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Lektai
Posts: 7
Joined: Tue Apr 16, 2019 5:06 pm

Earn residual income by staking Veil

Mon Apr 22, 2019 7:02 pm

Since the inception of cryptocurrency, especially cryptocurrencies whose consensus protocol works on the proof of stake protocol, has given users the ability to earn extra income with little or no work done physically, the only thing a person needs to do is to get a worthy pc, electricity and you are good to go
There are various ways with which a person can earn residual income with veil and they include

Trading - this is the most popular way people know how to make money through cryptocurrency, its just all about buying low and selling high basically then you repeat the process again

Staking - If i failed to mention it, Veil token uses a hybrid consensus protocol, which is Proof of stake (Pos) and proof of work (Pow)
From the name proof of stake, users are paid for just holding a certain amount of tokens, (interesting i know right?), Well all a person needs to do is to keep a certain amount of coin for a certain length of time and they will earn newly minted coins, which in respect to veil is known as zerocoin veil
Simple steps to earn via staking with veil
1 - first you need to download the Veil Wallet for your operating system. And the wallet is now available for Windows, Linux

2 - complete the installation phase according to your operating system by following the necessary steps highlighted on the github page, and make sure you keep your seed phrase safe

3 - You can learn your receiving address by clicking "Receive Money" section of your wallet and send here some Veil. You should transfer the Veil coins you have on the exchanges.

4 - Then you activate the staking process by activating the "Staking" tab in your wallet and permanently leaving your wallet open.

Mining - this is a method adopted by coins using the proof of work consensus protocol, it helps keep the network more secure, and in order to do this miners are paid for solving problems all done with their PC,
I'm sure you are pretty excited about this, well you will need to visit Veil's website for this information.

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