In this 2019 YouTube vlog, the presenter promotes BitcoinMYK, a Bitcoin fork token, as the optimal staking coin for passive income. He explains staking fundamentals, describing how unclaimed fork tokens are reclaimed and redistributed as staking rewards, yielding an advertised 29.9% monthly return (approximately 1 token per day per 100 staked). A penalty schedule (1%–10%) applies to unclaimed tokens over time, making the system deflationary. The token imposes no minimum staking amount beyond owning a single token, contrasting with costly masternode requirements. Rewards can be spent during the 30‑day lock period in an integrated marketplace that partners with Amazon and offers in‑store purchases. Additional incentives include free token offers and a Universal Basic Income (UBI) token distributed monthly to all users, which can also be staked. The presenter highlights the social‑network aspect of the platform, advertising, and the anticipated growth of token value alongside network expansion, positioning BitcoinMYK as a lucrative, low‑barrier staking option for 2019.
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Hey you, welcome back to the channel. And guys, today we're gonna talk about what I believe to be the best coin to stake in 2019. Now when we speak of staking coins, basically in many cases we're talking about securing coins or staking coins to secure the network. We're talking about delegated proof of stake and Sometimes we're speaking of versions of proof of stake versus proof of work or some type of hybrid model. So they, they have various parameters to them. But specifically with the coin I'm looking at today, project I'm involved in, BitcoinMYK, we're going to talk about how coin staking works with it. So BitcoinMYK, like it sounds, it's a fork of Bitcoin. Uh, when BitcoinNYK forked from Bitcoin, there was a period in which tokens were able to be claimed without a penalty, at which point, after a certain period of time, penalties would be applied, uh, starting at 1% of the coins not claimed. Now, uh, many, many people don't know that Many fork coins, there's, there's, they're not all claimed in many cases. So many Bitcoin forks, there's these coins that are left out that weren't claimed, and they can either be somehow distributed back into the network or burnt or what have you. What we've chosen to do is basically use them as part of our staking, uh, system here. And so the number of coins that are claimed, um, uh, are actually going to be implemented into, uh, how many people claim the tokens per month minus the penalties and various things like that. That allows us to come up with a percentage of how many coins go out into the coin holders, right? So basically, in short, it's just a way to put those coins back into the coin holders' hands, right? And so we use percentages of these unclaimed tokens in order to achieve that. And so we factored that The first 30 days of staking coins, for every 100 coins, there will be 29.9 coins, almost roughly 1 coin per, per day. If you stake 100 coins, for example, if you stake up 1,000 coins, it'll be around about 10 coins per day at about a 29.9% increase in coins per month. Uh, right there, I think that is a good situation for staking these coins. Again, a good kickback to people who are staking coins. Again, these are unclaimed Bitcoin, uh, fork coins, uh, and so that means all Bitcoin holders, uh, are eligible for, uh, tokens. However, again, if they aren't claimed, uh, in certain periods of time, they include these, uh, small penalties of, um, 1%, and they fluctuate, um, on a schedule, 1% to 2%, and it can increase all the way up to 10%. Uh, and in some cases, uh, it can go to a certain cutoff point where there will be no more claiming at all, and this will be put, placed back into the network for for token holders. Now, you know, this works much more in a deflationary way, I think, than many other coins. Um, one of the issues I've had with coin staking is it seems to be no end to the staking, right? You just— it's almost like you just stake coins, uh, just, just for the— it's like no, no point to it almost. You just staking coin after coin after coin. Now understandably so, these coins have value across their blockchains. However, in some cases they have, um, not so good, uh, growth rates to grow their network or to gain more value to the network. And in some cases they don't have platforms and value hardly at all. So what I think is different with us is we are a Bitcoin fork so that value over from Bitcoin can circulate through our tokens. We are a social network, so people, we have a value in social media and the growth of social media, how things like that work, as well as offers and advertising on the site and various things like that. Uh, and in addition, uh, uh, to that, uh, I think one of our most, uh, interesting features right now is on our site we have a marketplace, um, where you can purchase just about anything imaginable, partly integrated with amazon.com, but, uh, we have our own in-store purchases that will grow over time that can be made. And what's very interesting about what we're doing here when when you stake tokens and they're locked up in their 30-day cycles, the interest, the increase in coins that are rewarded, the bonus, the rewards that you see receive every day with these tokens can be used even during your lock period. Your rewarded tokens can be used to purchase things in our marketplace store. And this store will grow to just about anything you can imagine. You will be able to purchase with these tokens. Um, and so I think that's very appealing, as well as you would be staking into a network that we feel truly has value using, um, unclaimed, uh, tokens from the Bitcoin fork. Now, in addition to that, there's a few more other, I think, advantages to staking with BitcoinNYK, that's going to be, uh, very, um, beneficial. And that is, uh, many of you all who've staked coins probably know about masternodes. You know about— there are certain amounts of coins you have to stake. They can get very costly. You can sometimes— it can range from, um, uh, hundreds of dollars to tens of thousands of dollars. So what What's different about BitcoinNYK, and I think a lot more attractive, is that with BitcoinNYK, uh, what you're gonna end up basically having is, uh, no limit to the staking, no minimum to the staking. So if you got a token, BitcoinNYK token, that you'd like to stake, you're able to stake that. Uh, there is no minimum of staking, uh, except you do have to have one BitcoinNYK token. Now here's the beauty of it. If you're a Bitcoin holder already, you can get it. You can obviously claim your Bitcoin MYK, uh, tokens minus the 1% penalty you've now accrued since, uh, we've given notice since, uh, last month December. Uh, you were able to, uh, claim that, claim those tokens and stake them if you wish. Um, as well as that, uh There are many offers on the site where people can get tokens without paying for them. You can— there are many offers. You can get the tokens free, pretty much. And also our Universal Basic Income tokens, we give out one each month to everyone. Those can be staked as well. You can stake all our tokens and you don't even have to pay for them. You can start earning on them as well. So a pretty good system there we have going with this. I think one of the most advantageous as the network growth grows and the value grows, the token value will grow alongside with it. And as well, again, we have many other features on the site that give it value, that give the tokens value. So we think this will be a great project, a great coin to stake in in 2019. Me personally, and trying not to sound biased, I think, um, for me, one of the most beneficial, uh, you know, considering, uh, some of the other coins I've looked in staking, what, what it requires to have significant value over the network and when you stake your coins over these networks. But guys, that's all I wanted to say. Um, Guys, if you like content like this, don't forget to like, subscribe. Don't forget to check out BitcoinMYK. A lot of cool, interesting things over there, especially for growing passive income in 2019. And until next time, guys, take care.
