Evaluating the prospects of ICOs

The first step for a beginning investor in this market is to evaluate projects offering to buy their tokens. So far, there is no infrastructure for independent and professional asset valuation in this sector. Investors have to rely on themselves. To learn how to make money on ICOs and not go into deficit, you will first need to invest in more than one loss-making project.

When choosing an ICO to invest in, you should pay attention to the development team. To place tokens, you do not need to have great resources and technical skills. The market is not regulated by the state in any way, unlike IPOs, fraud is rampant.

Prospective ICOs account for less than 10% of the total share.

If in the development team will be famous people who have previously worked on other startups, it greatly reduces the risk of losing money. It is undesirable to invest in projects of people who have no career history and achievements. Particular attention in the analysis should be paid to the personality of the founder of the company. When Bredan Eich, former CEO and founder of Mozilla, conducted the ICO of his new project, it took him only 30 seconds to raise money.

An important metric in choosing a project is its liquidity. How easy it will be to sell to intermediaries and consumers. People who know how to make money from ICOs recommend investing in new technology.

It is better to invest in tokens, which will not have a material backing. Otherwise it is not clear why they will grow in value. Unlike stocks, which pay dividends and give holders corporate rights, company tokens give access to services or products at a discount. Tangible asset-backed tokens are unlikely to increase in value because they are not backed by in-demand new technology, but by ordinary production resources.

So, the main points when investing are:

• The team;
• leader of the developers;
• liquidity of the idea.

The difference with earnings from conventional cryptocurrencies

Bitcoin, ether and other cryptocurrencies are popular assets for investment. They are easy to buy, and the rapid growth of market capitalization even allows you to earn something. About 800 cryptocurrencies have been developed so far. Most altcoins are of no use to anyone, they will never interest an investor again. But even if you don’t risk investing in new altcoins and build a portfolio of proven currencies, market cycles coupled with general market nervousness will quickly turn capital into nothing.

When investing in tokens, an investor looks first of all at the project. He can at least roughly guess whether it will be successful or not. No one knows what the price of a new altcoin will be in six months, and it is difficult to make even a rough prediction due to market volatility. If, however, the project for which money is being raised has a clear structure and achievable goals, the likelihood of success is realistic to predict.

Investing in tokens through ETH

At the moment, there are specialized platforms through which developers conduct the initial placement of their tokens. It is convenient to do this through the Ethereum platform.

Initial placement, which is carried out on the Ethereum platform, is carried out thanks to the Smart-contract technology. It is a protocol that exchanges money for services and goods without the participation of third parties. All the user has to do is transfer currency. This reduces costs and helps achieve transparency between the investor and the team.

With the prospect of project development, it is better to keep tokens until the last moment. At some ICOs the growth of their value exceeded 50,000%.

Thus, companies offering ICOs are easy to find, but it is hard to choose a promising project. Most of the initial offerings turn out to be a failure for investors, the remaining few percent bring a profit of thousands of percent. A lot of tokens are sold through the Ethereum platform, where they can be purchased for the corresponding cryptocurrency.

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Is it possible to earn cryptocurrency without investing?

There is always an opportunity to earn passively. For example, staking programs with USDT can bring up to 12% per annum. That is, investing 100 thousand dollars, you will get 12 thousand dollars in a year with nothing to do. But this is if you have some start-up capital. If you don’t have it, earning on cryptocurrency is still available to you. Say, free NFT games with withdrawal. There are not many of them, but they are available.

Method 1. Cryptocurrency affiliate programs

Making money on Bitcoins without investing is available to customers of most cryptocurrency exchanges. Usually such exchanges use several methods to attract new users. Among them – affiliate (or referral) programs.

The essence of the affiliate program is that the registered and verified user receives a personal link. He can place it anywhere at his will. Every person who clicks on this link and starts trading at the site will bring the owner of the link bonuses.

As a rule, bonuses are given out in a working token of the site or in some cryptocurrency. Example: You invited an acquaintance to the Binance cryptocurrency exchange. Depending on your activity on the site, you can get up to 50% of all trading commissions for this referral, which he pays to the exchange. Of course, the more referrals, the bigger the payout.

When thinking about how to make money on cryptocurrency, consider a special kind of affiliate programs available to authors of popular blogs. The author places a referral link on his blog and receives payments for each user who clicks on it and starts trading on a cryptocurrency exchange. Such programs are usually more profitable than standard affiliate programs, because the payouts are larger and the potential reach is wider.

Pros and cons of affiliate programs

Main advantages: you don’t need to trade on the platform to get bonuses. Affiliate programs do not require starting capital. You only need to place an affiliate link almost anywhere, inviting everyone in a row.

Main disadvantages: you have to be socially active to earn well. Bonus payments are usually made in working token, which needs to be converted to your convenient cryptocurrency, and this requires commission costs.

How much can I earn?

For example, let’s take the affiliate program of Kraken cryptocurrency exchange. Here, earnings on cryptocurrency through referrals is 20% of their trading fees. Let’s say your referral closes three trades a day and pays $1, $10, $100 commissions for them. You receive 20% of each commission, i.e. $0.20, $2 and $20. In total, you will earn $22.2 per day from one active partner.

Method 2. Bitcoin cranes

How to earn on cryptocurrency for the beginner? One of the easiest ways is Bitcoin cranes. This is the name of special platforms, which pay users rewards for performing simple tasks. Usually they are watching commercials, registering and posting on forums, writing reviews.

For each such action on the account of the user “drops” a little money. On reaching the minimum limit, funds can be withdrawn to an external wallet. Additional payments are possible to receive due to bonus programs and loyalty programs, many of Bitcoin cranes introduce such today.

The main characteristics of Bitcoin taps:

• timing – the time that must pass between performing tasks;
• rate – the amount of remuneration for the execution of a typical job;
• limit – the minimum amount that can be withdrawn from the site.

To make it clear how it works: ClaimFreeCoins has the rate of 20 satoshis (the minimum Bitcoin unit), timing – 5 minutes, but there is no limit. This means that in 1 hour you can earn 240 satoshi, and in a working day (8 hours) you can earn 1920 satoshi.

Pros and cons of Bitcoin cranes

Main advantages: you do not need any investments, special knowledge and equipment, only free time and the simplest PC or smartphone/tablet.

Main disadvantages: Bitcoin cranes do not bring significant profit, even with the highest activity it will be only a few dollars a day.

How much can be earned

Example – Bitcoin crane FireFaucet. Rate from 10 satoshi, timing 1 minute, limit 40 thousand satoshi. You can earn at least 600 satoshi per hour, or 6000 in 10 hours, while you are working non-stop. This yields a minimum of 0.00006 BTC or $1.371096 USD.

Method 3. PTC Websites

Considering how to make money from cryptocurrency without investing anything and without any special knowledge, many stop at this method. PTC websites are similar to Bitcoin cranes. The difference is that on the cranes the tasks are different, while on PTC there is only one type – the user needs to click on the advertisements. There are no timings on PTC websites, but there are other parameters by which they can be compared:

• potential returns;
• list of cryptocurrencies;
• minimum withdrawal.

Most PTC sites determine payouts according to the roulette principle. The user literally spins the roulette wheel before watching the ads and the number that falls out reflects the potential earnings. The higher the number, the more coins the user will get after watching ads. Coins – the internal currency of PTC websites, which is exchanged for real money.

Pros and cons of PTC websites

The main advantages: no special knowledge is needed, there is no need for powerful equipment (a smartphone is enough), no minimum deposit is required.

The main disadvantages: the same as for Bitcoin cranes. That is, you can not provide yourself a substantial income, even if you do not take your eyes off the screen for 16 hours a day.

How much you can earn

For example, take Start click. Not the highest paid, but proven and reliable PTC site. Offers a universal answer to the question of how to make money on cryptocurrency without investing. Pays an average of $0.01 per click on ads. Plus bonuses for activity and referrals. You can earn up to $10-15 per day, but you will have to try very hard.

Method 4. NFT games without investment with withdrawal

Earning cryptocurrency through games is a fait accompli. The first such game appeared in 2017, it is the well-known CryptoKitties. Today there are hundreds of them, free with withdrawal – dozens. The difference between NFT games and regular games is that the characters and in-game items in them are non-exchangeable tokens. They are sold and bought on the internal marketplace of the game, and the funds can be withdrawn to an external wallet.

An example of an NFT game is Blankos Block Party. Registration is free and the game is available on Windows and MacOS. Is a competitive MMO in a cartoon style. While completing various tasks, players receive “blanks” for which they can buy and sell NFT items and characters. Also, all NFT are sold for cryptocurrency, they are easily withdrawn to the wallet MetaMask or similar.

Pros and cons of NFT games

Main advantages: some NFT games are free, require no starting capital. The gameplay is fun, allowing you to combine business with pleasure. Most games are socially oriented.

Main disadvantages: to count on a substantial profit, you need to quickly understand the basic mechanics of the project and constantly “farm”, and it is very time-consuming.

How much can you earn

Axie Infinity is one of the top projects. In general, the game requires investments at the start (to buy the first characters). But you can start for free if you rent monsters from someone (the game itself encourages this practice). Starter monsters cost 200-500 dollars, but at advanced levels there are characters for 15 thousand dollars and above. Here is the answer to the question of how to make money on cryptocurrency without investing.

Method 5. Participation in Airdrop

Airdrop is a marketing strategy that allows you to promote cryptoprojects by introducing a native site token into circulation. Let’s say a new blockchain is launched. In order for its working token to get high liquidity at launch, a certain amount of coins is distributed to users for free. Sometimes this requires a series of simple actions, say, subscribing to the project’s community in some social network and reposting the said post.

When considering how to make money from cryptocurrency, not many people consider this option. That’s because airdrop is not as well known as PTC websites or NFT games. In addition, not all cryptocurrency exchanges offer users to participate in airdrop. For example, Kraken is one of the largest platforms in the world, but does not offer airdrop. On the other hand, airdrop is available at Binance, which is another representative of the top rankings.

To participate in Airdrop, it is enough to have a verified account, no special actions are required (except those specified in the terms of Airdrop).

Pros and Cons of Airdrop

The main advantages: to participate in airdrop, you just need to register at the site and be verified (the latter is not always required). It is earnings on cryptocurrency without investment and special knowledge.

The main disadvantages: you need to know proven sites with profitable offers; airdrop does not give really a lot of coins; additional actions may be required.

How much can be earned

It is difficult to name even an approximate amount. Each new project has its own conditions on airdrop. As an example, let’s take a cryptocurrency COTI, for which Binance recently held an airdrop. The conditions were as follows: you had to buy COTI, and as an ardrop bonus, the user would get 25% of the amount of coins he bought for free. Let’s say you bought 10 thousand COTI, and received an additional 2.5 thousand. At current exchange rates, that’s $280.5.

Method 6. Completing tasks for cryptocurrency

This is one of the most popular answers to the question of how to make money on cryptocurrency for a beginner. Many sites that work with blockchain conduct alpha tests of new features. For the tests, they ask users to perform simple tasks, offering some cryptocurrency in return. This is a common practice and can be found on major platforms.

If you are interested in this cryptocurrency earning option, the easiest way is to find a specialized aggregator site like Cointiply or Cryptomininggame. Such sites collect tasks from different sites and provide them in a conveniently structured form. Or they form their own pool of jobs. It can be participation in a survey, registration on a new platform, testing a support bot in live chat. Due to the variety of tasks, everyone has the opportunity to pick up a variant of earnings, based on personal preferences.

Pros and cons of performing tasks

The main advantages: to start earning, you need to register on a special platform, nothing more. You do not need powerful equipment, special knowledge, start-up capital.

The main disadvantages: according to the ratio of profit and time spent, this is far from the most effective way of earning. Tasks with the most profitable conditions are not so much, on aggregators they are quickly dispersed.

How much can I earn?

For example, let’s take Cointiply. This is one of the largest aggregators with tasks that allow you to earn on cryptocurrency without investment. The site can be accessed through a personal computer or smartphone with iOS/Android operating system. It always publishes a lot of tasks of different types – from viewing ads to writing reviews. If you actively work for 4-6 hours, you can earn about $5-7 USD per day. For more time there is simply not enough free tasks.

Withdrawal

How to earn on cryptocurrency without investing? You can use affiliate programs of cryptocurrency exchanges, bitcoin cranes, PTC, perform various tasks for cryptocurrency. All these ways of making money from cryptocurrency do not require any investment or knowledge, only time. But they have one common problem – they don’t allow you to earn much. So if you are interested in how to make a substantial amount of money from cryptocurrency, there is only one option – cryptocurrency exchanges. They are free and offer many ways to make active and passive money.

The post Making Money on Crypto-currency Without Investing – Top 6 Ways appeared first on Trend_Coin.

Surely you have heard the word more than once, but each time you did not understand its meaning. This article will tackle what mining is, what is the main idea behind it and will also take a look at mining equipment.

What is mining

Mining is the mining of cryptocurrencies. But for sure this definition does not make any sense to you. So let’s rephrase it a bit: mining is the confirmation of transactions in the Blockchain network.

Transactions are transactions, i.e. the transfer of funds. For example, you transfer some bitcoins to your friend – this is a transaction. Such a cryptocurrency transaction cannot just happen. For the transfer to take place, the transaction must be confirmed. That is exactly what miners do. The process of confirming transactions is called mining.

What is mining about?

Transaction validation is the entry of data about that transaction into a new block. Once the data is entered, the transaction is executed (that is, the transfer is made). Then the next blocks will be formed – but for the next transactions. Built blocks do not disappear, they cannot be changed, they stay forever – this is how a chain (chain) of blocks, or Blockchain, is formed.

Each block is formed by calculating a special key (hash). This key is designed to protect the contents of the block (that is, the transaction data). Due to the fact that there is a key, no one can delete the block or change the information recorded in it.

The essence of mining is that finding this very key is not an easy task. Dozens of miners are fighting for its solution – the first to find a key gets a reward (in the form of a certain amount of coins which participants of a transaction “deposit” as a commission). And the first to find the key is the one with the most powerful mining equipment.

You, too, can start decrypting blocks (i.e. mining) and get rewarded.

What is an ASIC-miner

It is a mining device that performs computational operations in an attempt to find the very key (hash). It consists of the following parts:

• The body. It performs a protective function;
• The power supply unit. It rectifies the voltage and reduces it;
• fans. Responsible for cooling the parts;
• The circuit board. It has all the electronic components: chips, transistors, capacitors.

Can I get rich buying an ASIC miner?

Yes, you can. You need to start the mining process according to the instructions from the manufacturer and then the blocks will be decrypted. The process can go on without stopping, even around the clock. But there are a number of factors that affect the amount of your profit. Here they are:

• hash rate. This is the performance of your equipment, that is, how fast it can “search” for keys (decrypt blocks);

• the size of the block award. The bigger the better;
• power consumption. Your ASIC unit will consume electricity, so you need to pay for the electricity;
• 1 kWh rate. The more expensive electricity is in your area, the less you will earn.

There is another important factor – the current rate of the cryptocurrency. You will receive a reward for decrypting blocks in the corresponding digital currency. And the latter tends to drop in value. If that happens, you will lose money – because sooner or later you will need to exchange cryptocurrency to real money (in order to spend). But it’s not all so terrible: the coin can rise in value – then you will get a big profit.

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