You may already invested into a stash of cryptocurrency coins, or mined it from your mining rigs, and now just holding onto them until the price is right to sell them off with a desired profit.
But do you know that you can potentially grow the balances like placing them in a fixed deposit and earn some "interest" in return?
This mechanism is called "Proof of Stake" which are part of some coins' feature in the market now. In simplest form of explanation, a portion of the coins is allocated for "staking" - a process where you keep the coins in the wallet that would become a node to run the coin's network, and in return some coins would be rewarded based on the duration and amount of the coins placed under staking process.
Cutting the technical aspects aside, this would mean you may take the opportunity to earn additional coins from your current coin balances by converting them to the POS enabled coins (if haven't done so) and activate the staking in your wallet, then making sure it's running 24/7 from your computer.
Sounds like a good deal? It sure is! However there is a small catch though - usually you would need to gather up sufficient amount of coins in order to see the staking reward come to your wallet soon enough. If you have only relatively small amount in the wallet, it may take months or even years to see your next reward coming in!
To bridge this gap, there is a website SimplePOSpool.com offering the service for the users to deposit their coins into this website wallets (very much similar like how you do for coin exchanges), and then the staking rewards earned from the aggregated amount would then split to each contributors.
So what's the main benefit from staking the coins through SimplePOSpool.com?
You'll get the staking reward much quicker than from your own wallet, as the total amounts would be bigger - similar concept as mining pool vs solo mining. And on top of that, your reward goes back to the same pool so the next staking reward would be based on the bigger amount you've just gathered, that's like a compound interest now!
In return, the website team is getting 5% from each rewards you earned from staking, for their service to run the server and wallet 24/7.
Do consider this particular option if you are not plan to mobilize or cash out your coins immediately, especially when the overall cryptocurrency market is not on uptrend and too much uncertainties in hand to make the next decisive move.
All you need to do now is check on which POS coins are good to exchange into and then stake them either from your wallet or from that website.
Author's note: As indicated in the article, this writing is of my own opinion. Your cryptocurrency related investments is strictly based on your own researches and decisions.
If you would like to stake your coins in SimplePOSpool.com and express your appreciation on this article, you may click on any of the website name mentioned in the article, or here (which contain my referral) and start to register for your account from thereon.