Cryptocurrencies, NFTs, Stocks, Houses, Fiat, you name it and it’s crashed during this deep Bear market. With no end in sight we need to look for sustainable ways to still generate consistent and decent profits during this Bear Market.
One of the easiest methods is Proof of Stake (or PoS for short) which you may have heard about since the Ethereum Network recently made the merge switch from Proof of Work (PoW) to Proof of Stake.
In PoW, the first miner to solve a puzzle (block) is given the reward for performing such an important service for the network, but that requires heavy machinery and special equipment to start Mining with PoW. Though it can still be a good investment since the more PoW hardware you own, the more chance you have of getting that “first” share, and earning the block reward.
The Simplicity and Sustainability of Earning with PoS
An even easier method to sustainably earn, that even networks as big as Ethereum have completely switched to, is Proof of Stake (PoS) mining!
In Proof of Stake you only need to own some tokens and to Stake them in your wallet or Dapp (Decentralized Application) to start earning a portion of rewards every single block! That means even if you didn’t solve the block yourself, you will still get your share of the block rewards!
Where is Proof of Stake heading?
The newest innovation in PoS is the simple to use Dapp on the Binance Smart Chain (BNB Chain) known as BNBMiner.app.
BNBMiner.app is the first BNB mining simulator Smart Contract where users can utilise PoS to mine BNB coins on the Binance Smart Chain, by staking their BNB in deposit. As with all Proof of Stake protocols, the more you stake the faster and more profit you receive!
By utilising Proof of Stake (PoS) technology, users of BNBMiner.app share profits of 1% of their deposit in daily (APR). This APR gets distributed to your account each and every block (averaging every ~3 seconds)!
Because BNBMiner is a Dapp, there is no central authority running it, but rather a Solidity based Smart Contract that distributes the BNB rewards directly to your Dashboard on average each ~3 seconds. The best part is, because it’s non-custodial you may withdraw your rewards at any time just by clicking the “Withdraw Rewards” button, and confirming the transaction.
The Real Profit Starts with Compounding, Why?
For those of you who haven’t heard of Compounding before, it’s the act of taking your profits, and re-investing them in order to generate even greater returns. In the case of BNBMiner.app, there is a simple “Compound” button that generates a transaction to do this for you in 1 click!
Just to give an example of the power of Compounding, if you choose to withdraw your earnings every day for a year, you would earn a total of ~365% (APR) annually. That’s not a bad at all return on investment, or ROI.
That being said, with the power of Compounding, you could potentially increase your Staking earnings from a seemingly good 365% to an amazingly good 3,678.34% (APY) if you chose to Compound your earnings every day for 1 year! That’s 10x more profit, just by using this one simple trick (that they don’t want you to know about).
Idk about you, but that’s the only real way I know how to profit during a Bear market, and the best part is, you aren’t earning a random shitcoin. With BNBMiner.app you are actually using Proof of Stake to earn BNB tokens, the main token of the Binance Exchange (the World’s Largest Cryptocurrency Exchange) and the Binance Smart Chain/BNB Chain!
This token (BNB) has even outperformed Bitcoin (BTC) in the charts during this bear market!
So it’s safe to say, if you’re looking for a steady investment to earn you stable and sustainable interest during this Bear market, look no further than Proof of Stake (PoS) mining with the BNBMiner.app. Just stake your BNB through the Dapp using Metamask or any other Web3 wallet, to start earning 1% on your deposit daily!