How I Earned 1 Free BNB Using This App!
Passive income is the talk of the town these days — indeed, an ideal passive income stream is one that gives the greatest amount of rewards with the minimum amount of effort possible; this is even better if that income stream requires no initial capital/ investment to begin with! Welcome to the age of internet monetization, where you can earn money by simply using a ubiquitous resource with which you are reading this article now — your internet bandwidth!
Here’s my story of how I earned 1 free BNB without having to invest any capital/ investment to begin with.
Introducing Honeygain
Of the many internet crowdsourcing apps available on the market, Honeygain is a formidable contender that allows you to earn passive income on your surplus internet bandwidth — a valuable resource that instead of being left idle, can translate into a steady stream of passive income earnings. I became acquainted with Honeygain in February 2022, and over the course of 8 months have earned quite a staggering (although not a life-changing) amount of money with minimum effort apart from the initial period of configuration!
Here’s a throwback to my first article on Honeygain back in February 2022 when I first joined the platform, which has been ever expanding since.
My Earnings
These are my results after 8 months of consistently monetizing my internet connection with Honeygain!
1000 Honeygain credits are worth $1; as such, 537,183 Honeygain credits translates into a whooping $537 — quite a significant amount of money given the little amount of effort it took me to get started!
How I Spend My Earnings
Earnings in Honeygain can be paid out in the form of PayPal/ Bitcoin/ JumpTask. I chose to earn in JMPT, which is the native coin of the JumpTask network, a new platform in the gig economy space. Choosing to earn in JMPT gives a more flexible payout option (no payout threshold to request payment) and an additional 10% bonus in earnings!
Some of my earnings in JMPT have been converted to other forms of cryptocurrencies, like BUSD, BNB and Elephant Money.
A recent milestone is that I earned 1 BNB (1.15BNB to be exact) entirely using funds earned from Honeygain!
My BNB balance on Trust Wallet — entirely from Honeygain’s earnings!
How To Start Earning With Honeygain!
Sign up for Honeygain here to avail a free $5 signup bonus!
Choose to earn in JMPT (which is more flexible and grants an extra 10% bonus earnings too), or the default option with Paypal as the payout method (a $20 payout threshold applies). You will need to link a wallet like Trust Wallet (my preferred option) or MetaMask to JumpTask to start earning in JMPT.
You can continue holding JMPT for an anticipated appreciation in its price or convert it to another cryptocurrency of your choice.
How To Convert Your Honeygain Earnings Into BNB (Or any other crypto!)
Once you have a sufficient amount of earnings in JMPT, consider cashing it out. (I usually do so when my JMPT tokens amount to at least $5, although there is no minimum requirement for this — simply because conversions on the DEX will incur transaction fees, which may be relatively significant if you use it on too small a transaction)
Go to your JumpTask Dashboard, then click Withdraw. Your JMPT tokens will be credited into your Wallet shortly.
Head over to a decentralized exchange (DEX) like PancakeSwap or Biswap.
Connect your wallet to the DEX.
Head over to ‘Trade’, then ‘Swap’.
Select JMPT token as the crypto from which you would like to convert. If you are swapping from JMPT for the first time, you need to import the contract address first.
Choose BNB or whichever crypto into which you would like to convert your JMPT tokens. (My personal preference is BNB due to its relatively lower swap fees)
Input the amount of JMPT tokens you would like to swap, and proceed with the transaction.
Congratulations on embarking on a journey of passive income using Honeygain!
Security Concerns
A very valid concern that must have crossed your mind upon the thought of renting out your unused internet bandwidth is privacy and security issues. Rest assured that Honeygain ensures that your internet traffic is only used by trusted partners for the intended purposes; and never accesses your device’s storage. It has a very tight privacy policy, based on the latest international privacy regulations like GDPR and CCPA. The application also never collects any personal data beyond what is absolutely necessary to creating an individual account. In fact, during my installation of Honeygain on an Android device recently, I was pleasantly surprised to learn that my device reported that ‘Honeygain requires no special permissions’!
Tips To Maximize Your Honeygain Earnings
Use multiple devices across different IP addresses.
Choose to earn in JMPT.
Enable Content Delivery.
Open the Honey Jar daily!
Participate in Honeygain’s affiliate program.
Avail a variety of contests on Honeygain’s social media platforms.
Ensure proper technical configuration.
Ensure a stable internet connection.
Avoid cheating the system!
For full details on how to maximize your Honeygain earnings, check out my article here.
Final Thoughts
Honeygain is one of my favourite passive income applications due to its ease of use and relatively high returns given the minimum effort required to set it up. Sign up here today to receive a free $5 bonus credited into your account to get you started on this amazing journey of passive income!
If you’re interested to check out other similar passive income applications that require no capital or investment to begin, feel free to check out my article here. Happy earnings!
16 Free Passive Income Apps To Earn Money On The Internet Without Any Investment!
★Free apps to earn money without any capital!★
🎁 Honeygain A passive income app to earn money off your unused internet bandwidth. Get $5 for free, no investment required.
🎁 Peer2Profit A passive income app to earn money off your unused internet bandwidth.
🎁 IPRoyal Pawns A passive income app to earn money off your unused internet bandwidth.
🎁 EarnApp A passive income app to earn money off your unused internet bandwidth.
★Cryptocurrency Investment Platforms★
🎁 Cake Defi A one-stop investment platform that bakes passive cashflow at APYs of up to 100%! Get a $50 bonus in DFI with a $50 deposit.
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★Cryptocurrency Trading Bots★
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🎁 Pionex A free multifunctional arbitrage trading bot that automates the process of buying low and selling high, 24/7.
🎁 One Button Capital An AI bot powered by neural networks that manage your cryptocurrency portfolio on autopilot.
★For Malaysian investors★
🎁 Luno Get a RM25 bonus in BTC with a RM100 purchase of BTC!
🎁 Stashaway Get free investing for 6 months!
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