Growing My KGO: Why and How?

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Cryptocurrencies provide a good investment alternative to traditional assets, such as the usual stock and bond investments. This article you will help you find out why and how you could grow your KGO.

Grow Your Wealth

Investing your money is an effective way to put it to work while you sleep, eat, work or are just busy doing life. Legendary investor Warren Buffett defines investing as “the process of laying out money now to receive more money in the future”, and the idea is precisely to put your KGO to work in one or more types of investment vehicles in the hopes of growing it over time.

Building wealth can be a means to a happier life. It can help you gain more control over your life, deal with unexpected situations requiring financial strength, reach big financial goals, such as buying a car, a home, starting a business or putting your children through college, or allowing you to save money for retirement. While money may not buy happiness, most of us would probably agree with French writer Françoise Sagan’s famous line, when she said she would “rather cry in a Jaguar than on a bus”.

Look Beyond Traditional Methods

Unfortunately for Jaguar lovers, traditional means of growing your money often fail to help you achieve your financial goals. Savings accounts tend to pay a very low interest rate on your money. Even though you can never lose money with these accounts, you do not make very much either and very often what you make fails to match the inflation rate, which means that your savings will not be able to buy as much in the future.

Trading stocks, on the other hand, are not the most user-friendly hobby. The whole process of setting yourself an account takes time, and although the average stock market return of 10% is decent, bankers and brokers playing fast and loose with stocks and other traditional investment classes during the housing crisis have left the “safe” reputation of these assets in tatters. 

Finally, commodities such as metals, energy products or livestock may act as a good hedge against inflation, but for most, their rate of return is far from making it a great investment asset. Given this situation, it is not surprising that people find themselves looking for better alternatives and consider investing in cryptocurrency, which offers a completely new way of owning and growing your funds.

Why Invest in Crypto at all?

In the past ten years, many cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have seen remarkable growth and have outperformed most traditional assets. Spurred on by that incredible growth, the cryptocurrency market has only continued to expand, with retail and renowned institutional investors moving billions into cryptocurrencies.

A common reason to invest in crypto is the desire to find a reliable and long-term store of value. Unlike fiat, most digital currencies are capped by mathematical algorithms and thus have a finite supply. In other words, it makes it impossible for a government agency to dilute their value by printing money and causing inflation. The cryptographic nature of digital currencies moreover makes it impossible for any authority to tax or confiscate tokens without the cooperation of the owner, which makes it attractive to people who are worried about bank failures or other disaster scenarios.

In addition, many cryptocurrencies such as KGO are inflation-proof or even deflationary. Their total quantity is hardcoded into the blockchain and cannot be manipulated. This limited-supply formula and the fact that a number of tokens have been and will be taken out of circulation as a result of missing private keys enable such cryptocurrencies to gain more value as their demand increases. 

Finally, cryptocurrencies offer an alternative that gives total control over your money. Unlike savings accounts, stocks or commodities which give you limited ownership over these assets, the decentralized nature of cryptocurrency ensures there is no third-party sitting in the shadows. When you buy crypto, you are the true owner of your assets, not a company, not a bank, just you. And that very fact opens many possibilities to grow your funds. Let us no see how.

Use KGO to Grow Your KGO

You probably already know that banks use the money we put on our bank accounts to sanction loans at high rates of interest. In return, the interest we earn is only a small fraction of what they make from our money. In the world of crypto, there are no middlemen, no banks. There is only you, other people, and platforms allowing you to make the most of your money and at higher return rates than what traditional investment methods can offer.

One process called cryptocurrency staking allows you to be an active participant in the network by delegating your KGO to receive regular rewards.

Another process called yield farming allows you to add liquidity to a decentralized exchange and earn rewards in return.

On top of it all, the value of KGO is subject to market demand, which we strongly believe will increase over time and impact the value of your holdings. Thus, you might also grow your assets just by securely hodling your KGO.

In combination with each other, these methods can generate several streams of income that can add up to a significant amount. And the best part is that they require only little effort to set up and close to no effort to maintain.