible investing is about, and these coins also give you sensible returns over months and years. They stand out as viable alternatives to traditional investments. And despite recent Federal interest rate increases, traditional lending rates are still very low.
That’s why we love both GNOX and Binance Coin for their passive earning potential. Let’s have look at how you can benefit from them:
How GNOX gives passive income to the masses
One pain point for many traditional investors (both retail and institutional) is that understanding some of the main principles of DeFi investment strategies can be complicated. Things like loaning protocols, liquidity pooling and staking can be hard to understand and hard to manage for normal people. And if crypto really wants to hit the mainstream, these normal people are the ones who are going to need to start investing.
The good news is that these issues are solved with GNOX, and it acts as the ideal bridge between digital currencies and the old-school traditional world. With it’s custom-built all-in-one platform, regular investors get to enjoy passive income benefits without having to control staking strategies themselves. They’ll still get a say on how the investments take shape via regular votes, but everything will be taken care of for them thanks to GNOX’s treasury of funds. The funds are re-invested on holders’ behalves and then proceeds are paid out every month to users. Real passive income, without the stress. With Gnox.
How to earn passive income with BNB Coin (BNB)
As a crucial part of the wider Binance exchange ecosystem, BNB Coin offers a number of passive income benefits. It can be staked and invested in a range of different ways to get real returns over time. Binance also recently announced the Binance Vault, to help simplify things and give staking and pooling benefits to users in one simple interface. While BNB Coin holders will still have to select how and what they want to stake (unlike GNOX which takes care of everything), it still simplifies the overall process considerably. Making it much easier for newcomers to the crypto investing world.
We love both BNB coin and GNOX for their passive income potential. And as crypto becomes more accepted over time, these long-term gains may be the future of the digital currency space.