If you’ve been investing for more than just the past few years, then you know that the markets are like pendulums. They swing to and they swing fro. You can always be sure that bull markets will turn into bear markets and bear markets will turn into bull markets eventually.
We’ve been in a bear market for a while now, so don’t be surprised if the bull market comes flying around the corner. For those who are ready to ride, here are three crypto projects that offer both passive income plus a potential price windfall.
NEAR Protocol (NEAR)
NEAR protocol is a Layer 1 blockchain similar to Ethereum. The NEAR team is on a mission to build a permissionless, decentralized cloud computing service focused on increasing speed and lowering transaction costs. The native token of the NEAR network is used as a currency for transactions, as well as for governance. NEAR can also be staked for passive income.
Developers who believe in NEAR are putting their money where their mouth is. For example, a permissionless, decentralized exchange called Orderly Network, recently completed a $20 million financing round funded by big names in blockchain such as Three Arrows Capital, Pantera Capital, Dragonfly Capital, and Sequoia China among others.
As with most altcoins, NEAR has fallen around 90% from its all-time highs. However, NEAR looks like it might be a good bet for the future. Soon, the entire supply of NEAR will be in circulation. There won’t be any sell pressure left from early investors. NEAR is all but sure to moon when the bull market comes around again.
Cronos (CRO) is the native cryptocurrency of the Crypto.com ecosystem. This popular centralized crypto exchange’s super powers are its easy-to-use mobile app, its low-cost crypto trades, and its staking rewards. In fact, Crypto.com was a pioneer in crypto financial services including crypto-backed credit and debit cards and the ability to send and receive crypto. It’s natice CRO token, is used mostly for staking.
Crypto.com’s amazing growth is due to its laser-like focus on providing an intuitive user experience making it an appealing choice for new crypto investors who want more than just the handful of tokens available on apps like Robinhood and PayPal. The company is investing quite a bit of money into marketing and promotion in an attempt to make Crypto.com top-of-mind among retail traders. If it succeeds, it could be a big winner.
Gnox Token (GNOX)
Gnox Token is nothing short of a new kind of DeFi investing vehicle. The platform offers crypto investors “yield farming as a service.” This means that all investors have to do to earn passive income via a variety of DeFi platforms is to simply buy and hold GNOX tokens.
A common treasury is funded by a royalty on all aftermarket sales of GNOX tokens. This means every time someone buys or sells GNOX, the treasury gets richer and thus produces more and more passive income.
The majority of the revenue is then redistributed back to GNOX holders via mechanisms such as burning and direct airdrops. The simplicity of the Gnox strategy could be a catalyst for exponential mass adoption of the platform.
The Gnox platform is currently scheduled to launch in mid-August. However, investors are advised to get in on the ICO now. The sooner the better, as monthly burns increase the price of the token to the benefit of earlier investors some of whom have already earned 60% gains. Moreover, all unsold GNOX tokens will be burned upon launch which could greatly reduce the supply and increase the price of the token once it hits the open market.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
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