Financial inclusion is one of the foundational tenets of blockchains. Therefore, women have found it easier to invest, acquire, and deal in cryptocurrencies. This article shares the most popular passive income channels among women in crypto.
Women looking to engage in the crypto sector have various strategies for earning passive income, among which the AI Crypto Trade Bot stands out as an accessible, efficient, and user-friendly tool for those interested in trading crypto.
This innovative tool as well as crypto airdrop simplifies the trading process by leveraging artificial intelligence to analyze market trends and execute trades, making it an ideal option for those new to cryptocurrency or those seeking to optimize their trading strategies with minimal effort
This addition to the array of passive income channels in crypto underscores the transformative impact of technology in empowering women with practical, efficient ways to participate in and benefit from the cryptocurrency revolution.
Do Women Participate in Crypto Sector?
According to a survey conducted by CoinJournal, around 37% of the total crypto holders in the world are women for November 2022. Another market study performed by BlockFi in 2022 has revealed that 24% of the crypto population is comprised of women.
BlockFi data concludes that 1 in 10 women picked digital assets as their first investment. Like other investors, women in crypto also take advantage of the passive income stream options available in this sector.
Top Ways for Women to Generate a Passive Income Through Crypto
Here are some of the most widely used passive income generating options for women in crypto:
Affiliate Marketing
Women with networking and digital marketing skills can earn ad revenue from crypto projects by advertising their products or services. Crypto companies and other independent projects allow investors to earn commission based on the brand awareness they are able to generate.
Staking
Staking is the method of earning interest income by locking cryptocurrencies in smart contracts. Blockchains that depend on Proof-of-Staking consensus models enable investors to lock their crypto holdings on-chain as a warranty to validate transaction and make the blockchain more secure. In exchange, the stakers can earn yield or interest income based on APR or APY.
Yield Farming
Yield farming is like staking but it involves lending and Liquidity pools or LPs. Yield farmers can lock their crypto reserves in smart contracts on the LPs and earn interest payments.
They also generate returns in the form of fees, bonuses, and native token awards etc. However, yield farmers continue to stake their rewards in other LPs or lock them in different smart contracts as a way to continue to maximize their aggregate returns.
Cloud Mining
Cloud mining is the method of generating hash rate for a blockchain by lending mining resources online. Mining resources can be in the form of hardware or software and services such as maintenance and lending.
Mining farms allow individuals to purchase hash power that allows them to earn incentives. However, it is best to read the specifications of the cloud mining contract and conduct research to avoid scams.
Loaning
Crypto loaning on DeFi protocols generates returns on daily, weekly, monthly, and yearly basis. DeFi lending protocols are one of the best ways to compound interest. Some lending protocols offer as high as 20% APY with a caveat of high-risk leveraging options.
NFTs
Artists have been able to earn income by creating NFTs (Non-fungible tokens) and minting them on top NFT trading markets such as OpenSea, Nifty Gateway, and Rarible among others.
Derivatives
Crypto derivative types are swaps, forwards, futures, and option contracts. They can generate return in the short, medium, and long-term. However, the investors must conduct in-depth market research and implement risk management strategies to make the best out of crypto derivatives.
Masternodes
Masternodes are blockchain data copies that are classified as full nodes. They do not add new block to the network but they are used to verify transactions.
At the same time, they require massive collateral investment and technical knowledge to operate. Masternodes also take active part in blockchain governance through voting.
Conclusion
Women have been participating and contributing in the blockchain sector since the very beginning. In return, blockchain has offered them various lucrative avenues to improve their financial standing and earn passive income. to learn more about women’s participation and contributions in the blockchain sector, explore dedicated crypto blogs, research studies, and social media platforms highlighting their achievements and impact in advancing cryptocurrency and technology.