3 Cryptos to Earn While You Sleep

There are many ways to make money in encrypted currency space, including long-term investments, daily deals, arbitrage, and so on. A little-known fact (especially for newcomers) is that some cryptos allow you to earn a passive income. In this post I will emphasize three cryptos that allow you to do just that. As welcome, I would like to quote Warren Buffett - "If you do not find a way to make money while you sleep, you will work until you die."

NEO

I really believe that the future of NEO is very bright, as shown in my 3 coins for a 2018. NEO is developing strong and behaving extremely well during this market instability.

NEO uses a consensus mechanism called Delegated Byzantine Fault Tolerance (dBFT).

Essentially, NEO acts as a share and as you own it you own part of the blockchain. Furthermore, by owning and holding NEO, you get passive GAS - the token used as fuel in the NEO blockchain. For example, GAS is used to deploy intelligent contracts, vote on the web, and so on.

To earn GAS, you just have to keep NEO in your wallet and GAS will accumulate over time. There is very little effort on your part. Your detention in exchange will not be brought to you by GAS, except for Binance and KuCoin. To get an idea of ​​how much GAS you generate based on the number of NEO's you hold, click https://neogas.io/.

You can buy NEO and GAS from Binance, Gate.io, KuCoin and many others.

VeChain Thor (VET)

Although it is still in the works, I can not ignore VeChain Thor (VeChain pilot & rebranding); a project that ultimately makes waves in space. VeChain Thor will move beyond the supply chain and in decentralized application solutions (dApp). I will not discuss how VeChain is currently working but will focus on VeChain Thor.

VeChain Thor will present two new tokens:

<> VeChain Tokens (VET) will act as an intelligent payment currency to allow a fast flow of value within the VeChain Blockchain ecosystem. VET represents the right and the privilege to borrow and use public block-based resources. The more the VET has, the more rights and the higher priority they have (to use the blockade).
<> THOR Power (THOR) will be the fuel in the unit and will be consumed / burned after performing certain operations, such as transferring VET or executing smart contracts.
The BlockChain VeChain will be protected by 4 different types of nodes. There are some minimal requirements to become a knot. Node types are determined by the size of the VET held and the maturity date.
More details: http://bit.ly/2GvTMBA

All VET holders (whether they are nodes) will receive passive THOR by keeping VET in their portfolios. Nodes (which inherently possess more VET), as a reward for network provision, will have a higher THOR rate paid to them.

To see how much THOR you could get passively based on the number of VETs you own, click here.

VeChain (VEN), the predecessor of VET, can be purchased from Binance, Gate.io, COSS and many others.

ARK

ARK uses a consensus mechanism, called Delegated Proof of Stake (DPoS). This mechanism requires coin holders to vote for delegates in charge of validating transactions and maintaining the blockchain. This is quite similar to dBFT with the main difference that in DPoS only one delegate confirms the block, while in dBFT, 2/3 of the accountants need to reach consensus and generate new blocks. You can find more details about DPoS and delegates here: http://bit.ly/2EFRC1K

As with the previous two cryptos, very little effort is needed to pass the ARK passively. The steps are quite simple - create an ARK account and schedule your delegate voice. You will then receive a payout through the delegate as a reward for the vote. A detailed lesson on how to vote for a delegate can be found here: http://bit.ly/2nLdmDL. To get an idea of ​​how much you could achieve passively by voting for delegates, click here: http://bit.ly/2HzKg1K

ARK can be purchased on Binance, Bittrex, COSS and some others.

As you've probably noticed from the title, it's just the first part. There are a few more cryptocurrencies I would like to write about. I will discuss these questions in the upcoming post, which has to land somewhere in the next few weeks. So do not forget if you are interested in learning more.