Contest!!! Benefits The Staking of Cryptocurrency By: @moonraker1
Introduction:
Greetings everyone, this is my first time to join any contests and challenges here in Steemit platform, and finally my first achievement task was already confirmed. Since when crypto currency and tokens are already popular in the internet World, I also study and learned the flows and concepts of trading systems. Cryptocurrency is valuable aside of the coins and bills we have in our personal pockets or wallets. Many people are already successful in crypto World and they can make us really inspired and we also wants to achieved a successful blogger and trader just like them particularly in the Cryptocurrency. This is really nice and interesting contest initiated by @cryptoloover.
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First of all, I am not yet investing and staking in cryptocurrency. Research and study of the flows of the platforms where we want to invest and do staking is a kind of really important thing. As I study and observed the platforms and exchange wallets, there are lots of legitimate and trustful wallets that can surely safe our investment and stakes . The only thing I will do is to gathered more tokens and do staking soon. For me, steemit platform is a good place for staking and investing by ways of powering ups our steem tokens so that it will increase our Steem Power.
There are several types of good methods in order for us to become successful in cryptocurrency. First, is the investment and the second one is the staking. The difference between this two are when we say invest, we will ready to put our money from one place to another accounts to gain the good opportunities and benefits they offered. On the other hand, staking is a kind of situation on which our earnings or tokens will still hold to the wallet until it will increase or multiplied.
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I preferred to take stake my steem tokens inside of the platform. As I said earlier, gathering more tokens particularly steem tokens helps to improve and increase our steem power and our curation activities will have also value. I'm not taking my steem tokens outside of steemit platform so that I can keep gathering and stored more tokens for the better.
As far as I know, there are some benefits of staking in cryptocurrency:
- There are chance to increase our tokens.
- We can buy other tokens through scalping methods on which we buy low prize of tokens and wait to the prizes to become high again.
- It will comes very handy, means all our earnings are already put in one place, in our gadgets just like cellphones.
I would like to invite my friends namely @jb123, @manticao and @powerupsteem1 to participate this contest.