Cryptoacademy

in #imagen-s3week13 years ago

My entry
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MyCointainer
MyCointainer is hugely an investor's favorite, thanks to outstanding features coupled with great reward products when it comes to staking providers. The Estonia-based staking platform established in 2018 has largely been credited to be the easiest and safest means of staking PoS coins with high returns.
On the platform, you can stake your preferred PoS coins and earn staking rewards from staking multiple coins simultaneously. It allows investors to choose from over 100 digital assets, including Ethereum 2.0, Fusion, Polkadot, Cosmos, Harmony, Carano, Waves, Loom, Algorand, Tezos, Matic, Band Protocol and Kyber Network, among many others.
The platform also offers advanced automatic masternode staking for selected altcoins. What distinguishes MyCointainer is their heavy focus on user experience - you simply buy or deposit and you start earning rewards automatically. The platform is available both on the Web and as a Mobile app (iOS and Android).
MyCointainer features a built-in exchange with a FIAT to Crypto gateway allowing users to seamlessly buy their favorite coins with fiat money (credit card and Bank Transfers) and Bitcoin (BTC). The exchange leverages multiple API points to enable users to buy PoS coins at the lowest price from different crypto exchanges. Moreover, it also applies SAFU (Secure Asset Fund for Users) as a form of emergency reserve to guarantee funds security.

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#Coinbase custody*
If you're not new to the crypto space, you've probably heard of Coinbase- a popular crypto platform that features an exchange and wallet, offering different crypto services, including education and automated crypto investing tips. In 2018, Coinbase Inc. launched Coinbase Custody-a digital-asset custodial service platform that operates as a standalone, independently-capitalized business to Coinbase, Inc.
Coinbase Custody is the first crypto custodian to offer staking and active governance for digital assets stored offline. This means that stakers can hold their coins in offline wallets (cold storage), while still staking on the platform to significantly minimize risks synonymous with crypto staking, notably slashing and hacking. The platform supports staking on several PoS assets, including Cosmos, Tezos, Maker Protocol, Algorand, and Solana tokens. The platform is also expected to add other coins, including NEO, ADA, ETH 2.0, and many others. Staking rewards on Coinbase Custody ranges between 6-20%, with varied reward fees on every token.
Coinbase Custody is an excellent option if you're looking to stake cryptos without putting your coins in the line. The platform allows you to stake your preferred supported PoS digital assets while maintaining full custody of the staked coins in your secure offline wallet. The platform is the first of its kind: licensed, comprehensively-insured, and 100% offline staking provider in the crypto space.

difference between Coinbase and mycointainer

#Coinbase is a cryptocurrency brokerage where you buy or sell cryptocurrency in exchange for fiat currency. Coinbase can also store your cryptocurrency for you after you purchase it. You do not need a Coinbase account to use Coinbase Wallet.
With Coinbase Wallet, the private keys (that represent ownership of the cryptocurrency) are stored directly on your device and not within a centralized exchange like Coinbase. Think of your Coinbase account as a brokerage that can store your crypto for you, and Wallet like a traditional cash wallet that gives you direct and complete control over your own crypto assets.
#MyCointainer is one of the major crypto staking platforms found all throughout the crypto world. Aldo, MyCointainer is online automatic staking and master node staking platform. This means the platform will generate profit for you in the form of 'stakes'. Established in 2018 in Tallin, Estonia. Since its inception, the platform has gathered over 60,000 users who actively appreciate the value of the proof-of-stake consensus by getting staking rewards from multiple crypto assets at once with an additional benefit of compounding interests.
It works very simply:

  • Purchase or transfer coins to start earning money you will need an asset of your choice. Then you simply transfer it you MyCointainer’s staking wallet.
  • Keep coins in MyCointainer. MyCointainer will utilize the power of blockchain (Proof of Stake + Masternodes) to generate stable profits for you.
  • Enjoy your regular profits. Get notified when profits are generated. Now it’s time to enjoy your life and finally let your money work for you.
    According to my research mycointainer is profitable

What is Impermanent Loss

Impermanent loss happens when you provide liquidity to a liquidity pool, and the price of your deposited assets changes compared to when you deposited them. The bigger this change is, the more you are exposed to impermanent loss. In this case, the loss means less dollar value at the time of withdrawal than at the time of deposit.

What is Delegated Proof of Stake (DPoS)

The Delegated Proof of Stake process is termed as a very reliable and robust and the most efficient consensus algorithm within the Blockchain networks often described as a technological democracy. It is very important to note that the Proof of Stake algorithm is different from the Delegated Proof of Stake as they work in different ways.

Conclusion

Staking tokens is also a way for crypto owners to earn income–essentially by pledging their tokens to validate transactions on blockchain networks

Impermanent loss is a decentralized finance (DeFi) phenomenon that occurs when an automated market maker’s (AMMs) algorithmically driven token rebalancing formula creates a divergence between the price of an asset within a liquidity pool and the price of that asset outside of the liquidity pool.

Dpos

In a PoS mechanism, there is no mining at all. Instead, the validation of new blocks on the blockchain happens based on the number of coins being staked. Users lock a certain number of coins as a stake — and at given moments, users with stakes are randomly assigned validation rights for the next new block.

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Hi @samuel9135. Unfortunately I cannot correct your homework because you do not meet the requested requirements regarding the minimum amount of SP in your possession. You have also been inactive for a long time.

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I suggest you join Newcomers' Community and do the activities they have to earn SP

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