Cardano’s token ADA is one of the most solid cryptocurrencies there exists, for multiple reasons is growing as a promising investment. The token is being supervised by the Etherum co-founder Charles Hoskinson, and the project is going fantastically. A great thing about the token is that losses are nearly impossible when you invest in Cardano.
The token is completely based on a proof of stake network, which makes it a lot easier to mine. While other cryptocurrencies are based on proof of work, so you need GPUs’ processing power to mine.
Do you want to know how to make money with ADA tokens? Keep reading this post!
What are the projections for the token ADA?
The token Ada is one with a lot of possibilities in the market, that is necessary for many things. To invest in Cardano is something that will allow you to get between 6% and 7% of the ADA you have in your wallet.
This is done by running pools of stake, where you “invest” your money, and you will receive interest for that. The thing is that your money never actually leaves the wallet!
You can take your money out of it whenever you want. You receive your earnings every 15 days the first time, then it’s every 5 days. People doing this are called “stakeholders” and this is why Cardano has some of the most solid holders.
Why is it such a good option? In the worst of cases you can simply take out the money off your wallet, that’s it. There is no great risk, apart from the regular risk that cryptocurrencies have, and if you are afraid of that, don’t work with crypto.
This is why invest in Cardano is such a good option, but how to do it?
How to invest in Cardano?
There are no special requirements for it, and the process is really easy. You simply need to buy the tokens you want to stake, and choose an existing staking pool and start.
As simple as that you will start receiving your rewards, and you can change the pool of stake if you prefer. You will need to find a wallet where you can take hold of your ADA, one suggestion is the Yoroi wallet.
In case you want to become the owner of a staking pool and start running it, there are some requirements:
- Internet connection 24/7
- Experience in this topic
- The skills to operate the system
- Skills to administrate the server
Even like this, you don’t need that much power to run a Cardano stake pool, you can do it with a regular computer. Some of the most trusted brokers that you can use to invest in Cardano are Binance, eToro, Kucoin.
What are you waiting for? Start using that money you have gathered up in your bank account, and start winning interests! Remember that you get paid by doing nothing, just holding your money, as in bank accounts!
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