Re: How good is staking coins?

Quote from: llecrf on Today at 06:14:38 AM

Quote from: Anthony_4 on February 10, 2022, 07:22:46 AM

I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be...... Wink

From the experience I've had at Biswap, the passive income I get is very good, I won't give you an idea or profit percentage, because a percentage like APY will not make the price of the coin you get make you profit, the price of the coin will definitely go down because a lot people who get coins from staking and they sell them.
Recently I sae the SAFUU platform give more than 300k% APY, but I believe the price of the coins produced will decrease as the number of coins sold after staking increases

First time launching to public BSW or Biswap coin giving almost 300% APR but later price drop drastically from $2 and now drop under 0.7$ after have pumping price by listing on Binance. I see this high return and risk with staking on coin give higher APR above hundred percent, we have not long term keep staking and good thing if any coin without give penalty when unlock staking coin, available selling when we want and not really care about
how long keep staking but keep safety for carry out when price suddenly drop.