Two DePIN Passive Income Applications

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15 Oct 2024

My Perspective
I have always said if it doesn’t cost you anything or require your time, it’s worth it regardless of the return. This is the passive income perspective to build passive income over time. It’s not an overnight arrival and many shun the journey of many “little” steps. The beauty of passive income is it’s effortless, so there can be no comparison to time or effort. Action-based work is relative and should be measured by the time and effort required to earn.
Free to install and use DePIN dApps won’t make you a lot of money. However, they will tick over in the background without any effort required on your part. In this instance, both projects have a market cap of a few million. This means that tokens earned now will be worth more later next year. The idea is to stack as many as you can in the interim.
Some may recall when PancakeSwap launched in the previous cycle. Tokens that were valued in cents peaked at $44! The passive income I was earning with CAKE kept on rising. The point is that as the market matures, valuations increase. Accumulated tokens become more valuable, if acquiring them costs you nothing, it’s a win/win. Have you ever wondered why you see millionaires selling hotdogs over the weekend?
It’s a habit, that’s how they arrived. They are always looking for additional income streams. You may wonder how such income can be relevant to a millionaire. It all comes down to how he chooses to put that income to work and in the Crypto economy we are spoilt for choice. Passive income earned via these dApps can later be deployed to produce even more passive income. This is the compounding work of the ant.
The first dApp project was recently launched on Solana and has a fully diluted market cap of only $1.9 million. The current value of the UpRock token, UPT, is $0.0176 with a local top of approximately $0.04. UPT can easily be 10X to 20X in a full-blown bull market. I see every UPT mined as $0.50 to $1 even though the current valuation is only a few cents. The idea is to mine hundreds and even thousands of these tokens.

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The fact that my phone is doing all the work makes it profitable. Many people miss out on passive income opportunities because they compare their earnings with what they earn daily. This is the biggest mistake. How can you compare an entire day of work and effort with zero work and effort? They are not comparable. This is truly passive income that increases with every passing day.
The second project is Nodle originally born in the Polkadot ecosystem but recently migrated to ZKsync. Downloading the application makes your device a node on the network. The nice thing about Nodle is that you can download it on as many devices as you like. Like UpRock, it runs in the background mining NODL tokens. The current value of NODL is $0.002 and has a market cap of $7 million.

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The all-time high of NODL is $0.02 making it an attractive token to mine, as tokens are relatively easily mined. I sometimes mine more than 10 NODL per day per device. Accumulating thousands of these tokens will prove viable when altcoins hit the euphoric stage later next year. The only thing I do is open the application each day to ensure it is live and up to date.

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Final Thoughts
You won’t get rich mining DePIN tokens but will likely make some decent passive income if you hold and sell at a market peak. That capital can then be deployed to alternative ideas such as staking to produce even more passive income. It’s also a great way for newcomers to become associated with Crypto, regarding addresses and sending and receiving assets. All the best catch you next time!

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Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.