Proof of Stake (staking)
I want to emphasize a point here. Just because you reached enough money in your Coinbase account to buy your Future Ad Pro ad packs and start withdrawing from them does NOT mean that you should stop clicking everyday with you PTC and faucet sites. You need to plan on still utilizing those and reinvesting the earnings into TRAFFIC for a bare minimum of at least 6 months if not closer to a year. If you already have $1,000 or so ready to go with this from the start, then you do not need to worry about the clicking everyday. But for some of us, we really can’t afford to have that much capitol to start. So it is imperative that you stay strong and stay consistent when doing your daily clicks at both the faucets as well as all the PTC sites. This will REALLY help supercharge the results you get in the first year using this strategy. After that point, this thing will take on a life of it’s own and you will most likely be stacking different kinds of crypto faster than you can keep track of!
Once we have reached a point in Future Ad Pro where we can buy a $50 ad pack every other day and never have to wait any longer than that, we will start skimming about half of the remaining balance off the top. You can find details on that strategy by clicking HERE.
The money that you take out of Future Ad Pro will be sent to your Coinbase wallet. Once it hits your Coinbase wallet, we are going to split it up into halves. One half you are going to start buying more outside advertising at different places we list HERE. But half the money you withdraw from Future ad Pro will be put into staking.
If you have been involved with Bitcoin and cryptocurrency in general for any length of time, you have probably heard about mining by now. (more on that coming soon!)
I want to introduce you to something similar. A little something called Proof of stake.
What is POS (Proof of Stake) as compared to POW (Proof of Work) The first Cryptocurrencies, notably Bitcoin, use Proof of Work (POW) as method to define who (which “miner”) can add the next block.
That is, potential miners need to solve additional mathematical problems with are unrelated to the task of processing transactions. This is called “difficulty” – the aim is to make the threshold for mining high enough so that not to many blocks are mined.
Increasing difficulty off expensive coins leads to extreme waste of resources, notably electricity. Proof of Stake tries to avoid this waste. Instead of solving mathematical puzzles, potential miners (here called stakers) need to leave a certain amount of coins “unspent” – that is not moved – in their wallet.
Thus the name – they have to put their coins “at stake” – while they are staking, they can’t be sent.
So – what is staking?
Leaving your wallet online, to support the network, and leaving some of your coins unmoved on the same address for some time, and thus earning reward.
Now, I don’t know about you, but I would rather not leave my wallet open for days on end.
Also, here is something else to think about. Did you know for instance that when a lot of people
pool their POS coins, they can get a lot better results than just staking with only what each one of them has? Why is that?
Proof of stake Pools are primarily targeted on getting the most efficiency out of the combined amount of coins actively being staked at that time. To summarize, the bigger the pool of coins being staked is, the higher the chance is that the staking pool in question will be picked and verify a block on the blockchain.
We will spread out our risk and use a few different programs to do this but the theory works the same with all of these following programs. Some have coins available that others don’t. Some of these programs offer free airdrops as well. It is best to go ahead and sign up with all of them even if you only focus on using the first one for a while just to get the hang of things.
Some of the coins used on these platforms are somewhat new and aren’t available everywhere. For this reason, I highly suggest that you sign up to ALL the exchanges listed on the WALLETS page
We will also be using these very same programs for the next step of this strategy so best to go ahead and get used to navigating them now. It will make the next step extremely easy.