There’s a myriad of ways to make money with cryptocurrencies. Steemit is an obvioius one. But I’ve also wrote in the past about others like forecasting on Wings and staking with PIVX and CLOAK.
Ark is a decentralized, scalable, and interoperable blockchain that aims to be the platform for consumer adoption. It uses its Smart Bridge technology to connect blockchains and uses Delegated Proof of Stake (DPOS) for fast transaction times. There are 51 Delegates that forge blocks and you can delegate your ARK stake to one of them to earn income. I’ll explain how below.
First, you can’t delegate without some ARK tokens. You can buy on Binance, Bittrex, Cryptopia, Coss and others.
Next, you’ll need the Ark Desktop Client wallet. You can download it from here.
Once you have the wallet downloaded and some ARK in there you’ll want to go to the “Votes” tab. There you can click on “Add Delegate” to add a Delegate.
Some things to keep in mind. It costs 1 ARK to vote for 1 Delegate and 1 ARK to un-vote as well. Each ARK has an equal voting weight of 1.
So who do you pick? You can read about Delegates on the ARK.io Forum.
You can also scroll through the delegate list in the wallet and it will show you each delegate’s approval and productivity percentage.
Your best bet is probably to use this reConNico ARK Profit Calculator.
I chose ‘doom,’ and got my first payout recently. I'd take a picture but the wallet won't let. How's that for safety?
Overall, it’s pretty easy to set up and start delegating ARK.
Anyone else out there delegating on ARK? How’s your experience?