Good Cryptocurrencies to HODL For Passive Income
There are various ways in which one can generate some extra income by hodling. There are several cryptocurrencies make this possible without requiring large initial investments for mining and for running masternodes. Your passive income will be influenced by the amount you HODL, but you can start making a return even if you own a small portion of these cryptocurrencies.1. NEO (NEO)
Annual Return: Up to 5.5%
Staking Wallet: NEON wallet
NEO, formerly AntShares, is a blockchain platform and a currency which was established in 2017.
The Chinese blockchain platform allows users to make a passive income by simply storing their NEO off of any exchange into an official NEO wallet, and automatically they will be rewarded in GAS- the token used to pay for the transaction on the NEO network.
By staking NEO coins, it is possible to earn an annual return of up to 5.5% with NEO, but you have to be really careful to use only one of the wallets that let you claim the GAS.2. KuCoin Shares (KCS)
Annual Return: Varies on exchange trading volume
KuCoin Shares is the native token of the Hong-Kong based KuCoin cryptocurrency exchange. KuCoin is a global digital asset exchange established in mid-2017 and which has been well received in 2018 due to its business model and marketing strategy.
KuCoin gives 40% of its trading fees to users that recommend other users. 50% of their earned transaction fees is distributed to KCS holders on a daily basis, based on how much KCS they're holding. You'll receive small amounts of a variety of the different coins traded that day. It should be noted, however, that these percentages will be reduced each year.3. Qtum (QTUM)
Annual Return: Up to 5%
Staking Wallet: QTUM wallet
Qtum is a decentralized and open-source platform used for smart contractdevelopment and deployment. Qtum allows holders with even 1 QTUM to contribute to the network's security through its PoS consensus protocol in which node operators are compensated for validating transactions.
By holding the QTUM currency in the Qtum wallet users can earn dividends.4. Lisk (LSK)
Annual Return: Up to 10%
Staking Wallet: Lisk Nano wallet
Lisk is a blockchain platform for building, publishing and monetizing other blockchain applications. It uses a Delegated Proof of Stake (DPoS) model which is derived from the traditional PoS with a modification: Delegates must be among the top 101 to receive staking rewards.
Delegates are then able to share the rewards with voters that voted them as delegates, allowing them in return to receive a percentage of their earnings.5. Decred (DCR)
Annual Return: Up to 30%
Staking Wallet: Decred wallet
Decred is an autonomous cryptocurrency with a voting system that empowers investors. It uses both PoW and PoS protocols to authenticate transactions. By staking Decred in the coin's official wallet, users are able to earn income. However, in order to be eligible, you have to be always connected to the internet and have to purchase voting tickets.6. PIVX (PIVX)
Annual Return: Up to 4.8%
Staking Wallet: PIVX Desktop wallet
PIVX (Private Instance Verified Transaction) is a coin forked from DASHwhich is focused on privacy and security. It employs a PoS model which encourages holders to keep PIVX in their wallet. Holders must have the wallet open and online for a specific period before they are able to claim their rewards.
You are also able to run a masternode for the modicum sum of 10,000 PIV.
For those who want to get engaged in making the community grow, PIVX also rewards PIV to those that help out with community projects, such as development, marketing, and customer support.7. Neblio (NEBL)
Annual Return: Up to 10%
Staking Wallet: Neblio wallet
Neblio is a blockchain-based distributed platform which is used for developing applications and services for enterprises.
Neblio coins are earned by staking them in the official wallet. Their staking system is highly dependent on how old your coins are. This means that if you have been staking the coin for a longer period of time, you are more likely to receive more Neblio. In order to receive staking returns, you must keep Neblio in your wallet for at least 24 hours.8. Stratis (STRAT)
Annual Return: Up to 1%
Staking Wallet: Stratis Desktop Wallet
Stratis is a blockchain-based platform which provides end-to-end solutions for creating, testing and deployment of C# blockchain applications on the .Net framework. STRAT, the native currency of the Stratis blockchain, can be earned if users stake it in their Stratis wallet. This coin has a lower annual return than other currencies, but it could generate significant profit if you own a large amount of Stratis.9. Komodo (KMD)
Annual Return: Up to 5%
Staking Wallet: Komodo Wallet
Komodo employs a new cryptographic zero-knowledge protocol, which is also used by Zcash Komodo's consensus mechanism and Delayed Proof of Work (DPOW), which confers an added layer of security.
By holding KMD, users are able to receive up to 5% annually by keeping more than 10 KMD in their wallet and adding that reward each month. This reward system was recently instated to boots the blockchain's activity level. In order to maximize their rewards in the Komodo system, holders must use their funds each month.Conclusion
If you are looking to make some extra profit with little effort, then staking one of these cryptos will bring you the passive income you were looking for.