Hodling through a Crypto Bear Market and Coping with Short Term Losses

It’s been a rough ride for crypto investors over the past couple months.

We’ve faced a crypto bear market where over half the market’s value vanished, leaving most investors holding the bag and coping with short term losses.

Nearly three months ago, on January 7th, 2018, the cryptocurrency markets set an impressive all-time-high in Total Market Capitalization of $834 Billion USD. To put into perspective how impressive this is, the Total Market Cap was just $102 Billion USD as recently as September 15th, 2017 during a big sell-off.

This means a well-diversified investor in the crypto space could have made 800% gains in a matter of only 4 months. 

Total Crypto Market Cap

This sell-off and short-term low last September was caused by bearish media reports of China banning cryptocurrency exchanges as well as Jamie Dimon’s infamous “Bitcoin is a Fraud” comment.

bitcoin is a fraud

The Current State of the Crypto Markets

Just as quickly as we saw the upwards price movements in Q3 2017, we have seen severe downward price movements in Q1 2018.

At the time of writing this, the Total Market Capitalization is just $340 Billion USD, nearly 60% less than the all-time-high of $834 Billion set in January. Investors have seen the same coins that pumped to the sky just months prior being slashed by over 50% in a matter of days.

Two particular events causing massive sell-offs: 

(1) The first expiration of CBOE Bitcoin Futures contracts on January 17th

(2) China completely banning and blocking external cryptocurrency websites.

Currently, the market no longer reacts to expirations of Bitcoin Futures contracts from CBOE or CME, likely due to the fact that they are settled in USD and NOT in Bitcoin.

We can only hope that the market will do the same eventually for any negative news out of China. There have been countless occasions where China banned cryptocurrencies in one way or another.

Coping with Short Term Losses in the Bear Market

Whatever the reasons for the sell-offs and price crashes, these are hard times for crypto investors.

It is a good time to take a step back and learn from any mistakes that were made; such as FOMO buying when prices are high, investing in scam coins, and not taking profits.

 

Understanding What Happened and Why

Last year’s growth came from a mix of old players increasing stakes, bullish developments and advancements in blockchain technology, ICO mania, and last (but not least) stupid money rushing in and looking to get rich quick.

To some extent, the valuation achieved by the cryptocurrency markets was driven by long-term levers such as the technological advancements and increased investment from long-term players. However, much of what we saw was driven by short-term thinking and FOMO.

It’s important to understand that these short term trends will come and go. They have no bearing on the long-term trajectory and potential for cryptocurrencies.

The ICO mania has calmed down, the FOMO buyers have all panic sold, and they will return later this year; along with even more newbies, as the adoption rate continues to increase.

Focus on Fundamentals and use more Tools

As a crypto investor, it’s important to understand that everything we put into this market is 100% speculation.

There are no established or reliable valuation methodologies for crypto. Keeping this in mind, Focus on the fundamentals and use as much information as you can (see this post for crypto valuation metrics) and use all the tools at your disposal before making investment decisions.

There are also a number of projects that aim to help crypto investors leverage more advanced tools such as Signals which will provide users with access to data science and algorithmic trading.

CoinFi is another project which plans to be the “Bloomberg of cryptocurrency” and bring advanced market intelligence tools to the market.

Develop a Long-Term Mindset and HODL your Crypto 

At the very least, learning to HOLD during bear markets will save you from serious losses from  emotion-driven selling.

It takes strong hands and thick skin to HODL through these crypto bear markets, but this is the price you pay for the opportunity to experience the enormous gains we saw last year and in prior years as well.

Investors should be fully prepared to experience these losses and practice restraint in going “all-in” so they are able to buy when prices are low; dollar cost averaging down on positions.

It’s also important to truly believe in the future for blockchain technology, If you’re a true believer and you have the vision for the future, the current downturn doesn’t mean much.

Over the past couple years, every crypto bear market has been followed by a more intense bull market.

Keep those hands strong and Hold On for Dear Life.

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Available in prints, mugs, accessories, apparel, and more!

 HODLCRYPTO IN BEAR MARKETS

Hold On for Dear Life to your Cryptocurrency

The HODL Phenomenon

The concept behind holding on for dear life, or “hodling” is nothing new to the world of invsting, nor is it only applicable to cryptocurrency investing.
You should manage your crypto portfolio as you would any other investment portfolio. The fundamental idea behind hodling is to let the winning trades run because doing so is both the easiest and most certain way to make large returns over time.

At first glance people often assume that hodl is just a typo of ‘hold’. This is partially correct.

The term “hodl” originated during the 2013 December where a Bitcoin investor vented his frustration with a post titled “I AM Hodling”. Here, he explained that only good traders know when to sell Bitcoin and identify bear markets. He also admitted that “Hodling” was a typo.

Hodling has moved on to become a strategy for investing in cryptocurrencies and an abbreviation for “hold on for dear life”. But should you always hold on for dear life or hodl each cryptocurrency?

FUD in the Crypto World

The crypto world moves very fast. So much so, we sometimes refer to “crypto time” as a different scale of time, similar to “dog years” in which there are so many new projects popping up almost daily, price pumps and crashes, and of course media stories promoting FUD (fear, uncertainty, doubt) causing novice investors to panic or at best feel uneasy.

While there is little we can do individually about any of this, having an understanding of these factors and their regularity can pay off for the newbies. They will keep calm and HODL.

Be like Chad HODL, not the Virgin Panic Seller

Prices should continue to be wildly volatile, governments should continue to threaten to ban crypto and then rescind these threats, and new projects certainly will continue to emerge claiming they will dethrone major cryptocurrencies and blockchain projects with their superior technology.
If you truly understand this, you will be able to see through the FUD and be more like the Chad HODL.

Not all coins are worthy of Hodling

Most cryptocurrencies are currently in a price-discovery mode. As the crypto markets are so young and rapidly changing, it’s very difficult to apply standard valuation methods as with equity investments to determine the fair price and whether a coin is overvalued or undervalued.

Instead of having things like price-to-earnings (PE) ratios and discounting cash flows (DCF) as methods to value equities, cryptos are often valued by factors such as:

  • Market Capitalization
  • Max & Total Circulating supply of tokens
  • Use cases and potential for adoption
  • Github repositories and activity
  • Number of transactions
  • Transaction fees & Mining profitability
  • Performance of the blockchain
  • Social media interest (Telegram, Reddit, Twitter, etc.)
  • Google search trends

Whether you’re a hodler or a swing trader it pays to learn about some of these valuation metrics for crypto, as coins that rank well comparatively on these metrics tend to outperform and outlive coins that don’t.

Always remember to think Long-Term & Hold On for Dear Life.

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hold on for dear life crypto currency

Ethereum Classic Callisto (CLO) Airdrop/Fork Expected March 2-5 (2018)

The Callisto Airdrop is expected to occur for Ethereum Classic (ETC) holders between March 2nd and 5th, 2018. People holding ETC during a snapshot taken at block 5,500,000 will receive free CLO tokens at a 1:1 proportion to their ETC holdings.

Airdrops and Forks are one the best aspects of hodling. Free money.

Free Money

How to Claim your Callisto (CLO) Tokens

Hold Ethereum Classic (ETC) in a wallet where you control your private keys such as MyEtherWallet or Metamask prior to the snapshot being taken during block 5,500,000. Once you have received the tokens after the snapshot is taken, check your CLO token balance and you should have received the airdrop.

Is it an Airdrop or a Fork?

On one hand its a fork in most ways, as parities are as of now connected with addresses, so there is nothing to “drop.”

On the other hand, each source aside the GitHub is depicting the minute when CLO tokens are available as an “airdrop.”

Either way, the outcome is the same: 1 free CLO for every ETC.

What is Callisto About Anyways?

Callisto is a blockchain technology that runs on the Ethereum Classic protocol. It introduces a cold staking protocol which rewards token holders for being participants.

Cold staking gives CLO token holders incentives for holding for a specific period of time, allowing them to earn interests without validating transactions as transactions will be achieved by the Proof-of-Work algorithm.

ETH CLASSIC ART

Callisto’s Goal

“The main goal of callisto is to research and develop a reference implementation of self-sustaining, self-governed, self-funded blockchain ecosystem and development environment,” explains the CLO white paper.

Callisto aims to establish a secure and contribution-friendly environment for further protocol development and improvements. It will rely on a built-in system of smart-contracts to achieve this goal.

It will be possible for Callisto smart contracts to be used on Ethereum classic blockchains and also ETC smart contracts run on Callisto blockchain effectively.

Callisto’s development team is also looking to settle a couple of issues identified with contract hacking.

Callisto’s Effect on ETC Price

Ethereum Classic’s price has surged from the $30 range to a high of over $40 in anticipation for the Callisto fork before a minor price correction.

ETC USD 2018
ETC / USD 2018 to date

I am anticipating an upwards price movement as we get closer to the fork, as many traders will move into positions to exploit the airdrop and receive free CLO tokens.

Ethereum Classic, is a remarkably stable cryptocurrency judging by its price trend compared to many other coins in the market. I wouldn’t expect any extreme volatility for the fork but traders should keep in mind that ETC price is likely to drop after the fork as profits would be taken by traders exploiting the airdrop almost immediately.

Whatever your trading plan is, it’s important to trade with funds you can afford to lose. Always Do Your Own Research. Here is the Callisto Whitepaper.

Hold on for dear life.

What’s going on with CRYPTERIUM and why is it below ICO price?

The Crypterium ICO ran through the months of November & December 2017, where tokens were sold to investors for a fixed price of 0.0001 BTC per CRPT with early bird bonuses.

Crypterium’s price action from ICO to Now

Today the price for CRPT is sitting at 0.0000663, a solid 33% decrease in the BTC price of Crypterium since the ICO. In this case, all early investors could have purchased their tokens cheaper today than they did back in November or December and done other things with their BTC in the meantime. So what gives?

Cypterium began trading around Jan 23 on etherdelta at 0.0002 BTC, double the ICO price. Traders began to take their profits then and ever since, the price has been steadily decreasing to the point where we are today, down 33%

Why are investors dumping their CRPT tokens on small exchanges and not waiting on the project to deliver?

After scouring the networks for some clues, I came up empty. There’s no material reason for any FUD surrounding Crypterium or any reason to sell other than impatience. As opposed to the traditional IPO investing world where investors expect 90 or 180 day lock periods on their investments for the opportunity to get in at bottom prices, there is a different mentality in general for your run-of-the-mill ICO investor. They are looking for big pops when coins hit exchanges and massive gains measured in multiples (e.g. 10-20X) within days or weeks. Many investors hardly do the diligence on projects, buy the hype, and pop in the telegram group with “When Lambo” memes periodically.

When Lambo

Why Crypterium is still a Long-Term strategic hold

Crypterium’s main goal is to develop their own cryptopayment infrastructure — a cryptobank with all of the traditional banking system features improved with blockchain technology. In this infrastructure you will be able to pay, borrow and transfer money (fiat and crypto), accept payments and many more.

Experts speculate that in the near future at least 10% of global GDP will transfer to cryptocurrency. To us this means the cryptocurrency market, according to experts I don’t care to site (DYOR), still has massive growth potential. We’re talking about growth to the tune of 15-20X when this happens.

Global GDP

The Cryptobanking sector, which has yet to have brought anything to the market, stands to grow at an even faster rate, as it stands essentially “untapped”. Cryptobanking offers many advantages over the legacy banking systems we have today and have no geographic limits.

Crypterium’s Ecosystem: both Payments and Outlets

Unlike some other projects such as TenX, Monaco, and others who focus only on payment services, Crypterium has 2 ecosystems: one for payment services and the other for their own payment outlets.

Crypterium’s ecosystem’s exclusive feature is that it allows unique payment schemes: crypto-crypto (when the outlet is willing to accept cryptocurrency) and fiat-crypto (when the customer pays in fiat money and the outlet receives cryptocurrency).

How does Crypterium work?

Image result for crypterium

Crypterium plans to take advantage of the pre-existing 42 million contactless payment terminals already existing in the world. They will use these to enable you to spend your crypto with your smartphone. This will allow retailers to receive fiat currency despite the user paying with crypto. Other benefits include instant transactions and cheaper commission rate than any bank currently offers.

Crypterium mobile banking
Crypterium mobile banking

Advantages of a blockchain based bank

  • Worldwide solution with no artificial country boundaries.
  • Faster and cheaper with transaction fees as low as 0.5%.
  • Cheaper and easier for making international transfers and payments.
  • Unrestricted transfer amounts.
  • Fast withdrawal and transfer of funds.
  • A decentralized network backed by smart contracts to verify all transactions.
  • Lower currency conversion rates.

Ending Note

There’s no doubt that if cryptocurrency goes mainstream, then cryptobanks will play a big role. The platform offers lower transaction fees than fiat options and makes exchanging crypto for payments much simpler. We’re in it for the long-haul on Crypterium. It should be a hell of a ride.

Hold on for dear life

ICON (ICX): a blockchain network aiming to unite communities

ICON, a blockchain technology company from South Korea, is creating a decentralized network of blockchain communities that can freely transact with each other.

The ICON Blockchain

ICON is basically a giant network of networks that plans to connect them all instantly using a shared central ledger and the ICX token. Anyone can set up a “Community” or DAPP (Decentralized Application) on the ICON Network and freely interact with the other Communities and DAPPs.

icon token

ICON is focused on real world applications, something many other digital currencies (a.k.a. shitcoins) lacks.Image result for shitcoinIf a health insurance company submits a payment to a hospital on the ICON Network, the transaction would be overseen by the ICON Blockchain and paid in $ICX.

Alternatively, it could be automatically paid in some other currency using ICON’s decentralized exchange (“DEX”) to switch one currency for another on the fly.

 

ICON already has strategic partnerships with banks, hospitals, insurance companies, and universities in place to take these theoretical capabilities into the real world, giving the project an apparent leg up on most of its competitors.

icon-coin

ICON’s Global Outlook

No institution wants to compromise their autonomy for any of the advantages ICON provides, so ICON is built to ensure they don’t have to. Every Community and DAPP on ICON is independently managed, and free to choose their own currency, consensus algorithm, and other regulations.

A Bitcoin Community on the ICON network can still use Bitcoin within their Community but then switch to $ICX for transactions with other Communities on the network.

The freedom to define separate regulations for Communities also allows ICON to target the global market and be adapted to comply with regulations in different countries. Communities on ICON will follow their local regulations, with ICON simply acting as an inter-Community transaction facilitator.

The Numbers

The max supply of ICX tokens is 400,230,000. Half of those coins were sold in the ICO and the rest were distributed as follows:

  • 16 percent held in Reserve
  • 10 percent held by the ICON team, early contributors, and advisors
  • 10 percent held by strategic partners and community groups
  • 14 percent held by the ICON Foundation, the parent company of the project.

 

ICON (ICX)
4.00 USD (-4.67%)
0.00046593 BTC

RANK

21

MARKET CAP

$1.53 B USD

VOLUME (24H)

$41.26 M USD

 

There is no mining with ICX, but the available supply may be increased in the future as a result of annual C-Rep meetings. Community Representatives from the various Communities on the ICON Network may authorize up to a 20% increase in the ICX supply per year, although they are under no obligation to do so.

 

ICON’s Other Advantages

ICON wallets have access to a Decentralized Exchange (DEX) that facilitates currency transfers and exchanges without relying on public exchanges such as Coinbase or Bittrex. Most major cryptocurrencies are already available.

icon crypto

The ICON blockchain uses a Loop Fault Tolerance (LFT) consensus algorithm. This is an enhanced version of the Byzantine Fault Tolerance (BFT) algorithm that enables faster transactions while eliminating forks in the blockchain. It allows nodes to form groups to determine how many votes each participant receives.

Growth Potential

The ICX token has great potential if it becomes the standard unit of exchange for even one major industry. For example, if Korean hospitals adopt it to manage transactions with insurance providers, those transactions alone would account for billions of dollars in annual transactions.

 

ICON’s developers are highly focused on the token’s practical use. The project is also led by an impressive team of advisors, including Don Tapscott (author Blockchain Revolution) and Jason Best (Forbes top 10 most influential, 2017).

ICON still has a long way yet to go, but it has legs to change the current business paradigm, one industry at a time.

The first Litecoin hard fork “Litecoin Cash” (LCC) – Is it worth FOMOing over?

Litecoin Cash: What is it?Image result for litecoin cash fork

An unofficial hard fork of Litecoin, which is basically a clone cryptocurrency which forks off the Litecoin blockchain.

Why “unofficial”? Well.. because Litecoin’s founder, Charlie Lee says so:

charlieleelitecoincash.PNG

A new cryptocurrency named “Litecoin Cash” (LCC) will fork from the Litecoin blockchain at block 1371111
https://live.blockcypher.com/ltc/

Everyone holding Litecoin will get 10 Litecoin Cash (LCC) for every Litecoin they own.
The Max Supply for Litecoin Cash will be 840 Million compared to Litecoin’s 84 Million, which is why the claim ratio is 10:1
Although Litecoin is mined with Scrpt, Litecoin Cash witll use the SHA256 hashing algorithm.
This is being promoted by Litecoin Cash as a way to extend the life of older Bitcoin mining hardware which is no longer powerful enough to mine Bitcoin.
Since the difficulty of Litecoin Cash will be much lower, it will put less effective SHA256 mining hardware to better use.

Compared to Litecoin, Litcoin Cash also features superior mining difficulty adjustment using the DarkGravity algorithm which is also used by Dash.
This should be considered a “Friendly Fork” because the network will use a new address prefix, unlike Bitcoin Cash did with Bitcoin, which caused much confusion.

How do you get it?
The block of the fork, 1371111, is expected occur sometime between February 18th and 19th so you must be holding Litecoin when this block is confirmed.

Firstly, before getting deeper into how to get the fork, here are some IMPORTANT DISCAIMERS to keep your Litecoin safe.
1) Wait for the fork before doing anything
2) Move your Litecoin to a new address after the fork
3) Use the private key for your old Litecoin address to claim your Litecoin Cash

How to get Litecoin Cash:
1) Download a wallet for your device directly from the official Litecoin Cash website: https://litecoinca.sh/
2) Import your Litecoin private key
3) Claim your Litecoin Cash

Is it legit or a scam?
Although they promote safety measures in order to claim it such as moving your Litecoin before pasting old private keys on the internet, it seems a bit on the scammy side. Charlie Lee’s tweet does explicitly state that anything claiming to be a Litecoin hard fork is a scam.

However, whether Litecoin Cash proves to be a scam or worthless for that matter, if you follow the “Safety Rules” as you claim the fork, there is no risk of losing your coins or being scammed as long as you make sure to never again use the Litecoin address you input to claim the Litecoin Cash fork.

What does it mean for the future of Litecoin?

Image result for litecoin future

This Litecoin Cash hard fork and any other similar hard forks which are developed by members outside of the Litecoin core developer group will have a very minimal impact on the future outlook of Litecoin, if at all.
The most likely outcome for this fork should be very similar to Bitcoing Gold, otherwise known as Bgold.

Image result for bitcoin gold make bitcoin
There are a couple reasons why Bitcoin Gold is our best proxy to benchmark our expectations for Bitcoin Cash.
1) Bitcoin Gold’s main points of differentiation vs. Bitcoin are also the mining algorithm and faster difficulty adjustments
2) Bitcoin Gold’s development team is also a small group in China presenting a friendly fork in order to make better use of certain mining equipment
3) They both have bad English, bad Marketing, and made forking announcements on short timelines to push hype and a sense of urgency to receive the fork.

Currently, Bitcoin Gold is trading around 1.5% the price of Bitcoin. I would expect a similar outcome for Litecoin Cash, although in Litecoin Cash’s case, it may be more like 0.15%, due to the 10-1 claim ratio of the fork and higher Max Supply

With all this said.. let’s get back to the point. Is Litecoin Cash worth FOMOing over?
The answer to that question depends how much skin you have in the game, whether this is something to FOMO over, or even to bother with claiming.
For example, If you are the owner of 100 LTC, currently valued around $15K USD, the Litecoin Cash fork could possibly reward you with a couple hundred dollars worth of coin. You could hold them and see what happens, or even sell them and use them to increase your Litecoin holdings.

However, if you’re only holding a small number of LTC, for example 5, this fork may very well not produce enough value to cash out for a happy meal.

So will you FOMO or not? The coice is up to you…

Kucoin: The People’s Exchange

The cryptocurrency world is moving so fast, it can be challenging to keep up with.

One of the latest trends to keep on your radar is the rise of decentralized cryptocurrency exchanges. Binance is the first example, which plans to go fully decentralized in their road maps, recently became the largest cryptocurrency exchange in the world by volume. Kucoin has quickly risen to be the first major competitive threat to Binance, with more competitive incentives to promote user adoption. These decentralized exchanges are changing the landscape of what cryptocurrency is, and what it means for the future of global finance.

The cryptocurrency explosion has opened new markets and new business opportunities which have created an arms race of epic proportions. Cryptocurrency exchange platforms are in all out war to become the top exchange in the wild west.

Cryptocurrency trading platforms like Coinbase and Bittrex are in deep trouble. Recent US-tax regulations coupled with old-school thought process has these mammoth exchanges on the brink of panic. Users of these US-based exchanges have been overwhelmingly dissatisfied with their lack of privacy and also their tax reminders. If you are one of those people who have had a bad experience with coinbase in particular, check out this song about coinbase by Coindaddy, “Straight outta coinbase”

Exchanges like coinbase are more interested in profit and for this reason they have not been keeping up with the times – there is a serious movement towards incentivizing users to use exchange platforms.

The incentives offered by Binance and Kucoin come in two forms:

  1. Referral commissions paid out to users who bring in new users based on the trading fees the new users incur
  2. Discounts on trading fees when using the exchanges’ cryptocurrency, such as BNB (Binance coin) and KCS (Kucoin shares).

If you are jumping into cryptocurrency trading now, you are better off starting your journey with one of these newer, more innovative platforms.

Binance and Kucoin are completely shattering the competition and taking the lead as the dominant cryptocurrency exchange platforms. These platforms are investing their time and money into the cryptocurrency community, which is paying them back thousands of times over.

Because of this, the Kucoin cryptocurrency exchange is tied for my number one recommendation as the best cryptocurrency exchange for beginners.

Here’s why I love Kucoin…

  1. Kucoin Shares and profit sharing
  2. Access to a huge variety of cryptocurrency alt-coins
  3. Kucoin is currently accepting new members 

Numerous cryptocurrency exchanges have paused taking new members due to unprecedented demand and this means that it is becoming more challenging to enter the fascinating world of trading cryptocurrency.

Whether you want to jump on the crypto-train today or in six months time, I strongly recommend you to set up an account with Kucoin, and as soon as possible.

I believe that in the next 6 months Kucoin will share the throne with Binance as the top cryptocurrency exchange platform in the world and that at some point in the next few weeks, Kucoin will probably stop taking new members.

Yes, I have affiliate links in this post. But the biggest reason why I’m promoting Kucoin (which is one of the exchanges that I trade on myself) is that I 100% believe Kucoin is positioned to take over the cryptocurrency exchange market, and given its structure, early adaptors are the ones who are truly going to benefit.

Crucially, at some point, Kucoin will likely have to temporarily close its doors to new members.

If you are looking to start trading cryptocurrency on Kucoin, you can do so by following the link below.

The rest of this article will explain why Kucoin is revolutionizing the cryptocurrency market, why I think this particular exchange is primed to take over as the number one cryptocurrency exchange platform, and the step by step process of setting up an account. (The button below is my invitation code)

Proof of stake (POS) cryptocurrencies

HODL your Proof-of-Stake (PoS) coins to validate, and earn crypto by PoS coins.The PoS concept is straightforward and easy for anyone with a laptop to do as opposed to buying the mining hardware you can find in your typical bitcoin mining farm.

PoS coins are also interesting because there is a growing trend in cryptocurrency market towards PoS coins. Even Bitcoin’s impending Lightning Network upgrade seems to forebode a PoS-like system, even though the main Bitcoin chain will continue to rely on PoW.

Proof-of-Stake is a much newer proposed methodology for achieving distributed consensus. The viability of network’s relying on PoS are not achieved by mining but rather by staking. Staking, simply put, is just when users hold their PoS-compatibile cryptocurrencies in a specialized staking wallet.

Staking achieves the same effect of mining (distributed consensus) without the need for expending exorbitant amounts of computing power and energy.

And if you “stake” your coins, you’ll be rewarded with crypto payouts on a rolling basis just as if you were a mining “winning” a block.

 

I was introduced to this concept by staking NEO (The Chosen One).

NEO

NEO is interersting because it uses something called a delegated Byzantine Fault Tolerance (dBFT). Disregard how confusing that might sound at first glance, and just think of dBFT as kind of like an optimized Proof-of-Stake system.

 

Lisk

Like NEO, Lisk uses a different kind of PoS. Lisk’s distributed consensus methodology is called delegated Proof-of-Stake, or DPoS for short.

This means that while staking is possible with Lisk, it’s only possible for the top 101 “delegates,” with these delegates being voted on and agreed to on a rolling basis by the community.

So, not everyone can stake with Lisk. You’ll need to crack the top 101 delegates for that. But the project still uses an incredibly interesting PoS model.

And with Lisk being akin to Ethereum but built atop the programming language JavaScript instead of Solidity, its potential impending mainstream use could have its dPoS system getting increasingly popular in the years ahead.

Stratis

Stratis is a C#-based crypto project that mined its first PoS block earlier this year in May.

As the Stratis team declared triumphantly at the time:

“This is the first documented and tested instance of a Proof-of-Stake blockchain block mined in C#. Now the developers will combine the full node with the wallet layer developed for Breeze, our full node with PoS will then be ready for a test release in approximately a week from now.”

PIVX

PIVX is a project that forked off of the DASH blockchain last year and has, unlike DASH, fully transition to the PoS distributed consensus system.

PIVX holders have the perk of not having any minimum or maximum cap for staking, too, so you can stake any amount of coins you would like to. To this end, they take the opposite approach to Lisk: anyone and everyone can stake.

Stakers get an annual return of around ~4.8 percent with PIVX.

OKCash

OKCash is an older cryptocurrency project, having been started back in 2014. They’re one of the “OGs” of PoS, as it were, and the project is orientated toward being a micro-transactions throughway.

They’ve got a pretty impressive annual staking return of around ~10 percent. That’s among the best annual returns you’ll find among any PoS coin right now.

All you’d need to do is move your requisite OKCash into a specialized staking wallet.

Many projects are already moving toward PoS, even though it’s a distributed consensus methodology that still hasn’t been widely tested at present.

ETHEREUM

If Ethereum’s shift to Proof-of-Stake goes off without a hitch and proves successful, the dynamic of PoS coins having a small overall sliver of the top 100 cryptocurrencies by market cap in contrast to PoW coins should forever change, to the extent that that “sliver” should become something larger.

ETH’s so-called “Casper” update is what will initiate the crypto’s evolution to PoS. Once this is completed, ETH holders will be able to stake their funds for recurring “dividends” of ether.

Right now, it’s definitely not set in stone how many ether will be required to stake. Indeed, there has been several numbers casually thrown around the community in recent weeks, but to be clear: nothing’s official yet.

Some of these numbers have been as high as needing 1,000 ETH to stake. Some projections are as low as 10 ETH. Another number you hear a lot is 32.

But don’t worry if you’re not an ether whale. Eventually you should be able to pitch in even small amounts of ether into staking pools to partake in the new model.

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