With the recent economic downturn, the market is cooling, and everyone has become more cautious in their investments, whether they are professional investment institutions or individual investors. They are seeking a safe investment in this volatile market. Staking Economy. It’s a sensible choice in this situation, with a slightly risky but also a high APY that allows investors to earn income from holding tokens. Staking refers to the act of depositing tokens in a given cryptocurrency wallet to support the operation of the blockchain network, with the proof of stake (PoS) mechanism rewarding the staking.
Users can stake tokens on the BitMart Staking platform to earn passive income with an APY up to 9%. The choice of lock-up duration is also more liberal, offering three durations of 30, 60, and 90 days, so users can choose the right term according to their needs. It is worth noting that the longer the duration will be, the higher APY. Currently, there are 5 tokens that can be staked: SOL, DOT, NEAR, ADA SHIBI. In the future, more tokens will come online.
Why choose Staking
1.The Staking Economy provides miners with an alternative and easier source of income.
2.Eliminates the need for expensive mining equipment.
3.Unlike ASICs and other mining equipment, the value of the staking assets does not increase or decrease over time.
4.Staking reduces the 51% attack that miners typically suffer.
There is no doubt that Staking is the right choice for HODLers. It transfers a portion of inflationary gains to holders by way of inflationary rewards, mitigating the risk of dilution of their assets. It is also evident from the Ethereum merge that the market recognizes the coming area of PoS and that more and more projects are supporting Staking.
The attributes of the exchange make it a premium entry point for Staking, and users can easily participate in Staking and earn passive incomes.
BitMart Staking Advantages
Users will earn staking rewards without needing to set up nodes, worry about minimum staking amounts, time lengths, or any catches.
We believe that users should earn the full amount of rewards on their deposits. Upon launch, BitMart will not be charging a fee on any staking operations. We will work to maximize the amount earned via staking while maintaining industry-leading security.
BitMart will support, in conjunction with project teams, additional promotional rewards to incentivize users to stake on BitMart.
What are you still waiting for?!
BitMart Exchange is the premier global digital assets trading platform with more than nine million users worldwide and ranked among the top crypto exchanges on CoinGecko. Currently offering 1,000 + trading pairs with one of the lowest trading fees in the industry, we are a constantly evolving and growing platform.
Disclaimer: BitMart does not guarantee the accuracy, applicability, reliability, integrity, performance, completeness, or appropriateness of this content. The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or investing in digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance.
BitMart does not provide investment, tax, or legal advice. Use of BitMart services is entirely at your own risk.