Press Release View Non-AMP

Staking Crypto With Tokex — What’s At Stake?

Published by
PR Manager

Staking refers to the process of locking up crypto assets for a specific period to support a blockchain’s operation, with the reward being an additional cryptocurrency. Proof of stake consensus mechanism is common in many blockchains where participants validating new transactions and adding new blocks are required to “stake” a predetermined sum of cryptocurrency.

By staking, only authentic transactions and data are added to the blockchain, and participants offer sums of cryptocurrency in staking to have a chance to validate new transactions as a type of insurance. Correctly validating legitimate transactions and data would earn them more crypto as a reward.

How Does Staking Work?

Staking tokens helps in maintaining the proof of stake blockchain stable. It involves locking up assets and actively participating in network validation. Moreover, getting started with staking is straightforward, as most exchanges like Tokex offer staking services.

Staking provides an opportunity for cryptocurrency holders to earn through rewards. This would not have been possible without staking, making it a valuable feature of cryptocurrency tool.

It also allows you to support the blockchain projects you believe in. By staking your funds, you contribute to the blockchain’s efficiency, making it more resilient to attacks and enhancing its transaction processing capabilities.

What’s at Stake When Staking Crypto?

Staking your tokens typically involves a locking period that spans from weeks to months, depending on the program. You will only be able to cash out once locking period is over. Furthermore, it may take you some time to find a buyer and a lender in the market. 

It cannot also be ignored crypto’s volatile nature. These digital assets is known for their significant price swings. On the bright side, a sufficient amount of research can help you avoid losses, mitigate risks, and allow you to get the staking platform’s high returns. 

Staking with Tokex

Currently, there are six staking pools available on Tokex, which involve Tokex (XPL) and Tether (USDT)

Tokex (XPL)

Pool Annualized Return Lock Period
Pool 1 1.8%182 days
Pool 2 4.4%365 days
Pool 3 50%720 days

Tether (USDT)

Pool Annualized Return Lock Period
Pool 1 24%720 days

You can start staking your crypto on Tokex here

TwitterInstagramLinkedInExchange

PR Manager

Press release about recent ICOs, announcement from startups, new cryptocurrency launch by firms and unlike.

Recent Posts

Ripple CEO Hints XRP Could Match Bitcoin’s Price

The crypto market is starting the week with a slight pullback. XRP is currently trading…

April 27, 2025

Altcoins Season Ready For A Major Comeback, Says Crypto Experts – Here’s When

Since 2021, the crypto market has been waiting for another explosive Altcoin season, where prices…

April 27, 2025

Pi Network News: Crypto Expert Predicts an Explosive Pi Coin Rally – In This Event

With the Pi network coin price has been consolidating between $0.53 to $9.69 over the…

April 27, 2025

Bitcoin Price Prediction Today: Next Target $130,000

Bitcoin is currently trading near a critical resistance zone around $94,250, a level known as…

April 27, 2025

Pi Network Suspension: Banxa Pulls Back on Pi Coin as Binance Listing Criteria Offer a Glimmer of Hope

After hitting a record low earlier this month, Pi has been trading between $0.60 and…

April 27, 2025

Was Jed McCaleb’s Exit from Ripple a ‘Breakup’ or a Brilliant Strategy? Find Out!

Jed McCaleb’s departure from Ripple in 2014 has long been the subject of speculation. Many…

April 27, 2025