Passive income, money coming in from sources day and night without actively working, is not only possible but is actually happening with crypto. Many tokens offer dividends and staking, and I see crypto eventually replacing a chunk of my income. This passive income continues to grow as I reinvest and find new staking opportunities. This is the sixth installment of the Crypto Passive Income Report, where I track monthly income from staking, dapps, dividends, faucets, and apps.
My main focus this month (and next month) is to balance my portfolio across multiple chains, de-risk, and simplify. I still want to grow the number of income producing coins and tokens, but I am working to avoid overlap. As a crypto sardine (the opposite of a whale), I am excited by my progress, steady growth, and a number of future opportunities.
Below are the results for the month of February 2021 with a brief description and discussion:
Apps, Dapps, and Dividends
Fold - Fold is an app that includes a daily spin for free Bitcoin, pays BTC rewards for buying gift cards, and as of November, includes a Bitcoin Rewards Debit Card! All three products are awesome and for 2021 they are onboarding more users and expanding to new countries.
From FOLD = 60,200 sats
Brave is a fantastic browser. BRAVE is built around privacy and ad blocking. Most months my tokens fall between 12-25 BAT, so this month is right in that range.
From Brave = 15 BAT
GlobalHive instantly pays out ZCash, which to me is way better than waiting to hit some threshold that I might never reach. I didn't check in here much, so earnings were down compared to last month.
From GlobalHive = ~ 0.0009 ZEC
Rollercoin is a mining simulator that has games that allow you to earn real BTC, ETH, and Doge. When I'm bored I head over there, play a few rounds, and watch my "hash power" grow (which leads to more crypto!). I don't earn much, but it adds up over time. I have a couple miners that earn even if I don't play any games. This month they added their own token, RLR, to the "mineable" list. So now we can play games and then reinvest our earnings into miners that earn more passively. Awesome!
From Rollercoin = 1800 sats (BTC) and 0.7 RLR
BSC
I moved a chunk of holdings onto BINANCE Smart Chain, where I'm pursuing some nice yields on assets I already hold (ETH, BNB, etc.). I beat the start of the big wave from Ethereum it felt like, so I got to ride pretty much everything up.
When I first moved funds to BSC, all those vaults with low gas fees caught my eye. I'm testing a few platforms (Acryptos, Autofarm, and Beefy) to see how they perform over time for if and when I add more funds to BSC. I'm looking forward to a few more data points in a couple of months, but in the meantime I'll let the autocompounding do its magic!
From CAKE vaults (on Autofarm, Acryptos, and Beefy) = ~ 3.4 CAKE
From ACSI vault (on Acryptos) = ~ 2.6 ACSI
TRX
A number of dapps on the Tron network pay dividends from their earnings, which has led to some excellent staking opportunities.
Wink - WIN, DICE, and LIVE are all tokens for wink.org. All three pay out automatically, which I appreciate! Here I am simplifying as I shift from WIN to DICE and LIVE.
From Blink = ~ 0 BNB
From WIN = ~ 7.4 TRX
From DICE = ~ 118.6 TRX
From LIVE = ~ 245.3 TRX
TronGameCenter - TGCT is a series of games that pay high scores with TRX and tokens (BTT and 888). They have a native token, TGCT, that can be frozen for daily dividends paid from ad revenue from the games and another token TGCD, that can be frozen for weekly dividends.
From TGCT = ~ 5.5 TRX and 18 BTT
BetFury - You might know Betfury as the site that gives out free Bitcoin (and now BNB!), but they also can provide a nice income from staking their BFG tokens. My plan is to invest much of my dividends into more mining to continue to grow my passive income. I am now getting BTC, BNB, ETH, TRX, BTT, and USDT daily! My goal is to keep building up the BTC and BFG tokens.
From Betfury = ~ 3500 sats (BTC)
DLive - BTT earned from all platforms is staked on DLive. Last month saw a big drop in dividends under their new model and this month saw a big increase in price, so I am working on unstaking and redeploying somewhere else. It takes 14 days to unstake, so earnings were quite a bit lower!
From DLive = ~60 BTT
Staking
Tron - Staking rewards from freezing and voting for a Tron Super Representative = ~181.25 TRX
I vote for two community Super Representatives which gives me bandwidth and energy to interact with dapps as well as TRX staking rewards that I can reinvest. One of my SRs, Sesameseed, automatically stakes on ONE, ICX, and ONT, so my income is technically growing on these chains as well.
Tezos - Staking rewards for baking my Tezos = ~ 0.13 XTZ
Tezos was my first staking coin. It pays ever 3 days and requires no work whatsoever, which is the true definition of passive income.
Cosmos - Staking rewards for delegating my ATOM = ~ 0.06 ATOM
Staking cosmos requires collecting and redelegating my claimed ATOM. This process entails a network fee, so I limit myself to one withdrawal a month.
Zilliqa - ~36 ZIL
This is my third month staking ZIL and I am very happy with the estimated 15% yield. Like Cosmos, I have to manually claim for a small fee, so I am limiting withdrawal and reinvestment until the number gets higher.
Cardano - ~0.95 ADA
Another newer position that I have been adding to bit by bit. I am hoping to significantly grow this position in future months.
Final Thoughts
I am happy to see income growth from diverse sources.
Some highlights:
- Combined 370 TRX from Wink platform
- Binance Smart Chain added to the list with lots of staking opportunities
- Bitcoin keeps accumulating! (Rollercoin, Fold, Betfury)
What's next:
I feel hopeful for the year ahead in crypto income. In just a few short months, there has been noticeable growth in most categories. Looking forward I will reinvest and look for new income opportunities.
Thank you so much for reading and thank you to this amazing community! Please comment with any thoughts, suggestions, or passive income milestones of your own.
