LY - Platinum Crypto Academy€¦ · CRYPTO investment journal WEEK 11 BITCOIN CASH BCH/USD Bitcoin Cash has been trading close to $227.40 for the past few days. This shows a balance

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WEEKLY CRYPTOCURRENCY MARKET ANALYSIS

TOP 10 COINS

Top 10 Coins by Total Market Capitalisation

Top 10 Coins by Percentage Gain (Past 7 Days)

Top 10 Coins added to Exchanges with the Highest Market Capitalisation (Past 30 Days)

CRYPTO TRADE OPPORTUNITIES

ADVERTISE WITH US

ADVANCEMENTS IN THE CRYPTOCURRENCY WORLD

London Blockchain Conference Pulls Headline After Crypto Community Threatens to Boycott Faketoshi

Dutch Bank ING Affirms Central Bank-Owned Digital Currencies Are Inevitable

Bitcoin Cash Outshines BTC Retail Spending in Australia by a Wide Margin

Telegram hit by SEC emergency action for its $1.7 billion token offering

Australia’s Gold Mint Is Backing a Crypto Token Based on Ethereum

Chinese Banking Giant CCB Expands Blockchain Platform as Volume Breaks $53 Billion

Digital Dilemma: G7 Nations Praise Advantages of Crypto, Warn Stablecoins ‘Pose Risk to Global Financial System’

Visa, EBay, Stripe and Mastercard Abandon Facebook’s Libra Project

FC Bayern Munich Announces Digital Token to Boost Fan Engagement

Dubai, Emirates NBD Sign MoU on Blockchain Trade Finance Solutions

PLATINUM PROJECT INFORMATION

Blockchain Life

TOP 5 WAYS TO EARN PASSIVE INCOME WITH CRYPTOCURRENCY

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CONTENTS

For Latest update

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Featuring in this weeks Edition:

- Bank Of Hodlers

- Blockchain Life

- eBoost

- Monfex

- Markets

- ASTR

Also Get,

- Markets Analysis

- Market News Update

- Read Our Latest Blog:

Top 5 Ways to Earn Passive Income with Cryptocurrency

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Not only do we provide the information necessary to trade

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The U.S. Securities and Exchange Commission (SEC)

rejected the proposal for a Bitcoin ETF filed by Bitwise

Asset Management in conjunction with NYSE Arca.

According to the SEC, it was not convinced that the

design was such that it will “prevent fraudulent and

manipulative acts and practices.” Though this was a

negative development, we liked that the markets did

not react negatively to this news.

The SEC dealt another blow when it secured a restrain-

ing order against the Telegram Group and its subsid-

iary TON, from selling or distributing its Gram tokens,

which was to go live on October 31. Continued scrutiny

and stiff opposition from the regulators around the

world have forced several companies to break ties

with Facebook’s Libra project. Within the past few

days, Pay Pal, Visa, Mastercard, Stripe, eBay, Mercado

Pago and Booking Holdings have left the project.

Among the slew of negative news, the chairman

of the United States Commodity Futures Trading

Commission (CFTC) Heath Tarbert gave the inves-

tors something to cheer about. He said that the CFTC

views Ether as a commodity. He also said that forked

entities – like Bitcoin Cash and Ethereum Classic –

should be treated the same as the original asset. This

move will remove regulatory uncertainty and attract

institutional players who have been sitting on the side-

lines to invest.

Hello crypto traders welcome to this week’s 102nd edition of Cryptonaire Weekly. The overall

cryptocurrency Market Cap stands at $227 Billion. We have seen a $3.5 Billion increase in the

Market Cap since the last week. Bitcoin price currently around $8,362 and ether price is currently

at $187. The current market cap for bitcoin is $150.5 Billion and for altcoins the current market

cap is $76.5 Billion.

Percentage of

Total Market Capitalization (Dominance)

WEEKLY CRYPTOCURRENCYMARKET ANALYSIS

Bitcoin

Ethereum

Bitcoin Cash

Litecoin

XRP

Dash

NEM

Monero

IOTA

NEO

Others

66.30%

8.88%

1.81%

1.59%

5.63%

0.29%

0.16%

0.40%

0.35%

0.24%

14.36%

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TOP 10 COINS

Top 10 Coins by Total Market Capitalisation

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Top 10 Coins by Percentage Gain (Past 7 Days)

Top 10 Coins added to Exchanges with the Highest Market Capitalisation (Past 30 Days)

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BITCOIN - BTC/USD

Though Bitcoin broke above the 20-day EMA on October 11, the bulls could not sustain the higher

levels. This shows that bears are defending overhead resistance levels. However, a small positive

is that Bitcoin has not given up much ground and has been trading just below the 20-day EMA for

the past three days. This indicates that buyers are entering on minor dips and are not waiting for a

deeper fall to initiate long positions.

However, unless the bulls push the price above the 20-day EMA within the next couple of days, a

dip to $7,701 will be on the cards. If the bears sink the price below $7,701-$7,427 support zone, a

drop to the support line of the channel is likely. Such a move will be a huge negative and will rule

out the possibility of a year-end rally.

Conversely, if the bulls propel the price above the 20-day EMA, a move to the resistance line of the

channel is likely. A breakout of the channel will indicate a change in trend. Traders can initiate long

positions as recommended in our previous analysis.

CRYPTO TRADE OPPORTUNITIES

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ETHEREUM - ETH/USD

Ether broke out and closed above the 50-day SMA on October 09, which triggered our buy recom-

mendation given in the previous analysis. However, it could not build on the gains and quickly suc-

cumbed to selling pressure on October 11.

However, the bears could not sink the price much below the moving averages, which shows buying

at lower levels. Currently, the price has again risen above the moving averages but lacks momen-

tum. This indicates that Ether might consolidate in a tight range for the next few days.

If the consolidation ends with a drop below the critical support of $163.57, a retest of September

26 lows of 152.11 will be on the cards. If this level also cracks, the downtrend can extend to $122.

Therefore, traders can protect their long positions with a stop loss of $163.

The advantage will tilt in favour of the bulls if they can propel the price above $197.93. Above this

level, a rally to $224.71 and above it to $239.45 is possible.

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RIPPLE - XRP/USD

XRP broke out of the overhead resistance at $0.28524 on October 14. This triggered our buy recom-

mendation given in the previous analysis. The cryptocurrency can now move up to $0.32732 and

above it to $0.37. The 20-day EMA is sloping up and the RSI has jumped into the positive territory,

which shows that bulls have an advantage in the short-term.

Contrary to our assumption, if the bulls fail to sustain the price above the moving averages, a dip to

$0.2365 is possible. If this level cracks, a retest of $0.21262 is likely. Therefore, traders can keep

the stop loss on the long position at $0.23. If the price moves up to $0.32732, the traders can trail

the stops higher to reduce their risk.

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BITCOIN CASH - BCH/USD

Bitcoin Cash has been trading close to $227.40 for the past few days. This shows a balance

between the bulls and the bears. Both parties are uncertain of the next direction, hence, they are

playing it safe. The bulls are not buying aggressively because the cryptocurrency has broken down

after forming a bearish setup. On the other hand, the bears are not selling aggressively because the

price has not picked up momentum after breaking down of the head and shoulders pattern.

If the bulls can push the price above $242, a rally to the 50-day SMA and above it to the neckline

of the H&S pattern is likely. We anticipate a stiff resistance at this level. If the price turns down from

the neckline, the bears will attempt to resume the down move. However, if the bulls can scale the

price above the neckline, a move to $361.67 is likely.

On the contrary, if the bulls fail to propel the price above the 20-day EMA, the bears will attempt

to sink the price below the immediate support of $201.66. A break below this support can drag the

price to $166.98. We do not find any buy setups at current levels; hence, we remain neutral on it.

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LITECOIN - LTC/USD

Litecoin continues to consolidate between $58.70 and $50.25 for the past few days. This shows a

balance between bulls and bears. If the bulls can push the price above $60.13, a rally to the down-

trend is likely.

A break above the downtrend line and the 50-day SMA will indicate a change in trend. Therefore,

traders can buy on a breakout and close above the 50-day SMA and keep a stop loss of $50. The

first target on the upside is $80.26. If this level is scaled, the rally can extend to $107 in the long-

term.

Conversely, if the consolidation resolves to the downside with a break below $50.25, the downtrend

will resume and the next level to watch will be $40.

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A London blockchain conference has pulled the headline for one of its most controversial talks after

the crypto community rallied in defiance against its speaker – the self-proclaimed creator of bitcoin

Craig Wright, AKA ‘Faketoshi’.

The CC Forum scheduled to take place Oct. 14-16 has a number of high-profile figures attending,

including the infamous anti-crypto advocate Nouriel ‘Dr. Doom’ Roubini.

Wright’s Fireside chat was controversially titled, “What Was Your Purpose as Satoshi Writing the

Whitepaper?” but has since been removed seemingly in response to a boycott from the crypto com-

munity.

Moderators sandwiched the speech among other dubiously named talks like “What is the Perfect

Crypto Wallet?” and “What Does it Take to Be a Billionaire?”

ADVANCEMENTS IN THE CRYPTOCURRENCY WORLDLondon Blockchain Conference Pulls Headline After Crypto Community

Threatens to Boycott Faketoshi

Read more...

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Central Bank Digital Currencies (CBDC) are coming. When will they be here? Very soon, the Dutch

bank ING has recently affirmed.

According to a recent announcement, the bank’s chief economist Mark Cliffe and the lead econo-

mist of digital finances Teunis Brosens affirmed that we may see the next central bank-based digital

currency in around five years. According to Cliffe, CBDCs would enable people to get rid of cash

completely.

One of the reasons why Cliffe expects the new coins to be launched so soon is because in his view

the current financial system is pretty outdated. According to him, it is an expensive system that takes

a lot of time and that could work better.

The blockchain technology could easily be used to create a system that would be faster and cheap-

er. This would be a huge leap forward for the financial world, so there is no reason why central

banks are going to ignore this. Cliffe also believes that this may be interesting for the banks because

it will open up more options for them to support economic activities.

Dutch Bank ING Affirms Central Bank-Owned Digital Currencies Are Inevitable

Read more...

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The BCH-centric web portal Bitcoinbch.com published an in-depth report that shows the aggregate

of cryptocurrency expenditure for Australian retail businesses. According to the 10-page document,

BCH transactions in the country exceed BTC transactions by a wide margin and BCH is the top

digital currency in Australia.

In Australia, Bitcoin Cash Is Soundly #1

This week the website Bitcoinbch.com revealed a report that covers cryptocurrency usage in

Australia in regard to Australian merchants that support digital currencies for products and ser-

vices. The research combs through the two payment processors and point-of-sale systems located

throughout the country. Sources used in the analysis stem from the underwriting firms Travelbybit

(TBB) and Hula (Hockings Underwriting Logistics App).

The multi-coin payment processor TBB started operations in 2017 and has around 195 merchants

to-date. Hula was launched two months ago and the company has roughly 17 retailers utilizing the

underwriting system. “This report captures and analyses the majority of all merchant cryptocurrency

payments in Australia for the month of September 2019 by harvesting data from both the underwrit-

ing systems,” explains the report’s author and Bitcoinbch.com CEO Hayden Otto.

Bitcoin Cash Outshines BTC Retail Spending in Australia by a Wide Margin

Read more...

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The entities behind Telegram and its $1.7 billion ICO were hit by an emergency action and restrain-

ing order by the SEC for failing to register its Gram token as a security.

The U.S. Securities Exchange Commission is alleging that the companies behind Telegram and its

initial coin offering have been conducting an unregistered securities offering. Telegram first began

raising capital in January 2018 to build their own blockchain, the “Telegram Open Network,” also

known as the “TON” blockchain.

To date, Telegram sold 2.9 billion Gram tokens to 171 purchasers worldwide, with more than a third

of those tokens, worth some $590 million, going to 39 U.S. investors, according to the release.

Telegram promised to deliver the Gram tokens on the launch of its blockchain, no later than Oct.

31, 2019. After which Telegram would “sell billions of Grams into U.S. markets.” Reporting from

TechCrunch reaffirmed that Telegram was planning to sell its tokens to retail investors as early as

October.

The complaint made by the SEC alleges that the entities behind Telegram failed to register their

offer and sale of the Gram token, “which are securities, in violation of the registration provisions of

the Securities Act of 1933.”

Telegram hit by SEC emergency action for its $1.7 billion token offering

Read more...

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Australia’s only bullion mint is backing a new digital token aimed to allow investors to trade the pre-

cious metal in real time.

The Perth Mint Gold Token (PMGT) was launched by InfiniGold on Friday, and is backed 1:1 by

GoldPass certificates issued by The Perth Mint. The digital certificates are 100% gold backed and

guaranteed by the Government of Western Australia, which is the sole owner of the 120-year-old

mint.

“PMGT is digitized gold that allows users to conveniently acquire and have entitlement over gov-

ernment guaranteed physical gold stored at The Perth Mint in a trusted and cost-effective way,”

InfiniGold said in an announcement.

The token – designed with the assistance of professional services firm Ernst and Young – is aimed

to offer an alternative to traditional gold investment products such as ETFs, while using blockchain

tech to allow real-time trading and settlement.

Australia’s Gold Mint Is Backing a Crypto Token Based on Ethereum

Read more...

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China Construction Bank, one of the largest Chinese commercial banks, has expanded its trade

finance blockchain platform with new abilities, including cross-chain and inter-bank transactions, as

trading volume surpasses $53 billion.

Speaking in Beijing at the official launch of the upgraded platform BCTrade2.0, CCB vice president

Ji Zhihong said the new platform will leverage blockchain technology to provide better financial

services for Chinese exporters, according to a Chinese media report.

Launched in April 2018, the platform has to-date processed over $53.5 billion transactions between

exporters, banks and non-bank financial institutions, he said.

The platform offers factoring and forfaiting services that enable exporters to get immediate cash by

selling their medium and long-term receivables at a discount price.

The new feature’s cross-chain function will allow the bank’s 54 domestic and international branches

to process transactions with each other, as well as another 40 banking institutions, including both

state-owned and foreign banks, commercial banks and non-bank platforms.

Chinese Banking Giant CCB Expands Blockchain Platform as Volume Breaks

$53 Billion

Read more...

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A group of powerful economic leaders is reportedly concerned that crypto stablecoins like

Facebook’s Libra could threaten the global financial system.

The revelation stems from a draft report written by the G7, which includes some of the world’s major

economies including Canada, France, Germany, Italy, Japan, the United Kingdom and the US.

According to the BBC, the report warns “global stablecoins” must be thoroughly vetted, and “pose

a risk to the global financial system” with their ability to scale rapidly.

Stablecoins like Libra are designed to be pegged to traditional assets such as fiat currency and

bonds, in order to maintain a steady price.

According to the draft report,

“The G7 believe that no stablecoin project should begin operation until the legal, regulatory and

oversight challenges and risks are adequately addressed.”

Digital Dilemma: G7 Nations Praise Advantages of Crypto, Warn Stablecoins

‘Pose Risk to Global Financial System’

Read more...

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Visa, EBay, Stripe and Mastercard have all announced that they are dropping out of Facebook’s

Libra Association and its associated stablecoin project.

Four companies abandon ship

On Oct. 11, Bloomberg reported that Ebay, Stripe and Mastercard had decided to drop out of

Facebook’s Libra cryptocurrency project. Within minutes, Visa said it had also decided not to join

the Libra Association, according to The Block.

The news comes one week after payment processor PayPal announced its withdrawal from the

Libra stablecoin project as regulators continue to scrutinize the project.

The companies have expressed respect for Facebook’s vision and claim to see continued potential

in the project, but chose to redirect their focus for the time being.The UAE has set a goal to make

sure that 50% of government transactions will be blockchain-based by 2021.

Visa, EBay, Stripe and Mastercard Abandon Facebook’s Libra Project

Read more...

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Germany’s FC Bayern Munich has become the latest football club to announce blockchain-based

merchandise for fans. As reported Oct. 11, the club will partner with Stryking Entertainment to pro-

duce digital collectibles of its players.

Play FC Bayern Munich past vs. present

The collectibles will take the form of digital player cards with the likenesses of FC Bayern Munich

players, past and present.

Stryking is also creating a fantasy-league style challenge for the cards, offering a gameplay aspect

to the collectibles. Fans can build virtual squads and play each other with outcomes derived based

on current form and historical data.

More clubs are expected to join Stryking as licensing partners for the system.

FC Bayern Munich Announces Digital Token to Boost Fan Engagement

Read more...

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The Dubai Chamber of Commerce and Industry (DCCI) has signed a memorandum of understanding

(MoU) with Emirates NBD.

Middle Eastern news daily Saudi Gazette reported on Oct. 14 that the DCCI, which acts as an inter-

national business hub in Dubai, has signed an MoU with Dubai government-owned bank, Emirates

NBD.

The bank, which is one of the largest banking groups in the Middle East in terms of assets, will pro-

vide trade finance solutions for the Digital Silk Road, a Dubai 10X initiative, which uses blockchain

technology to digitize trade processes in Dubai.

Dubai 10X is a program wherein various departments of government are tasked with researching

and applying new and disruptive technologies to their administration and operations.

Hamad Buamim, president and CEO of DCCI, reportedly said that the agreement with Emirates NBD

is a major step forward for the initiative, adding:

“Trade finance remains one of the most important tools used today to facilitate international trade

and commerce as it simplifies transactions for importers and exporters.”

Dubai, Emirates NBD Sign MoU on Blockchain Trade Finance Solutions

Read more...

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The president performs at Blockchain Life 2019 in Moscow

October 16-17, Moscow: Liberland’s president Vít Jedlička performs at Blockchain

Life forum for the 3d time

Blockchain Life 2019 welcomes 6000 people from all over the world at the Expocentre in two weeks.

The top management of Huawei, Oracle, Binance, Bitmain, Listing.Help, Kaspersky, BitForex, United

Traders, TRON, IOTA and of other leading industry companies is going to perform at Blockchain

Life 2019.

The full speakers’ list is available at https://blockchain-life.com

The president of the Free Republic of Liberland, Vít Jedlička, attends the forum for the 3d time and

speaks about the existence and functioning of the world’s first decentralized autonomous govern-

ment. Liberland’s official currency is a bitcoin.

This fall Vít Jedlička shares the latest news on his state: its further development, scaling, on

Liberland being an intermediary in the export and import of Russian companies to Europe and other

announcements.

Purchase tickets to the global forum Blockchain Life 2019 before the next price increase

https://blockchain-life.com

PRESS RELEASE

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Hi Platinum Crypto Followers,

Firstly I wanted to spend a moment thanking all the subscribers and follwers for all the positive mes-

sages we received about the my previous article ‘INVESTING IN BITCOIN – THE PROS AND THE

CONS’ I really hope this helped all the newcomers to the industry as well as the more seasoned

hodlers.

Secondly well the markets have certainly seen some action this week with the early parts of the

week showin major bullish momentum. Most of the major cap coins have seen some quality gains

and the overall market cap has risen from the low 200B mark to $220+ Billion. Market sentiment is

still on the caucious side but lets see how the remainder of the week unfolds.

TOP 5 WAYS TO EARN PASSIVE

INCOME WITH CRYPTOCURRENCY

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POPULARITY OF CRYPTOCURRENCIES

The popularity of cryptocurrencies in the different sectors of the economy has grown massively. Its

growth comes despite the doubt revolving around its adoption. As part of the ways to use crypto-

currencies that are making it popular, is its ability to create an income. Yes, you heard right. While

you can settle bills using cryptocurrencies, you also have the choice of making a passive income.

Earning a passive income with cryptocurrency is not just for people with knowledge on how it works

or for people who own digital cash. Below, we will identify how to make money with digital currency

as well as identify the best digital currencies for passive income.

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HOW CAN YOU MAKE MONEY WITH CRYPTOCURRENCIES?

You will be glad to know that you can make money with cryptocurrencies online, even with no expe-

rience. If you are interested in knowing how to make money with cryptocurrency, well here is your

chance. We will highlight the different ways you can earn money via this channel.

Buy and hold

When listening to investment advice on making money via cryptocurrency, buying, and holding is

the most common method you will hear. You will buy currency then wait until it increases its value

before selling it. You will then cash out when the prices are higher than your buying price. This pro-

cess is similar to that of investing in stocks/shares.

Buy and hold for dividends

The above method will make you money by selling your crypto at a higher price than your buying

price. However, buying and holding for dividends will pay you by for holding them. In this case, you

do not own the cryptocurrency. Instead, your role is to keep it in circulation. Some coins that you

can consider under this method include but are not limited to NEO and KuCoin.

Mining

Mining cryptocurrency is an excellent way of earning passive income with cryptocurrency. You will

need to invest in the necessary equipment, set it up, and allow it to operate. This method works by

having your computer solve complex mathematical concerns, and after solving the problem, you are

rewarded with digital currency.

Staking cryptocurrencies

This method is a combination of holding and selling and holding and selling for dividends. This

advantage is dependent on the currency you buy. For coins such as neblio, you can buy it and hold

it to sell when the time is right while at the same time receiving dividends from holding it. You will

be killing two birds with one stone.

Day trading

Day trading is a more advanced method, and it may not be everyone’s cup of tea. It refers to identi-

fying patterns in financial trading charts daily. Making money through this method is possible only if

you are keen on following the market trends. You can buy and sell cryptocurrency by the hour. For

example, you can buy bitcoin, litecoin, or any other cryptocurrency and sell an hour later when the

prices increase. However, this can only happen if you are precise, knowledgeable, and fast. You will

be able track trading volume and gather sufficient data to make the right decisions.

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WHAT ARE PASSIVE WAYS OF EARNING CRYPTO?

As indicated, there are different ways of making money with cryptocurrencies and, more specifically,

earning a passive income.

Staking cryptocurrencies

Staking coins is another simple way of earning passive income with cryptocurrency. For it to work,

you will need to follow a proof of stake consensus mechanism. Also, put your coins in an open wallet

over a period of time that will eventually generate new similar coins.

For example, you can consider Neblio, proof of stake cryptocurrency. By holding, let us say 20 of

these coins, you can total the number to 23. The additional coins act as staking rewards, thus the

source of income.

Holding Dividend-paying exchange coins

Dividends from a financial perspective do not require you to sell any product. With cryptocurrencies,

all you have to do is identify the digital currencies that pay dividends regularly. Rather than sell, you

can hold cryptocurrencies and receive dividends that will add value to what you are holding. This

mode of passive income from cryptocurrency requires research on which coins are worth the buying

and holding in terms of earning interest. Some key players in the market include BTMX, KuCoin, as

well as TenX.

Run a Masternode

Masternodes on Proof of Work or Proof of Stake cryptocurrencies add to ways of making money

from crypto by holding them. Masternode refers to a cryptocurrency full node or a computer wal-

let that plays the role of keeping the full copy of the blockchain in real time. In addition, running a

masternode will help to perform specific tasks, which will earn you rewards.

The mentioned tasks may include partaking in instant transactions, increasing the privacy of the

transactions, or getting involved in governing and voting. However, every currency comes with a

limit on the minimum coin holdings to run a masternode. For example, you will need 1000 DASH

units to run a masternode. Also, there will be a variance in the hardware required to run the differ-

ent nodes.

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Excessive volatility/ market fluctuations

Just as with stock trading, investing in Bitcoin is volatile with the addition that even financial advisors

cannot predict the trend. Keep in mind that digital currency is not precisely affected by economic

factors such as politics or alteration of a country’s currency. The price of Bitcoin fluctuates making

it a risk even for people who have traded in such markets before.

High chance of loss

Many are cautious about Bitcoin because the risk of loss is very high. This loss is due to a security

barrier that arises from technical malfunctions such as glitches or fiduciary fraud. Also, many govern-

ments are terming the trade of virtual currency “money laundering scheme.” With Bitcoin’s limited

scaling, the system limits the speed as well as the number of transactions to process. This concern

is the reason banking institutions think that Bitcoin transactions and other cryptocurrencies cannot

replace fast credit card transactions.

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HOW CRYPTO DIVIDENDS ARE THE FUTURE OF PASSIVE INCOME

The crypto world is embracing the different modes of making an income via digital currency.

However, looking at where the community is leaning towards, it is safe to say that crypto dividends

may be the future of a passive income with cryptocurrency.

Earning interest/dividends on a regular is an excellent way of generating an income. With a major-

ity buying cryptocurrency and retaining them in the long-term, thus, reducing trading fees, earning

through dividends is a better alternative. Keeping in mind that cryptocurrency comes with a volatile

trait on its prices; dividends will give an income source as you await a significant price increase.

WHAT ARE THE FIVE BEST CRYPTOCURRENCIES FOR PASSIVE INCOME?

As the popularity of crypto increases, many are embracing the technology behind it, blockchain.

Others are also seeking alternative ways to make some extra income through cryptocurrency. It is

not just about randomly picking a digital currency. You should lean towards a reliable and popular

asset.

Some of the best cryptocurrency earners for a passive income currently include NEO, Vechain,

Waves, Dash, and DCR.

NEO is unique due to its indivisibility, whereby you cannot subdivide

one coin. It also has a “fuel” model used in the form of GAS tokens. NEO

holders receive 7 GAS automatically every time the next block is found.

WAVES is using a leased Proof of Stake algorithm allowing investors to

rent their balance for full nodes. By renting WAVES, the contractors will

be able to pay a percentage as a reward to the owner. You can also

participate in the mining process, but you must own a minimum of 1000

WAVES.

VeChain provides two types of coins, namely VET and THOR. VET token

holders will receive THOR tokens from staking. There is no minimum of

staking, making it affordable for right about any investor to join in.

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DASH does not use the Proof of Stake algorithm, but it employs a

masternode system. With DASH, token owners can receive dividends.

To receive these dividends, you must own a masternode with 1000

DASH coins in your wallet. Annual earning interest is estimated between

7.5 and 8.4%.

Decred (DCR) allows users to receive passive income with cryptocurrency

by purchasing “tickets.” These tickets allow investors to vote on significant

issues on the Decred network. Also, by holding a given number of coins in

their wallets, the users will receive a 30% block mining reward.

If you’ve booked your session above, we look forward to speaking to you soon!

Hopefully, you have enjoyed today’s article. Thanks for reading!

Have a fantastic day!

Live from the Platinum Crypto Trading Floor.

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