The Best Way to Earn Passive Income: With Cryptocurrency
As the old saying goes, time is money! But what if you could make money all the time, even in your sleep? If this sounds like a dream, it doesn’t have to be.
With passive income, you can make money 24/7 from anywhere in the world. Generating passive income comes with significant benefits, including financial freedom and early retirement. Passive income is also a backup plan if you lose your day job or outlive your retirement savings.
In today’s world of inflation, a possible recession, and an intense bear market, passive income is more crucial than ever. So how *exactly* can you make passive income?
How Can I Make Passive Income?
There are several ways to earn passive income. There are some methods that include putting in a lot of time and effort at the beginning so that eventually you’ll begin to receive passive income. For example, building an online business or monetizing a blog. You can also earn passive income from buying and renting real estate or investing in the stock market. But perhaps the most increasingly important avenue to explore for making passive income is from cryptocurrency.
Why Choose Cryptocurrency for Passive Income?
Forget about any negative cryptocurrency stereotypes you may hold in your mind because crypto is NOT just for techy hackers and gambling playboys. Worldwide, crypto and blockchain technology is starting to become part of the mainstream with widespread adoption by major financial institutions, significant and credible investors, and major recognizable brands. It’s beginning to manifest itself in real, meaningful ways in our daily lives and you don’t want to miss being part of it. Now is the time to get on board.
Passive income from cryptocurrency provides a great way to help offset losses during market downturns. It’s also a more proactive way to grow your crypto capital than the increasingly outdated HODL strategy. Holding crypto coins for the long term was a good plan in the earlier years of the crypto market, but it’s no longer the best way to earn passive crypto income. Since those early days of crypto, much more advanced financial tools have been developed in decentralized finance with unrivaled potential to build long term wealth. Moreover, investing in crypto has much better earning potential than many of the critical aspects of traditional finance.
With cryptocurrencies, you are, in effect, your own banker. There is no need for custodians or intermediaries. It has built-in trust, is highly efficient, and offers financial privacy. What’s more, crypto’s inherently limited supply safeguards against economically corrosive inflationary policies.
Centralized Cryptocurrency Exchanges vs. Decentralized Cryptocurrency Wallets
There is one very important distinction to make here. Centralized Cryptocurrency Exchanges vs. Decentralized Cryptocurrency wallets. Think: “Not your keys, not your crypto.”
Centralized cryptocurrency exchanges such as Binance and Crypto.com are services that allow you to easily exchange your fiat currency into cryptocurrencies. You can opt to keep your crypto currencies on these exchanges but the risk here is that you are not the true owner of those cryptos you bought, the exchanges are.
The way to safeguard your investment, and to get involved with DEFI (Decentralized Finance) is to transfer your tokens to a decentralized wallet like MetaMask. This means the tokens are in your control, and your Web 3.0 & Decentralized Finance adventure can truly begin. Here is a helpful video series that covers this in detail.
Which Cryptocurrency Should I Choose for Passive Income?
The answer is REX and here’s why: Although investing in cryptocurrency comes with a myriad of advantages, the fact remains that the market is mostly used by insiders and experts, such as financial institutions and speculators. But REX is working to change that.
REX is democratizing finance. It’s doing so by using blockchain technology, eliminating custodians and middlemen, and creating a fully decentralized financial ecosystem that’s cheaper, faster, and much more efficient than the traditional trust system with banks and institutions.
REX is permissionless and inclusive by design. Given the technology of the blockchain, it’s open for everybody, so that if you just get a mobile phone or computer and internet connection, you can access it at will. There are no blocks. No blacklisting. No special admin rights. No elite access. No check for KYC or anything in the contract. Everyone is free to use it.
Furthermore, REX provides educational programs so everybody can understand and use the technology — not just the “experts.” Check out the step-by-step guide to getting started to see how user-friendly they’ve made it. There is a lot of great content on the REX Community Youtube Channel that helps explain the best way to use REX.
How Will REX Create Passive Income?
Rex is a decentralized blockchain-based cryptocurrency that uses smart contracts to provide highly rewarding and flexible time-based investments. REX offers a native investment option called staking, which is locking up tokens for periods of time to gain rewards. This is comparable to a time deposit or certificate of deposit in traditional finance but with greater flexibility and possible gains.
You could also think of this form of crypto as an internet bond. In the crypto world, REX is a staking bond, so you can buy REX and stake it over time. Doing so gives you shares which represent your percentage of all of the rewards generated every day. Your stakes will accrue awards on a daily basis. The additional REX earned by stakers comes from the new daily minted supply, causing the REX token to increase or inflate over time. The token REX supply inflates by a fixed 12.9% per year, and that inflation is distributed to those who hold shares. 12.9% is already much more than the traditional stock market, but in REX you can earn an even higher APY through staking longer. In REX “longer pays better.” This makes REX the best option for passive income.
Tap Into The REX Community
REX has a very passionate and welcoming community. If you have questions, the community is always there to answer any question you may have in the telegram group. Don’t be shy to pop in to learn more about how you can earn passive income from REX from real investors.
With crypto becoming increasingly mainstream, you don’t want to wait any longer to make your first investment. Now is the time to get started. Find out more about Rex at rex.io and start earning passive income today.
Do your own research.
We invite you to take the time to properly understand REX before investing.
Some suggestions are below
If you are new to Crypto, please watch our Youtube REX UNIVERSITY series.
- Listen to the REX TALKS series with Thomas, the Creator of REX.
- READ THE WHITEPAPER! There is also a full walkthrough of the whitepaper here created by DR. Kelly Snook. Former NASA scientist and community member.
- Go through the links on the linktree.
- Read audit 1 and 2 and the hackathon report. These reports show that the code does exactly what is described in the whitepaper.
- You can also audit the code yourself. It is published here.
Meet the community
- Join us on youtube, twitter, and medium.
- Ask any questions in our telegram group, or discord server. Our community is always ready to engage and resolve any doubts or comments you may have.
- Reach out to firstname.lastname@example.org for partnership inquiries
Thank you for reading. Share this article with someone you love if you found it interesting. Learn more at Rex.io.