Here is why I am buying SmartCash and other similar coins that offer residual income:
Cryptocurrency has grown immensely over the past couple of years, and I think that trend will continue on for at least another 4-5 years.
Sometimes it can be very hard for one to hold on to their coin during a bear market. It can be depressing to watch the value of your coin go down and down. That is one reason I have been investing into coins that have some type of residual income, either through staking or built into the smart contract.
I think holding coins that are still growing through staking or profit sharing will be much easier and less stressful. At least you can watch your coin balances rising even if and when the market is tanking.
Here are some coins that offer some type of residual income and how it is implemented into their model:
1. Ethereum- Although you can't currently stake Ether, it will be possible to do so in the coming year or so. This means that simply holding Ethereum will gain you more coin. Proof of Stake was created by Dan Larimer who also helped bring us Steem! The more people are holding long-term or "staking" their coin, the more secure the network is.
2. SmartCash- This coin also has staking that is currently active. Simply holding the coin for over a 30 day period allows you to start earning more SmartCash as your reward for helping securing the system.
3. HeroCoin- This is a gambling token that has profit-sharing built into their smart contracts. This means every time someone else gambles using HeroCoin, I will be profiting as a coin owner!
4. Decentraland(MANA)- Since I purchased VR property in Decentraland, I will be able to lease out my property to someone who wants to open up a digital store, casino, attraction, group, or anything else the mind will be able to imagine!
5. Steem- You can delegate your Steem Power and get paid nearly the same amount you would have made if you upvoted 10 of your posts everyday.
6. NEO- This is another coin that you earn GAS from just by holding the coin!
There many other coins out there that has staking and other ways to earn through holding the coin. I think that this is a great opportunity and many people will be seeking out these coins in the future.
What is your favorite coin that allows you to earn residual income? Tell me in the comments!
To the moon,
Really good advice to have some of these in a portfolio .
I used to stake but the volatility of the coin makes so much more impact than the stake reward it’s hardly worth it. It would be interesting with a stable value coin.
For my passive income I hodl smartcash and setup SmartNode. Another coin that receive dividends are komodo, bitcore, posw, and kucoin.
this is why i love smart cash and steem
I own SmartCash as well. The fact that you get paid out every month just for holding it is an awesome proposition. I like those exchange coins like kucoin and coss too because they give dividends.
Smart move, as a passive way for income I think this is great thinking process. I think the idea behind Decentraland on the virtual property was great and I just didn't know if I missed the boat on that one or not. I saw their website and the digital sphere that they've made just seemed pre-mature....maybe I need to take a look at it again.
Always upvoted and always reliable content. Please consider my blog as well. I currently have 70,000+ followers on Youtube, Twitter, and here combined where my goal is to help improve the crypto community. I'm a crypto analyst in the community with high accuracy calls, and a focus on improving YOUR trading game in a concise and educational manner.
https://steemit.com/bitcoin/@philakonecrypto/bitcoin-btc-feb-1-in-depth-fundamental-and-technical-analysis
Good information posted! I didn't know a couple of these so thanks for the tip! I will research...
I'm focused on investing in steem
If you would like to invest in another crypto in the future, just trust and take advantage of the downturns to invest ... and see results in the medium term ... good post
I like Coss, CryptoBridge DEX ( kucoin types exchanges) Flyp.me( a shapeshift -profit share) and ads credits and adzbuzz communities.
I wrote about them all in my post.
Holing eth or long and seems like time to add up more smart cash in the wallet and steem will also be a top choice :)
i wanted to invest in such coins which can give back again i got the list thanks bro for sharing
residual income is very must now a days and if one in crypto that is for sure such a thing :)
but after bitconnect thing every fear to invest
bravo! Great read! I like ethlend wtw. Great and useful information.
Thanks and a holder of smartcash myself i really appreciate the passive income potential. I will take a look at all your suggestions.
Proof of Stake (PoS) was first introduced in a paper by Sunny King and Scott Nadal in 2012
Interesting coins but Dont you need 1k ether for Etherium staking?