Earn Passive Crypto Income with FTM Generators: Automated DeFi Farming in 2022
Earning passive income with crypto is becoming more and more popular, we’ve all come across the likes of yield optimised crypto pools, automated staking along with yield farming etc. I’d like to share one of the two projects I’ve come across that has really impressed me lately and that I’ve been invested in for about a year now!
I’d like to introduce Fractal Studios' latest project (The Generative Network) to you, FTM generators, a new way to invest in crypto and make actual daily passive income, up to 3% daily to be exact — I know what you’re thinking… 3% daily is sus, I didn’t say that though! Up to 3% daily.
Some days I’ve made +0.2%, others +2.3% — it depends on the price of FTM amongst other things (which I talk about further on into this article) to how much you can earn. The beauty of it is that it’s basically automated passive income.
How to start making passive income with crypto
All you need to do is connect your Metamask to the generator, deposit FTM (can literally start with $1 if you really want) which will reward you with generators and these will generate x credits per hour, as the amount of credits you earn goes up — so will the amount of FTM, for you to either claim back into your Metamask wallet (instantly) or you can choose to compound your FTM earnt into more generators!
The only thing worth mentioning is that you will either need to withdraw or compound one every 24 hours, they haven’t automated this yet, but it’s not the end of the world. I love checking it every day anyway to see how much I’ve earnt!
I have personally been following the 3–1 rule. Compounding for 3 days then withdrawing on the 4th, then repeating. I deposited 1500 FTM (stupidly when it was worth more than it is now… rip) and have over a million generators. I made my initial investment back in a month and now by following this rule everything else is pure profit that gets bigger and bigger every time I withdraw. If I had deposited the same amount now, I would have 10x more generators but that’s the market for you, right?
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Talking of the market. Now is a perfect time to get on board the generator train, as FTM is at a massive discount so you can get a lot more generators for your buck and earn FTM a lot quicker! Not to mention they haven’t really started to market their generators yet because of their commitment to their other projects — this means that by getting in early you will get more generators for your FTM whilst its price is low basically!
If you’re unsure then just start with a small amount, there’s no minimum, you’ll be impressed I’m sure. You can always join their Discord for support or if you have any questions as well — they have other projects on the go too, like NFT playing cards and other developments on the blockchain.
Tell me more?
The Generative Network is a part of Fractal Studios overall focus on creating a self-sustaining ecosystem of DeFi products that are both easy to use and reliable. You can use the Generative Network to distribute your DeFi profit over time and generate long-term income.
Fractal Studios is a cutting-edge blockchain research and development firm focusing on applications and gaming on public ledger systems. Fractal Studios consists of a global team; fully dedicated to both the core goals and the misson of Fractal.
In a world of meme coins and rugs, very few things are certain, but income from the Generative Network is guaranteed by the Solidity in which it’s written. The funds deposited into the contract are cemented there forever, with no withdraw funds argument built into the contract. While the expected returns on generators are 3% of input daily, this can vary based upon the total utilisation of the Generative Network.
You may notice that there are a variety of terms on the generative network website, and these terms may, at times, seem a little vague. The reason that they use the designations ‘generators’ and ‘credits’ is because of the multi-coin nature of the Generative Network. If at any time you wish to determine the value of your generator simply enter the number one into the currency field and it will show you how many generators 1 coin is worth. If you want to determine the value of credits for each individual token, you may have to do some more complex math. You’ll need to take the number of credits that you currently have and divide it by the amount you’ve earned. The value of generators and credits fluctuate with the TVL of the coin. The terms generator and credit are simply tools to allow them to make the platform as seamless as possible.
It is important to know that when you wake up tomorrow, you will wake up to income. If you’re the type of person who wants to ride the full wave of FTM or if you want security in a highly volatile market, I’d invest in the Generative Network today.
If you have found this informative or useful then please subscribe (or whatever you do on here) as I am still taking a look into the world of DeFi staking and pools. I will be posting another article once I’ve finished writing it about another platform I’m playing with, based on optimized auto-staking, which is pretty sweet. The end goal is to use it combined with my other findings and finally have some time away from manual trading and the PC.. and truly earn actual passive income!
Thanks
CK
