I love passive income and I always dream of making money while being asleep or while reading a story for my kids in the evening. Sometimes crypto can be a roller coaster, and to be honest, if you invested $10,000 in XRP 4 years ago, your money would be worth somewhere between $5000 and $20,000, depending on exactly when you did your investment. No matter what, it might be positive, but it hasn't turned into an extreme passive income, no matter what!
If you look on Hive (a platform we love), it can give you a good stream of passive income, but unless you are a giant whale with hundreds of thousands of tokens, you will most likely earn something like 10% of your initial investment in a year as passive income through auto-voting. That might be great, but few people can make a living from such amounts.
That is why I am always out there looking for platforms that will give me constant streams of passive income, and here I would like to write a few words about four such platforms.
These are all high-risk plays, so only invest at your own risk.
Strongblock
This is the first I discovered and the mother of all the hyped node projects at the moment. Here you invest 10 Strong tokens and create an Ethereum, Polygon, or Sentinel node. This will later give you a daily stream of Strong tokens in return, and it will take you approximately 110 days to have earned back your initial investment of 10 Strong. After that, everything will be pure gains (of course depending on the price of Strong when you bought it and the present price when you sell). You can also consider using your Strong rewards to create yet another node, which will give double your gains in the next period after the first 110 days. No matter what, this is the original and a very popular play. StrongBlock almost has 300,000 nodes registered already.
Thor Financial
This is an interesting project that launched just before Christmas in 2021. It is quite new, but it already feels like ages since it launch as so much has happened with this and similar protocols. Thor Financial is the pioneer among the node protocols coming after StrongBlock, and they are an important part of the UoT (Union of Transparency) including Thor Financial, Hive Investments, and PowerGenerator.
Thor Financial is just about to change its reward levels something that will make it more sustainable. They have different node levels, meaning that you can create a node with just a bit more than 1 THOR, making entrance much easier than with Strongblock. Depending on your node level, the time it takes to get your initial investment in return is between 70 and 120 days.
Thor Financial has invested in lots of other projects, they have Fantom and Avalanche validators running, and they are also about to implement monthly fees for the nodes, creating even further income to the project.
PowerNodes (PowerGenerator)
This is very similar to Thor Financial, only that it is running on Fantom. The price here has touched $30 recently, but that is still way cheaper than Thor Financial which costs $160 per token. That makes it easier to get started with PowerNodes, and this might have an even greater upward potential than Thor considering the current price.
ProjectX
This is a project that is even never than PowerNodes and Thor Financial. I am not 100% sure whether I trust this project yet, but I create some nodes as they are cheap and very quick, and then time will show if it was a wise decision or not. The project runs on Avalanche, and with ten tokens you can create a ProjectX node, and if you have 100 PXT2 tokens, you can immediately create 10 nodes with one click with your mouse.
How much can you earn with these projects?
Let us say that you buy 1 StrongBlock node ($4800), 1 THOR node (Thor Financial, $2000), 1 HUMAN node (PowerNodes) - $300, and 1 ProjectX node today ($300).
The total amount invested will then be $7500 (meaning that you also have spent some on gas fees and more).
If the prices of the different protocols will remain the coming year, then in 365 days from now, your investment will be worth:
- StrongBlock: $15,700
- Thor Financial: $8400
- PowerNodes: $1095
- ProjectX: $1860
As you can see, your initial investment of $7500 could turn into $27,000 in one year if prices remain at current levels and all these projects survive. Now, that isn't very likely, because the prices will for sure go up and down, and it might even happen that some of these protocols fall apart.
But, I am quite convinced that you will be in profit no matter what. That is at least a risk I have been willing to take!