7 Sure ways to make a living of cryptocurrency

In a world where cryptocurrency seems to be advancing in terms of adoption and use. Many people have maximised these opportunities and are doing well for themselves through returns from engaging with crypto-related projects. There are over a thousand crypto projects on the Blockchain, each trying to offer something unique to other projects. These unique features have also expanded the numerous money-making opportunities for people who plan to engage with them. With that being said, let us dive into the numerous ways one can make an honest living through the Blockchain,and cryptocurrency at large.

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1 Airdrops

This comes first because Airdropped tokens have changed the life of many people. Airdrops are when a project gives its tokens out freely to the community. Although, it is not as free as one would think because getting an airdropped token requires one to have done or engaged in certain tasks to be eligible. They are a whole lot of tasks on a project could mandate people to do before they stand a chance to be eligible for airdrops. Some of these activities may include:

• Following the project account on Twitter
• Liking and re-tweeting a post on Twitter or any other social media, including LinkedIn
• Downloading a wallet address
• Trading on a certain exchange in other to qualify for airdrops
• Holding a bag of certain coins or tokens to get an airdropped tokens
• Communicating with the demo account of a project before it goes to the main net
• Joining a Discord, telegram or Reddit group
• Referring a certain number of people to a project on telegram or discord.

The list of activities a project would require you to do are endless, and the methods are always changing based on the Blockchain in which the project is built. However, having these Most times, this airdropped tokens might not have value, but over time, it will be worth a lot depending on the use case and the owners backing the project. Most airdropped coins are mostly useless and might never result in anything. However, they are also tons of airdrops that will change your life forever. The key to making it big in the airdrop space is consistency.

2 Blogging

This is my favourite way of making money off the Blockchain, as writing or blogging is my hobby. I love doing it, so why not profit from the Blockchain through it? They are numerous platforms on the Blockchain that offers an avenue for writers to make huge money just by writing. What makes it easy is that you write whatever you know or feel comfortable writing. So, authors could earn by putting their content out, and people who love such articles or posts can drop a like on it or, in other words, upvote the posts. These likes or upvotes translate to rewards in numerous forms of cryptocurrency payments depending on the platform one is using. Many blogging platforms exist, such as Leofinance, Hive blog, PublishXo, blurt, whaleshares, serey.io, etc. My favourite of them all is the leofinance and hive platform. Both are interconnected as both leofinance and Hiveblog were built on the hive Blockchain.

Earning through Blockchain by Blogging involves almost the same path one earns while doing it off-chain. However, for most Blockchain blogging platforms, originality is encouraged. You earn through your proof of brain and your stakes (Curation). It means you must create content that is yours and not someone else's published content. You will not earn from copying other people's articles; you could be muted from continuously doing that. Originality is a keyword on this platform. The good thing also is that this platform has a community for everyone. This way, you could connect easily with other people while building your reputation and writing skills while earning in crypto.

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3 Gaming (Play to earn)

The amount of money in the gaming ecosystem will shock you and make you rethink what you could achieve through gaming. Blockchain offers that options for games to earn while having fun. It has never been this easier for gamers; doing what you love and getting rich is a new experience for games to explore. With developers building many games on the Blockchain, gamers who play and interact with these games earn handsomely. Rewards could be in the form of collectables, earning a coins or the game tokens, which could be sold for fiat or earning unique NFTs. There is no need for an introduction to what NFTs are and how rewarding having a Unique one could be.

I have no technical knowledge of how these game developers make their money, but I know that most game companies off-chain are big-time multi-millionaires, and that's spreading into the Blockchain too. They are games built on numerous Blockchain and offer various game types. However, you need to decide the game you want to earn from and make sure that you are very good in other to earn richly from it. As I said, games are built on numerous on-chains, meaning you can only convert your rewards to fiat by converting your collectables to chain coins or tokens first (It might not apply to all games).

As I said, I am not a gamer, but I know over ten games which could make you rich. All you need is to dedicate your time and attention towards getting better at the games while you enjoy them. Bonus tips are that do not focus on the earning at the set go. Instead, enjoy the game and get better; then, you will be astonished by how much you earn. Examples of games you could earn from are:

• Axie Infinity
• Splintersland
• Gods Unchained
• My neighbour Alice
• The Sandbox
• Raising star
• WOO (world wresting Organisation)
• Decentraland
• Age of Rust
• Illuvium

4. Mining

Mining is a big deal in the crypto ecosystem, and many miners mine this cryptocurrency. However, not every cryptocurrency is open to being mined. Also, how these tokens are mined differs from one another. They are tokens that the project's owners will open up to mining and will involve the miners to put in place some things to efficiently and effectively mine. Machines mostly do this mining, and this machine could cost a fortune to set up and acquire.

Mining could be profitable, especially when you have a great electrical-powered site, and supercomputers are also in place to facilitate the mining. As I said, not all tokens could be mined, and some tokens could be mined through the use of supercomputers, while for others, it could be through using their platform (The case of Brave, Presearch) and for some, you have to mine through their applications (Case of Bee, Alpha network, star network, Satoshi, sweat coin etc.). For Bitcoin, though, expensive supercomputers that consume heavy electricity are needed.

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5. Trading

You can also buy and sell cryptos like traditional buying and selling products and commodities. Many people make it big from this, although starting your trading journey might involve much capital, just like the traditional traders. Many traders on the Blockchain are trading numerous coins and tokens in the hope of making profits at the end of the day. The concept of buying low and selling higher applies as this crypto trader seeks to buy a coins for a low valuation and sell at a rate higher than they bought it.

They are numerous trading markets in which traders trade these crypto assets. While some traders do their trading through decentralised exchanges, most of them prefer conducting their trading activities on centralised exchanges such as Binance, Houbi, Gate, and so on. All these traders' end goal is to profit at each trading session's end. So, most times, these traders sell their coins faster than the average person on the Blockchain. The rate of turnover they can do is how much they would earn.

This traders sometimes makes losses, especially when the tokens in their wallet devalue or rekt. This results in big losses for them, so trading involves a traders being on the lookout for any information about the crypto market. Access to information as they are happening sets most traders up for success, as you need to be aware of the current market happenings to position yourself well.

6. Content creators

With Content creators cashing out big time through their content produced on social media such as YouTube, Instagram, TikTok, Facebook, and Snapchat, it is only right to have platforms like that on Blockchain. Numerous platforms offer exclusive rights to all your content published through their platform. Whether you are a skit maker, a musician, influencer, you could publish your content on the platforms listed below and still earn cryptocurrency:

• 3speak
• Flixxo
• Theta
• Content Box
• Mycelia For Music
• You42

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7. Stakers/Hodlers:

Through DeFi, you could do more with your tokens than just holding and expect the token price to shoot up. There are things you could do rather than wait, and that's where DeFi comes into play. Defi gave many tokens or coins numerous uses. Coins have gone beyond holding. You could do numerous things like staking , lending, holding to earn other tokens etc. Defi changed the game.

So, you could earn by staking your tokens and earning mouthwatering returns, as many platforms offer high APR for staked tokens. You could stake your tokens on centralised platforms or decentralised platforms. Based on experience, the Decentralised platforms offer juicy APR compared to the Centralised platforms. Examples of decentralised exchanges offering staking options are Aave, Cake DeFi, Pancakeswap, Julswap, etc. The centralised exchanges that provide staking options are Binance, Bybit, Nexo, Crypto.com, OKX, KuCoin etc.

Other Notable ways in which one could earn from cryptocurrencies are:

• Microblogging
• Yield farming
• Providing Liquidity
• Fixtures trading
• Creating your project
• Bounties