There’s a myriad of ways to make money with cryptocurrencies. Steemit is an obvioius one. But I’ve also wrote in the past about others like forecasting on Wings and staking with PIVX and CLOAK.
Ark is a decentralized, scalable, and interoperable blockchain that aims to be the platform for consumer adoption. It uses its Smart Bridge technology to connect blockchains and uses Delegated Proof of Stake (DPOS) for fast transaction times. There are 51 Delegates that forge blocks and you can delegate your ARK stake to one of them to earn income. I’ll explain how below.
First, you can’t delegate without some ARK tokens. You can buy on Binance, Bittrex, Cryptopia, Coss and others.
Next, you’ll need the Ark Desktop Client wallet. You can download it from here.
Once you have the wallet downloaded and some ARK in there you’ll want to go to the “Votes” tab. There you can click on “Add Delegate” to add a Delegate.
Some things to keep in mind. It costs 1 ARK to vote for 1 Delegate and 1 ARK to un-vote as well. Each ARK has an equal voting weight of 1.
So who do you pick? You can read about Delegates on the ARK.io Forum.
You can also scroll through the delegate list in the wallet and it will show you each delegate’s approval and productivity percentage.
Your best bet is probably to use this reConNico ARK Profit Calculator.
I chose ‘doom,’ and got my first payout recently. I'd take a picture but the wallet won't let. How's that for safety?
Overall, it’s pretty easy to set up and start delegating ARK.
Anyone else out there delegating on ARK? How’s your experience?
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To the moon!
This was so helpful information. I will try to delegate some ark and see what happens. Thanks
I will look into this thanks dude.
Check it out, good way to earn a little income if you own ARK.
Wow very simply explain ... nice article
Thanks!
@g-dubs your explanation is very lovely
thanks for this
Very Good!! ^^
Thank you!
thanks for good post
Cheers!
Thanks @g-dubs for your great info of Cryptocurrency
Simply good explain. Carry on @g-dubs
Thank you sir!
Need to do some research on this to see if I can get on the train.
They're in a competitive space. I've read good things so far but need to do more research too.
Thanks for the post, will check it out. I don't stake Ark, but I am in some other proof of stake coins and some delegated. The ideal scenario would be to end up with a masternode and reap the passive rewards!
That's a good plan... I remember when you could get a Dash masternode for 7k!
Woah. If only we all got in then!
Lol, if only... we'll just have to find the next one.
I have my eye on a few already!
Very nice explain.
Cheers!
very good explain about cryptovurrency.Important Explain, Thanks for share this post.
Thanks!
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