I have been watching some Telegram groups lately and I am sensing a new trend of project type and it concerns holding on to their tokens or coins and then passively earn BNB or sometimes another coin. Of course, this can be a good marketing campaign providing people the right incentive to buy the main token being advertised...who would not want to have passive income, right?
But of course, we are always skeptical...do you think that a program like this can really make it and last...and be really successful? Or will this just be another metamorphosis of the meme token avalanche?
Not sure which project you're talking about right now, but I think PoS is much better than Pow.
I stake and give liquidity on many projects at the moment, my favorite is Banana on ApeSwap. And of course SKILL because I like to play this game where the SKILL is earned.
An example, through this game I earn around $ 50 a day in this currency, which I then convert into a liquidity pool with BNB, so I earn Banana that I stake again to get more banana. Or any other coin on Apeswap. The same procedure can be found in Uniswap, Pancake and actually many other DeFi platforms.
BNB / Skill is currently giving me 400% APR.
The additional banana staked from this farm gives me an additional 129% APR.
It's actually like I mentioned it somewhere in this forum,
every bounty hunter here will play blockchain games in the future. And the sooner you find out about it, the better and more profitable it is. It always pays to be one of the first somewhere.
I almost forgot, of course you can stake banana or gnana there and earn BNB