Post
Topic
Board Altcoin Discussion
Re: Does staking even make any sense
by
AmoreJaz
on 08/04/2022, 20:17:04 UTC

Now staking is very popular because it requires to earn more income. Especially staking popular when market rise. But a lot of depends on the projects. Now appear a lot of projects that offer many useful things and products like this https://twitter.com/InpulseX_io/status/1511365325950005252

Staking offers many opportunities to earn money. That is why staking now so popular and in demand because it attract a lot of attention of potential users.

if you won't do anything with your funds for the next year or so, and if you have good amount of money, then staking is good as you will be earning passive income. even if we say it is not that big but at least it is earning something while your money is sitting idle. but definitely, you need to stake in reputable platforms like binance, even if they have relatively lower APYs. but if you will just stake small amount, then you will really get small return also, which is not advisable to get into if you have short term plans for your funds.