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

Does Money Make you mean.

  Does Money Make Us Happier? Wellbeing is influenced by many things aside from income. Key points Some studies claim that money is associated with greater happiness. This blog re-analyzes one study with a "plain stats" approach. This analysis suggests money has only a small relationship with happiness. Money is important and necessary to some extent, but other things matter too.  It is often easy to equate money with   happiness   and success. But does  money buy us happiness? One study suggests it might. The author, Matt Killingsworth, claimed the study  Some might take this study as evidence that money does make us happier. But while this study has value, it might be difficult for the average person to interpret: the article is replete with concepts like logarithms, slopes and  z -scores—concepts which many are unfamiliar with. To help us get a better sense of what Killingsworth’s data really says, I want to To understand the data, we first hav...
Post a Comment
Read more

How Can You Transit Your New Career with Online Courses

  How Can You Transit Your New Career with  Online Courses In today’s fast-paced world, many professionals find themselves considering a career change. Whether it’s due to a desire for better job satisfaction, higher income, or the pursuit of a long-held passion, transitioning careers can be daunting. Fortunately, top online courses provide an accessible and effective way to acquire new skills and knowledge necessary for this shift. This article will explore how online courses can support your transition to a new career. What are the important skills you need for this transition? When changing careers, one of the most significant barriers is often the lack of relevant skills or credentials required in your new field. Online courses offer an excellent opportunity to bridge this gap. They allow you to learn at your own pace and focus on specific skills in demand in your desired industry. By investing time in these educational resources, you enhance your employability and increas...
Post a Comment
Read more

How to Build a Strong Online Presence for your online business.

  How to Build a Strong Online Presence That Attracts more customers for Your business. In today’s digital age, having a robust online presence is essential for attracting clients and growing your business. Whether you’re a freelancer, a small business owner, or a professional looking to enhance your career prospects, establishing yourself online can set you apart from the competition. This article will guide you through the steps necessary to build a strong online presence that showcases your skills and draws potential clients to you. Step 1. Define Your Brand Before you dive into creating an online presence, take some time to define your brand. What are your core values? What makes you unique? Consider how you want others to perceive you. A clear brand identity will help guide your decisions regarding content creation and social media engagement. Step 2. Create a Professional Website A professional website is often the cornerstone of an effective online presence. It should includ...
Post a Comment
Read more