Many crypto beginners are not aware that cryptocurrencies also offer passive income possibilities. As crypto becomes more popular, it creates new chances for making money.
The goal behind passive income generation using cryptocurrencies is to earn money without actively participating in the process. Investors can now put their tokens to work for them for as long as they like. With new crypto projects like Parody Coin (PARO) you can earn passive income with little or no work.
What is Parody Coin about?
Parody Coin (PARO) facilitates the minting, selling, and purchase of parodies of popular NFTs such as CryptoPunks and Bored Apes, as well as access to their functionality. PARO is a deflationary utility coin that runs on the Binance Smart Chain (BEP-20). The inventors will also benefit from a user-friendly interface provided by Parody Coin.
The Parody Coin ecosystem includes its own decentralised application (dApp) store. The long-term goal of the project is to enable third-party developers to build and launch apps inside the ecosystem. These dApps will provide a variety of services in order to promote the platform’s growth. These will include assistance in the minting, trading, and use of parody NFTs.
Parody Coin brings NFTs to the masses
The Parody Coin ecosystem is designed to incorporate the most advantageous features of NFT markets. Users will be able to sell and purchase parody NFTs through the platform’s NFT Marketplace. The primary goal of Parody Coin is to solve the low access to the NFT market caused by excessive fees and prices, as well as to give functionalities not available in the existing NFT markets.
The Paroverse feature is intended to help in the establishment of NFTs that interface with the actual world in order to satisfy the needs of metaverse development. The Paroverse allows the possibility to construct and participate with virtual worlds that are interfaceable with the real world using NFT parodies and other decentralised applications.
How can you earn with Parody Coin?
Parody Coin’s primary purpose is to give all users a variety of passive income options. For people that want to participate in the Parody ecosystem without minting and selling parody NFTs, Parody Coin enables three primary revenue streams:
profiting via the paroflection (token reflection) mechanism, staking on the BNB chain, earning through the ParoRewards scheme.
Through the ParoRewards program, Parody currency holders earn BEP20 tokens. The solution is designed to lend funds in exchange for a return on money markets via the BNB Chain network. This enables holders to benefit from compounding interest.
PARO is a deflationary utility coin. It means that the total number of coins in circulation does not increase over time, but rather decreases. This is because a part of the fees paid by users are automatically routed to a burning wallet, where it is wiped and never returned to circulation.
Before its Initial DEX Offering (IDO) on PancakeSwap, a total of 300 million PARO tokens will be pre-mined. The PARO coin, which is now in phase 1 of its presale, has already sparked widespread interest in the crypto market. You may join the other early PARO investors by clicking on the links below!
For more information:
Parody Coin
https://presale.parodycoin.io/register
https://t.me/PARODYCOIN_OFFICIAL
Keywords: Parody Coin, PARO, NFT, Passive Income, Cryptocurrency, ParoRewards, Paroverse.
