Proof of Stake (PoS) has made a comeback in the cryptocurrency market and all indications say that it’s here for good. There are economical and technical profits of PoS that provide users with options such as masternodes, staking coins and stackable wallets. It also helps in gaining distributed consensus at low prices and it is also eco-friendly. The PoS small account holder can gain rewards from just being a participant in the network.
Here are 5 PoS tokens that you might want to research for your portfolio
NAVCOIN (NAV)
NAV coin is a privacy based cryptocurrency which is open-source. It provides dual blockchain for private transactions and it is fully functional. It’s based on Bitcoin’s core code and it provides faster transactions (around 30 seconds) for users, at a fraction of Bitcoin’s cost. NAV has an ROI of 2321.89% and ranks 317 on Coinmarketcap based on market capitalization. The token is listed on Binance, Bittrex, Poloniex and Upbit. It is currently trading at $0.102.
Neblio (NEBL)
Neblio is a modern next-gen token based on blockchain tech. It is developing blockchain tech for enterprises and focuses on making it fast, easy and safe. NEBL works on PoS and clients can easily create and run dApps on its network for different purposes. The staking of NEBL is also easy and the rewards are higher if the coins are held in the wallet for a longer period. The token is listed on HitBTC, KuCoin and Binance and is currently trading at $0.53.
Neo (NEO):
NEO previously known as AntShares is popular in the cryptocurrency market. The blockchain of NEO has crypto token named ‘GAS’ and this token is used for transactions and rewards. NEO users get a share of 7 GAS tokens this gets distributed automatically and equally among the users. NEO has an ROI of 5,110.96% and currently ranks 20 in all tokens according to market capitalization. NEO is currently trading at $9.46.
VeChain (VET)
VET is similar to NEO and provides smart transactions for payment processing. VET’s blockchain is focused on the supply chain industry and it has joined forces with Walmart China and Amazon Web Services. VET’s blockchain is similar to PoS, it is PoA, a different model of consensus. VET holders get VTHO for holding VET. VET is currently trading at $0.0043.
PIVX (PIVX)
PIVX, short for Private Instant Verified Transactions, is one of the leading tokens working on the Proof of Stake consensus mechanism. The currency is mainly focused on the security of their users and their privacy during transactions. The block reward among the users differentiates based on who discovered the block. The rewards are received by the users in PIV and z-PIV tokens. PIVX is currently trading at $0.338.
Certainly the list of top Proof of Stake tokens is longer than this, but other tokens do not pay high dividends or share the same lucrative benefits as the ones listed above. Investing in staking tokens is a great way to earn passive income from cryptocurrencies and this yields better returns compared to HODLing in the short term.
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