In the crypto world, there are many ways to make money beyond trading coins. Here are nine common methods; see how many you understand.
1. Trading coins is buying low and selling high to profit from the price difference, which is the most basic operation in the crypto world.
2. Holding coins means keeping potential coins for the long term, waiting for their value to increase.
3. IEO arbitrage refers to participating in new coin issuances or activities on exchanges to gain profit opportunities.
4. Airdrop farming is participating in project activities to receive free tokens and wait for appreciation.
5. DeFi mining involves providing liquidity or staking assets to participate in decentralized finance projects and earn mining rewards.
6. Physical mining is purchasing mining machines to engage in computational power mining and earn income through continuous output of coins.
7. GameFi gold mining is participating in blockchain game projects to earn tokens or NFTs through gameplay and turn them into cash.
8. Primary market refers to participating in the private placement or crowdfunding phase of a project to acquire early stakes at a lower cost.
9. Early project donations involve supporting a project to launch in exchange for tokens or subsequent rights incentives.
There are many opportunities in the crypto world; the key is to find a method that suits you, and continue learning to make steady progress.
