Crypto “hodlers” just received a way to earn passive income from their cryptocurrency stakeholdings. DLease.io, a new Steem-based application, recently launched its professional-grade leasing platform, which allows STEEM token holders to earn additional coins through its peer-2-peer leasing program. With an average Annual Percentage Rate of double digits for the past 12 months in its closed community beta, the DLease app offers passive returns not common to the cryptocurrency industry.
Steem is a top 50 marketcap blockchain, boasting roughly 1 million transactions per day, placing it 6th according to Blocktivity.info. Steem started producing tokenised rewards in July 2016 and now sports over 1.1 million user accounts. The DPOS (Delegated Proof of Stake) chain uses a concept called “Proof of Brain”, based around social media activities.
Influence on the Steem blockchain is directly related to the stake one has, also known as STEEM Power! The more stake, “STEEM Power” one has, the bigger the dollar value of your…