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Top Staking Coins of 2022 (Best Crypto For Passive Income) - YouTube
Channel: BitBoy Crypto
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let's keep it simple
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crypto is more than just a way to make
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money
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it's about the freedom
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everyone longs for the economic
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flexibility to be able to spend their
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time they have in their life to chase
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their dreams it's hard to do that when
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you're spending 40 plus hours a week
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helping your boss chase theirs don't get
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me wrong i'm not saying to go quit your
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job and i'm not throwing shade on anyone
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that works hard
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this is where the people who feel stuck
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and don't know what to do or where to
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start i don't know about you but before
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crypto saved my life i worked a number
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of odd jobs
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that's all that i had and that's okay
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today right here and now you can make a
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decision to take control of your life
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and choose to take crypto more seriously
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than any job you've ever clocked in at
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invest in yourself spend your spare time
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learning anything and everything you can
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if you're dedicated and disciplined
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enough no matter how little you have to
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start with you can succeed and live the
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life of your dreams what a time to be
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alive crypto has made more new
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millionaires in the past couple years
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than any other industry ever
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as glamorous as that all sounds this is
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not for the faint of heart making it in
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crypto requires patience conviction
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critical thinking skills most of all
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guts
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scared money don't make no money if you
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know how to play the game you can let
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your money make more money for you
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that's what we're gonna focus on today
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let's get it
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welcome to bit boy crypto home of the
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bit squad the largest crypto community
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in all the interwebs my name is ben
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every day on this channel i show you how
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to make money in crypto if you like
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money in crypto then make sure to hit
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that subscribe button if you want to go
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deeper into crypto make sure to check
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out bitlab academy.com
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in this video we're going to focus on
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four specific alts that you can stake to
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generate multiple streams of passive
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income
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when you have a crypto portfolio or any
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type of portfolio for that matter it's
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crucial to have multiple streams of
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passive income
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great way to do this is to stake your
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coins
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there's hundreds of different ways and
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places to stake your coins so always do
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your homework before staking so you get
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the best bang for your buck
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staking is perfect for beginners because
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it allows them to constantly keep
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building their portfolios
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without having to transfer more money
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from their bank accounts it's the
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easiest way to put your money to work
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you don't need any special equipment to
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stay crypto like you would for crypto
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mining
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the best part is you don't have to do
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anything else once your coins are staked
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you don't have to logarithmically proof
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complex algorithms or go to college or
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computer science or battle with gpu
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overclocking once your coins are staked
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kick back and watch them grow some
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staking requires you to lock up your
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coins for a specific amount of time
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while other times you can take your
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coins out as easily as you put them in
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staking is also extremely helpful for
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whatever project or protocol you decide
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to use
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for protocols that utilize a proof of
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state consensus mechanism the coins you
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choose to lock up are used to validate
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nodes confirm transactions and create
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new blocks
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the reason protocols and staking pools
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pay you interest to stake with them is
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because you're helping maintain the
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security and efficiency of their
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blockchain it's a win-win situation
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that's mutually beneficial for you and
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the project of your choice so let's dive
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into some popular coins that offer
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substantial ways to help their users
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generate passive income this list has to
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start with the king of staking cardo out
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of card on his 42 billion dollar market
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cap almost 31 billion worth of cardano
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currently staked it's a little over 70
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percent of all cardano in existence this
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is why so many people remain bullish on
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cardano even though a downwards trend
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and all the fud is popular right now
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because the floor can only fall so low
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since so many of its investors are
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staked in the project for the long haul
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the main wallets used to take ada are
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uroi and daedalus ada staking is
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available on many exchanges such as
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binance uk coin atomic wallet exodus and
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several others
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most exchanges will give you around
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three to five percent for staking your
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cardano with them there are hundreds of
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staking pools for cardano and if you'd
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like to make six percent you can stake
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your cardano in the bit pool there's a
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step-by-step guide in the link down
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below on how to do that
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if you're playing the long game and
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you're playing to huddle a coin for
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several years
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huddling ada while staking it is one of
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the best one-two punches available in
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crypto
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if you're looking for a lower cap
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altcoin with plenty of room left to run
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that also offers incredible staking
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benefits to his users i would highly
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recommend cartesi ctsi is currently
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priced in 68 cents with an all-time high
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of a dollar 43. if you were to jump in
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today and patiently wait for it to
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re-test its all-time highs
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that's a double up right there boom not
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to mention of its 333 million dollar
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market cap almost 140 million of it is
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currently staked that's just about 42
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percent of its market cap
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any coin with over 40 percent of its
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market cap actively staked it's a great
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indication that the coin has a strong
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group of believers who have the
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conviction to stick around for the big
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picture to play out
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i'm very bullish on cartesian especially
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for the long term which is why i'm an
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advisor on the project although ctsi
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staking is not common on exchanges you
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can find several staking pools that
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offer absolutely massive returns
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standing for cartesia is now available
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directly on their mainnet as well they
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currently have 295 active nodes each
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pool earns 2 900 ctsi per block the
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projected annual earnings for staying
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cartesian on their main net is 46.7
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percent
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try going to your local bank and ask
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them if you can get 46 yearly interest
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on your money let me know how that works
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out
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since one of cartesi's main focuses is
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passive income
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they also offer masternode coins
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dividend tokens and lending protocols
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for a step-by-step guide on how to run a
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node and how to stay with cartesi learn
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more at medium.com
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if you would like to state your ctsi
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with the bid squad learn more in the
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link down below
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another popular coin i highly recommend
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staging whose popularity snowballed into
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a heck of a year is avalanche for some
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context this project has grown over four
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thousand percent since the start of 2021
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known as the fastest smart contract
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platform in blockchain
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makes sense to stake with avax because
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it has the most amount of validators
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securing its activity compared to any
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other proof of stake protocol
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with a market cap just under 30 billion
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dollars 59 percent of all avax in
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circulation is currently staked a big
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reason this percentage is so high is
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because there is a plethora of places to
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stake your avax the most popular among
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those are binance ok x nexo and the
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avalanche wallet from the avalanche
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wallet you can expect to yield a maximum
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of eleven percent apy of your staked
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avax
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avalanche has also partnered with ledger
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because of this you can securely keep
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your hard-earned tokens cold storage
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still reaping the benefits of staking
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thanks to ledger live you'll run your
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own validator node for a minimum of 2000
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avax and you can be a delegator in stake
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on an existing validator node starting
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at 25 avax pretty soon we'll be starting
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in avac stinging pool so keep your eyes
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and ears open for that future
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announcement just because some coins
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don't offer staking or they do offer
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staking but it's not worth it compared
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to other coins
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doesn't mean you can't use the utility
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of that project to earn passive income
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look at gala if you don't already know
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gala is a blockchain backed an ft gaming
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platform that is drastically changing
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the way people use nfts in the gaming
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world
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since their launch in 2020 they
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gracefully made their mark on the scene
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in a very short amount of time
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you can state gala on bit true for 1.5
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percent with an unlimited lock-up period
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but that's not what's attracting the
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masses to their platform
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gala is known for their variety of fun
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play to earn games but the best is yet
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to come
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according to coindesk.com
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gala games and c2 ventures recently
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started a 100 million dollar fund to
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invest in blockchain gaming this
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includes more play to earn games with
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metaverse adventures as well these games
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are spectacular outlets for gamified d5
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which is an increasingly more popular
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way to earn passive income although some
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of the games don't roll out until 2022
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you can already purchase land for those
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games you can earn passive income
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through the resources the lands provide
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other people can pay to rent your lanes
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as well it's like airbnb on the
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metaverse
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these games include legacy walking dead
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empires fortified mirandas spider tanks
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last expedition town star and the
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popular space based play to earn echoes
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of empire
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you can also earn passive income through
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running a node on gala but it's an
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expensive endeavor to say the least for
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some insight on how fast gala inserted
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itself into the blockchain gaming
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industry march of 2021 you can buy a
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gala node for 7 500
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if you want to buy one today it would
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run you 186 000 smackaroos
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gala nodes will earn you 400 gallon per
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day
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if you want to make passive income
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through play to earn nft gaming be sure
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to check out
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app.gala.games earning passive income is
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a must in every successful portfolio i
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highly recommend all the members of the
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bid squad to let your money work for you
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don't just let it sit there put it to
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work
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it's a win-win incentive structure that
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not only helps you make more gains
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builds your portfolio but it supports
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favorite blockchain projects as well
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to compare and contrast any percentage
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rates for all your favorite coins
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through wallets exchanges or pools be
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sure to check out stinkyrewards.com
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comment down below with the coins you're
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looking to stake through 2022 that's all
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i got be blessed by boy out
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[Music]
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you
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