Cheap cryptocurrencies for passive income that could rise in October

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Among the huge number of tokens on the market, there are coins that are cheaper than others and have useful features. Such altcoins should be sought out in presale campaigns. During the presale, developers sell their tokens to early investors at a reduced cost, thus incentivizing them to participate in a new project.

Moreover, some crypto startups offer another way of income – passive. So, in addition to the potential growth after the start of trading, investors can also count on profits from the steaking of these coins. According to experts, Bitcoin Minetrix and Meme Kombat became promising tokens in September.

New cryptocurrencies with a steaking function for passive income

When looking for coins with which to generate passive income, two key indicators should be considered. First, the size of the offered placement fee, expressed in APY (annual percentage yield). Second, the growth potential of the coin in terms of its market value. Given that Bitcoin Minetrix and Meme Kombat are pre-selling, their performance could be higher compared to already listed coins.

Bitcoin Minetrix is a new way to “mine” bitcoin using ERC-20 token steaking and then burning it to generate cloud mining credits. Over $300k has been raised in the week since the pre-sale started, and the coin is currently worth just $0.011.
Meme Kombat is a platform where the most famous memes (Shiba, Floki, Pepe, etc.) fight thanks to artificial intelligence technology, generating revenue for viewers. The project has already raised $215,000 and offers an APY of 112%.

Bitcoin Minetrix

Bitcoin Minetrix (BTCMTX) is a new green, simple and less costly way to mine bitcoins via Ethereum. The project’s own token, BTCMTX, is sent to be staked in exchange for cloud mining credits, which are then burned and the investor gets their share of the mining. The more tokens burned, the more rewards accumulate.

While BTC “mining” rigs can cost $10,000 or more, the minimum investment in Bitcoin Minetrix is only $10. Not to mention that traditional mining consumes a lot of electricity and creates noise pollution.

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So far, $113,000 has already been invested in the pre-sale campaign, just a few hours after launch. More than 1 million BTCMTX have already been sent to staking, and the offered yield is 37,345% APR. The APY will decrease over time, but right now the reward is 158 BTCMTX per ETH block.

70% of the maximum offering of 4 billion coins is available in a 10-step pre-sale. One BTCMTX is worth $0.011, but that value will change by the final round and rise 8% to $0.0119.

Platform Features:

Will release an app for both smartphones and computers with a dashboard to track all mining metrics.
Makes BTC “mining” accessible to non-professionals.
Tokenization of the hashpower acquisition process ensures that end users retain full control over their funds.

Meme Kombat

The team behind Meme Kombat (MK) is realizing a new concept in the meme coin niche. Instead of basing a project on a single meme, the developers are combining them all in the battle arena. Meme Coins has a very large number of subscribers online, so Meme Kombat has a chance to attract them all.

Users can place bets on the outcome of fights and if the hero wins, receive rewards and even the project’s own token – MK. This coin is the main currency of the game, so those who want to bet on fights will have to purchase it. The most profitable way to do this is during the current presale, when the cost is reduced.

Along with opportunities to earn from betting, Meme Kombat also offers passive income through steak rewards. The ecosystem’s profit mechanisms are allocated 30% of the total coins, which amounts to 12 million MK.

There are 6,000,000,000 tokens allocated for pre-sale, each priced at $1,667. Early investors have already invested over $200k in the project.

Two other positive signs in terms of the project’s transparency are the passing of an audit and the disclosure of the creator’s identity. Rarely do developers of meme crypto projects share personal details, but the CEO of Meme Kombat even provided a link to his LinkedIn.

Additional perks:

Pepe, Pepe 2, Milady, Kishu, Mong, Shiba, Sponge, Wojack, Doge, Floki, and Baby Doge will battle in the first season.
The current APY for Steaking is 112%.
The first project of its kind to combine memes with betting on the outcome of a fight.

How do I participate in the pre-sale?

While there are some nuances that may vary depending on the specific presale project, the essence of the process remains the same: investors buy tokens and wait for them to become available. A presale offers participants the opportunity to purchase assets at a reduced cost, and it can be one of the most affordable ways to invest in the world of cryptocurrencies. Let’s take a closer look at the steps of buying a new coin.

Step 1: Visit the official cryptocurrency website

It is important to remember that in the case of successful projects, there are often fake pages. For this reason, you should first make sure that the site is official. For example, open all the links and go to the project’s social media pages.

Step 2: Connect a cryptocurrency wallet

Upon entering the token’s website, the investor should see a widget with presale information, including the amount collected, the value of the coin and the available currencies for exchange. In the same window, there should also be a “Connect wallet” label (Connect wallet). You need to click on this button to link a cryptocurrency wallet.

Those who don’t have a digital vault can create one using the presale widget. Popular solutions are MetaMask or Trust Wallet.

Step 3: Buy the required number of coins

As a rule, presale projects accept three digital currencies: ETH, USDT and BNB. You can also pay for the purchase of tokens using a bank card. For example, you can buy Bitcoin Minetrix and Meme Kombat using all of these methods. The main thing is to leave a stock of ETH coins in the wallet to pay the gas commission. After setting up the wallet, it remains to specify the amount in digital currency that the project accepts and exchange it for new coins.

Step 4: Get the tokens after the pre-sale is over

After buying the desired amount of tokens, you need to wait until the end of the presale stage to get them. Previously purchased assets will be sent to the same wallet address from which the purchase was made.

Completion

Stacking coins are becoming popular among investors seeking passive income. By choosing quality projects such as Bitcoin Minetrix and Meme Kombat, traders can also target anticipated growth through token appreciation.

Additionally, pre-sales can be useful for investors looking to diversify their portfolios with tokens that can take off quickly. Early access to different ways to make money, participation in a growing community, ownership of innovation, and the opportunity for early liquidity are the benefits of investing in presale.

Of course, it is important to remember and never lose sight of the fact that there are risks involved in these types of projects. For this reason, it is advisable to do your own investigation beforehand.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.