This is the reason why it doesn't matter if you can't trade when you are trying to make money from cryptocurrency. You don't need to study charts or other technical analysis, you just need to do simple research on crypto you want to invest in.
The miracle in cryptocurrency I mentioned earlier is called ProofofStake (PoS). First, I want to talk about the difference between Proof of Stake (POS) and Proof of Work (POW) coins in case you don’t know yet. If POW coins are generated with CPU/GPU power, this is not the case with POS coins. POS coins will be generated simply by hold its coins in your wallet as a kind of interest.
You can generate your passive income with POS system in 2 ways:
1. Solo Staking. You can generate coins by stake your coins in your desktop wallet. You need to keep your wallet open and online 24 hours a day, 7 days a week. The more coins you keep in your desktop wallet, the more and faster you get stake reward. The cons: you need large amount of coins to start with, you need your wallet open all day long that means more cost for electricity, computer or server and you require a technical skill.
2. POS Pool. Joining POS Pool that means you stake together with other peoples. When you stake together, you get a bigger chance to get more stake rewards in shorter time. You don't need those complicated things as in solo staking. Simply, just deposit your coins there and you get stake rewards every single block created.
One of best staking pool out there is StakingLab. Stakinglab was designed to help those who doesn’t know how to manage VPS to host a masternode and those who doesn’t have any technical skill to operate masternode and stake their POS coins.
StakingLab launched in early 2017 and their based in Germany. Started with 3 staff who are experts in the field in the beginning and now already have 20 team members with more than 10.000 active investors out of 20.000 community members.
StakingLab offer the best services to their customers in terms of rewards, special pricing, etc. They promise to give you solid info to help you choose the best masternode and proof of stake coins to invest in.
Stakinglab not only list masternodes and POS coins but also provide personal support based on everyone needs. There are thousands of Instant Nodes, Masternodes and close to a hundred Staking Pools offering various benefits to their members.
As a member from Stakinglab, you can access the following service: Staking Pool, Shared Masternodes, Instant Masternodes, Hosting Nodes, Advertising and Consulting service in crypto and blockchain industry. For more detail, you can visit their website at stakinglab.io.
In this early 2019, Stakinglab come with a really great project. They create their crypto currency which will become a problem solver which blockchain/cryptocurrency industry face currently. Stakinglab’s cryptocurrency (LABX) is the main fuel in its ecosystem. With LABX you can pay all the services provided in Stakinglab’s ecosystem with low transaction fee.
The Stakinglab ecosystem will offer job portals, the blockchain as a service, seamless payment system, and crypto exchange.
• Marketplace for job seekers and talent hunters. Stakinglab will build an easy to use platform for users and stakeholders. Their main purpose is to help connect job seekers and recruiters in crypto currency and blockchain field.
• Blockchain as a service (BAAS). This service will help entrepreneurs to create their own cryptocurrency project but do not have enough development skill. The BAAS will help with a cost-effective manner.
• The homegrown payment system for StakingLab services. The Stakinglab payment system will enable the community to make fast and secure transactions with low fees. You can use Stakinglab’s payment system and LABX coins to make payments for all services offered in their platform.
• Next generation cryptocurrency exchange. This is really a big step in POS pool/masternode service. This will make Stakinglab stand alone from their competitors. You don’t need to transfer your POS/masternode coins from Stakinglab pool into crypto exchange in order to market/sell/exchange them into other crypto currency. That’s why Stakinglab will develop high volume PoS and masternode coins exchange in their platform. Not to mention you can cut all those expenses you needed when transfer your coins to other exchange but also you can maximize your profit.
You can find out more information about Stakinglab Cryptocurrency (LABX) by visiting their site at labcoin.io
If you want to find more information about StakingLab or LabCoin you can visit:
https://twitter.com/Staking_LAB
Conclusion:
- You can get passive income by investing in proof of stake coins and stake it in your wallet.
- You can stake your PoS coins in staking pool with hassle free and no any technical skill needed.
- One of the best staking pool that you can stake your coins is Stakinglab.
- Stakinglab is creating their own cryptocurrency called LABX and it's the main fuel in stakinglab ecosystem.
NB: this is not a financial advice, always do your own research before invest in any cryptocurrency.