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

There are numerous of ways to earn money in the cryptocurrency space, including, long-term investments, day-trading, arbitrage etc. A little known fact (especially for newcomers), is that certain cryptocurrencies allow you to earn a passive income; merely money that you earn without doing much to earn it. In this post, I will highlight 3 cryptocurrencies that allow you to do exactly this. Before proceeding, I’d like to quote Warren Buffett — . “If you don’t find a way to make money while you sleep, you will work until you die” Convenient links to : Part 2 | Part 3 | Part 4 NEO I truly believe ’s future is very bright, as featured in my blog post, which you can find . has been going from strength to strength and has been holding exceptionally well during this market turmoil. NEO 3 Coins to Watch in 2018 here NEO uses a consensus mechanism called (dBFT). NEO Delegated Byzantine Fault Tolerance … It is a consensus mechanism that enables large-scale participation in consensus through proxy voting. The holder of the NEO token can, by voting, pick the bookkeeper it supports. The selected group of bookkeepers, through the BFT algorithm, reach a consensus and generate new blocks. In dBFT, 2/3 of all bookkeepers will agree on what goes in each block. You can find more information on dBFT, what bookkeepers do, etc. . here In essence, acts like a share and by owning it, you own a part of the blockchain. Additionally, by owning and holding , you passively earn ; the token used as fuel on the . For example, is used to deploy smart contracts, vote on the network, etc. NEO NEO GAS NEO blockchain GAS In order to earn , you simply need to hold in your wallet and will accumulate over time. There is very little effort involved on your part. Holding it in exchanges will not yield you , with the exception of and . To get an idea of how much you generate, based on how many you hold, click . GAS NEO GAS GAS Binance KuCoin GAS NEO here You can purchase and on , , and . NEO GAS Binance Gate.io KuCoin many others VeChain Thor (VET) Although still a work in progress, I couldn’t ignore ( pivot & re-branding); a project that has been making waves in the space as of late. is going to move beyond the supply chain, and into . I will not discuss how currently works, but will focus on . VeChain Thor VeChain’s VeChain Thor Enterprise Decentralized Application (dApp) solutions VeChain VeChain Thor will introduce two new tokens: VeChain Thor (VET) will act as the smart payment currency in order to enable rapid value circulation within the ecosystem based on the . represents the right and privilege to occupy and use the public blockchain resources. The more one holds, the more rights and higher priority they have (to use the blockchain). VeChain Tokens VeChain Blockchain VET VET (THOR) will be the fuel on the blockchain and will be consumed/burnt after certain operations are performed, such as transferring VET or executing smart contracts. THOR Power The will be secured by 4 different types of nodes. There are some minimum requirements in order to become a node. Node types are determined by the they hold and . You can find more details . VeChain Blockchain amount of VET maturity date here All holders (regardless if they are a node) will passively earn by holding in their wallets. Nodes (which inherently hold more VET), as a reward for securing the network, will have a higher percentage of paid out to them. VET THOR VET THOR To see how much you could be passively earning, based on how many you hold, click . THOR VET here (VEN), the predecessor of , can be purchased on , , and . VeChain VET Binance Gate.io COSS many others ARK uses a consensus mechanism called (DPoS). This mechanism requires coin holders to vote for , who are responsible for validating transactions and maintaining the blockchain. It is quite similar to dBFT with the major difference that in DPoS only one delegate verifies the block, whereas in dBFT, 2/3 of the bookkeepers have to reach a consensus and generate new blocks. You can find more details about DPoS and delegates, . ARK Delegated Proof-of-Stake delegates here As with the previous two cryptocurrencies, there is very little effort required to passively earn . The steps are pretty simple — 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. A detailed tutorial on how to vote for a delegate can be found . To get an idea how much you could be passively earning by voting for delegates, click . ARK ARK here here can be purchased on , and . ARK Binance Bittrex , COSS some others As you may have noticed from the title, this is just the first part. There are a few more cryptocurrencies, which I would like to write about. I will be discussing these in an upcoming post, which should be landing sometime in the next couple of weeks; so keep an eye out if you are interested in finding out more. Edit: Find Part 2 “3 Cryptocurrencies To Earn You Money While You Sleep” of here . 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