06-21-2021, 01:50 PM
"Give a man a steak and he'll eat for a day. Teach a man to stake he eats forever."
<!-- SC_OFF --><div class="md"><p>I cannot believe so many people I know are not staking their coins and if you are in for the longrun. <strong><em>Why wouldn't you be staking?!</em></strong></p> <p>Staking is a form of passive income. You stake your coin and you shall receive some interest for staking it. Think of it as interest you get for putting your money in the bank, where the only difference is the interest in staking isn't as crappy as those nasty banks. The more you stake the more you take. Let's use ADA as an example. On the Binance exchange if you stake your ADAs for 15 days you can get an APY of 17.79% (This 17.79% is a promotion, the usual APY would be 5.09% for 30 days, &.79% for 60 days and 9.32% for 90 days).</p> <p>It involves holding funds in a <strong>cryptocurrency</strong> wallet to support the security and operations of a <strong>blockchain</strong> network. <strong>Simply</strong> put, <strong>staking</strong> is the act of locking cryptocurrencies to receive rewards. In most cases, you'll be able to stake your coins directly from your <strong>crypto</strong>wallet. One example is the Trust Wallet.</p> <p><strong><em>Once again if you plan to HODL, then staking is a good friend of yours.</em></strong></p> <p>In simple English: You <strong>giveth</strong> to stake and you <strong>taketh</strong> more cryptos</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Accomplished-Design7"> /u/Accomplished-Design7 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o47wo4/give_a_man_a_steak_and_hell_eat_for_a_day_teach_a/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o47wo4/give_a_man_a_steak_and_hell_eat_for_a_day_teach_a/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I cannot believe so many people I know are not staking their coins and if you are in for the longrun. <strong><em>Why wouldn't you be staking?!</em></strong></p> <p>Staking is a form of passive income. You stake your coin and you shall receive some interest for staking it. Think of it as interest you get for putting your money in the bank, where the only difference is the interest in staking isn't as crappy as those nasty banks. The more you stake the more you take. Let's use ADA as an example. On the Binance exchange if you stake your ADAs for 15 days you can get an APY of 17.79% (This 17.79% is a promotion, the usual APY would be 5.09% for 30 days, &.79% for 60 days and 9.32% for 90 days).</p> <p>It involves holding funds in a <strong>cryptocurrency</strong> wallet to support the security and operations of a <strong>blockchain</strong> network. <strong>Simply</strong> put, <strong>staking</strong> is the act of locking cryptocurrencies to receive rewards. In most cases, you'll be able to stake your coins directly from your <strong>crypto</strong>wallet. One example is the Trust Wallet.</p> <p><strong><em>Once again if you plan to HODL, then staking is a good friend of yours.</em></strong></p> <p>In simple English: You <strong>giveth</strong> to stake and you <strong>taketh</strong> more cryptos</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Accomplished-Design7"> /u/Accomplished-Design7 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o47wo4/give_a_man_a_steak_and_hell_eat_for_a_day_teach_a/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o47wo4/give_a_man_a_steak_and_hell_eat_for_a_day_teach_a/">[comments]</a></span>Kind Regards R