Let's Explore The World Of Passive Crypto Income - Part 4

Let's Explore The World Of Passive Crypto Income - Part 4

By Sapphire | Sapphire Crypto | 14 Sep 2020


Let's Recap

In Part 1 and Part 2 we took a look at the Bankroll Network. There is a lot to choose from with different contracts focussing on different time frames and investment horizons. Generally, the longer the time frame needed to ROI, the higher the annual return rate of the contract. In Part 3 we looked at BitMax and their BTMX exchange token. Staking this exchange token ensures dividends primarily paid out in USDT, while BTC is the second largest allocation. Today we will be exploring Infinitew on the Tewkenaire Network.

TRX Infinitew

Tewkenaire has been running successfully for quite some time now. The contract I will be looking at, TRX Infinitew has been running for almost 6 months. There are quite a number of contract options on the Tewkenaire Network including TRX, ETH and HEX. I think we can all agree that ETH is not an option and won't be for quite sometime, despite recent news on an early ETH 2.0 release date.

My hunch is that this is just to calm the market and will inevitably be delayed as we have come to expect from past performance and in the world of business that is all you have! Past performance counts, promises mean nothing until they are fulfilled, at which point they become performance and are then only considered as a point of reference. 

db3eb3ad4f85a419a20855b31238d28b104df35526f6378a35647b1c5599b950.png

I have been utilizing Infinitew for quite a number of months and reached ROI a few weeks ago. Depending on your roll to withdraw ratio, ROI is typically reached in a little over 2 months. On entering the contract a 50% fee is charged and on exiting the contract a further 10% fee is charged. Transacting within the smart contract also mines you Tewken tokens which are instantly added to your Tronlink wallet balance. Downloading a TronLink wallet is essential to transacting on the Infinitew smart contract.

These Tewken tokens can then be sold on Polonidex DEX or staked on Tewkenaire. It is up to the individual what they would like to do with their mined Tewken tokens. Rewards are added to your balance in real time and can be withdrawn at any time, provided you have energy in your wallet or 1TRX to cover the transaction fee. This is where you get to decide your roll to withdraw ratio.

Am I going to withdraw all my daily earnings or am I going to roll all or a portion back into the contract? Rolling back into the contract will increase your TRX and INFINITY holdings in the contract. This will in turn increase your daily earnings. Rolling will also continue to mine you Tewkens.

Infinitew is a steady passive earner for me and since reaching ROI , I have decided to roll 25% of my earnings back into the contract to prevent slippage and having my earnings diluted over time. 

Tewkenaire is a more riskier avenue for passive Crypto income, so ensure it meets your risk criteria before considering this path. For a more safer approach, BlockFi continues to be a steady and favorite earner for me.

Though all investments incur risk, BlockFi is probably one of the safer options around. It is also important to note that with more risk is the likeliness of more reward. Lower risk is going to produce lower returns.

7d9221c26837e4870f8d0cbd5a134b0690e1b330d0f1998101b0988eb5e94125.png

With BlockFi, users can earn 6% per annum on BTC deposits and 5% on Litecoin. ETH is also available at 4.5% per year, as well as stablecoins and PAXG which range between 4% and 8.6%. There is a fairly decent selection and BlockFi seem to be making additions fairly often. For a more in depth look at BlockFi you can check out my recent review

Please remember that this is not investment advice but merely information gathered from my experiences in the Crypto world.

 

 


Sapphire
Sapphire

Interesting views, news, opinions and all things Crypto. Independent and honest assessments of Crypto projects and earning opportunities within the space. Move into Crypto with Sapphire Crypto!


Sapphire Crypto
Sapphire Crypto

Interesting views, news, opinions and all things Crypto. Independent and honest assessments of Crypto projects and earning opportunities within the space. Move into Crypto with Sapphire Crypto!

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.