As the cryptocurrency market shows ever-unpredictable volatility, many are looking to tokens that offer more ways of earning income in addition to long-term price appreciation.
In particular, tokens like Logarithmic Finance (LOG) alongside Shiba Inu (SHIB) and Avalanche (AVAX) offer additional rewards that can come in forms, such as staking bonuses and returns from locking tokens into liquidity pools for decentralised trading and lending. These 3 cryptos offer some of the greatest rewards in the cryptocurrency sphere.
Passive and Active Income Opportunities with Logarithmic Finance (LOG)
Logarithmic Finance (LOG) is a decentralised finance (DeFi) protocol that connects early-stage DeFi projects with those interested in investing in such projects through a blockchain-based decentralised fundraising platform and swapping protocol.
LOG serves as a utility and governance token for Logarithmic Finance which is used to gain Decentralised Autonomous Organisation (DAO) access and voting rights, in addition to paying for fees and services when using the ecosystem.
A passive income can be earned by simply holding and staking LOG tokens. Once staked, tokens are locked in for a minimum set time after which they are unlocked and the original tokens plus interest are made accessible to the token holder.
The most unique way of earning on Logarithmic Finance is through direct participation in its fundraising platform. If you are the creator of a DeFi project, you can earn revenue by attracting investors when listing and marketing your token offering or presale on Logarithmic Finance, represented by a liquidity pool.
Investors can use the platform to find and select projects in which they would like to invest in, check the details of the token (or project) and conditions of the sale and then purchase tokens.
Logarithmic Finance (LOG) is currently in presale with a current value increase of over 400% since the start and is expected to rise even further.
High APY When You Stake Avalanche (AVAX) Tokens
Avalanche (AVAX) is a blockchain for creating and deploying smart contracts such as decentralised applications (dApps). New blockchains like Avalanche are giving the world’s largest smart contract platform Ethereum a run for its money, boasting significant improvements in network performance and lower fees.
The Avalanche (AVAX) token has the 14th largest market capitalization out of all cryptocurrencies according to Coinmarketcap at the time of writing. DeFi Llama ranks the blockchain as the fourth largest in terms of the total value of locked funds in DeFi applications, trailing behind Ethereum, Binance Smart Chain and Tron.
AVAX is the native utility and governance token of the Avalanche blockchain and can be staked to gain voting privileges as well as to earn a passive income. According to the official website, token holders can earn up to 11% APY by staking AVAX tokens. You can also stake Avalanche on centralised and decentralised exchanges (DEXs), such as Coinbase and Binance.
Meme Coin Shiba Inu (SHIB) Rewards For Using Its Ecosystem
Shiba Inu (SHIB) is a meme coin that was created to be a “Dogecoin Killer”. It is the second-largest meme token by market capitalization and the 16th largest overall at the time of writing. Billionaire Elon Musk is a contributor to this market capitalization both directly, as a token holder, and indirectly, as a vocal fan on Twitter with a huge following. The Shiba Inu (SHIB) value tends to increase rapidly whenever Musk tweets about the token.
Unlike many meme tokens, SHIB is a token that functions as a utility within an ecosystem of useful applications and products. It also features a novel rewards system featuring two additional tokens called LEASH and BONE. Holders use their SHIB on the official ShibaSwap DEX to provide liquidity by “dig-ging” (which rewards in BONE), to swap their tokens for other cryptocurrencies. including LEASH, and stake their tokens to earn rewards.
Shiba Inu (SHIB) is also supported by many centralised and decentralised exchanges, which often offer higher APYs for staking and liquidity farming.
Secure Your Money By Making It Work For You
When you consider the volatility and unpredictability of the cryptocurrency market, it makes perfect sense to secure your investment by choosing a token that offers the best range of options for earning additional rewards. Be sure to check out the APYs and rewards on offer for staking these types of tokens, as well as liquidity farming on lending protocols. If you are also interested in learning more about Logarithmic Finance (LOG), there is plenty of information available via the links below.
Logarithmic Finance (LOG)
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