Road to 10k/Month Crypto Passive Income | July Review
If this is your first time, read my intro 👇
On February 29th I started a personal challenge where I would try to build a $10,000 Passive Income portfolio starting with just $800. I’ve been investing in crypto for some time but have always had the same issue.
Being a young guy who lives in a 3rd world country, saving and investing more than $300 per month can be an impossible task.
I started dabbling into the idea that I could generate some passive income when I got into Wonderland last year. I know that most of you were only thinking about the crazy +80,000% APY, but all I could think was that I could cash out every week and create a new revenue stream to funnel it back to my blue-chips coins.
A few weeks later Wonderland crashed, but because I am always so optimistic I thought, there might be more Wonderlands out there that could make it. Maybe If I buy into 10 or 20 of them, at least 4 of them might survive and be my new revenue stream.
That’s how my 10k/month challenge started. I took some profits on some of my Luna position. $800, was my starting point for all of this.
Why 10k/Month? It’s a crazy idea, laughable. But with that goal, my brain has to think way more and be more creative with that target. 1k-2k is totally achievable, but I wouldn’t be as creative as I am now.
If you want to read my previous updates, here are the links to them:
January:
February:
March:
April:
Road to 10k/Month Passively With Crypto — April Update (Crossing the $1,000 Income )
May:
Here’s the video format of this article: https://www.youtube.com/watch?v=7Mjd5aVkXi8
6 Months already went by and I am still super far from hitting my crazy 10k goal. But I am still pulling some profits each month.
Thanks to the help of Grape Finance, Spring Game, and Vapor Nodes I was able to make a decent revenue this month. Below you can find a video review for each project;
Spring Game: https://www.youtube.com/watch?v=eQNuON7dav0&t=932s
Grape Finance: https://www.youtube.com/watch?v=v-ko7sWPqnk&t=14s
Vapor Nodes: https://www.youtube.com/watch?v=6jBKF1IXHCo&t=203s
If you do decide to go with these projects feel free to use my referrals;
Vapor Nodes: https://app.vapornodes.finance/nodes?invite=0x43dc5E8C988c3563db3d6C16243F5Eb4C15058A7
Spring Game: Use the creator code ‘DEFICHRONICLES’ for a 2% discount.
Projects like Polar, Pirate Nodes & Ruby Mine are still paying some rewards but the amounts are so insignificant that I see these as noise.
Adding everything up I made in total $521 in passive income for the month of July.
As you can see on my chart below;
- Week 27 — $168
- Week 28 — $152
- Week 29 — $100
- Week 30 — $101
So far I have invested in Titano, Thor, Polar, Vapor nodes, Pirate Nodes, Bamboo, Spring, Emp Money, Grape, Ruby and Sphere Finance.
Some of them I think were good investments, others just trash.
Below you can see the current ROI for each project.
Polar ~41%
Thor ~16%
Power-nodes ~14%
Vapornodes ~122%
Redlight-node-district ~48%
Titano ~156%
Sphere-finance ~91%
Grape-finance ~101%
Ruby mine ~135%
Spring Game ~ 106.08%
Bamboo ~17.80%
Pirate Nodes ~ 28.83%
Emp Money ~17.71%
Bamboo was a rug, my node on Thor got deactivated because I did not pay the fees and I sold 100% of my position on Titano.
These are my top performers so far:
This has been a rollercoaster. But I am glad I decided to try this, I have learned way more by doing, investing, and trying than just reading and watching youtube videos.
I know that this is highly risky, that’s why I only use play money. If I lose it all I will be ok.
I will continue searching for projects worth my time and money and grind my way to that 10k passive income.
If you want to support me, you can purchase my spreadsheet using the link below:
https://defichronicles.gumroad.com/l/xwwln
Or subscribe to my newsletter to keep up with everything I am doing in the DeFi space.
Contact
DeFi and Crypto can be lonely places. Let’s be friends: on
📸 Instagram: https://www.instagram.com/defichronicles/
🐥 Twitter: https://twitter.com/DeFiChronicles
If there is any way that I can help you, feel free to send me an email at thedefichronicles@gmail.com
As always, thank you for reading,
Keep building the life you deserve. 🏗️
Disclaimer: This is not financial advice, I am just a guy with a laptop sharing his opinions and experience. This is for entertainment purposes only. Always Do your own research before investing.
