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It's one thing to work your way to earning one million dollars. It's another thing entirely to have your money earn one million dollars for you. Ideally, you want to do both. With it looking more and more like we're near the bottom of the bear market, now is the time to start thinking about where to put your hard-earned money so it can work for you. Here are a few assets that crypto investors might want to look at as potential passive income-generating investments.
The Tron blockchain was originally conceived as file storage, content delivery, and micropayments platform designed to cut out the middlemen such as YouTube and Patreon. However, Tron recently got into the stablecoin arena in hopes of making micropayments more familiar to content creators. If it works, the ploy will greatly increase demand for the TRX token.
Staking Tron offers holders an average return of 5% APR. If you're holding TRX for the long term and you believe it will regain and surpass all-time highs, then it only makes sense to stake your stack. If TRX gains mass adoption, it could foist your holdings up over the $1 million mark.
The Gnox platform is specifically designed to act as a store of value that also maximizes passive income through yield farming. The Gnox team calls their strategy "yield farming as a service." Finding the best yield farming opportunities takes a ton of time and experience. It's not for everyone. However, if a platform such as Gnox can hit on a formula that makes it easy to earn passive income with crypto it could soar to mass adoption pretty quickly.
And, frankly, you can't make investing in crypto much simpler. All you have to do is buy and hold the GNOX token in order to get exposure to a diversified portfolio of top cryptocurrencies that have great growth potential and also offer passive income through lending, staking, and liquidity pools.
Gnox launches this August. Launching at the end of a bear cycle gives GNOX the advantage of there being no psychological resistance levels on the way up. Anyone who gets into GNOX before launch is pretty much guaranteed to see a gain in the value of their stack right out of the gate as all unsold tokens will be burned as soon as the presale ends.
You can't yet buy GNOX on an exchange, but you can get involved in the ICO at the Gnox.io website.
At the beginning of the year, Crypto.com, a popular centralized exchange renamed its blockchain to Cronos (CRO). With its easy-to-use mobile app, low-cost crypto trades, juicy staking rewards, a large selection of coins and tokens to trade (about 250 – far more than Robinhood or PayPal), and its massive marketing push, Cronos is quickly growing in popularity with crypto investors and just might be the next millionaire-maker.
As with TRX, if you're holding CRO tokens then it only makes sense to stake your stack for passive income in order to get to one million more quickly.
Join Presale: https://presale.gnox.io/register
Website: https://gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
Instagram: https://www.instagram.com/gnox.io/
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
