There are numerous ways to earn money in the cryptocurrency space, including, long-term investments, day-trading, arbitrage etc. Also, certain cryptocurrencies allow you to earn a passive income; merely money that you earn without doing much to earn it. This is the part 2 of our expose on “CRYPTOCURRENCIES TO EARN YOU MONEY WHILE YOU SLEEP” Read part 1 post HERE.
In this post I will highlight a popular crypto asset called NEO.
NEO has been going from strength to strength and has been holding exceptionally well during this market turmoil. NEO uses a consensus mechanism called Delegated Byzantine Fault Tolerance (dBFT).
… It is a consensus mechanism that enables large-scale participation in consensus through proxy voting. The holder of the NEO token can, by voting, pick the bookkeeper it supports. The selected groups of bookkeepers through the BFT algorithm, reaches a consensus and generate new blocks. In dBFT, 2/3 of all bookkeepers will agree on what goes in each block.
In essence, NEO acts like a share and by owning it, you own a part of the blockchain. Additionally, by owning and holding NEO, you passively earn GAS; the token used as fuel on the NEO blockchain. For example, GAS is used to deploy smart contracts, vote on the network, etc.
In order to earn GAS, you simply need to hold NEO in your wallet and GAS will accumulate over time. There is very little effort involved on your part. Holding it in exchanges will not yield you GAS, with the exception of Binance and KuCoin.
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- KUCOIN Exchange: Get infinite quantity of diverse airdrops and dividends daily from exchange profits based on your Kucoin shares(kcs) holding just register: https://www.kucoin.com/#/?r=E5JEip
- GATE Exchange: Earn passive income on selected crypto assets and get 10% off discount on all your trading fees for 12 months! Sign up using my referral code, Click: https://gate.io/signup/1126596
You can purchase NEO and GAS on Binance, Gate.io, KuCoin and many others.
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