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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW
Ark Website: http://www.ark.io
ARK coin info: https://cryptocoinsmarket.com/ark/
ARK DPoS and Voting Explained: https://blog.ark.io/dpos-and-ark-voting-explained-68596a171ca1
Directions on How to Vote for ARK delegate: https://blog.ark.io/how-to-vote-or-un-vote-an-ark-delegate-and-how-does-it-all-work-819c5439da68
ARK Delegates and Proposals: https://forum.ark.io/category/5/delegates
SmartCash Website: https://smartcash.cc/
SmartRewards Explained: https://smartcash.cc/what-are-smartrewards/
SmartCash Wallets: https://smartcash.cc/wallets/
How to Purchase: https://smartcash.cc/get-smartcash/
ARK uses Delegated Proof of Stake consensus. This means those who work to secure the network and get rewarded for it need to be voted in. These delegates reward those who vote for them by giving them payouts of the ARK coin. These payout schedules and amounts will vary depending on that delegate’s proposal and how many coins you hold in the address that you’ve voted with. With this one it’s pretty easy, you do need to purchase the ARK coin, you can purchase this one on exchanges like Bittrex, Binance and Cryptopia. You’ll then need to download the desktop client wallet. Once you’ve deposited your ARK into this wallet you are able to place a vote. Keep in mind that each address you have on this desktop wallet is able to vote for one delegate, so if you want to vote for multiple delegates you’ll need to be holding ark in multiple addresses on the wallet.
Now I want to show you an even easier way to earn crypto by just holding the right coins in the right wallet.
First there is SmartCash. They offer what are called SmartRewards. It is very similar to a masternode in that they reward you for longterm storage of their coins, but the set up for this one is incredibly simple. All you need to do is download their wallet, it’s available for Mac, Linnux and Windows.
You can purchase Smartcash on exchanges like: Cryptopia, CoinExchange and HitBTC. In order to receive the SmartRewards you’ll need to store at least 1000 SMART, at this point in time that will cost about $176.
The payouts of the SmartRewards occur once a month. If you wish to receive these rewards you’ll need to get your coins into this wallet before the 25th of the month and hold them there for 30 days. If you transfer your funds after the 25th you’ll have to wait about 60 days to receive the payout. Also if you take any funds out of this wallet, even if the balance is still 1000 coins or more, you’ll be ineligible to receive rewards for that month. If you add funds to the wallet you’ll still receive your rewards, but the new balance won’t affect the amount of rewards you receive until the following month.
You don’t need to have this wallet running to receive your rewards either, once you open the wallet and it syncs to the blockchain you’ll see your payouts show up.
The rewards come from the 15% allocation of the block rewards and are distributed among all addresses that qualify for the rewards and are proportional to how many coins are held in the wallet.
Next up we have NEO. This one is probably the easiest way to accrue crypto. There is no minimum amount required and you’re free to withdraw from this wallet and still receive a payout as long as there is a balance of NEO in the wallet.
You can purchase NEO from Binance, Bitfinex, Bittrex, CoinEgg and a long list of other exchanges. From there you’ll need to download their NEON wallet. Once you transfer your coins, no matter the amount, you’ll begin receiving payouts in the form of their GAS token. These payouts are proportional to the amount of NEO you’re holding in the wallet, and like SmartCash, you don’t need this wallet open and running to receive these payouts.