ETNA Network

zlow (34)in #etna • 3 years ago

Whether you’ve been in the investment game for a while now, or if you’re just getting started, know that there are many ways to earn passive income cryptocurrency. In this post, we’re going to break down each method to help you get started as soon as possible.

1. Invest

The number one way to get started earning passive income with cryptocurrencies is to simply invest. If you buy a cryptocurrency at a low price, and then it goes up over time, that’s passive income.
Some investors diversify into multiple cryptocurrencies, profiting off of Bitcoin as well as altcoins. This is the easiest way to get involved. Simply buy and plan for the best.
From here, many investors claim it’s best to hold. After all, the crypto space is considered by many to be quite nascent.Experts and financiers claim there’s a long way to go before these assets hit their peak. If that logic is to be followed, now is a fantastic time to invest and hold for a while.

2. Staking

Staking is a newer passive income method in the world of cryptocurrency, but it’s a pretty easy way to get started. Some blockchain networks are built on a proof-of-stake consensus method, meaning that blocks are verified by dedicated users of the network, rather than mining through proof-of-work.

To become one of these users, you must stake, or “lock-in” the network’s cryptocurrency.

Each blockchain has its own minimum threshold of staking as well. Meeting those requirements ensures you become a validator – the network is trusting you to verify transactions.

All you need to do from here is leave your computer on and connected to the network, as well as hold your staked funds in the network’s wallet. By doing so, you earn rewards.

The more you stake, the more you earn! On top of this, staking is much better for the environment than mining, so you’re doing good for the planet as well. Eventually, many blockchain networks will make the shift to proof-of-stake.

3. Lending

Staking and lending platforms are part of the decentralized finance wave – the moving of traditional finance to blockchain networks.

With a traditional bank, your funds are lent out to others in the form of loans.

You earn interest as a result of this, but a small rate decided by the bank. On a DeFi lending platform, you can also stake your assets and earn interest in the form of the network’s token. Also, since there’s no need for a third party, you can see anywhere from a 5%-15% increase compared to traditional rates.

That, and you can make your own loans on the side, alongside your staked assets being loaned out automatically.

Essentially, you can profit on interest from the platform’s lending as well as with your own loans. In return, the platform sees an increase in value for their token. It’s a win-win situation!

4. Gaming

This might sound weird, but it’s totally possible to earn passive cryptocurrency income by playing games on the Ethereum blockchain network, as well as other dApp supporting networks.

There are tons of collectible-style games that have you invest in a character, use it in-game so it inherits value, and sell it off later on.

While this does require some amount of effort, one could argue playing a game is fun and the income it would generate is passive. You’re not putting in more money to make money – it just requires that initial investment.

Some games you don’t have to put much time in at all, and the asset will grow by itself. Do some research and find the blockchain-based dApp that works for you. Maybe you could earn from your playtime!

About ETNA Network

We know about “Cyclops Finance” this is a а blockchain organization thаt started аѕ а Hybrid gaming biological system wіth а plan tо coordinate in-game NFT resources іntо а Decentralized acquisition аnd borrow stage. ETNA Network is a one-stop shop for all things DeFi, NFTs, and gaming. User-centered technologies that will revolutionize the crypto space and aid in the adoption. Cyclops Finance is a blockchain company that started out as a Hybrid gaming ecosystem with plans to integrate in-game NFT assets into a Decentralized borrowing and lending platform. Enabling a seamless integration of finance and gaming on the Ethereum Protocol.

ETNA Lending and Borrowing Functions: The trading platform that also includes lending and borrowing sequences is named ETNA. This dedicated platform runs on the tenets of the Binance Smart Chain and aims to support the adoption of the DeFi technologies. ETNA's adoption of the DeFi technology is done to deliver customer-centric solutions. Lending and Borrowing on ETNA is programmed to be simpler and supports a larger extent of use cases. On ETNA, the users can secure a loan against NFTs as a collateral. So, any NFT owner can provide their NFT to the lenders and get a loan. For users staking the native ETNA tokens as collateral for the loans, no interest rates are charged. When it comes to the DeFi-oriented aspects of the platform, users can now lend and borrow, transact in the marketplace, and engage in regular contests to earn rewards.

Features of ETNA:

Conglomerates Marketplace:- ENTA offers its users unrestricted access to trade on all available cryptocurrencies using the Broker buyer type exchanging process. Through this, exchange products and remittance access interspersed enables ETNA users to perform trading with no need to own many cryptocurrency wallets

Borrowing And Lending:- ETNA presents its users the avenue to borrowing and lending using NTF as security for a loan, of which it's the first platform that gives its users such access. Also, there's less interest attracted to the lending, and no interest for lending is taken when ETNA token is used as the security for the lending.

Monthly Return On Assets:- ETNA makes it possible for its users to have 18% annual percentage yield for every BUSD deposited. Also the user gets rewarded with ETNA tokens. For instance if a user deposits 100busd, the user receives 10 ETNA tokens monthly and 18% annual yield return on the deposited stable coin.

Also users can earn about 27% annual percentage yield of any amount of ETNA deposited by the user.It doesn’t end on gaining returns on deposits, ETNA has made it possible for its users to earn 50% annual percentage yield and bonuses when the user uses the liquidity-Earn feature to farm ETNA.

ETNA Token Sales & Exchange Listing: Etna has performed its exceptional token sales on a pool of renowned platform with the prospect of serving as a security token. Etna was sold during its ICO on Pancakeswap where ETNA is supported with BNB, ETH, BTC, BUSD USDT and DAI. Pancakeswap is another DEX which is adopted by up coming ICO projects whereby its later Listed & traded on Cointiger, MXC & Pancakeswap with an expectation on more tier 1 and 2 exchanges underway.

Tokonomics:

Token Name: ETNA Network
Token Ticker: ETNA
Network: Binance Smart Chain
Total Supply: 100,000,000
Staking 40,000,000
BBT Marketplace 30,000,000

Fund Allocation:

Presale 10,000,000
Liquidity 6,000,000
Team 3,000,000 (locked for 2 years)
Development Fund 5,000,000
Partnership 5,000,000
Foundation 2,000,000

Roadmap

Author

User Name : ahabite
BTT profile : https://bitcointalk.org/index.php?action=profile;u=2620198
BSC Wallet : 0x8B27fEf635a465a80a6325c94692b7fa3bBbe5A2

#apr #blockchain #defi

3 years ago in #etna by zlow (34)

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