Best Crypto Passive Income – Parody Coin (PARO), Polkadot (DOT) and EverGrow (EGC)

Best Crypto Passive Income – Parody Coin (PARO), Polkadot (DOT) and EverGrow (EGC)

The number of crypto investors continues to increase as more people surrender to the wonders crypto can do for you. How? Buying, selling or simply holding digital assets can generate massive gains. Parody Coin (PARO), Polkadot (DOT) and EverGrow (EGC)

Can You Make Passive Income With Crypto?

Passive income is money rendered from ventures that you do not have to touch frequently or directly in order to generate profits. The good news is, that this is what crypto is all about! Once you invest in the crypto market by investing your money or by purchasing (and holding) digital assets of a given crypto investment platform, you can just sit back and let it make money for you! 

Earn Double With These Coins

Parody Coin (PARO)

Parody Coin (PARO) is a deflationary utility coin built on the Binance Smart Chain (BEP-20) that has come to provide those who invest in it with a capacity of four passive income streams. These concern minting, trading and selling parodies of popular NFTs. It is currently in its presale stage and is already generating a great deal of attention. 

The platform has three main forms of utility. There is the Parody Swap, where investors can trade any cryptocurrency on any blockchain for an equal amount of Parody coins. The Parody Bridge is a place that allows PARO coins to be sent to other blockchains. 

The Parody Market is an NFT marketplace, where investors may purchase and sell parody NFTs. The PARO coin can also produce parody NFTs from other major blue chip NFTs and Token holders will be allowed to mint them. More so, the unique Paroflection mechanism can generate rewards in the native PARO token.

The Parody Coin is also currently developing its metaverse – the Paroverse -where investors may access a variety of different dApps

Best Crypto Passive Income - Parody Coin (PARO), Polkadot (DOT) and EverGrow (EGC)

Polkadot (DOT)

Polkadot (DOT) continues to break records and has registered high levels of success since its launch in 2020. It is an open-source sharded multichain protocol that unites a network of specialised blockchains to allow for an easier cross-chain transfer of digital assets. Polkadot provides a foundation for a decentralised internet of blockchains -parachains- allowing them to be interoperable.

It has passive income potential, as Polkadot (DOT) makes your money work for you. By staking DOT coins, you put them “to work” and start receiving rewards daily

This is not something that every cryptocurrency will offer, but others such as Calyx Token (CLX) provide similar features. With Calyx (CLX), you can earn a percentage of the fees generated by trades as well as earn fees given the liquidity you contribute to the pool. 

The protocol has its native cryptocurrency, DOT and has done its way up the chain with innovative and revolutionary features. The price predictions for the token are also very encouraging as it is expected to rise to $300 by the end of the year, with a 1500% price increase. 

Evergrow (EGC)

Launched in September 2021, Evergrow (EGC) is a reward token that pays you to hold on to it. It is certainly one of the top cryptocurrencies for passive income as it functions similarly to a stock. More than $35 million (in under five months) have already been paid to its investors which is not hard to believe when Evergrow pays you daily stable rewards. 

These rewards are financed by a tax on EGC transactions, a mechanism that works by taxing all EGC transactions at 14% and 8% which are then instantly distributed in BUSD to EGC coin holders. This amounts to an average of $260 per investor that is paid out daily to your wallet.

Additionally, Evergrow is preparing more income streams such as the first virtual crypto exchange in the world, a virtual NFT marketplace and play-to-earn (P2E) games. These will feature rare NFTs that have a lower supply and higher rewards.

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