Passive income is defined as a type of revenue generated by not actively investing your time and energy to generate profit. In 2022 there are many passive income revenue streams especially in the crypto vertical. In some opportunities earnings are constant and fixed and in some other opportunities revenue varies depending on the type of business and statistics.
We came across one of the best passive income revenue protocols called Stackpro.Finance which offers not one but SIX passive income stream revenue for SPRO token holders.
Overview of StackPro
- StackPro offers a whopping 200K percentage APY for the users through a fixed compounding interest for the investors.
- StackPro is Auto Staking protocol which means the token holders dont have to do anything other than buying SPRO tokens and the compound interest will accrue in their wallet. Its so simple and they made DeFi so simple and easy to use.
- Not only the interest is auto compounding, the staking is also done automatically and the APY is fixed for 200,000% for the first year.
- StackPro is super innovative geared towards the simplicity of use and give immense benefit for the $SPRO holders. .
Six Ways to earn passive crypto income
A new concept called Proof of stake is introduced for StackPro which eliminates the central authorities like Banks and mutual fuds to distribute interest payment to interested parties . When an asset is created and deposited into the blockchain, the blockchain will automatically distribute interest to the token holders. This type of approach is so simple and efficient that it makes the protocols like StackPro easy to use and profitable for the token holders.
Wallet and investment account in one place
Interest-bearing digital investment accounts
Token holders can use their own wallet for multi purpose to earn investment and interest. Token holders usually use their wallet to store crypto assets. Projects like StackPro combined the wallet of users to both store the tokens as well as interest rates which is idea because usually tokens just sit idle in the wallet without much growth. Users can stake their tokens in the blockchain for any number of time frame like daily or weekly or monthly payments schemes.
Proof of work consensus or Crypto mining
POS or Proof of Work (PoW) is based on the efficiency in which the players or rather the miners' device can solve very complicated mathematical equations.
Proof of Work (PoW) is described as an efficient method to determine the way in which a blockchain user comes to consensus for a problem. It also helps to assure every transaction is valid and there are no bad players introducing double spending for other users.
Because of this reason , so many blockchains use and successfully adopted the Proof of Work (PoW) mechanism, which is used by Bitcoin. Proof of Work (PoW) is a brilliant innovation, yet it still has some drawbacks. Its considered to be energy-intensive, it also have low transactional throughput.
The Proof of Stake (PoS) method was essentially developed to address the drawbacks in the Proof of Work (PoW) system.
In the PoW, every transaction must have a maximum size of blocks like one Megabyte (MB) in order to reach consensus among computers or nodes run by miners on particular blockchain networks all over the world
Then, PoW actors will solve a tough mathematical problem to verify the transactions. Since many computers and people are involved in verifying the transaction , POW is difficult to manipulate but energy consumption is gonna be on the higher side compared to POS.
In essence PoS will serve as a solution to PoW’s energy consumption issue but PoS is more centralized compared to the PoW. From our passive income standpoint, PoS is more user friendly and easy for the latest crypto investors.
If you are interested in this type of investment opportunity, please check out StackPro.Finance website.