MyGate - VPS Decentralized Web3 ecosystem!

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17 Jan 2025

DeFi & DePIN
In recent posts, I have focused a lot on DePIN and DeFi as these sectors should perform well and produce some amazing passive income. DeFi has been hotting up with many LP-based airdrops and increased yields. A visit to DeFillama shows a significant increase in TVL on multiple chains and across the entire sector. DeFi Summer has officially begun.
The DePIN sector continues to experience significant growth with new projects being launched daily. I still want to compromise a list of my Top 10 DePIN projects for passive income. I have published an article addressing my top 5 projects. However, regarding the expansion, it makes sense to increase this list. Kaisar Network remains a firm favorite in terms of potential. Nodepay and Teneo are two other projects I favor for airdrops and passive income.
As I write, Nodepay’s NC token has commenced trading on multiple exchanges, including Gate.io. I am very interested to see how this plays out regarding price action, as I have identified a trend regarding DePIN utility tokens. I want to see if Nodepay remains within the confines of this narrative. DeFAI is also busy exploding regarding the sector’s market cap.
A New DePIN Mining Opportunity
I recently came across MyGate and decided to download the browser extension and give it a test run. This was approximately 2 weeks ago, just after the project had launched. I have noticed a steady rise in adoption and community growth on X. The official X account now has over 100K followers, and the browser extension has 100K downloads. MyGate is another Grass alternative.
The project has secured several partnerships, including Mises Network and Hyra Network. Hyra is another DePIN mobile application I have addressed in numerous articles. It has great earning potential, provided the token launches at the expected price of $0.01. I earn a few hundred HYRA daily, which is a good indication of the potential viability.

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This is another project, especially for those looking to maximize their exposure to DePIN passive income opportunities. Diversification is an important aspect of the Crypto lifestyle, not just investments. As I mentioned, there are several projects I am quite bullish on. However, the greater the exposure, the greater the potential. Building a sizeable DePIN passive income source is a no-brainer, especially since it costs nothing to implement.
Installing a browser extension that runs in the background while your PC is on requires a few minutes of your time and carries enormous potential return relative to the time to set it up. Another project I recently addressed is DeSpeed, which is also gaining traction and attracting new users. DePIN is a great way to accumulate free Crypto. WEB3 is loaded with opportunities. However, action must be taken to enjoy the results of this new economy.

Free Solana-Based Passive Income

Final Thoughts
Many DePIN projects are built on Solana and Peaq. Tokens earned can be swapped for alternative SOL-based tokens, or any other tokens, for that matter. The DePIN Machine Economy will be massive in years to come and I intend to gain as much exposure as possible. Remember, DYOR, and enjoy the journey. All the best and I will see you next time!

Earn Free LEO & HIVE

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.