The Baby Dogecoin community has more than 2.5 million members. Aside from building shelters and providing medical care for injured animals, why do you think it’s so popular?
The answer boils down to offering rewards to holders. This method can be classified as passive investment.
What do you think are other ways to earn passive income with Baby Dogecoin other than this option?
Let’s explore other ways to earn passive income in addition to Tokenomics and Baby Dogecoin rewards including:
- Tokenomics and Baby Dogecoin rewards
- Staking
- Yield Farming
- Liquidity Mining
- Lending
- Crypto Games
- Savings Account
- Airdrop
- Baby Dogecoin passive income, No need to trade!
Tokenomics and Baby Dogecoin rewards
The first and easiest way to earn passive income is to pay attention to Tokenomics and Baby Dogecoin rewards or keep it.
This track is designed so that all Baby Doge holders are rewarded by keeping it in their wallets. 5% of all transactions of this currency will be automatically divided among all holders so that the community can have passive income from transactions. Also, another 5% of transactions are sent to liquidity pools.
Staking
Staking is another popular way to earn passive income with Baby Dogecoin and other cryptocurrencies. In this method, you deposit your currencies for a certain period of time. In this win-win game, you help validate transactions on the blockchain, and the platforms reward you in return.
Note that during staking, the currencies are locked and it is not possible to withdraw them. Therefore, before making a deposit, check the price of Baby Doge and analyze the price trend so that you don’t suffer a loss.
Rewards in this method are paid in the form of staked currency (Baby Doge) and its rate varies between different platforms. You can stake this currency on three platforms with the following annual profit rates:
- OKX exchange with an interest rate of 1.1%
- CoinW platform with 1% profit rate
- Gate.io exchange with an interest rate of 0.87%
Yield Farming
The method of yield farming is another way to earn passive income that was introduced with the introduction of decentralized exchanges.
Decentralized exchanges use the pool to provide liquidity, and yield farmers have the important and vital task of providing liquidity. In other words, by locking their tokens in these pools, these people help to maintain the stability of the price of meme coins and receive part of the fees in return.
Like staking, in this method, equivalents are locked for a certain period of time, and the profit rate of each pool is different from another pool.
You can yield Baby Doge in the liquidity pools of the decentralized exchange of this currency, i.e. BabyDogeSwap, in order to be rewarded with this currency in addition to participating in the process of providing liquidity. You can also set up your own pool and reward Baby Doge by providing liquidity to other tokens.
Liquidity Mining
Liquidity mining is very similar to yield farming, but its approach is different. In this way of making passive income from Baby Dogecoin, you will again lock this currency, but this time it will be locked not to provide liquidity, but as collateral to provide liquidity.
In exchange for this, users are rewarded with a new token, which is funded by the fees of users.
You can lock Baby Doge on the BabyDogeSwap decentralized exchange and get another or even the same currency in return. In this method, the currency is locked for a certain period of time and rewards are paid in the form of an annual rate.
Lending
Loans are one of the most hassle-free ways to earn passive income from Baby Dogecoin. The process is similar to participating in Liquidity Mining, and you only need to deposit your currency in a loan pool.
In this method, your profit is provided by the interest paid by the borrowers. There is an expectation that they will return the funds within the agreed time period and meet the interest rate, however even if this does not happen the borrower’s collateral will be liquidated and your interest will be paid.
The entire lending process is facilitated by the use of a smart contract and your capital is protected by providing collateral from the borrower. You can currently lend your Baby Doge through two crypto exchanges, KuCoin and Coin Rabbit.
The maximum daily interest rate in Kucoin is 0.09%, and currencies can be loaned in 7, 14 and 28 days. Also, the monthly interest rate of Coin Rabbit is 12.6%, and you can receive your profit in the form of other currencies such as Tether, Tron and BUSD.
Crypto Games
One of the amazing features of blockchain is the possibility of earning money from playing games. Many blockchain games use the P2E model so that users can earn from playing.
In this way, you will not only have fun with Baby Doge’s passive income, but you will also be rewarded with this currency. There are currently three Baby Dog coin blockchain games rewarding and they are as follows.
BabyDoge CHESS
Not long ago, BabyDoge unveiled its first official game called BabyDoge CHESS, and they plan to change the world of chess games.
This game is now fully launched and to play, just connect your Baby Dog coin wallet to the game and enjoy the matches. Users get BabyDoge by winning various competitions and tournaments.
There is no fixed rate for bonuses and each tournament is different.
Petaverse Park
Petverse Park was the first pleasant experience of the BabyDog community of P2E games and passive earning of Baby Doge Coins.
Petaverse Park is a pet park designed by Decentraland where users can play with their animals in this metaverse world. Thanks to the partnership between this virtual world and BabyDoge, gamers can now play with their BabyDoge NFT tokens and get rewarded with this currency.
Coin Hunter
Coin Hunter is an exciting running game in which you have to run as far as possible and collect coins, and finally the game will reward you with BabyDoge based on these coins.
This game was launched by the community of this cryptocurrency and aims to create a stronger bond between its members. Coin Hunter is currently available for Android operating system and is only 68 MB in size.
Savings Account
Another way to earn passive income from Baby Dogecoin is this option. You open a savings account at the exchange, deposit your currency and the exchange gives you interest in return.
They use your property for various purposes, including lending, providing liquidity, etc. Currently, the OKX centralized exchange has made it possible to open a BabyDoge savings account, and its interest rate varies according to different periods of time as described below.
- 30-day deposit: 1.1%
- 60-day deposit: 2.1%
- 90-day deposit: 3%
Airdrop
Airdrops are provided by cryptocurrency project developers and reward users with free currency for certain activities such as following a page.
In addition to projects, sometimes cryptocurrency exchanges also do airdrops, and this happened in 2022 for Baby Dogecoin. The BitKan exchange carried out an airdrop of 50 billion units of this currency in cooperation with its project and distributed the currencies among the participants. Follow BabyDoge’s hashtag on Twitter for the latest Airdrops.
Not only Baby Dogecoin, but some of the best memecoins are also airdropped on digital currency exchanges.
Baby Dogecoin passive income, No need to trade!
Blockchain is a world of different opportunities and you don’t need to trade to earn money from it. There are many ways to earn passive income from different currencies such as Tokenomix and Baby Dogecoin rewards but always choose the safest platform.
Also, before starting the earning process, make sure to complete your research on the desired method.
What is your experience with the passive income of Baby Doge? Share your valuable experiences with us and other users.