5 Ways to Earn Through the Bear on Solana
Solana is a high-performance blockchain that supports super-fast, cheap, and scalable transactions. Solana achieves consensus using a proof-of-stake mechanism and its model, known as “proof-of-history” mechanism. Proof of history enables the network to operate faster because nodes do not need to communicate to validate a block.
Solana’s native and utility token $SOL provides a means of transferring value as well as blockchain security through staking.The Solana ecosystem of platforms and protocols continues to grow despite setbacks in late 2022 due to FTX insolvency which impacted many projects and Solana itself.
Despite this, people can choose to continue to earn on big projects built on Solana through this period of broader bear market and reduced price of the $SOL token, stack their $SOL and see what the future brings for the Solana ecosystem.
Here are 5 ways to earn with projects built on Solana.
Genopets combines elements of move-to-earn, play-to-earn, and NFTs to allow you to grow and battle your own digital creature. Players can nurture their Genopet by completing exercise-based challenges. By tracking data points such as sleep, movement and heart rate, the stats of your Genopet improve so that you can level it up to compete in battles.
Genopets uses two tokens, $GENE and $KI, which function as governance and utility tokens within the Genopet ecosystem.
Step’n is an innovative move-to-earn platform that rewards users for exercising. Accessed from a smartphone app, Step’n combines GPS and movement data to track exercise that is paid out in the platform’s rewards token, Green Satoshi Token ($GST).
The platform also includes Green Metaverse Token ($GMT), which is the platform’s governance token and also serves in leveling up and minting of new NFT sneakers needed to earn on the platform.
Brave is a privacy-first web browser that protects users from invasive third-party apps. By default, Brave Browser removes all ads and trackers from sites then offers users the choice to see non-intrusive Brave Private Ads.
Opting to see the ads signs a user up for the Brave Rewards Program, where they are rewarded with Basic Attention Tokens ($BAT). The browser offers a secure way to store $BAT with Brave Wallet.
Audius is a decentralized music streaming platform catering to a community of fans, artists, content nodes, and discovery nodes. The platform removes the middleman and offers the freedom to distribute, monetize, and stream audio content.
Powered by its native token, $AUDIO, Audius rewards artists based on the value their music uploads provide on the network.
5. Star Atlas
In Star Atlas, players operate as spaceship captains in a gaming metaverse that combines a grand strategy space game with blockchain mechanics. Captains earn $ATLAS by enlisting their ships to their faction’s fleet for missions. $ATLAS serves as the native in-game currency and is used to buy in-game assets and maintain resources.
All game assets are owned by players and are tradeable in the marketplace for $ATLAS.
Explore more ways to earn on Solana in our Discover list here by adding the Solana tag filter.