Though, “Bring your own cryptocurrency” trend started in 2013, the hype has definitely created a difference in a bitcoin’s value. A lot of entrepreneurs and billionaires have begun investing in it.
Waves have become the favorite currency to rely upon as it provides a lot of features to trade and launch our digital currencies and earn some extra money out of it. I believe that it has a great future ahead of itself. Creating your crypto tokens to buy and sell is just a click away! The decentralized exchange provided by the waves lite client wallet allows us to trade with various currencies like Bitcoin, Litecoin, and Ethereum.
Bitcoin, Litecoin, and Ethereum rely on data mining for proofs, whereas waves use something known as Lease-Proof-For-Stake for proof purposes. The token holders thereby earn some money by doing this task.
Leasing the waves can be great as by doing so for a week or a month, you collect your rewards in the form of more waves that can be exchanged with the miner’s bonus on the decentralized exchange for more tokens currencies.
I will guide you to set up your wallet and begin to earn extra capital through it.
At first, you need to have an account and store your tokens and access your DEX. Create your online wallet by giving your name and password. A wallet seed will be then generated, which will consist of different characters and numbers. The wallet seed is significant to note. Write it down on a piece of paper or copy it somewhere and keep it safe. It will be the only way to backup or recreate your wallet.
Purchase some waves from the exchange directly in the Lite Wallet with USD. You can visit some websites if you want some waves for free. They will send you a small number of waves or some tokens, which you can exchange in your wallet or directly sell in DEX. Some of the popular ones available are Waves Go, Waves Drop, and Waves Platform Faucet.
You have to grab the address from the chosen node in the Lite Client and click on L at the top. Enter the recipient’s address and amount of waves to be leased and click on the “Lease Button.”
You have to wait for some weeks for the rewards to be added to your account. Every week or a month, you will be rewarded with some waves, which you can then sell in DEX or exchange according to your wish.
Another great benefit is that, you get some are air-dropped tokens to your wallets on 15th of every month. That’s give you enough time to plan your trades and act accordingly. Meaning that on 15th of each money you can get air-dropped token to your wallets that you can use for long.
Leasing the waves is a great way of generating a passive income source; that’s why Bitcoin and other digital tokens are in the hype in the current century.