Best Passive Income Options During Coronavirus Pandemic

Whether you're affected by the mania surrounding the Coronavirus pandemic or not, one thing is sure: When it goes to the economy, the Coronavirus impacts several households.

Investment funds struggle. Events for coming days are cancelled. People hitting hardest, though, may well be the people facing lay-offs and job instability; the folks who work in the daily service industries. We are in a pretty dire situation all over the world and it looks like a lot of us may get laid off, fired, or just not be able to work for a while. That has left many wondering, “How am I going to make money during the Coronavirus?”

We might not have all the answers, but I decided to ask some crypto traders, margin dealers, and everyday people what are some of the best ways to make money during the Coronavirus, and here is what they had to offer.



1. KuCoin Lending
KuCoin Lending lets you easily grow your wealth by accruing interest on your funds. Essentially, you’re lending your assets to margin traders on the platform, and they pay interest to you in return for borrowing your funds. Anyone can choose from a wide variety of options as it supports multiple crypto such as BTC, ETH, EOS, LTC, XRP, ADA, ATOM and more!
Benefits of KuCoin Lend:
• The main benefit of using KuCoin Lending is the opportunity for passive gains with your crypto. Whether you’re a crypto HODLer trying to maximize gains or a frequent trader who wants to take a break from the action, KuCoin’s Lending products allow you to accrue interest & increase your token balance regardless of how the market moves.
• The annualized return depends on how the user sets the lending period and daily interest rate. It can be 7, 14, or 28 days period, and the annual rate of return is 8–12%.
• The platform charges incredibly low rates to users, and they own much of all the money from the profit that user gets upon lending their money. The principal and revenue will be instantly sent to the user 's main account after the lending period expires.



2. Pool-X
Pool-X let users unstake their tokens at any time, providing an opportunity to adapt to the changing market conditions. However, it goes beyond just a trading platform. The Pool-X ecosystem was created as a means to facilitate the development of the staking market as a whole. Services such as flexible deposits, exchange market (for staked crypto to provide liquidity), the node supermarket (where users can find and join nodes), or the multi-currency wallet (which allows users to store their tokens), make the platform much more convenient and user-friendly.
Benefits of Pool-X:
• Double rewards - Anyone can get node rewards and POL through participating in staking at Pool-X. For example, if I stake TRX on Pool-X, the staking income for TRX’s will be obtained and I will also get a certain amount of POL.
Note: Firstly, compared with other PoS mining pools, Pool-X has a built-in liquidity trading market, in which lockup assets can be traded, and POL will be used as the "currency", so it'll create a win win situation for the POL's value. For example, when the ATOM’s price increases, POL will also increase, but when ATOM’s price falls, POL will still increase. How's this? Well, as long as there is liquidity demand in the market, POL will be utilized which will give it value, hence, a lead to price increase of POL. Second, the listing of more staking projects and engagement of nodes in Pool-X will also tremendously enhance the demand of POL in the liquidity exchange as well as accelerate the burn mechanism of POL. Lastly, there were no fundraisers for POL, the previous holders are all real users of Pool-X and POL will be used when they go utilize the whole products of Pool-X.
• Anyone can freely choose between the flexible staking products and the fixed staking products to participate in staking on Pool-X.
• It provides a one-stop service that enables users to proceed with mining and staking in a much easier way by transferring or simply depositing funds into their accounts
• Pool-X frequently launches time-limited staking campaigns together with the projects supported by the platform. It offers
• Anyone can earn staking rewards without needing to set up nodes, worry about minimum staking amounts, time lengths, or any hindrances you might think of. Just keep a balance in your Pool-X account and earn!



3. KuCoin "Gold Rush" Super Referral Program
Either just a user or a media influencer, you can sign up as a "Gold Hunter" in this new program. With KuCoin's new “One Code For All” rule which includes — Spot, Margin, and Contract, whenever a user you refer make a transaction, you can get commissions from these three trading channels. For the first 3 months, depending on your KCS daily average position, KuCoin will reward you with a 40% commission of your friends’ trade (Spot, Margin, and Contract).

No need to check back every time someone makes a trade, just sit back, relax, and watch how you make profits of the trading fees in the traded token. Expecting to see several users utilize the program to its fullest, I know anyone will greatly benefit from this; especially if they have a lot of friends and acquaintances.