Crypto Analyst emphasizes 5 new ways to get rich in crypto in 2022
Crypto Analyst emphasizes 5 new ways to get rich in crypto in 2022
- According to Lark Davis, the participation in crypto and not participating in staking is a great financial loss.
- Davis indicated that one of the projects that could carry out airdrops in the future is an arbitrum, a layer 2 scaling solution for Ethereum .
The year 2022 is getting closer and investors and enthusiasts are very interested in finding various ways of finding how they can be cryptor. According to Lark Davis, a crypto influencer and YouTuber, it is possible to get rich without acting with Bitcoin. In his newest video
Stock
Staking is a way with which many cryptos check their transactions and enable the participants to earn rewards for their stocks. According to Lark Davis, the participation in crypto and not participating in staking is a great financial loss. It is worth noting that not all cryptos can be demolished. Some of the most popular cryptos for this purpose are Solana, Avalanche, Ethereum etc.
Basically, send your coins, you lock you and in exchange for the support of the network you will receive rewards.
He explained that rewards are usually decent.
If you do not want to get rich overnight, find a preferred cryptocurrency, use it, receive a reward and then start with the stitching of your rewards or take the rewarded reward and sell it for cash.
earnings agriculture
Yield Farming basically has to do with taking liquidity, getting them on a platform and then receiving token rewards.
e.g. You take an Ethereum tablecoin worth USDC and place it on uniswap to provide liquidity for a token reward. You can then take the token you receive in return and send it to different farms to get token rewards.
According to Davis, the reward can be very high from 30, 40, 50 or 60 percent of the annual percentage earnings (APY). It is not a risk -free step because investors are faced with a permanent loss. In order to keep the risk low, it is advisable to look for stablecoin farms. He also mentioned that platforms such as Convex Finance are one of the most frequently used platforms for the Yield Farming. However, it uses Ethereum Layer 1. This means that, to get out of the position, you see 500 USD of gas fees.
parachute jumper
Airdrop, according to Davis, is another way to become rich in crypto in 2022. He announced that he earned tens of thousands with Airdroping in 2021.
To get them, it is important to participate in a platform with which you play around, e.g. B. a common pool that is like a lottery without loss. I covered $ 10 in 2019 or early 2020 and received an Airdrop worth thousands of dollars.
Davis indicated that one of the projects that could carry out an airdrop in the future is arbitrum, a layer 2 scaling solution for Ethereum.
token sales
One of the largest areas of earning money with crypto is token sales. Most of them happen on Launchpad. Davis mentioned that most of the launch pads are shit and cannot attract good projects. He suggests that Dao Maker is one of the few recommended launch pads. It works by receiving DAO Maker token, putting them on the platform and participating in a lottery in order to possibly get a allocation of sales on the platform.
We have seen the DAO Maker assignment, in which people invest $ 500 in token sales and literally become $ 50,000 or $ 100,000
games
Gaming is one of the ways to win many people for crypto. Many companies have started to invest in games. Solana Ventures recently announced a fund of $ 150 million for blockchain games.
The upcoming new generation of hot games will bring in so much money to investors.
Source: Crypto-news-flash.com