Currently, throughout the internet, there are many passive income applications that can provide you with some extra income. Some of them require a bit of input from the user. Still, there is a different category for such apps that do not require any activity from the user whatsoever.
One of these applications is Honeygain. It boasts of providing a completely passive income that you get for simply keeping the application running on your device. But does it deliver on its promises?
How does Honeygain work?
Honeygain is a passive income application that provides you with credits in exchange for sharing your unused internet bandwidth with the Honeygain network. The use cases for which the shared bandwidth is used are quite vast, ranging from SEO research to price aggregation.
Honeygain is available on nearly every operating system both for desktop and mobile devices, and it works quietly in the background without interrupting your work or entertainment activities. You do not need to do anything on it besides creating an account, installing the application itself, and logging into your account there. You can just open it and forget about it.
You can connect one device per network/IP address to your Honeygain account and use a total of 10 devices. It is a good solution for those with multiple IP addresses at your disposal.
As mentioned previously, Honeygain rewards you with credits as opposed to actual currencies for the traffic that you share. Within this system, you earn 3 credits for every 10 megabytes of traffic shared. To put this into perspective, 1000 credits translate to $1.
Once you reach the equivalent of $20 in credits, you can request a payout via PayPal or JumpToken (a cryptocurrency). On Honeygain, the payouts are done in a few business days. Hence, there is no long waiting time for them.
Even though it may seem a lot, using different networks and multiple devices would make you reach the payout threshold much quicker. Also, considering that no active input is required from you, this makes Honeygain a completely passive income system.
Besides the default network sharing offered by Honeygain (that pays out 3 credits for each 10 MB of traffic shared), you can also opt-in for the Content Delivery functionality. While in it, you would earn 6 credits for each hour spent on the Content Delivery. The difference here is that this earning method is used for more bandwidth-intensive things, thus, the earnings are bigger.
Honeygain also offers two “modes”: one is the default Honeygain mode, whereas the other is JumpTask mode. While in JumpTask mode, your earnings would be converted to JumpToken – a cryptocurrency – automatically. This would help you circumvent the $20 payout threshold since you would be able to transfer your earnings to your crypto wallet at any time.
A referral system is also present on Honeygain. By joining using your friend’s referral link, you would immediately get a $5 bonus to your Honeygain account. As for your referral, they would get an equivalent of 10% of your earnings to their account. Needless to say, you are encouraged to invite your friends to join, and get a bonus from them, as well as to give a bonus to them.
Finally, Honeygain offers a daily game – Lucky pot. You can open the Lucky pot once per day and win upwards of 10000 ($10) credits. The winnings are guaranteed, as you are bound to win at least some credits.
As we are all aware, the trends of data breaches and other nasty things is pretty much never-ending. More and more people are becoming aware of the importance of their online security.
The connections that are established on the Honeygain network are encrypted, thus making them very secure. Besides that, no one from the outside can access this network, and it is only used by Honeygain itself. And the use cases themselves pose no risk to you.
Even the installation of the application itself creates a strong image of safety since it does not ask for any permissions when installing it on Android devices, and it is available on the Apple App Store (which is notorious for very tough safety requirements). During registration to Honeygain, no personal data is required too.
They are going for a more transparent approach in regards to how your shared bandwidth is being used by providing articles and other information about it. All these precautions could potentially make Honeygain the safest option in the market for passive income applications.
As far as passive income applications go, Honeygain is indeed the one that provides you with completely passive income. As only the registration and installation are required, it can not get any more passive than that.