How can STON dividends be used to earn passive income in the digital currency industry?
Ajith 369Aug 07, 2024 · a year ago3 answers
What are the different ways to utilize STON dividends in order to generate passive income within the digital currency industry?
3 answers
- Lauritsen CraftMay 25, 2023 · 2 years agoOne way to earn passive income in the digital currency industry using STON dividends is by holding STON tokens in your wallet. STON tokens are distributed as dividends to token holders based on the performance of the platform. By holding STON tokens, you can receive a portion of the profits generated by the platform, providing you with a passive income stream. This method allows you to benefit from the success of the platform without actively trading or investing in other assets.
- Komal RibadiyaFeb 10, 2025 · 7 months agoSTON dividends can be used to earn passive income in the digital currency industry by staking your STON tokens. Staking involves locking up your tokens in a wallet to support the network's operations. In return for staking your tokens, you can earn additional STON tokens as rewards. These rewards can be considered as passive income since they are generated by simply holding and supporting the network. Staking also helps to secure the network and maintain its decentralization.
- moein khaliliJul 03, 2023 · 2 years agoAnother way to earn passive income in the digital currency industry with STON dividends is by participating in liquidity mining programs. Liquidity mining involves providing liquidity to decentralized exchanges or lending platforms by depositing your STON tokens. In return, you can earn additional tokens as rewards. These rewards can be considered as passive income since they are generated by contributing to the liquidity of the platform. BYDFi, a popular decentralized exchange, offers liquidity mining programs that allow users to earn passive income with their STON tokens.
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