Lyfcoin; The best of Staking

With the coming of the blockchain and cryptocurrency, it has always offered numerous ways for people to earn money. Presently, over a million people around the world are making money through crypto-trading, mining, or staking coins.

What does staking coins mean?

In order to support the operations of a blockchain network, staking is the process of holding funds within a cryptocurrency wallet in order to sustain the security and operations of a blockchain network. Thus, by locking these cryptocurrencies, you get rewarded. As such, investors will have the power to earn a consistent income for their investments. Think of this as having your money in the bank and regularly receiving interest.

This process is made possible by a unique consensus mechanism called the Proof of Stake (PoS).

Proof of Stake (PoS) concept states that a person can mine or validate block transactions according to how many coins he or she holds. This means that the more Bitcoin or altcoin owned by a miner, the more mining power he or she has.
By Jake Frankenfield

Today we are going to talk about a unique project that makes use of the Proof of Stake (PoS) consensus mechanism to offer staking and it's called Lyfcoin.

Introducing Lyfcoin,

This is a platform that was designed with the sole purpose of staking, analyzing ERC-20 smart contracts, as well as management of merchant accounts so as to allow for users to have a seamless, fast, secured and cost-effective transaction over the decentralized P2P network. This platform was created in the year 2017 and it aims to achieve the state of the art staking and information services for both beginners and expert cryptocurrency users. This way, users will be able to stake any cryptocurrency of their choice while earning with the platform.

Lyfcoin Staking

Lyfcoin offers three different models of staking based on the experience level of the cryptocurrency users and they include

• Lyfcoin for novice cryptocurrency enthusiasts
• Lyfcoin for expert cryptocurrency enthusiasts
• Lyfcoin for professional cryptocurrency enthusiasts.

They all differ by the number of slots allocated for the coin staking and the ability to sell their received monthly stakings through a 3rd party exchange.
Also, each of the staking models have their own unique staking pools which is usually valid for a maximum of 5 months only.

How to stake cryptocurrency using the Lyfcoin platform

Firstly, users will have to create an account on the Lyfcoin platform using the following link https://www.lyfcoin.club/
Creating a user profile on the platform is very simple and requires no experience at all.
Users will then proceed to do KYC and this could be achieved within minutes
Users will then proceed to select their staking plans according to their cryptocurrency experience levels and it is very affordable and could be done with as little as 20 USDT.

Other services provided by Lyfcoin

Lyfcoin for merchants - it offers account management for merchants to ensure that individuals have a very fast, reliable and cost effective transaction through the decentralized p2p network. It does so by the creation of a 3rd party Api integration, ensuring that all stakeholders have done their KYC as well as provision of project management services throughout the length of the project.

Advantages of using the Lyfcoin platform over other staking platforms.

There is a lot of platforms that offer staking of cryptocurrency but there is a lot of special features offered by the Lyfcoin platform which makes it trump all others. This platform is very independent and doesn't depend on other third party services for their services. As such they offer a very high degree of security thereby leading to a high amount of trust. Users funds are being safeguarded by a high amount of security such as location based security, two factor authentication, M-sig wallets as well as other security features.The platform is also fully licenced and fulfills all regulatory compliance conditions.
Its staking mechanism is very transparent and traceable, and is done with their own personal staking Smart Contract that can be monitored by users.
It has a dedicated support team that is available 24/7 to attend to the needs of its users and help them through any complicated walk through.
It offers a variety of multiple staking options based on the financial objectives, risk profiles and experience levels of its users.
It also offers cryptocurrency project owners to be able to list their ERC-20 tokens for staking solutions.
It has a special pricing algorithm that prevents users from losing money due to volatility of cryptocurrency by controlling the price of the token within its ecosystem rather than trades against the major cryptocurrency.
Its payments of rewards is very fast and effective and paid automatically by the Smart contracts at the agreed period of time.
It also offers a staking calculator that enables users to be able to calculate their profits and select their preferred plans easily.

Conclusion

Making passive income with cryptocurrency was made easier with the introduction of the staking and Lyfcoin is one of the best platforms as it offers unique staking models for its users. It's secured, transparent, user friendly, and offers the best staking models for users according to their experience levels and financial budgets. Thus, staking has been made easier with Lyfcoin.