This article was first published on Nebulasio - Medium
How to maximize passive income within the Nebulas ecosystem
The Nebulas blockchain is a complex yet rewarding ecosystem but may be difficult to understand how to maximize incentives. Today, we are going to take a dive into economics and explore simple methods to increase the earnings of holders via passive and active methods.
The Nebulas blockchain native asset is NAS and is often described as being a similar asset as Ethereum since both assets have and intrinsic value as well as being required to pay for transactions (gas/tx fees).
Does Nebulas offer staking?
Yes! Nebulas does have a unique method of staking called dStaking (decentralized staking).
By being a NAS holder, all are welcome and encouraged to dStake their NAS in return to receive NAX which can be considered votes within the Nebulas ecosystem. Unlike conventional staking where you give your assets to a pool, centralized entity or a smart contract, Nebulas removes all risk by never taking NAS from your address.
The act of dStaking essentially is similar to signing a non-binding agreement in which you agree to hold NAS in your address and in return you receive the NAX asset which is used throughout the ecosystem.
At any time, the agreement can be canceled and you will no longer receive NAX or even better, you can update your dStake such as increasing how much NAS you agree to dStake resulting in the receiving of even more NAX.
NAX is distributed to those who have an active dStake for each and every cycle which spans about 25 hours. Participants must have an active dStake for a full cycle before receiving any NAX (your first reward may take up to nearly 50 hours depending on time of dStaking). To incentivize long-term holders, the longer you dStake, the more NAX you ...
To keep reading, please go to the original article at:
Nebulasio - Medium