Earn crypto by simply holding
You might have heard that in order to make money in cryptocurrency, you need to know the in’s and outs of this market. You might have thought about making some extra cash by trading cryptocurrency. However, this entire market is highly volatile and timing the exact moment to place the order is not very easy for a beginner. More often than not, you end up losing more of your funds.
For a beginner, the only other way to increase the crypto he has is to hold it. No! By increasing, I don’t mean increase the value, I mean increase the funds in your portfolio.
There are many cryptocurrencies that increase in volume if you just hold them in your wallet. In this article, you will understand how you can earn crypto by essentially just letting it sit in your wallet.
Hold your way to the top:
The actual technology that goes behind cryptocurrencies is extremely complex. Not all of them us the exact same mechanism. The way cryptocurrency transactions are confirmed is by a process technique called proof of work.
In this technique, cryptographic transactions are confirmed by solving complex mathematical problems. However, this is not very efficient, and the solution was to use a technique called proof of stake.
Transactions are verified by users who are holding cryptocurrency investment in their wallet. In return, they are rewarded with a small amount of the same cryptocurrency. Thus, it adds more to your portfolio.
There are many cryptocurrencies that offer this kind of service. Neo in one such cryptocurrency where users are rewarded Neo Gas for holding Neo in their wallets. However, in order to get rewarded, you need to hold the cryptocurrency in the official Neo wallet itself or on a digital currency exchange wallet.
Holding Neo in private wallets such as the Electrum wallet will not do any good for you. This is the same with almost all cryptocurrencies that use the proof of stake model.
CoVEX token:
CoVEX is also offering its users free cryptocurrency for simply holding these tokens in your wallet. By doing this, the value of the CoVEX token is going to be very stable. As you will be holding it on the CoVEX exchange, you will also be able to trade it for other cryptocurrencies such as Bitcoin. Thus, helping you get Bitcoin for free.
From our past, we have already realized the rise in the value of cryptocurrency over time. So by holding your coins in your wallet for a longer time, not only do you get more cryptocurrency but the odds of it increasing in its value is also very high. Thus, adding to the bonus.
To help you further, CoVEX is offering all the early users a 30% bonus if they participated early on during the ICO period. You will also get 20% extra for each person you refer onto the platform. So, for a beginner, this is a gold mine filled with opportunities.
Conclusion:
Being able to earn crypto just be holding it is an amazing opportunity for everyone who has invested in cryptocurrencies. There are already many cryptocurrencies out there that work in this manner. CoVEX has just joined this race and the work that we are doing is aimed to impact the maximum number of traders possible.
