Cryptocurrencies have ceased to be mere speculative assets and have widened their use case to stores of value along with better and faster payment solutions. But cryptocurrency tokens can also be used to earn a passive source of income and the best part is that you don’t need to sell your tokens. CashFi news…
Watch your earnings grow through staking or DeFi, or yield farming. We have shortlisted three cryptocurrency tokens that could help in earning a passive source of income without much active effort. These 3 coins are Litecoin (LTC), CashFi (CFI), and Tron (TRX). Find out more information about these 3 coins below.
CashFi: Passive income through liquid staking
The CashFi ecosystem will include a platform for liquid staking that will help users to earn a passive source of income. Unlike traditional centralized ecosystems where assets are locked for the duration of the staking, the CFI platform will allow users to access liquid staking by utilizing tokenized versions of their assets. The CashFi site will serve as the intermediary platform and users will be able to additionally make use of DeFi tools to earn an additional income.
The network will be powered by the CFI token which is cross-chain compatible and will allow interoperability. This will help users in earning a higher yield and save on fees while utilizing liquidity mining networks.
Another major utility of the CashFi platform is the ability to mint and trade synthetic assets. Synthetic assets allow the trading of commodities without buying the assets. Derivatives trading options will also be offered in the future too.
The interface and user experience have been simplified so even retail users can easily access the trading platform. Developers will be provided with all tools for launching dApps easily on the site. A lot of effort has gone into making the platform easily accessible for all categories of users. Cross-chain interoperability will ensure users will not be tied down to one single blockchain and can easily access the network of their choice.
In addition, the CashFi site will also offer an NFT marketplace with all the necessary tools required for developers. Project owners will be able to build their own marketplaces with a lot of customization options at their disposal.
The CFI Token could potentially help in earning massive passive income if you can manage to accumulate sufficient quantities. It is currently available at very attractive prices on presale.
Litecoin payments are on the rise again
Litecoin was launched to serve as an improvement over the original Bitcoin and provide faster transactions. It has soon emerged as the cryptocurrency of choice for people looking for an easier and faster payment solution. The LTC token can also be used for DeFi and users can earn a passive income.
Recently, Litecoin Token registered an increase in the number of users on the bitpay site, one of the largest cryptocurrency payment processors in the world. The LTC Token can be accumulated at every dip for potentially huge gains in the future.
Tron gets listed on Bitso
The Tron network was launched as a layer 1 solution aimed at the entertainment industry. Its native token TRX has emerged as one of the most popular cryptocurrencies with millions of users across the world. The TRX token was recently listed on Bitso, one of the largest cryptocurrency exchanges in Latin America with 4 million-plus users. It might help in ensuring a healthy price increase for the TRX Token. It can be staked for earning a passive source of income. Along with CashFi, and Litecoin, the TRX Token could help in earning a passive source of income.
The CashFi Token is an emerging platform with good liquid staking options. It also targets the synthetic assets space which is an upcoming sector with huge revenue growth potential. It could potentially help in providing huge gains in the future.