Earning passive income with cryptocurrencies is nothing new. Since digital currencies infiltrated the finance world, many entrepreneurs have purchased and held coins and tokens to store value and grow their capital. However, as the market evolves and makes yield-making more challenging, the next generation of passive income tokens is coming to light, and it includes Oryen (ORY), Pancakeswap (CAKE), and Cardano (ADA).
Market watchers are increasingly talking about Oryen, the latest reserve currency based on Binance Smart Chain. The project introduces its native currency ORY, which is used for staking and governance. It is currently on its initial coin offering (ICO) and has attracted many investors in a short span of time.
Oryen is an auto-staking platform that introduces a hassle-free approach through its proprietary Oryen Autostaking Technic (OAT). With this feature, Oryen guarantees a daily return at the rate of 0.177%, which compounds to a 90% annual percentage yield (APY). Investors who buy and hold ORY tokens in their wallets do not need to do anything actively. The OAT system takes care of the entire staking process, with investors receiving interest and rewards automatically.
Backing the fixed returns are the Risk-Free Value (RFV) and the treasury of the Oryen protocol, which work together to achieve a self-equalizing effect on the returns distributed to token holders during periods of market fluctuation. As such, the Oryen project is an ideal investment pick for people seeking guaranteed passive income.
PancakeSwap also offers an opportunity for high passive income. It is a way to swap BEP-20 tokens on Binance Smart Chain. Pancakeswap uses an automated market maker (AMM) model, where people deposit and trade their funds into a liquidity pool and receive liquidity tokens as a reward. Users can then stake and farm liquidity tokens to receive CAKE, which allows them to invest and increase returns in the future.
Another source of passive income is Cardano (ADA), which is an open-source, decentralized cryptocurrency and blockchain platform that was created in 2017 to support the transition from a digital-only world to a mixed economy. Cardano is designed to continue evolving through soft forks, providing users with the ability to upgrade their network without disrupting older chain holders.
The bottom line
Oryen (ORY), Pancakeswap (CAKE), and Cardano (ADA) make up the next generation of passive income makers in the cryptocurrency space. If you want to boost your earnings in 2023, buying these three crypto assets could be an excellent way to do it.
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