In 2014, an e-commerce company called Jet launched intending to compete with online shopping behemoth Amazon.
Whereas Amazon focused on fast, free shipping… Jet would take the Costco approach: a fee-based service with better prices.
To get started, Jet raised $80 million from big-name investors like Goldman Sachs, Bain Capital, Alibaba, and Fidelity.
But it also wanted to hit the ground running. So it launched a competition called the “insiders referral program” to incentivize people to help build its user base.
Those who referred the most sign-ups to Jet would win equity in the company. The top referrer would win 100,000 shares of Jet, and the following nine would receive 10,000 each.
That’s where a man named Eric Martin stepped in…
A marketer by trade, Eric had previously run for Congress in Pennsylvania. And he used that experience of engaging with the public to boost his sign-ups. In total, his “campaign” efforts cost him $18,000.
And it worked. When the contest ended, Eric found himself the new owner of 100,000 Jet shares.
Fast-forward to 2016. Walmart bought Jet for $3.3 billion, and Eric cashed out… for over $10 million – a 55,456% return in just two years.
This wasn’t just a success for Eric, but for Jet as well. In total, the contest brought in over 350,000 new sign-ups to the platform. That meant Jet already had a strong user base when it launched.
This mutually beneficial relationship is at the heart of a new trend taking the crypto-income space by storm. It’s called “yield farming” (also known as “liquidity mining”).
Like Jet.com, it’s an innovative way for blockchain projects to grow their user bases and increase their liquidity. And many yield-starved investors are just waking up to its potential.
This is an entirely new way to make income from crypto. And today, I’ll tell you why now’s the time to prepare for crypto’s latest craze…
A New Way to Earn
For a real-life farmer, yield is the total number of crops produced on a unit of land. For a crypto yield farmer, yield is the value of rewards and interest generated from crypto assets.
Yield farming is part of the bigger Decentralized Finance trend, or “DeFi” for short, and it’s going to become one of the biggest wealth-producing crypto trends this year.
But more specifically, yield farming is a subset of “Tech Royalties”… and it’s a part of the DeFi ecosystem that’s unfamiliar to many investors.
With Tech Royalties, you stake your crypto assets to their respective protocol. That helps secure the network by guaranteeing that your staked crypto is available to validate transactions on the underlying blockchain.
In return, you receive more of the crypto as a reward.
In fact, while interest rates reach record lows and many companies cut their dividends, Tech Royalties in our Palm Beach Crypto Income service continue to average a yield of about 10%.
That’s 664% higher than the current yield on the S&P 500.
So it’s no surprise the excitement for DeFi is growing…
You see, DeFi projects have started incentive programs to attract liquidity to their protocols. And they’re doing that by issuing governance tokens.
Governance tokens give holders the power to influence decisions concerning the project’s core protocol.
And liquidity refers to the ease with which you can trade an asset without affecting its price. It’s determined by the volume of trading activity.
It may sound complicated, but all you need to know is this…
Just this year alone, the crypto market has surged to nearly $3 trillion… and that’s just a drop in the bucket compared to how far crypto has come since the sector plunged in March 2020.
Look at bitcoin. It’s up more than 1,202% from its March 2020 lows.
Remember, what’s good for bitcoin is good for the entire crypto ecosystem… And since most cryptos in the DeFi space are much smaller than bitcoin, they can see much bigger gains.
Crypto users are piling into projects for the opportunity to earn tokens and improve their yields. And projects are benefitting by seeing their liquidity and viability grow.
They’re essentially doing what Jet did when it launched. With Jet, the liquidity came in the form of new sign-ups. And the reward came in the form of equity.
In DeFi, you provide liquidity and get tokens as a reward in return. It’s an entirely new way to collect income from crypto.
The Biggest Craze Since 2017
What we’re seeing in DeFi today is a speculative mania led by the new yield-farming craze. It’s reminiscent of the initial coin offering (ICO) craze that swept the crypto market in 2017 and propelled some tiny names into well-known projects.
Unlike the ICO craze, we believe yield farming is here to stay. It’ll help drive the expansion of DeFi and boost the returns of Tech Royalties… and so far, we’ve seen some incredible results.
Some of our Tech Royalties even have open gains as high as 4,009%, 4,292%, and 34,469%.
That’s the power of Tech Royalties. Not only do they generate double-digit income streams… they can also create quadruple-digit returns.
And thanks to a pre-programmed event Daily editor Teeka Tiwari calls “The Second Phase,” a handful of these special cryptos is about to soar in price…
To learn more about Tech Royalties and the Second Phase – including Teeka’s No. 1 Tech Royalty to buy right now – click here.
This opportunity won’t be online for long… and once the Second Phase triggers, it’ll be too late.
Because if Tech Royalties continue to break out like we’re seeing today, then the life-changing profits ahead will be beyond anything you’ve ever seen before. But you need to get in now.
Regards,
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Greg Wilson
Analyst, Palm Beach Daily