Here is why I am buying SmartCash and other similar coins that offer residual income:
Cryptocurrency has grown immensely over the past couple of years, and I think that trend will continue on for at least another 4-5 years.
Sometimes it can be very hard for one to hold on to their coin during a bear market. It can be depressing to watch the value of your coin go down and down. That is one reason I have been investing into coins that have some type of residual income, either through staking or built into the smart contract.
I think holding coins that are still growing through staking or profit sharing will be much easier and less stressful. At least you can watch your coin balances rising even if and when the market is tanking.
Here are some coins that offer some type of residual income and how it is implemented into their model:
1. Ethereum- Although you can't currently stake Ether, it will be possible to do so in the coming year or so. This means that simply holding Ethereum will gain you more coin. Proof of Stake was created by Dan Larimer who also helped bring us Steem! The more people are holding long-term or "staking" their coin, the more secure the network is.
2. SmartCash- This coin also has staking that is currently active. Simply holding the coin for over a 30 day period allows you to start earning more SmartCash as your reward for helping securing the system.
3. HeroCoin- This is a gambling token that has profit-sharing built into their smart contracts. This means every time someone else gambles using HeroCoin, I will be profiting as a coin owner!
4. Decentraland(MANA)- Since I purchased VR property in Decentraland, I will be able to lease out my property to someone who wants to open up a digital store, casino, attraction, group, or anything else the mind will be able to imagine!
5. Steem- You can delegate your Steem Power and get paid nearly the same amount you would have made if you upvoted 10 of your posts everyday.
6. NEO- This is another coin that you earn GAS from just by holding the coin!
There many other coins out there that has staking and other ways to earn through holding the coin. I think that this is a great opportunity and many people will be seeking out these coins in the future.
What is your favorite coin that allows you to earn residual income? Tell me in the comments!
To the moon,
