How You Can Build Passive Income With Myntist

How You Can Build Passive Income With Myntist

Trading
December 19, 2022 by Diana Ambolis
2052
If you polled 100 people and asked what their goals are, quite a few would inevitably mention their finances. It has been proven that making better financial decisions is a significant New Years’ resolution for people around the world.  One of the most important ways to improve your finances is by creating different streams of
How You Can Build Passive Income With Myntist

If you polled 100 people and asked what their goals are, quite a few would inevitably mention their finances. It has been proven that making better financial decisions is a significant New Years’ resolution for people around the world.  One of the most important ways to improve your finances is by creating different streams of passive income. Passive income, as the name implies, is money you don’t need to ‘work’ for, and that comes in without you doing anything.  There are several ways to create passive income; real estate, stocks, and so on. But perhaps one of the most accessible ways is by leveraging the tools provided by Myntist

What is Myntist?

So, we all have old things we don’t need anymore. These could be clothes, books, and so on. Usually, if you wanted to get these things off your hands while still making money, you’d turn to resale sites like eBay.  At first glance, this might sound strange. After all, if you see an old jacket on eBay, you only get paid for it one time. But what if you could turn them into a means of passive income?  But Myntist is a revolutionary blockchain-based platform that lets you transform any asset, whether physical or digital, into a passive income source.

So, how does this work?

First, you upload your item to the site for sale, and if someone is interested, they can buy it. For buyers, payments can be made in their local currency, but payouts are made in the site’s native $MYNT token, USDC, Bitcoin, Ethereum, or in fiat. Once the item is bought, you don’t just get paid for it. From then on, every time that the item in question is resold, you get a cut of the sale price. Think of it as royalties for everyone who sells the asset at any point in time. Over the years, as the item changes hands, you get to enjoy long-term passive income simply by listing things that you don’t need anymore. If you’re the parent of a small child, for example, you can list their old baby items for sale as they get older and create a passive income stream for them. 

You can also help the environment by using Myntist. Many of us have the habit of throwing away items once we no longer want to use them, which contributes to landfills and waste. When you choose to list them on Myntist, they are given a second, third, and even fourth life, rescuing waste. This is also true for companies as they can list their overstock or older items rather than sending them to these landfills and creating a new income stream. Over time, this will begin to influence their product creation process as they will be made to be used for longer and by more people. This is what Myntist refers to as investing in the circular economy and doing its part to preserve the environment. 

But there’s even more;

because the Myntist platform is centered around its native cryptocurrency, you can also choose to stake your earnings. If you bet your tokens for a significant amount of time, you can earn up to 40 times your initial amount in interest over the years, which means even more money. For those looking to get into Myntist early, the company has announced an early adoption token to be available in the first quarter of 2023. A total of 2,222 assets will be made available for USD 225. Those who hold the ticket will have access to the Myntist ecosystem and financial benefits. 

Myntist has created an exact price mechanism to keep the value of its native token consistent. Locking away the tokens via staking means that their supply within the market is reduced, but the use of the ticket within the marketplace means that the demand for it will remain high. This combination means that users’ tokens will only continue to increase in value whether they choose to stake. 

Create a Payment Stream

Many of us want to begin creating our passive income streams but don’t have the means. After all, starting a real estate portfolio to buying stock is a substantial financial investment. But Myntist lets its users create passive income with things that they already have.  By putting the magic of crypto to good use, we all can begin building a passive income stream using Myntist.