Thirty thousand dollars per month in passive income…from a cryptocurrency.
Can that be real?
Well, the team behind the new 0x0.ai crypto project thinks it’s possible. And if they’re right, those who
own this Ethereum-based cryptocurrency stand to make a nice chunk of money as crypto traders
gravitate to the services 0x0 offers.
We’ll come to those services in a moment. First, a bit about 0x0.
The project has quietly gained a lot of heat in the last month, as it pumped to $0.09 in late-May from just
$0.0005 in mid-February, meaning that in the on about three months, 0x0 clocked a nearly 18,000%
gain. Every $100 invested returned $17,900—a stunning sum for a token that isn’t based on a meme.
Indeed, there’s a real business behind the scenes. And it’s that business that has the crypto community
all at twitter about 0x0’s future: AI-based smart-contract auditing, a privacy mixer, and a privacy DEX.
I don’t have the space to deeply dive into each segment, but here’s what each offers in a nutshell:
AI Smart-Contract Auditor
As 0x0 explains in its white paper, its AI-enabled auditor relies on “machine learning techniques to
identify patterns and anomalies in the [smart-contract] code, flagging potential issues for further review
[in] areas where the code could be exploited. The auditor checks for issues such as logic errors, access
control vulnerabilities, and input validation vulnerabilities, among others.”
As such, Crypto/NFT teams can use this tool to analyze smart-contracts and identify potential
vulnerabilities that hackers could use an exploit to steal cryptocurrencies and NFTS. That helps
developers identify and fix coding problems quickly and before the smart-contract is deploy, improving
security and reliability.
Privacy Mixer
An online tool allowing crypto users to anonymize their cryptocurrency transactions. Mixers already
exist, but they’re going to become all the more relevant as governments adopt digital fiat currencies that
will give governmental agencies the ability to easily track every penny that moves around.
By running crypto through a mixer, end users regain their privacy.
To be sure, the U.S. government cracked down on a mixer called Tornado Cash because, G-men alleged,
the mixer was facilitating the laundering of crypto from hacks and other nefarious goings on.
0x0 recognizes this reality. It has located all of its servers outside of America and has built back-end
technologies that monitor for suspicious or clearly illicit activities and immediately shut it down, thereby
helping to mitigate the idea that mixers are only employed by criminals.
Privacy DEX Aggregator
Think: 1 Inch, but with a privacy overlay so that no can see what crypto you are buying or selling, where
the funds are coming from, and where they end up.
This, to me, is the primary reason to own 0x0.
As with all DEXs, 0x0 will charge a fee for its use. In this case, that fee is 1% of the transaction, and it’s
the reason that the team, in a recent AMA session, estimated that those who hold 1 million 0x0 tokens
will likely collect between $3,000 and $30,000 per month, based on 0x0’s privacy DEX captures some
percentage of the daily trading volume that flows through the world’s DEXs, which includes Uniswap,
Sushiswap, PankcakeSwap and others.
Scaled down, the team’s math would imply that every 10,000 tokens (a cost of about $700 as I write this)
would generate as much as $300 per month.
I ran my own numbers based on these assumptions:
$2.45 billion in average daily DEX volume, based on year-to-date data from The Block.
0x0 captures 1.5% of that global volume.
0x0 charges its transaction 1% fee.
100% of the transaction fees are returned to 0x0 owners, which is the team’s stated plan.
Those data points would imply that every 10,000 0x0 tokens will generate about $124 per month in
income. Of course the numbers will fluctuate daily, but that gives you a ballpark idea. If 0x0 captures
more of the market, well then the income shoots higher. Less of the market, the income is lower. (This
does not take into account the income 0x0 will earn from the privacy mixer; the AI smart-contract audits,
meanwhile, will be free.)
0x0 is undergoing tests on the Polygon network and will soon deploy on ETH. Once payouts begin, 0x0
owners can track them on a dashboard and claim them daily, weekly, or whenever.
As I write this, 0x0 is trading at about 0.07 per token, meaning 10,000 tokens is about $900. Assuming
my math is remotely close to what 0x0 distributes, you’re potentially collecting $124 per month,
recouping your entire investment in less than six months. On an annual basis, that’s a 113% yield.
0x0 trades only on Uniswap and a centralized trading platform called LBank. However, to benefit from
the payouts you’ll need to hold your 0x0 tokens in your own wallet, not on an exchange
Once 0x0’s full stream of income begins to flow and investors see the payouts—and assuming those
payouts reflect my projections or the team’s—I would expect to see 0x0 shoot north of $1, probably
higher.
Privacy will increasingly be in demand among crypto owners. If 0x0 pulls off its plans, the token could
prove to be one of the best to launch this year.