Post
Topic
Board Altcoin Discussion
Re: Does staking even make any sense
by
RussiaUkraineTranslation
on 22/07/2022, 13:58:02 UTC
Staking is very important for all the project because it allows to earn more passive income but the project but itself must be useful and bring something new to people like https://twitter.com/ImmobiliumInc/status/1541555357524312065

That is why it is important to carefully evaluate the potential of every project.

Passive income is very important for people and it attracts a lot of people.
Now cryptocurrency market started to recovery and its attracts a lot of people to digital assets.

Many projects have staking and now investors have a big choice of projects with staking.
It is very important to choose the projects that are useful for people and will be in demand in the future.
Good point. It's not enough to have a high yield staking platform, it needs to have utility and a means to generate revenue. That's why I like MAXX Finance, the revenue they receive from validator nodes and token transaction fees are directed to a DAO for distribution to stakers.