More DePIN Power
Everyone wants passive income, but very few do anything about achieving it. Crypto, specifically DePIN, has opened up an unparalleled opportunity to generate ongoing passive income streams. Many Crypto enthusiasts stake Crypto assets to generate yield. However, some avoid staking due to a lack of knowledge and sometimes a lack of investment capital. This is where DePIN comes to the rescue.
DePIN not only provides passive income but also offers a double-whammy effect. I have often referred to Grass in recent DePIN posts, but it’s a good example. Running the Grass application earns you Grass points, which are later airdropped as GRASS tokens. These tokens can then be staked at a healthy APR. The APR has ranged between 44% and 58% since staking went live.
In other words, this DePIN project offers continuous income through GRASS tokens and additional income via staking rewards. You can do this by downloading the Grass application and turning your device into a node in the Grass network. Nodepay is a relatively new DePIN project similar to Grass. I run both of these applications in conjunction with one another.
Accelerated Expansion
Nodepay has an X account with more than 1.3 million followers, which should indicate how many nodes are currently online. Despite being relatively new, Nodepay is gaining traction fast! This is likely due to market participants and node operators realizing how valuable such an opportunity is. Remember, GRASS reached a billion-dollar market cap within days of being launched.
I still earn the same number of points on Grass while running Nodepay, and I have noted that my daily earnings are nearly 1,000 points. This can be boosted via the daily and weekly missions. These are unlocked by completing a 7-day streak, a 14-day streak, a 21-day streak, and a 30-day streak. There is a daily bonus of 100 points, which can be collected every 24 hours. There are also additional social tasks for earning more points.
Nodepay also offers a referral system, another way to increase daily point accumulation. The UI is not as slick as Grass. However, it might be upgraded in time, especially as the project matures and gains additional adoption. The Nodepay mobile application was also recently launched, indicative of demand, growth, and improvement. Judging by the recent rise in attention and adoption, Nodepay could be another great DePIN airdrop and passive earner.
I am very excited about DePIN, as the passive income element is unmatched by any other sector in the crypto space. In yesterday’s article, I addressed another DePIN on the Peaq Network that enables users to mine WN and PEAQ tokens in the future. This sector is an explosion of opportunity. In the coming days, I will be looking to maximize my exposure and participation in Nodepay.
Market downturns affect DePIN token valuations just like any other niche within the altcoin market. However, they tend to rally exceptionally well in bullish market conditions. Unfortunately, severe altcoin corrections will severely impact token valuations and the income generated by DePIN income models.
Final Thoughts
I am happy to have discovered what is a complimentary application to Grass. Running these two DePINs simultaneously for additional earnings is the scenario I have been looking for. There is still a lot of time to mine Nodepay and Grass points. I won’t miss another great opportunity from the DePIN space! All the best, catch you next time!
Sapphire Crypto 