Sunday, November 29, 2020
Home The Capital How to start staking now?

How to start staking now?

The world of crypto offers enthusiasts many passive income options. One of them is staking — an easy way to make the crypto on your wallet bring you profits. In this article, we will explain staking compared to mining and trading, consider its advantages, and look at the best staking options today. Dig in!

Once you’ve started staking, the network may choose you to validate a new block of transactions and add it to the blockchain. In Proof of Work networks, you get this right by competing with other users in terms of calculating power. In PoS cryptos, the network chooses you to validate a block depending on your stake size and other parameters. Thus, you don’t need to have expensive equipment to help the network run and get rewards.

This is not the only advantage of staking compared to the other ways to profit from crypto. There are more:

  • No extensive research is needed. The only things you need to explore are the best coins to stake and how staking works in general. No technical analysis, no sophisticated trading strategies, no complex mining rules.
  • This is a stable way to get your profits. Unlike in trading, your income is well-predictable. This means you don’t have to keep an eye on the market all the time — whatever happens, you will get your staking reward.
  • Staking takes very little time. Once you’ve chosen the coin and set the amount, all you need to do is get comfortable and count your staking rewards.

The service offers a very transparent and flexible reward calculator — the more and the longer you stake, the more you get:

A progressive scale of rewards is implemented: staking for 12 months is 2,5 times more profitable than doing so for 6 months (in annual terms).

Staking time span is also very flexible: you can stake for a week or for more than a year. The rewards are granted every week.

NOW also uses the so-called “whale protection”: the maximum amount for staking is 100,000 NOW, thus ensuring the equitable distribution of the chances to validate a block and get rewarded.

Popular Articles

Bitcoin returns to $18,000 as investors are mixed over what’s next for the bull run

Bitcoin is finally showing some strength after a brutal correction to $16,200 earlier this week.The leading cryptocurrency has bounced to $18,000 as of this...

Tyler Winklevoss On Bitcoin at $18k, “This is not a FOMO rally. It’s steady hands.”

Advertisement     Tyler Winklevoss the Co-Founder and CEO of top cryptocurrency exchange Gemini, says the Bitcoin rally that took the price to over $18,000 is...

New Van Eck Bitcoin Note Gives Hope to Traders

Van Eck Associates Corp. has introduced a bitcoin exchange-traded note on a German crypto exchange. The trading platform is known as the Deutsche Boerse...

Here’s the Bitcoin Price that “All the Key Levels” are Currently Pointing To

Bitcoin and the aggregated cryptocurrency market are currently pushing higher, with bulls moving to erase all of the losses that came about as a...

What Analysts are Saying About Bitcoin as It Reaches Overhead Resistance

Bitcoin is fast approaching a long-watched overhead resistance level formed in the time following its recent rejection at its $19,500 all-time highs. The selling pressure...

Introducing MoonDeFi, a New Part of Decentralized Finance

PRESS RELEASE. Centralized exchanges have been the backbone of the cryptocurrency market for years. They offer fast settlement times, high trading volume, and continually...