4.3.0. How to Make Profits from Blockchain Interoperability
You may ask, “What Is the Relevance of blockchain interoperability to my profits?”
There are three ways you can make money from Blockchain Bridges:
(1). Building your own Blockchain Bridge
If you are in the Crypto Market, then it is also your responsibility to protect the market and contribute to its growth. You can contribute to the growth by building a blockchain bridge, build a market for your bridge and charge fees for anyone who wants to use it.
(2). Mint a Token
At the same time, you can build a blockchain bridge, mint a utility token for it, and market the token.
(3). Invest in Blockchain Bridges
Secondly, by knowing the direction of the emerging technology in the Crypto Market, you can invest in these new technologies and reap greatly. That is, you can invest in a Blockchain Bridge by buying its utility token. Early investors who buy when the price of the token is still very cheap usually make huge profits if they can be patient for the price to grow up.
For example, when THORChain released its native token in September 2019, it was 0.007939 USD. Imagine if you were aware of it and bought one million tokens, which would have cost about 8 000 USD! Today (September 2021), the price of THORChain is 7 USD. Meaning, your one million tokens that cost 8 000 USD would have been worth 7 million USD, and that is an increase of 87 400%. Wao!
That is the power of crypto investment! Hope you’ve understood this.
4.3.1. Important Points
Thus, you know why you should invest in wrapped tokens and cross chains like Thorchain, Bifrost, Polkadot, etc. You can buy their tokens and enjoy their rapid price growth.
In fact, if you are yet to buy Polkadot, do so right away. It is the future of blockchain technology.
The Crypto Market is very young, and as such, you are quite early if you invest in these smartchains. Some of the native tokens of these blockchain ecosystems are ridiculously cheap. But they won’t remain that way for long.
Be wise and invest your money in this future financial system. You won’t regret doing that.