I just got to know about pStake token and all my checks show that it is really set to rise in the coming days when many get to know what this project is really about and the potential it has for everyone in this crypto space.
Let me brief you on small very important about this great token. First, it is a governance an incentivising token that is used to participated in voting on the organization and as to what must be done about the pstake project as a whole. So in short, by holding the pstake tokens, you become a shareholder of the project and take part in decision making unlike other projects where decision is only taken from above, When looking at the token distribution according to their
website, it has over 40% that have and are yet to be distributed to platform users. This means that sticking with them will give you what everyone dreams of getting for buying a coin.
Moreover, one reason why I like this coin is the uniqueness of it and it being presented in the form of a first time thing that has never been done in the history of crypto. What the project is focused on is to give incentives to people who stake in pos projects. Usually when people stake their coins in PoS projects, their coins are stuck there as far as they wish to keep receiving the staking rewards. This is not much encouraging especially in this era of defi when one can provide liquidity and at the same time be able to get liquidity provider tokens and use them to participate in staking to give them a double income. With pstake, users are given many options to utilize stkTOKENs in various DeFi protocols(yield farming pools) to earn additional yield on top of their staking rewards. This uniqueness of pStake makes it stand out as the number one project that I have put a lot in.
pStake is young in the space but looking at the TVL of it, it is clear that it is really worth the watch by everyone in this space. I have bought as many as I can and still using part of my monthly salary on this coin. I vouch for this and will always do that any where I go. One major feature that looks interesting is the activity that goes on in their
telegram group, this is one of the super active groups on telegram and everyone is positive about pStake.