


Crypto offers many opportunities such as airdrops, staking, affiliate marketing etc. which you can take advantage of to make extra money on the side.
Introduction to Passive Income
The need to make money is fundamental to human survival. The experience of many people is that life's necessities often tend to be greater than available resources. Such a situation is not pleasant and can bring about a substantial psychological burden. The desire to be financially sufficient is what universally motivates people to seek ways to make extra money. It is all in a bid to have some measure of financial security and increase the ability to live life to one's taste.
What is Passive Income?

Generally, income is any reward that a person earns in return for an activity or service rendered. In this article, we will consider the most common form of income which is money.
Passive income, by simple definition, is the money that a person earns from a secondary source. It often requires little effort. This source of earnings is not from the person's primary vocation. To bring it in clear view, consider this example: an electrical engineer who works in a power station (primary vocation) but who has 1,000 units of shares in a stock which earns him dividends at intervals(passive income).
In this case, the engineer's primary vocation is his active income source, while his shares are his passive income source. Generally, the difference between active and passive income is about what time is devoted to each. Active income activities take up the bulk of your time and energy. You are rewarded based on your hourly participation. On the other hand, passive income activities do not have such terms: you do it at your convenience with minimal time and energy obligation.
Having alternative sources of income is undoubtedly good advice. The beauty of it is that it does not require much of your attention or time. You can focus your time and energy on your active source while it keeps bringing in much helpful extra income by the side. Having such channels of passive income is key to building sustainable wealth; most wealthy people have at least four passive income sources.
Earning Passive Income in Crypto

Since trading involves much time and research effort, we can liken it to traders' active income source. But apart from trading, there are a number of other activities in crypto that a person can engage in and earn some money passively. In fact, you can engage in several of them at the same time. The crypto market is well developed and has many sources of passive income. Crypto enthusiasts who shy away from trading can still make money from your assets instead of leaving them idle in your wallet. The following are some of the ways you can earn passive income with crypto:
- Staking.
In a blockchain, there is what is known as Proof of Stake (PoS). It is a consensus mechanism that enables a person to improve a network by validating block transactions and receiving rewards based on the number of tokens the person has.
Staking involves locking up your crypto asset in a staking pool for a specified period of time to earn an ROI. The lockup time can be in small concurrent steps (daily for example) or larger time blocks such as weeks or months. When the time elapses, you can unstake the original quantity of your assets in addition to the returns earned.
- Airdrops.
Airdrops are crypto tokens distributed either free, in exchange for very easy marketing tasks, or as rewards for early participation etc. Crypto platforms often use it as a means of bootstrapping a user community. Experience in this sector can vary. At times a project that gave out tokens via airdrop may eventually not gain traction. In that case the tokens end up being worthless. But normally you can earn a couple dollars from airdrops over time. You may also be fortunate to come across some spectacular ones. DeFi platforms like UNI and 1Inch airdropped tokens worth thousands of dollars each to early users of their platforms.
- Mining.
Mining in blockchain terms is solving the cryptographic equations of blockchain, validating blocks etc., and receiving new tokens of that blockchain as a reward. It is usually a capital-intensive endeavor because of the need for computer hardware, energy costs, etc. It was more viable in the early days of Bitcoin and other cryptocurrencies for an individual to mine. Nowadays, because of high running costs, it is currently dominated by institutions and corporations.
- Hard Forks.
Sometimes, a split can happen in a blockchain that produces two or more separate networks. This usually leads to the creation of new native tokens for the breakaway networks. When this happens, those who had tokens on the old blockchain also get tokens on the new networks. The key is to ensure that you have the old blockchain tokens before the time the fork happens. More on hard forks is explained here.
- Affiliate Marketing.

A large user-community plays a role in the sustainability of every project. Many crypto platforms will offer you some rewards if you draw more people to become their platform users. This is now easier to do with the popularity of social media. If you have a sizeable number of followers on a social media platform, you can earn reasonable income by referring your followers to these crypto platforms.
- Lending.
There are automated lending systems on several crypto exchanges like Binance, KuCoin, etc. These platforms allow you to deposit your crypto assets for a period of time. The deposited assets then serve as a lending pool. At the end of the lockup period, you recover your assets together with interest. This option may be one to consider if you have a plan to hold your assets for a long time.
- Yield Farming.

With the rapid growth of decentralized finance, yield farming is becoming more popular. A yield farmer deposits crypto assets to a platform's liquidity pool to support the platform's activities. This consists of exchanging tokens, borrowing etc., and is rewarded by the platform. Such rewards can come from the platform's native tokens or a portion of the platform's fees.
These are just a couple of opportunities for earning passive income in the crypto market. More options are likely to be innovated as the evolution of decentralized finance continues.
Bear in mind, though, that you need to keep your expectations balanced. Passive income is almost by design a supplementary means of earning. Take note of these few caveats:
- It's not a get-rich-quick scheme. In the Crypto and DeFi space you are likely to find unscrupulous folks with an eye on defrauding you of your funds. If a platform promises you 300%, 400% monthly return on investment (ROI), then it is likely a very high-risk investment or total scam altogether. Think twice when it sounds too good to be true.
- Some of the ways of earning passive crypto income have a risk of impermanent loss. This loss arises when the exchange rate between two pairs of crypto assets diverges from what it was at the point they were committed to a liquidity pool. Here's a detailed breakdown of impermanent loss.
- Temporary loss of Access. If a platform requires you to lock up your assets for a period of time, it means that you won't be able to make use of it till time elapses. The implication is that you cannot take advantage of a bullish market if that particular asset experiences a bull run. Again, should the value of your asset fall during the time of lockup, you are fully exposed and cannot sell off to minimize loss of value.
These are some of the issues you need to be wary of when exploring the crypto space for passive income opportunities.
Concluding Thoughts
The desire to be financially comfortable and stable is the usual motivation for seeking out ways of earning passive income. Crypto offers many opportunities such as airdrops, staking, affiliate marketing etc. which you can take advantage of to make extra money on the side. Just as most good things have their cons crypto does as well. While investing in crypto, there are things to be wary of, such as impermanent loss and prevalence of scam platforms. These would go a long way in ensuring that you maximize your earning opportunities while avoiding pitfalls.
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Terraform Co-Founder Do Kwon Arrested in Montenegro After Months on the Run

Do Kwon has also been charged with fraud by US prosecutors, who issued an eight-count indictment against him for securities fraud, wire fraud, commodities fraud, and conspiracy.
Do Kwon Caught at Podgorica Airport
Do Kwon, co-founder of Terraform Labs, was arrested by Montenegro police at Podgorica airport while trying to board a flight to Dubai, according to Reuters.
During the encounter, the Montenegrin police discovered forged Costa Rican passports and a Belgian passport in their luggage. The Montenegrin police formally charged the ex-Terra CEO along with a second suspect for allegedly forging official documents before a Podgorica court.
After matching fingerprints with official records, South Korean police confirmed that Kwon was the suspect in Montenegro on Friday.
Within hours of Kwon's detention in Podgorica, the U.S. District Court in Manhattan made public an eight-count indictment against him. This includes two counts each of securities fraud, wire fraud, commodities fraud, and conspiracy.
Allegations Against Do Kwon by SEC
The recent criminal case followed last month's civil charges brought against Kwon and Terraform by the Securities and Exchange Commission.
According to SEC allegations, Do Kwon misled investors regarding TerraUSD's stability and failed to inform them that the coin's price fell below its dollar peg. The value of the token and its underlying cryptocurrency sank to near zero last May, resulting in a sell-off in cryptocurrencies such as Bitcoin, Ethereum, and Tether as a result.
Additionally, the SEC claims that Kwon and Terraform falsely claimed Chai, a Korean mobile payment app, used the Terraform blockchain to process payments.
Worth noting that South Korean authorities issued an arrest warrant for Mr. Kwon last September after determining Terraform Labs had violated capital market regulations.
South Korean officials believed he was in Serbia and sent officials to Belgrade to negotiate since there was no extradition treaty between the two countries.
A Seoul prosecutor told CNN in December that the crypto entrepreneur hid in Serbia after leaving Singapore via Dubai. Kwon was based in Singapore while running the blockchain platform Terraform Labs.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Uniswap has posted healthy numbers during its first 10 days on BNB Chain, but its activity right now is a fraction of chain leader PancakeSwap’s.
The Beginning of the Uniswap Era on BNB Chain
Uniswap is making inroads into Decentralized Finance (DeFi) on BNB Chain, as the swap volume on the Decentralized Exchange (DEX) approaches the $50 million mark in the past week.

The weekly volume catapulted Uniswap into seventh place among all BNB Chain DEXes, which overall posted a decrease in exchange activity of more than 40% in the past week.
According to DefiLlama, the volume on Uniswap has hovered around $7 million per day since its launch on March 16.

In terms of Total Value Locked (TVL), Uniswap’s TVL of $10.5 million puts it in 13th place among BNB Chain DEXes.
The Battle of the DEXes on BNB Chain has just begun, but after 10 days Uniswap hasn’t yet registered as much more than a blip against dominant DEX PancakeSwap, posting about 3% of the PancakeSwap’s exchange volume and less than half a percent of PancakeSwap’s TVL.
So far ….
What is BNB Chain:
Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
Find more about BNB Chain here:
Website | Twitter | Discord | Telegram | GitHub |
What is PancakeSwap:
PancakeSwap is a multichain Decentralized Exchange (DEX) built on BNB Chain and available on Ethereum and Aptos. It offers users various features such as Liquidity Pools (LPs), swapping, yield farming, Syrup Pools, an Automated Market Maker, Initial Farm Offerings (IFOs), an NFT profile system, and other tools. In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on BNB Chain.
Where to find PancakeSwap:
Website | Twitter | Medium | GitHub |
What is Uniswap:
Uniswap was launched in November 2018 and has grown to become the largest decentralized exchange in its category. It was built open-source on the Ethereum blockchain and uses the AMM model to facilitate Ethereum ERC-20 token swaps.
Much of the progress made in Ethereum-based DeFi expansion is attributable to Uniswap as it provided the market-making utility for Web3 apps to function in a decentralized environment. The platform consistently records daily trade volumes of over half a billion dollars and has a total volume locked (TVL) of more than $3 billion. The platform has traded over $1 trillion since it launched via over 129 million transactions.
Where to find Uniswap:
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Pi Chain Mall Withdrawal Function Gains Traction, Records Huge Milestone

Pi Chain Mall's withdrawal function has gained huge adoption in the industry, recording over 360K Pi withdrawals since the relaunch.
Top Product on Pi Network
Since Pi Chain Mall (PCM) reopened the withdrawal function on March 1, numerous users have shown interest in utilizing the feature to withdraw their Pi coins. The top Pi Network product recorded a new milestone on March 25.
PCM’s withdrawal function was established to ensure sellers withdraw their real Pi holdings from its large e-commerce marketplace. According to the PCM official Twitter page, over 316,000 Pi coins have been withdrawn by users.
The PCM marketplace is the largest on Pi Network. The protocol allows merchants to place items for sale and receive Pi payments. Through the function, numerous merchants have been able to withdraw profit gained from the platform through sales.
Pioneers can join the PCM mainnet platform by visiting (pipcm.com) on the Pi Browser application and start trading products with Pi coins.
What is Pi Network:
Pi Network is a novel cryptocurrency and developer platform allowing mobile users to mine Pi coins without draining the battery. Pi’s blockchain secures economic transactions via a mobile meritocracy system and a full Web 3.0 experience where community developers can build decentralized applications (Dapps) for millions of users.
Where to find Pi Network:
Website | Twitter | LinkedIn | Facebook | Instagram |
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BNB Chain's Zero2Hero Hackathon is receiving support from AWS, Google Cloud, and Tencent Cloud, as well as several Web3 partners, for an upcoming blockchain hackathon where participants will compete for cash prizes and a chance to join the incubator program.
Major Tech & Web3 Support
BNB Chain has announced the Zero2Hero Hackathon, the second phase of its six-month online Bootcamp-Hackathon-Incubator program.
The hackathon will take place from April 17th to May 14th, and has garnered support from Amazon Web Services (AWS), Google Cloud, and Tencent Cloud as key strategic technology partners. The event aims to bring together blockchain professionals and developers from around the world to collaborate on projects and solutions that will help advance the blockchain industry.
We spoke to the team to understand more about the exciting development:
“As part of the 6-month Builder Series, the Zero2Hero Hackathon is an exciting opportunity for developers to showcase their skills and compete with the best in the industry. With the support of our strategic technology partners, including AWS, Google Cloud and Tencent Cloud, as well as our Web3 partners such as Chainlink Labs and Axelar, we are excited to bring together a community of talented developers and innovative projects,” said Zoe Wei, Head of Developer Relations at BNB Chain.
BNB Chain has also partnered with several leading Web3 companies for this hackathon, including Chainlink Labs, Axelar, Nodereal, Polyhedra, Hacken, RSS3, and Port3. The hackathon will feature seven tracks, including DeFi, Infra & Scalability, SocialFi, Cross-chain, NFT, Gamify & Metaverse, Greenfield and Innovation. Participants will compete for cash prizes of $15k for 1st place, $6k for 2nd place, and $4k for 3rd place in each track.

During the hackathon, nearly 20 technical workshops will be provided where hackers can learn the latest technologies. Free access to multiple dev resources such as cloud and node services will be available, and the calendar of the tech teams of partners will be open for hackers to book office hours. The judging criteria will lean towards full MVPs projects, although a clean and creative implementation of the feature serving as an excellent example of feature usage is also acceptable.
The 6-Month Builder Series, focused on accelerating Web3 development, commenced its initial phase in February with a Bootcamp featuring sessions in multiple languages. The series will be held in partnership with the Blockchain Center, established by Astana Hub, the largest technopark in Central Asia, and the Payment and Financial Technologies Development Center of the National Bank of Kazakhstan. Other partners included the Blockchain Academy Group, a Hong Kong government-backed program, and Encode Club, a leader in Solidity training.
What is BNB Chain:
Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
Find more about BNB Chain here:
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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A recap of notable news from the week.
Recapping the Week in DeFi
Cryptocurrency never sleeps, and neither does crypto news and content. Because of this constant stream of information, it’s difficult for investors to keep track of the most notable news. In this weekly recap, BSC News shares some of the most exciting stories and breaking news events of the week to help you stay up-to-date on all things DeFi.
Arbitrum Airdrop: Which DAOs Received the Most $ARB?

The Arbitrum airdrop was arguably one of the most notable DeFi events from the past week. Projects with a DAO and community treasury also received the airdrops, with the exception of The Protocol Guild. A number of factors were considered for eligibility, including deployment date, transaction volume, and more.
Get all the details in this article.
MetaMask Institutional Unveils New Portfolio Dashboard, ETH Staking Marketplace

MetaMask Institutional launched an advanced version of its Web3 portfolio dashboard for institutional investors featuring cutting-edge tools, including an ETH staking marketplace.
Find more information here.
Core DAO’s Core Bridge Goes Live, Confirms Huobi as Validator

Core DAO has finally launched its highly anticipated Core bridge, paving way for the growth of the Core ecosystem in the decentralized finance (DeFi) world. Powered by LayerZero, the bridge allows users to seamlessly transfer assets between the Core chain and other leading networks. Core DAO has also confirmed Huobi as a validator.
Find more details in this article.
Celer Unveils Brevis: ‘A ZK Ominchain Data Attestation Platform’

Going deep into ZK: Celer Network has launched Brevis, a “Zero-Knowledge (ZK) omnichain data attestation platform” enabling smart contracts to access and compute data from any blockchain.
Learn more about Celer’s ZK solution in this article.
Polygon, Immutable Partner to Build Dedicated Gaming ZK EVM Blockchain

Polygon Labs and Immutable have collaborated to build “Immutable zkEVM”, a zero-knowledge rollup dedicated to gaming. The new solution will have enforceable royalty fees for game developers.
Get all the details here.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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