Nano (XRB)
Total
3
Shares

PIVX: The best way to earn a passive income!

Ever wished to make money from cryptocurrencies without necessarily having to speculate in the markets? Well, PIVX could be the coin for you.

What is PIVX?

PIVX is an altcoin that was forked from Dash in 2016. The coin was developed by a community that believes privacy should be the priority for a cryptocurrency, even if it is used as a means of exchange.

What makes PIVX tick?

There are a number of factors that make PIVX one of the coins to watch in 2018 and beyond. Let’s go through them to help you make an informed investment decision.

  1. It combines point-of-sale functionality with its wallet

This is one of the best aspects of PIVX as it makes it a usable coin for day-to-day transactions. That’s because using an ingenious combination, a person can spend PIVX at any store that accepts it, directly from their mobile wallet.

This gives PIVX real-life functionality most cryptocurrencies lack. Even better is the fact this wallet has a 2-step authentication feature, which secures the user’s privacy as they spend their PIVX coins. However, the most exciting aspect of the PIVX wallet is that the developers want to integrate it with an escrow system, allowing it to function as a tool for online payments in a similar way to PayPal and others like it work. This is one of the features that is expected to anchor PIVX’s future growth.

  1. It doesn’t have scalability problems

One challenge that prevents most cryptos from functioning in the same way as traditional currencies such as the dollar is their lack of scalability. Even bitcoin the foremost crypto hasn’t yet found a solution to this problem. PIVX seems to have hacked this in a straightforward and innovative way. It allows for only 2.6 million tokens to be created per year in perpetuity. Ninety percent of these coins go toward staking wallets and the PIVX Masternode. This unlimited yet controlled supply of PIVX allows it to mimic traditional currency. That’s because it eliminates the need to hoard, while at the same time giving investors an opportunity to speculate for profit. Even better is the fact that the network “burns” new coins once supply hits a specified target. This ensures PIVX will never experience hyperinflation that can hurt its usability in buying everyday goods and services.

  1. It has an exemplary staking system

Unlike most coins where the only way to logically earn money is through speculation, PIVX allows people to hold on to coins and receive a dividend. The concept is that the system uses the coins an investor holds to verify new transactions that go through the system. In return, the investor gets to earn a PIVX reward dividend. While the minimum number of coins required to profit from staking is quite high, standing at a minimum of 10,000 coins, it is totally worth it. As more people understand that coin speculation is not a viable option for consistent long-term returns, you can expect coins that allow for staking to increase in value, and PIVX is one of the best.
How to buy PIVX?

If the idea of earning a passive income sounds good to you, then you should consider buying PIVX. You can buy PIVX on any of the exchanges where it is listed, then stake the coins. To set up a Masternnode and earn even higher rewards, purchase a minimum of 10,000 coins. You can then earn money without putting your coins at risk.


Follow us on Instagram | Twitter | Facebook

This information should not be interpreted as an endorsement of cryptocurrencies or a recommendation to invest. Historic performance is no guarantee of future returns. As an investment class, cryptocurrencies are speculative investments and investing in cryptocurrencies involves significant risks – they are highly volatile, vulnerable to hacking and capital loss and sensitive to secondary activity. Before investing you should obtain advice and decide whether the potential return outweighs the risks.
Total
3
Shares
loading...

Subscribe

To Get Updates and Exclusive Report, Enter Your E-mail Below.

5 comments

  1. In PIVX, Staking (No minimum PIV required) currently earns a bit more than Masternoding (requires 10,000 PIV) per year. PIVX was designed with fair staking rewards in mind and should usually earn similar to what Masternode owners earn.

  2. about the supply section, PIVX also burns all transfer fees, so the more PIVX is used the lower inflation will be, and there have been blocks where PIVX was even deflationary.
    this also means thay everyone ‘earns’ for every transfer made, instead of just the miners.

  3. There are quite a few errors in this article, and I would suggest retracting it and rewriting it after doing some more fact checking and research. Get in touch with some folks on the PIVX team if you require clarification on anything.

Comments are closed.