What is steakin'?

Published: 2 июня 2024
2 min

What is steakin'? What is steakin'?

If you deposit money in a bank, it will earn interest (around 16-17% per annum in rubles).

But it turns out that cryptocurrency can also bring passive income. Interested? Then read on!  

Staking is the process of holding a certain amount of cryptocurrency in your wallet to support the operation of the blockchain network. You receive a reward for doing so.

In blockchains that use the Proof of Stake (PoS) algorithm, steaking is necessary to verify transactions and keep the network secure. The more coins you have on your stack, the more likely you are to get rewarded.

Unlike mining, staking doesn't require expensive equipment and uses less energy. You just need to keep the coins online. Official cryptocurrency wallets support steaking.  

Different coins and platforms offer different interest rates and terms. Always read the terms and conditions and be prepared for possible risks.

Do not invest your coins in dubious projects and avoid offers promising unrealistically high returns. If something sounds too good to be true, most likely it's a scam.

Staking is a great opportunity to earn passive income by backing your favorite projects. Buy coins, start your wallet and start earning right now!

You can buy the most popular coins for steaking: Ethereum, Cardano, Solana, SUI on the AWX spot market.

Watch videos about steaking on our YouTube channel.

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