In stock investing there is something known as a "dividend" stock. When you buy a dividend stock, each month or year the company whose dividend stock you own will pay you part of their earnings in cash, directly to your account.
It really is pretty cool because not only do you benefit if the price of the stock goes up but you also get paid to own the stock!
HORIZEN, the team who created the ZEN cryptocurrency allows you to do something exactly like investing in dividend stocks.
Horizen will actually pay you every week for owning ZEN.
Whats the catch?
You have to set up a "node". Don't know what a node is? Don't worry. I'll tell you. Plus they are super easy to set up. I'll show you how.
What is a node?
Nodes are essentially other computer points that all commuication between a specific blockchain network and also provide a supporting role to the network.
In the Horizen Network they call them "ZENnodes" and there are two types of Zennodes. Well really three types.
A fullnode, a secure node and a super node.
Full Node
A full node is basically a Horizen wallet. Their Sphere wallet running an instance of Horizen's core software. Full nodes hold a fully up-to-date copy of the blockchain. You can easily start one yourself right now for free and start collecting free ZEN by setting up your account and downloading your wallet here.
Secure Node
A secure node does everything a full node does plus it runs with TLS encryption enabled to secure inter-node communication which prevents things like man-in-the-middle attacks. To run a secure node and become a secure node operator, you must buy and then keep 42 ZEN in your wallet. Secure Node Operators each receive passive income in the form of an equal share of 10% of the block rewards paid out in ZEN each week directly to your Horizen SPHERE wallet. The amount changes but currently every secure node holder receives about $48.42 in ZEN per year paid out in fractions every week.
Super Node
Super Nodes are just more powerful Secure Nodes. In the future, they will host Horizen sidechains which will allow the tracking of Secure Nodes to be brought on-chain, an important step forward towards decentralization. They will also support many dApps that provide real-life services. Super Node Operators each receive a passive income in the form of an equal share of 10% of the block rewards paid out in ZEN to your Horizen SPHERE wallet every week. The amount changes but currently every secure node holder receives about $418.14 in ZEN per year paid out in fractions every week.
So how do you get started and set up a full node, secure node or super node?
Its very simple.
1) To Set Up A Full Node - download the free Horizen Sphere wallet and set up a free account at the ZEN Faucet here. When you log in each day, a small amount of ZEN will be added to your wallet for free. You can increase this amount by spreading the word about Horizen and connecting your social media accounts.
2) To Set Up A SECURE NODE - Download the free Horizen Sphere wallet and then go buy at least 42 ZEN from a crypto exchange. The easiest and safest exchange that sells ZEN is BINANCE. Sign up here to create an account and get a Binance bonus.
Once you own at least 42 ZEN, send those ZEN from your Binance account to your Horizen Sphere wallet.
When you have your 42 ZEN in your Horizen wallet, then go to this Horizen node hosting page and pick one of the recommended providers who set up Zennodes. Choose your provider and create an account with them. It will take them an hour or so to set up your secure node. All you have to do after that is give the provider you selected your Horizen Sphere wallet address and each week, the provider automatically sends your passive income in the form of ZEN earnings directly to your wallet. (See the video at the bottom of this page).
3) To Set Up A SUPER NODE - Download the free Horizen Sphere wallet and then go buy at least 500 ZEN from a crypto exchange. The easiest and safest exchange that sells ZEN is BINANCE. Sign up here to create an account and get a Binance bonus.
Once you own at least 500 ZEN, send those ZEN from your Binance account to your Horizen Sphere wallet.
When you have your 500 ZEN in your Horizen wallet, then go to this Horizen node hosting page and pick one of the recommended providers who set up Zennodes. Choose your provider and create an account with them. It will take them an hour or so to set up your super node. All you have to do after that is give the provider you selected your Horizen Sphere wallet address and each week, the provider automatically sends your passive income in the form of ZEN earnings directly to your wallet. (See the video below).
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