“If you want to make a killing from cryptocurrencies – read this book as FAST as you bloody can!”
I’d like to rush you a copy of my book, Crypto Revolution, right away.
Inside you will find everything you need to understand this financial revolution…
And take maximum – potentially life-changing – advantage of it.
Including the name of the coin I am calling “The Bitcoin Killer”…
A cryptocurrency that could ultimately climb 20,000% from where it sits today.
That’s the kind of move that turns R2,500 into R500k over the longer term.
You’ll get the name of that crypto… my full case for why it could rise to become the #1 crypto in the world…
And my full analysis on the entire cryptocurrency landscape, all in my book
#1: ‘Dividend’ Paying Cryptos
Just like a share you’d buy on a stock exchange, there are cryptocurrencies that pay ‘dividends’.
For example, KuCoin is a world-class blockchain asset exchange which has its own coin called KuCoin Share.
Just for holding this coin, you will receive a daily ‘dividend’ called KuCoin Bonus. The Bonus you receive is 50% of the trading fees.
Another crypto, BTMX also pays a ‘dividend’ but not in the same way as KuCoin.
Bitmax can be used by traders for payments and settlements within the BitMax ecosystem.
However, in addition to being a secure settlements token, investors holding and locking the token on the exchange, will receive a “data usage award” or a generous dividend that is paid daily.
Did you miss ANOTHER double-digit gain this last month?
Those canny Pickpocket Traders didn’t - this time an 88.25% gain from a USD/ZAR trade.
And this isn’t a one-off lucky strike. Since June,, Trader X and his followers have banked gains of 22.52% from a European media company... 29.41% from Standard Chartered and 31.25% from BMW!
You can find out how to test-drive these trades right here…
#2: Staking Cryptos
Staking cryptocurrencies is the easiest way to make extra passive income through cryptocurrencies that you already hold. But for this, your cryptocurrencies need to follow some form of proof-of-stake consensus mechanism.
In case you’re not familiar, Proof of Stake (POS) is a computer algorithm used by cryptocurrencies to reach an agreement – or rather a decentralised agreement – around adding a particular block onto the blockchain.
In POS, blocks are not mined, they’re rather forged or minted. The participants who have a significant stake in the system get selected randomly for forging and then adding blocks onto the blockchain.
Coin staking gives cryptos holders some decision power on the network. By staking coins, you gain the ability to vote and generate an income – similar to how you would receive interest for holding money in a bank account.
There are number of coins that use POS. To receive income from them, all you need to do is keep these coins in an open-wallet.
For example, a well-known POS coin is NEO also known as the “Chinese Ethereum”. By owning and holding NEO, you passively earn GAS – which is the token used as fuel on the NEO blockchain.
You simply need to hold NEO in your wallet and GAS will accumulate over time.
Another popular crypto that pays income is ARK.
ARK uses a consensus mechanism called Delegated Proof-of-Stake (DPoS). This mechanism requires coin holders to vote for delegates, who are responsible for validating transactions and maintaining the blockchain.
Just like other “income cryptos”, there is very little effort required to passively earn ARK.
All you need to is set up an ARK account and cast your delegate vote. You will then receive a pay-out through the delegate as a reward for voting for them.
To end off, remember, just like not all dividend-paying shares are good investments, the same can be said with “income cryptos”.
NEO definitely has the potential and it’s a crypto we’ve talked about numerously in the South African Investor
. But before you invest in it or any other crypto, make sure you do your research.
See you next week.
Managing Editor, The South African Investor