Exploring SmartBCH: Maximizing Possible Ways to Earn Extra with your Stuck Fund's!
February 04, 2022 - Friday, 05:00 PM
When we indulge ourselves with something, let us always bare in mind that there is no way of turning back and we have to make sure that we are on a hundred percent (100%) committed to finishing or achieving it and or even just surviving through the process. The worst mistake we can do once we indulge ourselves to something is to quite before trying hard and never dare the challenge your faced on.
I have indulge myself into SmartBCH with just a little bit of knowledge or let me say just an overview of what are its full potential. I don't even know that time what is Web 3.0 and what makes this evolution of World Wide Web different from the first two stages but still, because I was eager to earn and not to learn at that moment, I hop on the SmartBCH train cause I get FOMO after seeing some virtual friends on noise.cash earning extra that time.
The moment I indulge myself with SmartBCH was also the time where I was so addicted to NFT Games chill'hustler's, that's why I was late for two weeks into jumping in with SmartBCH. I have 5 NFT games last July of 2021 and sad to say nothing left after the typhoon because up until now I still can't download or update the games.
Now let's head to the main body of this article chill'hustler's on how to maximize or make passive income with SmartBCH.
Decentralized Exchange's Farms and Pools
We all know how to use the Swap features in all the DEX'es chill'hustler's but there are also many who doesn't now about adding Liquidity Pool or Staking. Adding an Staking LP to your farm is called Yield Farming in which you'll get a percentage of the total Liquidity of the said pair of tokens. In this way we can maximize and gain passive income for the long especially when the market is down and nothing you can do with your farms.
Pools feature is also same with staking but you don't need to have a pair of two tokens to be able to have a live stake on the pool. All you need is the token that the DEX has a pool of and you can directly stake it.
Farms and Pools are can be done in all first seven Decentralized Exchange's (DEX) on SmartBCH wherein in each and every DEX has a Utility/Governance Token. When you add farming and pools staking in a specific DEX, that DEX utility/governance token will be the token you'll earn from the funds you stake.
Here's a list of all seven DEX's in SmartBCH and it's Utility/Governance Token.
BenSwap - EBEN
MistSwap - MIST
CowSwap - MILK , formerly named MueslieSwap
TangoSwap - TANGO
1BCH - 1BCH
Tropical Finance - Daiquiri (DAI)
DexSmart - DSMART
Adding Liquidity to a Pool on SmartBCH is not that expensive because BCH and SmartBCH has it's flagship feature as one of the Chains in crypto that has the lowest minimum gas fee per transactions and faster confirmations. It's all good even for a day, your gas fee expenses and contracts fee are just dust to the fund on your farms even if you'll add worth a single dollar per pairs and it all will be covered easily from your gains.
AUTHOR'S Perspective
I personally have live farms and pools chill'hustler's and the strategy I'm working always is to buy utility/governance token of each DEX's. Because in this way, I feel more comfortable with the DEX I'm locking my fund with. Also, I don't have enough funds to buy all the tokens in SmartBCH but shill hopeful and aiming in expanding my own small portfolio to other tokens as well.
Locking funds on DEX are not just for the bearish market alone but also very ideal for a longterm investment and hold it for awhile on the DEX as long as you don't have emergency needs and use of the fund because you can also easily withdraw it anytime you want.
When doing farms and pools also, it would be best if your not checking it on a daily basis but recommend you to just visit it in a week or a month, others even just leave it on the DEX and forget they have a stake, I know some of them and I'm also one them... Hehehe...!!!
There are still more to talk to in SmartBCH and maybe I'll write about it on my future articles chill'hustler's and I'm excited for it.
Hello there Chill'hustlers!! 🙋🏽♂️ That's it for today and as always, I'm glad you reach the end again, thank y'all for always sharing your day with me, see you on the next one Chill'hustler's. Have a chill vibe love month and stay hopeful cause better days are comin', Good vibes always, Jah bless and PEACE ✌️!!! 🙏🙇
Adieux!
Title : Exploring SmartBCH: Maximizing
Possible Ways to Earn Extra
with your Stuck Fund's!
Carewind: 43rd Article
February 04, 2022 - Friday, 05:00 PM
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