I got into cryptocurrencies in June, safe to say that I am pretty new. In that short period I developed a love for the cryptosphere. Since being entranced by the world of crypto, I wish to invest in the growth of the space and reap the benefits of it's development. I have resolved to seek ways in which I can eventually accumulate a passive source of crypto. The following are examples that I have researched and stumbled upon. Each are great opportunities going forward.
Before I continue, keep in mind that these dividend or interest paying vehicles are yet uncategorized by most- if not all governing bodies and will most likely be considered securities. Who knows what may happen once full-on government regulation comes into play. Here in Canada, I hope the government takes a progressive, non-confrontational approach- as Canadian stereotypes would oblige. The United States or China, who are slightly less friendly towards cryptocurrencies may not; keep that in mind.
My first example is my personal favorite. TenX
TenX hopes to be the future of how crypto is spent. They endeavor to make any token spendable anywhere that Visa or Mastercard are currently accepted. They currently have cards in circulation exchanging exclusively Bitcoin at this point with future plans of making any ERC20 token spendable. TenX is a wonderful opportunity since it has a rock solid team, great vision and it dosen't hurt that Vitalik is an advisor who is also invested. TenX will eventually (2018) pay 0.5% of all merchant fee-based revenue to token holders. Their estimates are that each token will pay an equivalent Etherium pay out of $0.06 by 2018, $1.06/ by 2019 $5.31 and by 2020 (provided their meet their sales targets). TenX is currently pretty undervalued ranging from 1.60$-2.70$ USD in the last few months with a market cap around 200 000 000$ USD.
My second favorite passive income instrument is Kucoin.
Not many have heard of Kucoin since crypto has been blowing up recently also because it's a fairly new exchange, it has been operating for around 3 months now. I do most of my trading from Kucoin nowadays, allow me to explain why. Kucoin charges an average fee of 0.01% (some coins are higher- others free), half of the 0.02% norm. What they have done to change the game is to allocate 50% of all fee based revenue to Kucoin-coin holders. They have developed a coin which entitles everyone holding it, their share of 50% profit share. The volume on this exchange is growing rapidly, 2 weeks ago we would average 5 million, now it's around 7 million. The exchange also has chat support and a "Vote for coin" option which gives a sense of community.
Now I don't want to be pushy... but if you plan on opening an account with Kucoin please do so with my promo code & link!
https://www.kucoin.com/#/?r=E3fq8N
Code: E3fq8N
This article is getting quite lengthy so i'll end it here- so but I have more examples and will publish them in further posts, Until next post Steemit readers!
Be very, VERY careful with cloud based mining sites. They may claim to be legitimate, but they could very well be running something in the background, using your computer to mine for them. I would know, it happened to me.
Interesting, what was the result of that?
Your computer runs slower, dies a slow, painful death, and someone else profits from your misery.