Making money from the crypto market with just a little capital is actually not an easy task. Because many opportunities in this market require initial investment or require each person to have knowledge and time to implement. However, below are some ways you can refer to.
1. Participate in airdrop programs
Airdrop/bounty programs are one of the popular ways projects choose to encourage users to participate in the project experience to expand their presence. Eligible users will then be awarded from the project.
You can earn money by participating in activities such as participating in social networking sites, retweeting, app experience and many other activities of projects for a chance to receive rewards.
However, not every airdrop program requires only a small amount of capital. There are projects that launch reward programs that "cost" users a lot of money, but the rewards are not worth the effort and expense.
You need to learn carefully about the reward programs and legit of the project to avoid the risks of project scam via airdrop.
2. Participate in staking
Staking is when a user locks up a specific amount of cryptocurrency to receive a reward.
There are quite a few crypto projects on the market that allow users to participate in staking to receive rewards.
Some staking platforms you can refer to are: SSV Network, Lido Finance.
3. Faucets
Faucets (also known as crypto faucets) are websites or applications that provide free cryptocurrency to users.
After completing some simple tasks on the faucet website, users will receive a small amount of cryptocurrency.
Tasks may include: watching ads, solving captchas, participating in surveys,... and other activities.
The main goal of these websites is to introduce new users to the cryptocurrency world and help them get acquainted with using and storing crypto.
Although faucet offers free cryptocurrency, the rewards are usually very small and require patience. Because, users need to accumulate a large enough amount of that electronic currency before they can withdraw and use it.
4. Referral programs (Referral programs)
These are programs a project sets up to encourage and reward those who introduce new users to experience the project's products.
If you have a diverse network of relationships and can introduce others to experience the project/cryptocurrency exchange, you can make money through referral programs.
When participating in these programs, you will be created a ref link (the link you use to send to others). If the person you refer experiences certain features of the project or downloads the application through this link, you will receive a certain percentage of commission.
In crypto, centralized exchanges tend to be more diverse in terms of referral programs.
5. Freemint NFT
This is the term for minting NFT operations without spending money.
Users only need to prepare gas fees for NFT minting operations. Below are some outstanding freemint projects that have brought good profits to users in recent times:
Sugartown: 0 → 0.42 ETH
Kart Party: 0 → 1.2 ETH
Meter Genesis: 0 → 0.15 ETH
Skyborne: 0 → 0.036 ETH
Weebox: 0 → 0.1 ETH
ONI: 0 → 0.15 ETH
ZTX Genesis: 0.06 → 0.31 ETH
The Grapes: 0.039 → 0.55 ETH
To be able to make money through this activity, you need to follow NFT KOLs on platform X to find potential projects, then combine it with performing some activities to earn WL and Join mint NFT.
6. “x to earn” activities
6.1. Play-to-earn
It can be said that 2021 is an impressive year for Play-to-earn projects. This is the business model in the field of cryptocurrency games and virtual worlds; where players have the ability to earn rewards through participating in gameplay.
The most prominent project and also the project leading the Play-to-earn trend is Axie Infinity. This is a blockchain game combined with NFT (non-fungible token). In Axie Infinity, players raise and battle virtual pets called Axies to potentially earn SLP (Smooth Love Potion) and AXS (Axie Infinity Shards) tokens by participating in the game.
However, to be able to make money with Axie, users need to own at least 3 axie (game characters). In 2021, the amount of capital needed to make money in the game is about $1000.
6.2. Free-to-earn
Unlike Play-to-earn, users do not need to spend money to buy NFTs when participating in free-to-earn games and still have the opportunity to receive rewards.
However, because there is no need to spend money to enter the game, the reward that users receive will often not be as high as games that require NFT investment.
6.3. Move-to-earn
The third wave is Move-to-earn, which is a form that encourages users to earn money by participating in real-world movement activities, most commonly running and walking.
Sweatcoin is a mobile application designed to track users' steps and then exchange them into Sweatcoins. You can use Sweatcoins to redeem offers and sports products or even exchange them for cash.
Besides Sweatcoin, we cannot help but mention the StepN project built on Solana. However, at the present time, Move-to-earn projects almost no longer have too many users because they have left in the decline phase a long time ago.
6.4. Learn-to-earn
Learn-to-earn is a model in the cryptocurrency and blockchain world where users earn money by participating in learning activities and improving personal skills.
Instead of relying solely on playing games or doing physical activities, Learn-to-earn focuses on providing value through learning and personal development.
For example, you can join the Learn-to-earn program of Coinmarketcap, Coinbase, Binance to receive rewards.
6.5. Create-to-earn
Create-to-earn often refers to users making money by creating content or digital products using blockchain technology.
Here are some examples of how C2E works in the crypto space:
Create NFTs: NFTs are special tokens on the blockchain that represent art, games, or other digital assets. Users can create NFTs by uploading their artwork to NFT platforms like OpenSea. When each NFT is sold, the creator receives money.
Participate in content creation programs: Blockchain projects can organize publication programs that then reward active participants for contributing articles, videos, or other content.
Community building and management: Besides the above methods, this is a way that seems to require no capital investment. You just need to search for projects that are in need of recruiting ambassadors or community development in the Vietnamese market and apply. Thanks to tasks such as answering messages from the community, technical support, marketing support for projects and large-scale work, there are people who earn hundreds of millions of dong/month by working as CM (manager). community) for many projects.
In general, except for the two activities Create-to-earn and Learn-to-earn, most other forms of x-to-earn operate with a Ponzi (multi-level) model. For this reason, the timing of participation in activities becomes extremely important. Once you have mastered the model, participating as early as possible will help minimize risks more optimally.
7. Research and education
The most important thing that each person needs to commit to doing before being able to make money in this market is to take the time to understand the market as well as the projects.
When you become a self-researcher, you can understand clearly and make smarter investment decisions. At the same time, combined with observing the development of the project, thereby helping you earn money more easily and reliably.
8. Conclusion
Above are the shares and observations I learned while in the crypto market.
There is a saying that I am extremely impressed with, which is: money has value. When you contribute more value, you will receive more.
Therefore, the above are just a few ways you can refer to, do not expect too much from things that are free or only require little capital. This helps you avoid risks related to fraudulent activities in the market.
