Today, we will discuss the latest ways to make passive income in 2024.
Ways of earning some free money abound, especially in the cryptocurrency space.
I will tell you how to make money passively in crypto and how to go about it.
Without wasting any more time, let’s get started.
Ways to Earn Passive Income in 2024
If you have been in the crypto space for some time now, you will agree that some people have made a fortune through passive income.
The trend started with people investing in ICOs and cashing out when the coin lists on an exchange.
Then we got to IDO and IGOs too.
There are also the options of:
- crypto lending
- staking
- liquidity mining
- move-to-earn
- play-to-earn, and
- yield farming
But recently, we have some new blokes aboard the passive income lane.
These include:
Find more info on them below.
1. Airdrops (Tap-to-Earn)
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Airdrop is a way (new) projects gain popularity and usage by distributing free tokens to users.
In exchange, the users are to perform some tasks which will help to spread the word about the project.
Some tasks involve following their social media pages, interacting with the platform, subscribing to pages, etc.
Some even involve spending funds to provide liquidity for the platform in question.
While others just require you to tap your screen to garner points.
Tap-to-Earn airdrops involve users tapping on their phone screens to earn points.
Notcoin debuted the Tap-to-Earn frenzy, and when the token was launched, it paid tappers (users) millions of dollars.
Some ongoing Tap-to-Earn airdrops that you can check out include:
- MemeFi Coin
- Hamster Kombat
- Blum
- Bitton
- Gamee (Watdrop)
- W-Coin
- Dotcoin
- Simple Coin
- Tapswap
- Truecoin
- Yescoin
- Hexacore Gaming
- PixelTap, etc.
Airdrops were there at the initial stage and never left.
In 2024 alone, we have recorded a series of airdrops and a score of others still lined up.
Other ongoing airdrops that do not require you to tap your screen include:
- HOT Mining
- Grass, etc.
2. Running Mining Nodes
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The running of nodes recently (2024) joined the airdrop league.
Here, project developers set up test nodes and have users test their projects for vulnerabilities.
When found, the bugs are fixed before the project goes mainnet.
I know you’re wondering what the catch is.
The test node operators are rewarded with the project’s tokens when launched.
Take the likes of Shardeum and Babylon.
Doing this requires you to spend about $17 – $20 monthly.
Don’t worry; you will be greatly rewarded. $10 is a minute amount compared to a reward of $10,000.
You can purchase a virtual private server (VPS), set it up, and start mining.
Check out the step-by-step process for doing this in these videos: Video 1 and Video 2.
Let’s get to the last passive income source in the next section.
3. Watch-to-Earn
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This is another passive income-earning opportunity.
Here, you must watch videos, skits, and adverts to earn funds.
Your mobile device and internet connection are all required to earn with watch-to-earn.
You must sign up on the platform, set up your payment details, and start watching videos.
Some platforms require you to answer surveys, too.
Payments on this platform range from $2 to $20 or more, depending on the tasks you are to perform.
Platforms that offer these services include:
These are the top 3 ways to make some cool funds while working on your main job.
Other ways include:
- Crypto trading
- Joining launchpads
- Crypto staking, etc.
DISCLAIMER:
This should not be perceived as financial advice or an endorsement of these projects or platforms.
Always do your due diligence before using any of the platforms/projects.
That said, let’s round up this post in the next section.
Conclusion
This is where I will end today’s post. I hope you had a great time reading through it.
Passive income ensures that you have some extra funds in your pocket.
I know you won’t mind generating one; I won’t too.😊
In the ever-changing crypto space, innovations abound.
And I will be sure to keep you updated as more passive income ways emerge.
To keep up to speed with the trending crypto news, follow us on X (formerly Twitter).
If you feel there are passive income ways that I left out, kindly share in the comment section below.
Lastly, be careful out there. The bad guys are always on the prowl, looking for a wallet to devour.
Till my next post, hodl on… WAGMI!!
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