Making money in the crypto market : Staking and Mining

Hello dear friends it's nice creating an article in this community once again, as a faithful lover of cryptocurrency and its related articles, I think I have found love in this community because the community gave me information and I also share my ideas to like mind people on the platform.

Yesterday I was talking about ways of earning in crypto market, this led to me simply differentiating future trading and long-term holders in the crypto market. So today I will be talking on other ways mediums and techniques in which one could generate profit from associating their self with the crypto ecosystem.

Staking

Another very easy and safe way a user could easily generate profit or make passive income from the crypto ecosystem is by staking your crypto asset which in you would generate profit or loyalty bonuses that comes from the blockchain to users who take the asset instead of hurriedly selling the asset.

Most crypto blockchains embed this future that permit users to stake assets, for example even our own dear steemit has a feature that support staking of assets on the blockchain. You stake steem whenever you power up steem, also you might have noticed that the platform tries best to encourage and support users who stake steem to steempowers.

Also you get annual interest whenever you power up your assets on the platform, also users who stake their asset on the blockchain get special activities they can perform in. For example in Tron blockchain and a steem blockchain users who stake asset automatically get right to vote on the government of the blockchain, this is mostly seen in blockchain that uses proof of stake consensus mechanism which is one of the newest and one of the most famous type of consensus mechanism.

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Mining and airdrops

Another awesome way you can generate profit or income from the crypto ecosystem is by participating in mining activities or upcoming airdrops or even launch pad activities. In this ways you can get an asset for free that is expected to have marketable value in the nearest period of time.

Mining and airdrops are quite similar but have a different mechanism of work, in AirDrop a blockchain platform gives users specific reward for performing sounds specific activities like joining their social media platform and referring new users to the platform on their blockchain activities. A network there is a fixed amount you get for each referral or each activity you do.

While on the other hand minners perform mining activities like continues tapping like you saw in Notcoin, Pie, Tapswap, hamburger and many other projects, why so will require you to log into their platform and claim your daily reward as a sort of mining we saw something like this in ICE and some other blockchain platforms.

In fact this seems to be part of the most actively engaged type of crypto asset earnings process, this is because nowadays everyone is just busy tapping their screen continuously in order to get one of these telegram based mining game. These types of earning has been active for a long period of time but it was not famous until the birth and growth of Notcoin which is seen as one of the most successful crypto asset in the world right now.