PassiveXRP declares that the company’s primary purpose is to generate passive income simply by holding coins. And by offering a low transaction cost to generate a large trading volume, the platform’s market capitalization has risen from $2000 to $200,000 in just a few days.
How passive income works
Passive income is a profit made through projects where the individual is not actively involved. Most of the time, all you must do is invest your money or digital assets in a crypto investment plan or platform and wait for it to profit. In some instances, earnings are predictable and stable. In other circumstances, factors beyond your control may be at play.
The process on PassiveXRP of buying and holding cryptocurrency is a common technique for people to get a return in the crypto market with little to no engagement.
The investors are willing to buy a digital asset with the expectation that its value will rise dramatically in the future. However, they do not have to be active in the crypto market. The investors only need to buy the digital asset and store it in a secure crypto wallet that is not under their control.
What exactly is a crypto wallet? Primarly, it is a software, which can also be working together with a hardware device, that maintains a private key allowing the holder to access their cryptocurrency. Non-custodial options let you store the private key on personal devices like a computer, phone, or wallet whitout any third-party overseeing. On the other hand, the private keys are held by a third party in a custodial wallet.
What PassiveXRP brings new?
PassiveXRP’s primary goal is to produce passive profits by keeping the tokens.
What are the advantages? To allow high volume daily trading and benefit diamond hands holders, each transaction will be taxed at a rate of only 5%, divided into the following sections:
- 3% of a transaction tax are divided among all XRP coin holders;
- 1% goes to the marketing wallet;
- and 1% goes back to liquidity. <span data-ccp-props=…….
Source: https://cryptomode.com/passivexrp-announces-generating-passive-income-as-its-main-goal/
