There are many ways to make money in crypto on individual coins. Capital gains are an obvious one. Staking is another. But with WAVES there are multiple ways to boost overall performance. I'm going to show you some tricks to use to get the most out of your WAVES.
WAVES is a token. It's also a platform for other tokens. And it is also a decentralized exchange. If you have WAVES you can lease them out to nodes. Those who run the nodes make more profit and they pass some of that profit back to you in the form of additional tokens of varying types usually agreed upon in advance. As with more traditional staking or mining the net result is you get more WAVES and/or other WAVES platform tokens over time.
Since WAVES is a platform issuers of tokens on that platform often do airdrops of their new tokens to those who hold WAVES such as sometimes happens with Ethereum. Often new tokens will appear in your portfolio with zero effort on your part other than having put the original WAVES into it. The resulting tokens can then either be kept or sold. Some tokens boost your overall token count more than others.
Oceanlabs is a micro company designing applications for the WAVES platform. One such application is POS4ALL. What POS4ALL does is essentially allow for the creation of an individual token that stakes, distributing stakes to the holders of the token periodically automatically. In other words if you hold some POS4ALL tokens they'll keep adding more tokens to your holdings.
Of final note is Wavesdrop. Wavesdrop consists of a great many WAVES token faucets which grant tokens merely for the customary entering of an address and filling out a ReCaptcha.
To sum up if you hold WAVES you get airdropped tokens. If you lease your WAVES you get more WAVES tokens which result in more airdropped tokens. Airdropped tokens, fauceted tokens, and/or purchased tokens which are POS4ALL drop even more tokens into your portfolio. Owning WAVES, leasing WAVES, and owning POS4ALL tokens creates a circular cyclone that's constantly birthing new tokens for little to no additional effort.
Then there's the possibility of capital gains. Capital gains are one coin feature which cannot be controlled but with the information above it should be easy for you to increase your holdings on the WAVES platform with no additional expense so if the price of your holdings increase you'll be ready for it. And if in the short term it doesn't you'll have the cushion of additional holdings.
Since the WAVES platform is a decentralized exchange technically one could even build up a portfolio of WAVES and other WAVES platform tokens purely by fauceting, without ever opening a standard fiat bridging exchange account! Once such an endeavor is started the efforts are multiplied by the many forms of compounding. You just need to make the initial snowball and get it started rolling!
Following this methodology myself my biggest WAVES problem is usually figuring out what all the tokens are, where they came from, and which to keep and which to sell. If you're going to do work on cryptos that's a great kind of work to have to do.
If you'd like to try out their wallet, platform, and decentralized exchange head on over to https://wavesplatform.com/
