Passive income through the game is simply to keep coins. Focus on there sidual income in POS coins that can provide you with monthly earnings.
Passive Income and Stakeout
The Stake Test (residual income in pos) is a simpler and more energy efficient alternative to the Work Test (PoW). Instead of having to dig new blocks and validate transactions, residual income in pos is a lottery process and each currency is supposed to be a lottery ticket.
In the simplest version of PoS, coin users will bet a certain amount of money on the system and cannot use them. When the system creates a new block, there will be a randomly chosen wallet to validate the transaction. That means that the more coins you have, the greater the chances of being selected for the validation of the transaction and receiving block rewards.
The stakeout creates a mechanism that encourages owners to invest in a platform and use it regularly. This is good for the network and also for users, since they can earn a percentage based on the amount of coins they bet on a monthly or annual basis. These gains can vary from the smallest% to 20%, 50% or even 99%.
Here are 5 Proof of Participation coins in no particular order to help you earn passive income.
NavCoin separated from Bitcoin in 2014 as a non-profit, peer-to-peer and open source project. It is also one of the cryptocurrencies that fully uses the Participation Test model, and some people already have passive income from there Check this out.
All you need to do is deposit NAV in the Wallet Core wallet and put it in stakeout mode, then earn money. Your computer needs to work continuously to get the maximum benefit. But because PoS is lightweight, you can run the wallet on a Raspberry Pi and forget it.
NavCoin has a long history in the cryptocurrency community. Staking out is extremely easy without any difficulty. Owners can expect to earn up to 5% of annual earnings. For a more accurate estimate, see the NAV stakeout scoring mechanism.
- Lisk (LSK)
Lisk has many similarities with Ethereum, easy to use and widely accepted.
Lisk uses the Delegated Participation Test system instead of the standard PoS. Only 101 delegates will receive the prize in block. Users who bet LSK and use them to vote for delegates. Then, delegates share the reward with their voters of 6.25 to 100% of their income.
Income varies from owner to month, but many reports show that they receive approximately 10% of their initial investment after one year. It should also be noted that to maximize ROI with Lisk, you must bet at least 400 LSK.
Ark is more than just a cryptocurrency; It is the whole ecosystem. The project aims to link different blockchains through SmartBridge smart technology, providing instant service and scalability regardless of the platform you are using. This progressive thinking of Ark means that they don’t really have competitors, they only have partners.
Like Lisk, Ark uses a Delegated Participation Test system. Users who own ARK vote for 51 delegates to find the new block. Delegates can validate transactions, receive rewards and then distribute the% of their election to voters.
One of the obvious advantages of passive income through Ark is the ability to earn money without having to use the online wallet. As long as you have voted, you have fulfilled your obligations, you will earn money at stake. You can even store ARK on Ledger Nano S and vote directly from the device.
The profit is different according to the income and the percentage of participation of the delegate. If you are a serious investor, you will get 10-12%. Ark’s official blog has a complete guide to voting for those who wish to participate.
- Reddcoin (RDD)
Reddcoin is a currency created to simplify digital transactions for the public. This project integrates small payments in the main social networks to allow instant rewards for valuable content.
Read an article or watch a video you like? Send some RDD as bonuses. Reddcoin users who lose 0% of transaction fees make the platform an excellent transition payment solution.
Like most other currencies, rethinking RDD is quite simple. Start by downloading the Reddcoin Core wallet, then upload some RDD to earn money. The stakeout is simple, but it takes many days to synchronize the data and you must be constantly online to have income.
Staking RDD generates about 5% of annual revenue Reddcoin Stake Calculator can estimate revenue more accurately.
- Okcash (OK)
The Okcash network was created in 2014 as a low-cost cryptocurrency for businesses and individuals. The idea is to keep rates as low as possible and give users full control of transactions, making Okcash easy to become a common payment system.
Okcash was a PoW currency, but they eventually moved to PoS, with the desire for long-term stability through the stakeout mechanism. Gamblers can earn 5% in 2018, with a rate that drops to 2.5% in 2019. By 2044, the percentage of passive income will be reduced to 0.03%.
The stakeout of Okcash requires an official wallet configured for stakeout and connected to the Internet. The minimum amount of participation is not required.
Stratis is a blockchain service for companies. Companies can use STRAT as a turnkey solution to launch their own applications, eliminating the cost of maintaining the blockchain infrastructure. The main advantages of Stratis include the development of applications using the C # language and transactions stored in the side chains.
Stratis started as a PoW project, but finally passed to PoS. Staking requires the Stratis Staking Wallet Client wallet with a dedicated Internet connection. This means that you must keep your wallet and computer online for passive income.
The profit of participation of Stratis is 0.5-1% per year. This is not a highly profitable PoS currency, but because the network is for businesses, backed by Microsoft and has a solid foundation, its long-term revenue potential is quite promising.