For STAKING you need only one asset, e.g. a coin: REBA or LIBRA.STAKING — is a way to make money from cryptocurrency. You "freeze" your coins in your wallet to keep the network running, and you get extra coins as a reward for doing so. Steaking helps ensure the stability of the coin and helps preserve and strengthen the value.
The nuances of steaking:- Market Fluctuations: Cryptocurrency prices can fluctuate, but this also creates opportunities for growth.
- Freezing funds: Staking often requires locking up coins, which can be an advantage for those who prefer long-term investments.
- Decreasing rate of return: The more people who participate in steaking, the lower the percentage return for everyone, as rewards are spread across more participants. This decrease in staking indicates the growing trust and popularity of the project, the increasing stability and security of the network, and the stabilization of the market, which helps to preserve and strengthen the value of the coin.
Benefits of steaking:- Passive Income: Get extra coins just for storing cryptocurrency.
- Support: Staking maintains the stability of the coin, helps maintain and strengthen the value of the token.
- Accessibility: Easy to get started, no significant technical knowledge or equipment required
- Long-term investment: Staking motivates long-term coin ownership, and ensures that you don't sell the coin before its time.
What does it take to become a steaker?You need to purchase REBA or LIBRA coins for an amount that is comfortable for you
(sometimes a minimum deposit amount is required, please read the investment terms and conditions).
If you already have coins purchased - congratulations! You can start investing in steakig/farming.