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The Secret Passive Income Everyone is Talking About
That’s right! Gen Z’s and Millennials have harnessed the power of a new and trending way to earn passive income. Staking cryptocurrency!
In fact, both Solana and Cardano’s staking values make up more than 70% of their total circulating supply. Mind-blowing, right? But what really is this new passive income of staking cryptocurrency? Continue reading for more.
The ‘Passive Income’ Vault
That’s right the time has come where crypto fish and whales and animals in between are able to sit back, relax and let their hard bought coins do the works for them. Staking cryptocurrency is passive investing and some say a ‘passive income’ option. The staking vault allows you to earn while doing nothing.
Freeze your assets entirely through the vault for a specified time and cash out! Little to no risk as nobody is taking your crypto and spending it elsewhere, unlike a bank where they would use it for loans and other debts. Your cryptocurrency is always your cryptocurrency and nobody would use it.
What is Staking?
Staking is a nearly full-proof way of earning extra on top of your already own cryptocurrency. Similar, but still very different to the concept of earning interest on a bank account, when crypto holders stake their assets, extra return on investment is rewarded with even more coins. When fish and whales alike stake their coin, the commitment of locking up your crypto in a vault, or ‘freezing’ them is made for a specified amount of time. Once that time is up, users can un-stake the crypto and get even more rewards back.
The standard amount of time to stake varies per platform, along with the rewards.
Staking at NAGAX
The riskless rewards you can’t miss out on are coming soon to NAGAX! Unlike other popular platforms, you can stake your coins for just a day! There is no minimum amount which you would be locking in your coins for.
Also, our premium NAGA Coin (NGC) is also available for a high reward staking pool.
Biggest Staking Pools of 2022
According to Statista here are the biggest staking pools to date with some of the juiciest rewards for the crypto universe. Updated April 5, 2022:
Solana (SOL) Staked Value: $52.78B Total Staked: 74.95% Reward: 5.99%
Ethereum 2.0 (ETH) Staked Value: $37.58B Total Staked: 8.86% Reward: 4.54%
Terra (LUNA) Staked Value: $37B Total Staked: 41.75% Reward: 6.08%
Cardano (ADA) Staked Value: $29.82B Total Staked: 71.9% Reward: 5.01%
Polkadot (DOT) Staked Value: $14.26B Total Staked: 52.53% Reward: 14.05%
Why Staking Could be Beneficial
There is little to no risk! The ROI is proven time and time again. Timeframe of staking at NAGAX is small! We do not hold you down, you can remove your staked coins at any time and the minimum staking timeframe is only a day. There are no minimum amount of coins to stake at NAGAX! Unlike other popular crypto platforms, the opportunities are boundless from just a single coin to many, your staking rewards are endless.
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