Polkacity, the Passive Income Source
Recently, Michael Saylor tweeted that the ideal mobile wallet will eventually let you pay merchants in USD/EUR funded by a low-interest credit line secured by your BTC assets. Ergo, no need to sell your Bitcoin. This clearly shows the desired idea of passive income. If you do not need to spend your crypto, your assets are not decreasing, hence you can retire with what you have.
Having an asset and retiring with it, by borrowing against it is a good dream and it is now a reality thanks to the NFT staking by Polkacity.io, without any borrowing, and you don’t have to pay a dime as interest.
Purchasing an NFT on Polkacity lets you own it, verified on the ETH blockchain, and lets you make money with it. There are many NFT platforms but almost all of them give you the NFT, and you have to wait for it to appreciate. Polkacity platform also lets you gain money off of your NFT, as a passive income, as if it is a real asset in the real world. For example, if you own a hot dog stand, which costs 32670 POLC, you gain to make 1500 POLC per week, 6000 POLC per month. This translates into the stand paying for itself in 32670/6000=5.5 months.
The beauty of the NFT ownership is that you do not have to deal with workers, business taxes, bad weather, coronavirus, or anything else. Compared to the real-world counterparts, a disco, a taxi, or a restaurant, you stand to make money without the hassle. A disco may lose customers due to coronavirus but having the disco asset on Polkacity is immune to such elements. Also, the security of the code is airtight as Polkacity smart contract is audited by reputable companies. You can sell your NFT in free markets such as Opensea, and the soon to be opened marketplace. The NFT sales on Opensea are settled in ETH and the current volume is above 265 ETH. The marketplace trade will settle in POLC tokens and everyone will be able to list their NFT assets.
The team has been working hard in the background and we are expecting the majority of the asset trading to move into the Polkacity native marketplace as the trading will be carried out with the POLC tokens. For example, if you are earning 1500 POLC tokens with your asset, you will be able to directly buy an electric bike without converting your tokens to ETH. Soon the platform will work with Binance Smart Chain, decreasing the fees to cents. Polkacity launched in February 2021 and in one month, accomplished more than the roadmap promised.
Keep your eyes on us, and you will get to earn more and more every day!
Coinbase Charts: https://www.coinbase.com/price/polka-city