Post
Topic
Board Altcoin Discussion
Re: How good is staking coins?
by
LUCKMCFLY
on 30/04/2022, 00:10:29 UTC

Staking allows to earn passive income and does not require electricity. So it safe for nature.
For those people why do not want to buy coins for staking they can participate in airdrop like this https://twitter.com/CairoFinance/status/1506234326853238791

The opportunity to earn passive income attracts a lot of people to staking.
But to get this passive it is necessary to choose the right project that will be able to bring this income.

Staking very popular now but it is necessary to have experience to find new projects for staking and analise everything.

I have been studying the different returns that occur in staking, and one of the most reliable are those presented by some platforms such as Binance, because it is much safer and they have great support, seeing some other exchanges that are decentralized in nature. Returns that I have seen exceed 400%, that is something that seems very high to me, but given this I do not know how good long-term staking is, because it can become a double-edged sword, because investment or staking it can go down and it is normal because the market situation can do it.