Ninjastic
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Topic
Board Altcoin Discussion
Re: How good is staking coins?
by
Tellek Garing
on 02/04/2022, 16:38:03 UTC
Quote from: retreat on March 25, 2022, 07:04:49 PM
Quote from: llecrf on March 25, 2022, 06:14:38 AM
Quote from: Anthony_4 on February 10, 2022, 07:22:46 AM
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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
I also have an asset that I stake in Biswap and compared to other DEX platforms, I recommend Biswap more. Regarding SAFU, you should be careful because usually projects that offer a high APR or ROI will end up being a scam.
Yeah proof of stake is the most convenient way of cryptocurrency mining and as that it more easy and cheap to mind on proof of stake and if one is looking to gain passive income then staking can be recommended for that purpose.