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Neo Blockchain Provides Passive Income for Staking in Guarda Wallet

Neo Blockchain Provides Passive Income for Staking in Guarda Wallet

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Updated 4 years ago

Neo Blockchain allows its holders to be able to receive $GAS simply for keeping NEO in their wallet. The NEO network operates on the basis of a decentralized share proof algorithm between several centrally approved nodes, called the Delegated Byzantine Fault Tolerant (dBFT) algorithm.

The priority of the NEO blockchain is to create a smart economy.  To create a smart economy, there needs to be a digital identity for every device, application, individual or organization.  The goal of NEO is to help connect the physical world with the digital assets, while providing a digital identity which will link the digital world and the physical world.  Thus, every device, application, individual or organization will be identifiable on the network. This eventually will lead to the formation of a smart economy which is linked together by digital assets, digital identity and smart contracts. The 3 concepts work as follows:

  • Digital assets remain decentralized
  • Digital assets are legally protected using digital certificates on blockchain
  • Digital identity is created by virtue of the relationship between the digital world and physical world.

All of these can eventually provide for a set of self-sovereign decentralized identity solution standards.

Guarda Wallet and Staking:  Staking is an important activity in the NEO Ecosystem to provide for passive income for users. Those who hold NEO in their wallet will be getting “Gas” which is a cryptocurrency.  The “Gas” is used to fuel the transactions in the network. As each NEO Block gets generated, Gas will be distributed to holders.  The minimum unit of Gas is 0.00000001.

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The annual return on NEO placement in Guarda wallet is currently about 1%

Guarda:  Did you know you can get coins simply for holding $NEO in your wallet? Now you know! A pioneer in dual token model, @Neo_Blockchain allows its holders to receive $GAS simply for keeping #NEO in their wallet. Learn how and try now on Guarda

More than 10 coins are already supported for staking. Users can stake on the Web, Desktop or mobile device.  Only trusted and popular assets are available for staking.  The earned rewards can be withdrawn in a very straight forward manner.

It is as easy as opening a NEO Wallet and Claiming Gas.

Staking options are available in Ethereum, Zilliqa, Kusama, Tezos, ChangeNow, TRON, CPU & NET, Ontology, Harmony, Cosmos (ATOM), Cardano (ADA), Callisto (CLO), NEO GAS (NEO), Komodo (KMD).

For those who are prospecting NEO for investment, it is better as a long-term investment.

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Dan Saada

Dan Saada holds a Master of Finance from ISEG Business School (France). With years of experience covering digital assets, Dan specializes in cryptocurrency market analysis, blockchain technology, and decentralized finance.

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