Yes, it is possible. In today’s post, I will show you how to make money from your phone. I am not talking about working from your phone but using certain apps on your mobile that can potentially earn you a tidy sum of cash.
Not it is not playing silly games to earn vouchers from Paypal or Amazon. I have tried some of these games, and they have all turned out to be scams. What I am talking about is genuine projects that have created apps to mine crypto right from your mobile phone for free.
So what’s the catch? Well, let’s get into the details, and I will show you how to make money from your phone.
Mining Crypto on your Mobile
Mining crypto was quite easy when Bitcoin first started; you could mine it from your PC. These days it is not viable to do it from your PC. You need a specialized mining rig and cheap power for it to be profitable. The other alternative is to join a mining pool, but this can be risky as well. See my post on the IQ Mining Scam.
There is an alternative now. Two new projects have developed apps where you can mine crypto directly from your phone. It cost nothing to join, and you don’t have to invest any money. Just download the app, enter your referral and start mining to collect coins.
So what’s the catch?
The catch is that they have NO market value at the moment. The projects are still in the rollout phase. In theory, if the project’s work and they take them onto the official mainnet, the coins will have a value.
I know that all sound a bit technical, but that is basically how all crypto coins start. Let’s look at each app, and you can decide for yourself if you want to start mining from your phone on the apps.
Welcome to Pi π
The π story in under a 1 min.
What is Pi?
Pi is a new cryptocurrency for and by everyday people that you can “mine” (or earn) from your phone.
Disclaimer: Pi is NOT free money.
Pi is NOT free money. It is a long-term project whose success depends on the collective contributions of its members.
Pi is dedicated to helping everyday people capture more economic value that today goes to banks, technology giants (e.g., Facebook, Amazon), and other intermediaries. Pi depends on the collective contributions of its members. If you are looking for quick money, look elsewhere.
I have looked into this project. You can read their White Paper to learn how it all works. From their roadmap, they plan to take the project to Mainnet around the end of this year. This is when Pi will have market value.
To read a full review on Pi, check out my post ===> Is Pi Network a SCAM | Pi Review
To start mining Pi for yourself, you need to download the app from your app store and enter the referral code: BigDavo
You can only join with a referral code. This is just a cheap way of marketing for Pi. Don’t worry, and it is not a MLM or Ponzi scheme.
- The invitation code is – BigDavo
- Direct Link is – minepi.com/BigDavo
Once you have downloaded it, you need to get verified. This step is important; otherwise, you could lose your coins. It is a simple phone SMS verification, or you can do it with FaceBook also.
Then you need to click on the button every 24hrs to earn Pi; that’s it. Then hope the project succeeds, and your Pi will have some market value.
Remember, everyone thought Bitcoin was a silly idea when it started, and it has recently reached $60,000.
Bee is another mobile app that you can use to mine Bee from your phone. It is virtually identical to Pi. It appears they have copied the Pi idea, but they are a few years behind Pi in their rollout.
Pi is already on the testnet as per their road map and looks like getting to Mainnet. Bee is a little way off that yet.
You can read the Bee White Paper and decide for yourself if you want to mine Bee.
Bee is fast approaching 10 million users and will go to Phase 2 of their roll out when that happens. Bee seems to be growing in users very fast. The mining rates will halve when they reach the 10 Million mark.
I am a little sceptical of Bee and have been trying to find the real-world value in Bee. I am mining Bee, and I mine Pi, so I figure I only have to push another button to collect Bee as well.
If both projects fail, I have only lost a little of my time, no great financial loss. On the other hand, if the projects are good and both achieve Mainnet, they will have some value, and I can exchange my tokens for real cash.
Have your CAKE and Eat it Too
Another option that you will be able to get cash flow from is CAKE DeFi.
CAKE DeFi is a project that is on Mainnet and is solving real-world issues in decentralized finance. They have their own Blockchain, which is called DeFiChain, and their native token is DFI.
You can not mine DFI on your phone, but you will able to Stake it; they are releasing an App very soon. CAKE is trying to make it easy for everyone to generate cash flow from crypto. They are bringing out a mobile app version that is user friendly, so even those new to crypto can get involved and generate cash flow.
At CAKE, you can put your crypto to work for you and earn fantastic interest on it.
You can earn over 100% APR at CAKE.
I currently use all the services at CAKE and have been for over six months. It is working really well for me.
Blockchain, crypto and decentralized finance are our future, whether we like it or not. I have chosen to learn about them and can now use that knowledge to my advantage for wealth creation.
Pi and Bee are projects that still need to be successful for any money to be made. Will that happen? I don’t know, but I think it is worth my time to mine the coins for now.
I personally use these services, but you need to DYOR and decide for yourself if you want to do it. Who knows? It could be like getting into Bitcoin at the beginning.
Pi and Bee, that is how to make money from your phone, and soon you will be able to have CAKE on your phone too. I love technology and what it brings to the table; none of this would be possible without it.
Now go and get your slice of Pi or CAKE.
! DISCLAIMER: I am not a financial advisor. This is not financial advice. The content and material I provide on 2dsirecrypto.com is my opinion only and general in nature. Always do your own research before investing any money. You should always understand the risks involved in trading and investing and seek advice from licensed professionals before undertaking any investments of your own.