For investors looking to make a BlackCoin investment, they may be interested to know that this asset will provide them with recurring income on their initial investment. Holders can expect to make anywhere from 1-8% per year depending on their own staking weight and the weight of the network as a whole.
This is a very old proof of stake project, and this currency has developed a dedicated fan base that continues to support its development. This project also prides itself on having a fair launch and distribution, unlike other currencies under the proof of stake protocol.
This seemingly uninteresting coin enjoys the benefits of having a strong community, excellent exchange listings, reliable staking and attractive returns. The development team has also been hard at work on several features for the community, including a slick mobile wallet for spending your coins on the go, cold staking capabilities, cross chain atomic swaps, a decentralized exchange, and also an interesting contract scheme that will even allow jointly owned assets.
There's a lot more under the hood of this currency than is first apparent, and it's worth your time to check out what the BLK team is working on.
You can, fortunately, buy BlackCoin on a large number of exchanges if you're looking to get in on this proof of stake cryptocurrency. The trading volume is also quite good, so you'll have no issues in executing a trade quickly and easily. Bitcoin is the highest volume trading pair as per usual, but there's also a couple of other attractive pairings here for Monero and the Euro. These are unusual and attractive trading options that investors may want to utilize if they are convenient for them.
In order to store your BLK you'll need to download an appropriate wallet listed on the coin's official website. While they do have a mobile integration with multi-coin wallet provider Coinomi, it's recommended that you actually download the client wallet. This is a proof of stake asset, and if you want to earn your staking income you'll need the client wallet.
The team has made available installation packages for Windows, Linux and Mac operating systems. After installing the appropriate software package be sure to encrypt your wallet with a strong password, and then create a backup of your wallet file in a safe place. This will be the only way to recover your investment in the event that your host device fails.