RE: Crypto Passive Income Report - January 2021 by jmsansan.leo

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hive-167922 · @jmsansan.leo · Feb 1 '21

Have you looked at Algorand (ALGO)? 

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👍 hiveapprentice

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@hiveapprentice · Feb 1 '21

It is definitely on my radar! Is it something you have some experience with? Easy to set up and get going?

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👍 jmsansan.leo

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@jmsansan.leo · Feb 1 '21

Is Pure Proof of Stake, so it means you get stake rewards just by holding your ALGO in your wallet. No need to delegate, no need to wait for 40 days. The rewards are paid instantly. 

I got it when it was at $0.25 but now is at $0.55 if I remember. I’m staking Tezos and Cosmos as well and it did a lot better than those two but I don’t know why.

Also, if are going to stake DOT in the future don’t use the official web app because you won’t receive rewards below 200 staked DOT. Use Binance or a Polkadot wallet. I’m very happy with DOT, got it under $4 and now is over $15.

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