Passive income from crypto

For Ren, you get a share of fee's when people create or destroy renBTC.

The volume on the darknode network is going through the roof, and will continue to do so as long as people want to use defi with their BTC.

See here for the volume which is very quickly increasing: mainnet.renproject.io/

So far in this epoch, we have averaged approx 100 million btc per day, and there are only 1000~ darknodes currently.

Even IF we stay at 100 mill per day for the rest of this epoch (1 month), that'll equate to:

((100,000,000 * 28) * 0.1%) / 1000 == 2800 euro in rewards per dark node, a full time wage in anyones world per month.

Holy shit there are like 4 STA threads and you still have not even looked into it. This is how I know OP is a faggot.

Also, ren is undervalued because of this math. Ren is definitely going to double in price before the end of September when people realise the rewards that can be had for just having one node in operation. Some early buyers have 2/3 nodes in operation

What is an index fund?

An index fund is a fund that can track a specified basket of underlying investments and in this case: BTC, ETH, LINK all balanced with STA.

The rules are that these coins are set in the fund at a specified percent so as one goes up or down the others are automatically bought or sold to balance risk and maximize profit. HOWEVER, the key is that STA is deflationary (whenever an STA transaction happens for buying/selling/pooling, 1% of the transaction of STA is burned). This token burn + tokens being locked in pooling pressures prices up to again make sure the other coins will be balanced. You also are given a % of all the fees paid in STA transactions up to 36% APY and during a run up to 40,000% APY.

The power of STA is that the ripple effect of: (1) compounded fees, (2) token burn, (3) price pulled up by ETH, BTC, and LINK leads to an exponential effect and positive feedback loop on price.

Can the team dump? No, this is the most decentralized token as the project much like BTC is out of Satoshi's hands, STA is out of the hands of the devs who only own

Oh, and also, the fees are mostly paid in renBTC which means since we're at the beginning of a bull cycle, your payment is more than likely going to appreciate as time goes on... Ren is one of those tokens which is going to make millionaires this cycle

BZRX platform is launching in 3 days and yes I believe some people will be able to live off their staking gains.

why do i need renBTC? what does the coin do?

Oh yea, forgot about this one as well. With 100,000 of those suckers, you're more than likely going to be getting 3000$ per month eventually. It's even bear market proof, as bzrx is a margin trading platform which means that even in a bear people will be using it to short.

It's actually quite magical that in this cycle the staking meme is true and based on an actual usecase which will never dry up.

renBTC is a representation of BTC on ethereum. You send real BTC to a burn address on the BTC side, and renBTC can be redeemed for real BTC (the darknodes do the locking and unlocking)

Regarding what you can do with renBTC, well, lots of defi projects are accepting renBTC and the interest rates are very good. See curve.fi btc pool for an example of this.

the point basically is that renBTC makes BTC erc20 compliant, which means it plays with every defi project. This is huge for defi as there are billions in BTC out there, and people love earning interest.

Another use case for the darknodes is that the provide a privacy layer to BTC when you go through the darknode network thanks to the way they use zero knowledge proofs.

Thanks user. I never looked into REN. But how is it different from WBTC? Also, it seems that this sort of passive income is due to a DeFi craze and unsustainable in a long term
>2800 euro in rewards per dark node, a full time wage in anyones world per month.
How much does one dark node cost? Can I get the rewards if I don't have a dark node?
I'm waiting for a dump but this shit continue pumping

I'd say that bzrx is your best bet to get into something early.

Staking Atom's pretty easy. With enough starting capital you can do well off of the 9% yield p.a

Unipower is great passive income. 2 different staking dapps. Crazy Divs + weekly airdrops.

9% per year?

>But how is it different from WBTC
The darknode network is just being rolled out, for 2 months, so there is still a central address which holds user funds, but eventually the minting and burning of renBTC will be done by the darknode network and not that central address.

renBTC will eventually be the only way of getting BTC on ethereum in a decentralised way once it's full rolled out. That's the main different between it and WBTC, and it's a massive difference.

Also, the darknodes don't just support BTC, the also support Zcash and BCH. The point here being that the darknode network is eventually going to grow to be a decentralised bridging network between many different blockchains and in doing so will provide privacy to each.

It's a real sleeper in this market with solid fundamentals.

Regarding is this sustainable: Let me ask you, did people stop moving funds around during the bear market? as long as stuff is moving, darknodes are getting paid.

>How much does one dark node cost? Can I get the rewards if I don't have a dark node?

Darknode == 100,000 ren now, so if you're a poorfag it might be out of your range, but that doesn't mean you can benefit from the price appreciation when people catch on to this shit.

power is best staking

Attached: 85c8e822-cb52-4e3b-8dc2-88d7410d49e2.jpg (380x349, 25.65K)

Power and MYX. Don’t be a cuck

BZRX and SXP are my picks.

unipower has done nearly 5% weekly since I've invested late June. Turned 500 power into 700 while the price has grown from $1 to $2

i got enough ren for 2 darknodes a while back, and i have like 5 or something stakenet masternodes. haven't set any of them up, just have the token/coins in my wallet. will see what's the deal next year, i've covered my initial with both so will see what happens.

both are interesting solutions to btc/eth and if they work out i won't have to wagie.

Not to mention the airdrops every Monday.

Holding but not running a darknode is the smart move for now and it's what I'm doing.

I'll let you in on a secret which is you will probably be able to time the top of ren value by observing the volume of the network on; mainnet.renproject.io/

Once that volume chart has leveled off for a prolonged period, or starts to fall, you're probably at a point where Ren has reached its max value. I've noticed that the value of Ren lags that volume chart a bit, which is great for tradability.

It also has the scarcity meme because as more darknodes go online, more ren is out of circulation. Those darknode operators also need to wait 3 months in the worst case to unstake their ren, so you'll get a good heads up if many nodes come offline at once and will have up to 3 months to get out before them.