Skip to main content

Passive Income

 


Crypto Staking: How to Get Passive Income

The world of crypto offers its investors a variety of ways to increase their earnings. While some invest in mining to increase their holdings, others opt for crypto staking instead. Crypto staking is the process of “locking up” a piece of your cryptocurrency to contribute to the blockchain network over the long term in exchange for a return on their investment.

What is Crypto Staking?

As the need for more efficient and cost-effective transactions processing became more prominent, a consensus mechanism Proof of Stake has emerged. Instead of relying on miners solving complex maths problems, it validates transactions by people who are invested in the blockchain.

Essentially, the users put their tokens in for a chance to add a new block onto the blockchain in exchange for a reward. And their staked tokens act as a guarantee of the legitimacy of any new transactions. Interestingly, the system automatically chooses validators based on the number of tokens staked and how long the user has held them. So, the more invested a user is, the more rewarded they can be.

Benefits of Crypto Staking

Apart from creating a passive income stream, crypto staking has several advantages.

  • It does not require any additional investment into hardware like Proof of Work does;
  • It is a more environmentally friendly way of validating transactions;
  • It contributes to the blockchain’s security and efficiency;
  • It can have a very high APY, depending on the project.

What is KokoStake?

KokoStake is an example of a staking programme that offers its users a considerable return on investment. This staking platform was developed by the KokoSwap ecosystem. KokoSwap is a one-of-a-kind platform that integrates the greatest use cases of NFT trading, NFT gaming, and staking. It is a one-stop crypto platform where users can stake and purchase digital assets while having fun playing games.

KokoStake enables users to stake Ether or KOKO tokens to earn high yearly interest and generate passive income. The staking program lasts two years and has a one-year minimum staking duration.

Final Words

Staking can be an effective technique for crypto investors to earn interest and incentives on their assets. Additionally, it can introduce users to the governance and validation aspects of blockchain networks, which may be of interest to certain investors.

Staking is similar to owning a stock and receiving dividends, or even as depositing money in a bank and earning interest. It can be seen as a low-effort method of growing funds, but just like any investment, it requires some due diligence and research.

About KokoSwap

KokoSwap is a unique platform that combines the thrill of NFT gaming with the advanced rewarding functionalities of Decentralized Finance. The platform offers the ability to trade, invest, earn, play, and win with key features such as NFTs, staking platform, and NFT gaming.

KokoSwap has always been proactive in sponsoring various NFT events and has helped several famous artists launch their NFT collections available on an invite-only marketplace. Apart from the NFT marketplace, KokoSwap’s NFT gaming is a great tool to earn $KOKO tokens and generate passive income sources by staking digital assets such as Ether and $KOKO.

Click here to get instant access.

Comments

Post a Comment

Popular posts from this blog

Best Ways To Make Money From Home

  Best Ways To Make Money From Home in 2023: Learn To Earn Online Methods Of Making Money From Home Online Tutoring: Share Your Knowledge and Earn: If you possess expertise in a particular subject or skill, online tutoring can be a lucrative way to make money from home. Many students and professionals seek personalized instruction and guidance, creating a high demand for online tutors. Platforms like Tutor.com, VIPKid, and Chegg Tutors connect tutors with students worldwide. Whether you excel in academic subjects, music, language, or test preparation, you can offer one-on-one lessons or group sessions through video conferencing tools. Online tutoring allows you to set your own rates, work flexible hours, and make a positive impact by helping others achieve their goals – all in all, it’s a great way to make money from home. Virtual Assistant Services: Support Businesses Remotely: With the rise of remote work, businesses often require virtual assistants to handle administrative tasks, ma
Post a Comment
Read more

TOP 10 SIDE HUSTLES for you to earn money from home.

  If you are a student you need cash to meet the escalating costs of textbooks, fees, and daily expenses. Side hustles are a great and creative way to relieve some of those overwhelming stresses while earning extra cash on the side. They also provide a route to skill development, flexibility, and personal growth . Here are  top 10 side hustles for students, each a key to unlocking financial freedom and a gate to valuable experiences. 1. You can Resell your used or vintage goods Turn items you don’t use anymore into cash by diving into the world of resale. Platforms like Facebook Marketplace welcome your unwanted items, while thrift stores like Plato’s Closet pay you for fashionable clothing. It’s a win-win—declutter your space and pocket $20 to $40 per clothing item.  2.You can  Sell your designs Selling designs is a great way to make money right from the comfort of your desk. Platforms like  Printify  allow you to simply upload your designs, link your online store—for example,  Etsy  
Post a Comment
Read more

How To Make A Guy Miss You And Love You More

  How To Make A Guy Miss You And Love You More By Hannah Jackson Author of Make Any Man Love You <= [Link this text via your affiliate link] “Now you've disappeared somewhere, like outer space You've found some better place And I miss you Like the deserts miss the rain” - “Missing” by  Everything but the Girl One of the biggest challenges for a woman in a relationship is dealing with her guy’s knack for being withdrawn or unavailable. She might notice her man drifting away. He seems to be too caught up in his own stuff and doesn’t pursue her as much as before. If you’ve been in this situation in the past, you know how scary this is. It’s a terrible feeling of dread that washes over you – and it seems like you’re  losing control . You can feel him distancing himself from you, but you can’t do anything to stop him. You want things to go back to the way they were, when he was warm, caring and affectionate. Maybe you’re wondering, “What am I, chopped liver? What happened to the
Post a Comment
Read more