Crypto staking; the whole idea is to maintain the circulation and utility within the ecosystem; when traders earn passive income from their idle assets, they would have no needs considering selling off their holdings.
Now here is it, I got asked this question a while ago, and here’s how it works.
Most CEX or DEX rewards you for holding their tokens and after the expected period of time, you get rewarded with APR, most times between 2 to 3 working days after staking.
Recently, I’ve heard traders talk about staking BGB to earn trending airdrops, but I’ve got problems having this tokens considering the price of this token close to $5, so it’s nearly difficult for retail traders like me.
Though I came across a spot trading competition with 80k BGB in prize pool and it’s the phase 5 but I don’t know how accessible that is to small traders like me.
If you know better, please I’m interested!
Now here is it, I got asked this question a while ago, and here’s how it works.
Most CEX or DEX rewards you for holding their tokens and after the expected period of time, you get rewarded with APR, most times between 2 to 3 working days after staking.
Recently, I’ve heard traders talk about staking BGB to earn trending airdrops, but I’ve got problems having this tokens considering the price of this token close to $5, so it’s nearly difficult for retail traders like me.
Though I came across a spot trading competition with 80k BGB in prize pool and it’s the phase 5 but I don’t know how accessible that is to small traders like me.
If you know better, please I’m interested!
I have a fairly bullish view on BGB. If there are no business issues, they will have a bullish opportunity. Judging from their price chart structure, they have quite stable resilience. On the weekly chart, they have very strong support and have never broken through it, even after significant declines. BGB consistently bounces at $4. If it remains above $3.5, it is likely that BGB will experience significant price progress and could have the opportunity to set a new ATH.
And they also have the opportunity to conduct a token burn, which I think is quite safe until the end of the cycle.