Before proceeding any further, I’d like to thank each and every reader of my blog for the enormous support and responses I’ve been receiving over the past few weeks. As promised in Part 1, which you can find , I will highlight 3 (more) cryptocurrencies that allow you to earn a passive income. And since this quote was highlighted hundreds of times last time, I’d like to re-iterate and quote Warren Buffett once again — . here “If you don’t find a way to make money while you sleep, you will work until you die” Convenient links to : Part 1 | Part 3 ICON (ICX) is another project that has been making headlines as of late, which I also see as having great potential. It has been dubbed as the “Korean Ethereum” but has so much more going for it and this tag does not justify it. has and will soon allow converting (or token swap as they call it) the “placeholder” (these were just used to launch their Initial Coin Offering) to “real” . ICON ICON recently launched their main net ICX ERC20 Tokens ICX tokens Closely tracking ARK.io from my , uses a consensus mechanism called (LFT) with an incentive system very similar to (DPoS). This mechanism requires coin holders to vote for , who are responsible for validating transactions and maintaining the blockchain. You can find more details about LFT . previous post ICON Loop Fault Tolerance Delegated Proof-of-Stake delegates here Once has fully launched their main net (including their wallet ICONex and token swap mechanism) all you would have to do is set up an account and cast your delegate vote. You will then receive a payout through the delegate as a reward for voting for them. Details on how much you will receive in return has not been formalized yet, as there are no historical data to calculate estimates. ICON ICON You can purchase (ERC20 tokens) on , and . ICX Binance COSS , Gate.io many others COSS.io (COSS) Unlike all other coins discussed above, rypto ne top olution ( ) is an “exchange token” and these have been gaining popularity over the past few months. C O S S COSS works as follows —Every transaction executed on the exchange carries a small fee (between 0.04–0.2% depending on each individual’s trading volume), for both the price maker and taker. Half of the fees will then be placed into a , which are then distributed to Token holders at the end of the week. These dividends are paid out in the respective tokens that the transaction was executed, i.e. if the transaction was on the ETH/OMG pair, you would receive an ETH and OMG payout, instead of COSS. COSS ecentralized utonomous rganization (DAO) D A O COSS Depending on where you store your tokens, the procedure to receive your payout is slightly different: COSS If your tokens are stored on the , then nothing extra is required. The payouts will happen automatically every week (which are cumulative and you can claim with a few clicks). COSS COSS.io exchange If you use an for storing your tokens (i.e. MyEtherWallet) then you would need to execute a particular function in the COSS Token smart-contact. Details on how this can be done can be found . external wallet COSS here has an excellent calculator that allows you to determine dividends, while also allowing you to modify the specific variables that affect payouts (daily volume and fees). CossCalc can be, unsurprisingly, purchased on COSS COSS . PIVX (PIVX) rivate nstant erified ransaction ( ), is a of the Dash ( ). Unlike , which uses as a consensus mechanism, uses . I will not go into details about PoW but you can find more details . P I V T PIVX fork DASH Dash Proof-of-Work (PoW) PIVX Proof-of-Stake (PoS) here From (which will eventually become PoS as well): Ethereum’s wiki . In PoS-based public blockchains, a set of validators take turns proposing and voting on the next block, and the weight of each validator’s vote depends on the size of its deposit (i.e. stake). PoS is a category of consensus algorithms for public blockchains that depend on a validator’s economic stake in the network More information about PoS can be found . here Naturally, those who hold the most amount of coins and are staking will play the largest role in securing the network. As a reward for securing the network, they are paid with newly minted (created) coins. There are two ways to earn a passive income with . PIVX — Masternodes provide extra services to the PIVX network than normal nodes. In return, Masternodes earn additional rewards. In order to run a Masternode, you need at least 10,000 PIVX. Details on how to set-up your own Masternode can be found . Running a Masternode here — This method is very simple and has no minimum PIVX requirement; you can stake any amount of PIVX. All you need to do is set-up a PIVX wallet and keep your wallet “active” (i.e. online). Detailed steps on how to stake PIVX can be found . Stake your PIVX here In order to find out how much you can be passively earning with , you can visit the PIVX Reward Calculator page . PIVX here You can purchase on and . PIVX Binance others Make sure you give the post a and my blog a if you enjoyed this post and want to see more. clap follow You can also show your support by donating to the following addresses: : 0x4c7195E074cf0Ab6F77Bdb7C97Fd2567066Bb712 : 0x4c7195E074cf0Ab6F77Bdb7C97Fd2567066Bb712 DDxQ5C2mQqAN8ntG3ShxooJYQGoWcnJq1F : 395JpxqaQLVYP2cP4uVMDBPPArdtdKBfZk : 181FSPLrFWVK3Tpfmev678pLrUa2KPeoFh : LgJw5vJo2ExXFTQaWuLJVbRtqDiscXNG7U : 0x4c7195E074cf0Ab6F77Bdb7C97Fd2567066Bb712 AcLW33JQLyFvN6yudxtNwyYdays3tJZHwN xrb_1q8ejx1ifrfss4bh7raieieybnqoy4ocwzf8dn4zh3gj1rq9a1pgs9ipq4h7 GB64FOA63UN4OBRF76JPCVVVFZ424U4CD2AQCJXJY5SY7IX7GRWHWYLS : Af1igVZ5GP6VDBE1MWdM9ovSeVq7wCs3zA**IOTA**: QNRFWZROPTRTZRGOYGAPXCKOFMNANIZIMYJASSDEMUIGZXUSB9EYDAJM9EFDGZZDOGOBQPTGRCLQIXPAI ICX COSS PIVX: BTC BCH LTC ETH ARK: NANO: XLM: NEO/GAS Disclaimer : All information and data on this blog post is for informational purposes only. My opinions are my own. I make no representations as to the accuracy, completeness, suitability, or validity, of any information. I will not be liable for any errors, omissions, or any losses, or damages arising from its display or use. All information is provided as is with no warranties, and confers no rights.

Ethereum

Litecoin

Bitcoin Cash

Stellar

IOTA

Maker

Dash

Binance

fees

Real World Applications of Cryptocurrencies — Retirement Plans

3 Cryptocurrencies To Earn You Money While You Sleep — Part 1

Visit my website for more info

Read My Stories

Too Long; Didn't Read

CTA: Download the FREE AI Productivity Shift report

3 Cryptocurrencies To Earn You Money While You Sleep — Part 2

3 Cryptocurrencies To Earn You Money While You Sleep — Part 2

About Author

Comments

TOPICS

THIS ARTICLE WAS FEATURED IN

Related Stories

Untitled Story

The Looming Financial Crisis: What Will Happen To Bitcoin?

IoT in Logistics: Efficiency Through Connectivity

06/02/2018: Biggest Stories in the Cryptosphere

06/09/2018: Biggest Stories in the Cryptosphere

05/02/2018: Biggest Stories in the Cryptosphere

The Looming Financial Crisis: What Will Happen To Bitcoin?

IoT in Logistics: Efficiency Through Connectivity

06/02/2018: Biggest Stories in the Cryptosphere

06/09/2018: Biggest Stories in the Cryptosphere

05/02/2018: Biggest Stories in the Cryptosphere

Light-Mode

Classic

Newspaper

Dark-Mode

Neon Noir

Minty

HN StartUps