Post
Topic
Board Altcoin Discussion
Re: How good is staking coins?
by
redwine49
on 05/04/2022, 13:48:38 UTC
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
Staking activities are both risky and very lucrative in my opinion. This depends entirely on the activities and content of the project you are staking in. If a stake is made for a project that will not show a good rise or an empty project, you may even suffer a complete loss of receiving your principal money. Because the token you stake will be locked, and you may not know whether it will drop for the token at that time, and it may have serious damages. These should definitely be considered.
That's right but it's also depend on staking conditions, some project allow it's holder to exchange directly without having to be locked.
This is also good deal when we want to bought some crypto with staking feature