Cryptocurrency is popular around the world for many reasons. For some, it is a convenient way to send and receive funds and for others, it is a way to earn profit. When it comes to the latter, the most common ways are through trading tokens when their price increases, putting their crypto in interest-bearing accounts, taking part in crypto lotteries, or lending their cryptocurrency.
One common denominator among these is that they require the crypto user to take action before any sort of profit or reward can be gotten. While this has been the industry standard for many years, more projects are coming onto the scene that allows users to earn rewards without having to take any special steps.
Instead, these projects allow its users to earn rewards by simply holding or using the cryptocurrency as they normally would.
A New Crypto Reward System
Among this new crop of crypto offerings is a new token called Ginga Finance ($GIN) that not only offers the traditional benefits of cryptocurrency use but also gives instant rewards for those who make use of it. The token was inspired by an iconic Japanese mage called Ginga - The Shooting Star Gin and has practical use potential on blockchains like NB MIXER, BUSD reflection, and The Fastest Dog.
Every time that the token is used on these platforms, a portion of the proceeds is distributed. More specifically, 6% of every buy/sell in BUSD will be distributed to users who have more than 250,000 tokens. This distribution will take place on an hourly basis.
While users with fewer tokens might take a longer time to get rewards, all anyone needs to do is hold $GIN tokens in their wallet and rewards will be disbursed to them. There is also a program called the Fastest Dog rewards in which those who hold the native $GIN token in the ginga.finance dapp will see a button appear every hour that says ‘run’.
Whoever is on the network, is able to click the button first will receive a portion of the BUSD rewards earned hourly in the smart contract. This reward ranges from 1% to 100%.
While some might have concerns about the stability of a token that gives away a portion of its profits, Ginga Finance has a system in place to combat the volatility of the crypto market.
First, its initial liquidity was locked for two years and its finances are constantly audited by Solid Group. Additionally, 1% of the buy/sell transactions are added to its liquidity on Pancakeswap. Ginga Finance also takes steps to protect user privacy using a feature called Ginga Mixer that mixes transactions for a fee, which are then used to buy and burn the native $GIN tokens.
A Rewarding Crypto Experience
Many cryptocurrency and blockchain networks have gotten very successful through their users and thus, it only makes sense that these users enjoy the rewards of using them. With cryptos like $GIN, the rewarding process is more streamlined and convenient than ever.
Users enjoy everything from privacy with regards to their transactions to instant rewards every hour. This makes for a truly healthy blockchain ecosystem that puts the user at the center and rewards them for their daily contributions.
The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. The content was purely for informational purposes only and not intended to be investing advice.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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