Super Boost your Brave (BAT) passive income using Binance

Super Boost your Brave (BAT) passive income using Binance

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I've already added an article on how to Boost your Brave (BAT) passive income using Binance Savings. This will take the learnings from that post and present a new method for earning even more from your BAT savings.

Binance provides a 0.44% APY on your BAT earnings on Binance. While it is not much, you can earn a bit extra if you were to move your BAT earnings monthly to Binance. For example, I receive an average of 10BAT a month. Without Binance, that equates to 120BAT a year. Moving it to Binance will give me 120.24BAT a year - an extra of 0.24BAT.

However, Binance allows you to convert your BAT to any other token at the fair market value price - you need to have 30BATs to do so. And if you look into Binance earnings, you can always find tokens/coins that have significantly higher returns. For example, AVAX gives you a 21.20% return.

So here is the super boost algorithm:

  • Migrate your BAT earnings to Binance as soon as they vest
  • Put your BAT earnings into Binance Savings and earn 0.44%
  • As soon as you get 30BAT, convert it to some other token, for example, AVAX
  • Put your AVAX (or any other token) into Binance Savings and earn even more

So in my AVAX example, here are the earnings I would make (assuming the current market price for AVAX and BAT)

  • Not doing anything and keeping BAT in Gemini: $79.20 / year
  • Moving into Binance and use Savings on BAT: $79.39
  • Converting BAT to AVAX as soon as possible: $123.26

If you want to play with this model, here is a Google Sheets you can clone and modify to your need.

 

 

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k88.io Presents: The World of Crypto

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