How does staking work?
💵Staking is a way of earning rewards for holding certain cryptocurrencies and not only boosting liquidity and providing lending services, but it also supports the blockchain itself.
🪙If a cryptocurrency you own allows staking, this usually happens via a “staking pool” which you can think of as being similar to an interest-bearing savings account.
🔗The reason your crypto earns rewards while staked is that the blockchain puts it to work. Cryptocurrencies that allow staking use a “consensus mechanism” called Proof of Stake, which is the way they ensure that all transactions are verified and secured without a bank or payment processor in the middle. Your crypto, if you choose to stake it, becomes part of that process.
👨💼Staking lets you earn interest on your tokens. DApps like Coinswap Space reward investors to earn whichever token they wish to stake. Currently, here are the reward multiplier available on the CSS Platform:
📍$CSS Stake x20 (0% fee) Earn $CSS
📍$CSS Stake x0 (2% fee) Earn $MVP
📍$EX Stake x0 (4% fee) Earn $EX (FaaS)
📍$EX/$CSS x0 (4%fee) Earn $EX (SaaS)
💰 Earn now by staking on the Coinswap Space platform!
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