Earning Passive Income
MyCointainer Review: The Ultimate Staking and Masternode Platform
May 29, 2020
Getting started with crypto trading can be a little bit challenging, especially if you have no trading background from stocks or forex market. Generating substantial profits is also not a walk in the park. Whether you are a newbie or an expert, you can easily blow your account because of the high volatility portrayed in cryptocurrencies.
Nonetheless, there are other smart ways of making substantial profits in cryptocurrency apart from just the traditional buying low and selling high. One such way to earn smartly with crypto trade is through Proof of Stake coins, also referred to as dividend-paying cryptocurrencies traded on POS platforms such as MyCointainer. In this regard, this review will delve into MyCointainer analyzing its key concepts.
MyCointainer online automatic staking and masternode platform that generates profit for crypto traders in the form of ‘stakes.’ MyCointainer credits itself to be the easiest and safest way to stake and earn Proof-of-Stake cryptocurrency. The platform is a simple all in one platform that allows users to choose their PoS coins and get staking rewards from multiple crypto assets at once. The platform also offers advanced automatic staking but for selected altcoins.
Let’s start first by defining Proof of Stake(PoS) in cryptocurrencies. PoS is an interesting concept that allows an individual to mine or validate block transactions based on the coins he or she holds. In essence, this simply means that miners owning more crypto coins have more mining power. PoS was created as an alternative to Proof of Work(PoW), which was the original consensus mechanism in Bitcoin and the entire blockchain technology.
MyCointainer currently supports over 40 different digital assets with the number expected to rise in the coming days. Some of the supported assets include Divi Coin, Energi, Rupaya, Polis, BitBay, Monetary Unit Neblio, among others. The platform also integrates shared master nodes technology, which group people together in a segment such that they can easily invest together for the collateral amount.
Earning rewards on MyCointainer is straightforward. First, you start by depositing a crypto coin of your choice to your MyCointainer staking address. The staking begins automatically after depositing the coin. With the investment going on automatically, future rewards are credited and added to your balance.
The whole process of passively earning through MyCointainer is scalable, transparent, and verifiable. Every participant in the staking pool is provided with a clear copy of all stakes — Id transactions and rewards. The developers are also looking to launch a solution that could help investors separate their rewards based on the ones coming from staking and the ones coming from Masternodes.