Io.net (IO), Hivemapper (HONEY), and These 4 DePIN Crypto Projects Can Earn You Daily Passive Income
A new breed of crypto projects is emerging that allows users to earn passive income by contributing physical resources. These projects, known as Decentralized Physical Infrastructure Networks (DePINs), leverage real-world devices to generate and transmit data, creating lucrative opportunities for participants.
According to crypto influencer @0xPepesso, the DePIN sector has a strong flywheel effect, with the potential for significant growth as it gains traction. By contributing hardware or software resources, users can earn tokens, making the barrier to entry relatively low.
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Show more +Here’s a closer look at six intriguing DePIN projects that offer the potential for substantial passive income:
- GetGrass (GRASS): This decentralized oracle network utilizes a unique consensus mechanism called Proof of Connectivity to authenticate data. Users can earn GRASS tokens by contributing their devices’ unused bandwidth and storage space simply by using the internet.
- IONet (IO): IONet is revolutionizing machine learning applications on the Solana blockchain by creating the world’s largest GPU colony, aggregating 1 million GPUs. Users can earn rewards by completing tasks on the Galxe platform and joining the IONet Discord server.
- Hivemapper (HONEY): Hivemapper Network incentivizes map coverage, freshness, and quality with ownership. By installing a 4K dashcam in their vehicles, users can earn up to $1,000 per month in HONEY tokens for contributing to the mapping ecosystem.
- Phala Network (PHA): Phala Network is a coprocessor for blockchains, allowing developers to deploy “Phat Contracts” – off-chain programs that enhance decentralized applications (dApps) with connectivity, internet access, and heavy computation. Users with SGX-capable CPUs, stable networks, and sufficient RAM and storage can become computing power providers and earn PHA tokens.
- Helium Mobile (MOBILE): Helium Mobile collects users’ phone usage location information and rewards them with MOBILE tokens. By purchasing a Helium 5G Hotspot and setting it up on the Helium website, users can earn approximately $500 per month in MOBILE tokens.
- Golem Network (GLM): Golem Network is an open-source, decentralized computing platform building an ecosystem to provide computing power to the AI industry. Users can become providers on the Golem Network and monetize their available computational power by earning GLM tokens.
As the DePIN sector continues to gain momentum, these projects offer unique opportunities for individuals to leverage their existing resources and earn passive income in the form of cryptocurrencies. However, it’s important to note that these opportunities come with their own set of risks and requirements, and thorough research is recommended before participating.
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