The best way to earn free Tezos crypto.

The best way to earn free Tezos crypto.

Copyright © 2019. Digital Solutions Advisor

Copyright © 2019. Digital Solutions Advisor

Digital Asset News

Digital Asset News

Wouldn't it be nice to earn free crypto while you enjoy life?

Wouldn't it be nice to earn free crypto while you enjoy life?

Let me say up front that betting on cryptos is risky.  Never bet more than you can afford to lose.  With that said, if you own stocks that pay a dividend, you can make money from capital gains if the price of the stock goes up, and you can also get income when the stock pays out a dividend.  A similar concept applies to some cryptocurrencies.  This article is devoted to Tezos, which is a crypto that has the potential for growth, and it pays out rewards, much like how a stock pays out a dividend.

 

Tezos has a self-amending blockchain that formalizes the governance process and enables stakeholders to govern the protocol.  That avoids contentious hard forks and enables the platform to be seamlessly upgraded.  Tezos is well funded with a strong management team.  The symbol for Tezos is XTZ.

 

Like most cryptos, with Tezos you can hold it, send it, or spend it.  What you may not be aware of is that you can also bake it.  Baking Tezos is a bit like mining.  It secures the network, verifies transactions, and distributes rewards.  Unlike mining crypto, baking does not require expensive hardware or a lot of electricity.  All that is required is that you have some Tezos.  

Baking Tezos uses unique consensus mechanism called liquid proof of stake.  It rewards holders of Tezos based on how many tokens they are baking rather than how much mining power they control.  In this way, the people who use the network are the ones who run it and are rewarded by it.

Let me say up front that betting on cryptos is risky.  Never bet more than you can afford to lose.  With that said, if you own stocks that pay a dividend, you can make money from capital gains if the price of the stock goes up, and you can also get income when the stock pays out a dividend.  A similar concept applies to some cryptocurrencies.  This article is devoted to Tezos, which is a crypto that has the potential for growth, and it pays out rewards, much like how a stock pays out a dividend.

 

Tezos has a self-amending blockchain that formalizes the governance process and enables stakeholders to govern the protocol.  That avoids contentious hard forks and enables the platform to be seamlessly upgraded.  Tezos is well funded with a strong management team.  The symbol for Tezos is XTZ.

 

Like most cryptos, with Tezos you can hold it, send it, or spend it.  What you may not be aware of is that you can also bake it.  Baking Tezos is a bit like mining.  It secures the network, verifies transactions, and distributes rewards.  Unlike mining crypto, baking does not require expensive hardware or a lot of electricity.  All that is required is that you have some Tezos.  

Baking Tezos uses unique consensus mechanism called liquid proof of stake.  It rewards holders of Tezos based on how many tokens they are baking rather than how much mining power they control.  In this way, the people who use the network are the ones who run it and are rewarded by it.

Best way to bake Tezos.

Best way to bake Tezos.

You can choose the bake Tezos on your own, which will require a minimum amount of 8000 Tezos.  You can also choose to select a baker to do it for you.  If you have less than 8000 Tezos you can participate by delegating to a baker to earn what’s called staking rewards.

 

If you stake Tezos on your own,  you will have to invest time and effort to do so, as the process can be complicated for the average person.  As your portfolio of coins that pay rewards starts to grow, you will quickly learn that staking on your own can be time consuming and frustrating.  Just keeping up with the wallet updates can be a real pain, not to mention if the baker you selected all of a sudden stops baking.  Support is another issue.  I have had wallets lock up on me and I have lost coins (not Tezos) because the support for that particular coin and wallet was non-existent.

 

There is an easier way in my opinion.

You can choose the bake Tezos on your own, which will require a minimum amount of 8000 Tezos.  You can also choose to select a baker to do it for you.  If you have less than 8000 Tezos you can participate by delegating to a baker to earn what’s called staking rewards.

 

If you stake Tezos on your own,  you will have to invest time and effort to do so, as the process can be complicated for the average person.  As your portfolio of coins that pay rewards starts to grow, you will quickly learn that staking on your own can be time consuming and frustrating.  Just keeping up with the wallet updates can be a real pain, not to mention if the baker you selected all of a sudden stops baking.  Support is another issue.  I have had wallets lock up on me and I have lost coins (not Tezos) because the support for that particular coin and wallet was non-existent.

 

There is an easier way in my opinion.

The best way to stake Tezos - what are staking rewards?

The best way to stake Tezos - what are staking rewards?

Tezos is a cryptocurrency and decentralized computing platform.  Staking Tezos is a way to earn income by actively participating in the validation of transactions on the Tezos network.  Tezos holders who stake their tokens can receive additional Tezos tokens as a reward for verifying blocks of transactions on the Tezos network.

Staking rewards for Tezos, gets you more Tezos.  Pretty simple.  I earn staking rewards in a secure environment with no risk to the underlying asset.  I pay a small fee, but candidly, for me it is well worth it not to have to manage and monitor all the moving parts on my own.

 

It’s super easy to do.  You just add Tezos to your wallet, and click the rewards button and you're done.  It’s that simple.  The provider I use is Coinbase.  They are way ahead of the curve when it comes to user friendly interfaces and reporting.  Now, you will have to provided them with some documentation saying you are who you say you are, but once that’s done, you’re off to the races.

It's important to note, if you already own Tezos, you can still earn rewards by simply sending it over to Coinbase.

Tezos is a cryptocurrency and decentralized computing platform.  Staking Tezos is a way to earn income by actively participating in the validation of transactions on the Tezos network.  Tezos holders who stake their tokens can receive additional Tezos tokens as a reward for verifying blocks of transactions on the Tezos network.

Staking rewards for Tezos, gets you more Tezos.  Pretty simple.  I earn staking rewards in a secure environment with no risk to the underlying asset.  I pay a small fee, but candidly, for me it is well worth it not to have to manage and monitor all the moving parts on my own.

 

It’s super easy to do.  You just add Tezos to your wallet, and click the rewards button and you're done.  It’s that simple.  The provider I use is Coinbase.  They are way ahead of the curve when it comes to user friendly interfaces and reporting.  Now, you will have to provided them with some documentation saying you are who you say you are, but once that’s done, you’re off to the races.

It's important to note, if you already own Tezos, you can still earn rewards by simply sending it over to Coinbase.

Staking rewards using Coinbase.

Staking rewards using Coinbase.

Here are some of the reasons I have chosen Coinbase to stake Tezos rewards:

  • You maintain control - your Tezos always stays in your wallet; you just earn rewards while keeping your crypto safely on Coinbase.  You can opt out at any time you want.
  • You earn rewards - the estimated rewards rate for staking on Coinbase is 5.00%.  This rate will change over time based on the staking rewards distributed by the Tezos network.
  • You see your rewards in real time - Once an initial holding period completes, you’ll receive rewards every 3 days.
  • Asset protection - Coinbase takes careful measures to ensure that all digital currency that Coinbase holds is as safe as possible.  (See our article on Coinbase.)
  • Super easy to use - a click of the mouse starts the staking process to earning free crypto.  Far easier than doing in manually on your own.

Here are some of the reasons I have chosen Coinbase to stake Tezos rewards:

  • You maintain control - your Tezos always stays in your wallet; you just earn rewards while keeping your crypto safely on Coinbase.  You can opt out at any time you want.
  • You earn rewards - the estimated rewards rate for staking on Coinbase is 5.00%.  This rate will change over time based on the staking rewards distributed by the Tezos network.
  • You see your rewards in real time - Once an initial holding period completes, you’ll receive rewards every 3 days.
  • Asset protection - Coinbase takes careful measures to ensure that all digital currency that Coinbase holds is as safe as possible.  (See our article on Coinbase.)
  • Super easy to use - a click of the mouse starts the staking process to earning free crypto.  Far easier than doing in manually on your own.

February 10, 2020 by Lou Zebedeo, 

Investor, Blogger, Dean Witter Broker quondam

February 10, 2020 by Lou Zebedeo, 

Investor, Blogger, Dean Witter Broker quondam

Crypto Info Wire

Crypto Info Wire

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