- Vote-to-Earn – Earn Free Crypto Rewards for Voting on Polls and Surveys.
- Crypto Games – Play Blockchain-Based Games to Earn Free Crypto.
- Other Blockchain-based Games.
- Staking – Help Keep the Blockchain Secure and Earn Passive Rewards
1. Vote-to-Earn – Earn Free Crypto Rewards for Voting on Polls and Surveys
The best way to earn free crypto in 2023 is through a vote-to-earn ecosystem.
If you want to earn free crypto while getting the opportunity to voice your opinions on several social issues, Love Hate Inu is the current top choice. It is currently in its initial presale round and is anticipated to be one of the best crypto ICOs of 2023.
The ongoing presale has accumulated over $1.3 million USDT in just two weeks. In the current presale phase, $LHINU tokens are priced at a mere $0.00009 USDT each.
It might be advantageous for investors to acquire $LHINU during the presale, as the price will rise to $0.000145 by the final round.
The Love Hate Inu platform guarantees complete anonymity during voting since its native token, $LHINU, is necessary for participating in polls. Additionally, the platform safeguards against fraud and manipulation with its real-time staking mechanism.
Moreover, a transparent roadmap details the project’s plans. Users can access voting algorithms by the third quarter of 2023 to submit their votes. Members can use the vote submission platform to establish their polls in the subsequent quarter.
As per the Love Hate Inu whitepaper, the platform’s long-term objectives encompass forming numerous crypto partnerships and integrating metaverse components within its ecosystem.
Why Invest in $LHINU?
The market for the online survey industry is projected to expand from $2.79 billion in 2022 to $3.2 billion in 2023 and eventually reach $5.69 billion by 2027. Should Love Hate Inu effectively establish itself within this flourishing industry, it could lead to increased demand for $LHINU tokens which could make it the best penny crypto to buy right now.
From a total supply of 100 billion coins, 90% are distributed across eight presale phases. By distributing most of the supply to users, the project aims to prevent ‘rug pulls.
2. Crypto Games – Play Blockchain-Based Games to Earn Free Crypto
Another promising method to earn free crypto is via play-to-earn games. This is where Fight Out Steps in. The platform’s P2E concept enables users to earn free crypto through exercise routines. With Fight Out, users will get fit and earn crypto rewards simultaneously.
The project aims to revolutionize the P2E market by adopting a train-to-earn strategy, enabling users to receive rewards as they advance their health and wellness objectives.
By enhancing their avatar abilities and engaging in thrilling play-to-earn activities in the metaverse, gamers can elevate their experience. As a result, they can acquire valuable $FGHT tokens and various enticing rewards.
This recently launched project – currently offering its $FGHT tokens via a presale launch, is building an all-in-one fitness ecosystem. Unlike a conventional pedometer – which simply counts ‘steps’, Fight Out will track all movements.
This includes anything from weight lifting, running, walking, yoga, Zumba, and sports. Each exercise routine will be tracked in real-time via the Fight Out app. Rewards are distributed to Fight Out users in REPS tokens. This is an ERC-20 token and the rewards currency of the Fight Out ecosystem.
REPS can be used to purchase in-game upgrades and boosters. This further increases the earning potential of the user. REPS can also be converted into FIGHT – the utility token of the Fight Out project. One of the best features of Fight Out is that it is also building a metaverse.
Fight Out is transforming the play-to-earn gaming sector with an innovative method that eliminates the necessity for costly NFTs. Its FGHT token is quickly becoming one of the best gaming coins to invest in today.
In the Fight Out ecosystem, players are given a “Soulbound” avatar that represents them. They can enhance their avatar by advancing their real-life training, effortlessly blending reality with the gaming world. This approach fosters a more inclusive and accessible gaming experience while promoting a healthier way of life.
For instance, if the user likes lifting weights, their physical progress will be mirrored by the avatar. Another feature of this move-to-earn project is that Fight Out will be opening land-based gyms in the real world. Those that like to work out can use a Fight Out gym to earn rewards. Each exercise machine within a Fight Out gym will have the ability to track movements.
3. Staking – Help Keep the Blockchain Secure and Earn Passive Rewards
One of the easiest ways to earn free crypto is to deposit tokens into a staking platform. For those unaware, staking helps keep a blockchain network safe and functional. The tokens are locked into the blockchain for a certain period. This could be anything from a few days to 12 months.
When staking, users will receive a portion of the network fees generated by the respective blockchain. This is through the proof-of-stake consensus mechanism, which is used by some of the leading networks. This includes Ethereum, Cardano, and Tron. The entire staking process is completely passive, which is why it represents a popular way to earn free crypto.
There are two ways to engage in staking. The first option is to deposit the funds directly into the blockchain. This removes the need to use a third party, but rewards are generally lower. The better option is to use a staking facility that is offered by a regulated broker.
eToro, for example, is regulated by FINRA, FCA, ASIC, and CySEC. The broker enables users to stake crypto and earn free rewards without needing to manually opt in. Instead, users simply need to hold an eligible staking coin in their eToro account. There is a minimum holding period before the staking rewards are generated.
For instance, investors will need to hold Tron tokens for seven days. On the eighth day, staking rewards will begin being earned. eToro offers a fair sharing system, where rewards are based on the loyalty tier of the user. For example, diamond and platinum members receive 90% of the staking rewards generated. While bronze members get 75%.
Those wishing to give staking a go at eToro can open an account in minutes and proceed to buy an eligible coin from just $10. eToro accepts debit/credit cards, e-wallets, and bank wire transfers. Best of all, there is no lock-up period when staking at eToro. This means that investors can sell their staking coins at any given time.
4. Interest Accounts – Deposit Crypto into a Savings Account for an Attractive APY
Another method to consider when exploring how to earn free crypto is interest accounts. There are many providers active in this space and each account will come with its own pros and cons. Nonetheless, the concept of crypto interest accounts works much like a traditional certificate of deposit (CD).
Investors will deposit their funds into a crypto interest account and earn either a fixed or variable APY. Just like staking, the process is completely passive. Some crypto interest accounts are flexible, which means investors can withdraw their tokens at any time. Others are fixed, which means a minimum lock-up period must be agreed to.
Either way, investors will earn rewards in the same crypto asset that is deposited. For instance, by depositing Bitcoin into an interest account, rewards are distributed in BTC tokens. Some providers pay interest daily, which is great for compounding the investment.
Let’s suppose that an investor deposits 1 ETH into an interest account with an APY of 20%. The investor opts for a six-month fixed term. After six months have passed, the investor will receive their original 1 ETH. This is in addition to the interest rewards, which amount to 0.1 ETH (20% APY on 1 ETH / 6 months).
One of the best ways to earn cryptocurrency rewards through interest accounts is at OKX. This popular exchange supports a wide range of interest accounts – all of which come with flexible withdrawal terms. Established cryptocurrencies like Bitcoin and Ethereum come with an APY of 5%.
Those that seek higher returns might consider Mask Network or Smooth Love Potion, which come with an APY of 141% and 127% respectively. OKX also offers an APY of 10% on popular stablecoins like USD Coin and Tether. This means that users can earn free crypto rewards without taking on the risk of volatility.
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