Make money with ARK
I'm going to explain here why ARK is such a great investment especially at the current price point. This is not financial advice, just my personal opinion. I'm going to try to keep it clear and simple, the way I wanted it when I first got started but had to learn the hard way. So here goes.
How can you make money with ARK?
- EASY - Stake ARK through a delegate. Put money in your wallet and forget about it.
- HARD - Gamble on the price
I'm not a price analyst and charts with pretty lines and triangles give me a headache. I love crypto and I want to be a smart investor. I follow two rules: I research a project that I like. I don't invest everything at once. When price goes down I invest more. When price is up I hold and wait until I'm good and ready. Well that's just me. (Disclaimer: I have a minor investment in ARK)
The coolest thing about ARK is that it can generate a very nice return (up to about 10% annually) on your "stake" of ARK.
The innovation with ARK is that it has created a way to allow you can stake without even keeping your computer on. You can allow a delegate to mine the ARK for you. This is done through your wallet. You pay a fee to vote for a delegate and that delegate does the mining and then pays out what they promise. Each candidate is different and it might be worth it to look at what they're up to and interact with them. However, if you just want to quick and dirty, how much you'll be paid here's a calculator and here's another calculator.
S what do you have to do?
- Buy ARK on one of the exchanges it is sold on
- Get an ARK wallet
- Set up your wallet with a secret passphrase
- Once you have ARK transfer it to your wallet
- Vote for a delegate
- Wait
What is ARK (for dummies)
If you're not familiar with proof-of-stake, it's basically mining like Bitcoin, but instead of using computer power, those who are staking use their wealth to verify transactions. If they try to pass through false transactions their stake will be lost so the incentive is to only pass what are true transactions. Since there's no processing involved there's no electricity being used so transactions are cheap and secure. Listen to Andreas Antonopolous explain it. So you can keep your computer on and mine the coin and there are several of which the most famous at the moment is NEO. Staking NEO is nice and you get a payout, however, ARK is much more than just staking and earning and that's one of the reasons it'll be successful.
Why ARK is going to succeed
ARK has a great community on which the project depends. The delegates are members of the community and so are those who vote for them. So you become a member of ARK and can influence what happens with it by voting for the delegate that you prefer. You can check out the reddit for yourself.
ARK has great communication which you can see through its website. It's slick and easy to use. On it, you will find the road map with a graphical display of how it's coming along. You will also be able to follow progress by reading it's blog.
ARK is a coin that is decentralized and open source and these are vital features for a community based project.
ARK's unique feature is that it offers Smart Bridging which is essentially allowing other Blockchains (or coins) to communicate with each other. If you, like me, believe that there will be multiple blockchains active in the future you will understand the need for their inter-communicability. So investing in art, is also investing in future tech.
So to keep it short and sweet. Check out ARK and you'll see that it's a brilliant project, if you don't believe me check out Jeremy Epstein give a few words. See what it's about and invest (in whatever your heart chooses) responsibly.