While some market experts argue that cryptocurrencies lack the ability to generate crypto rewards, the reality is that users can indeed earn passively through staking and crypto rewards programs. You can maximise your yields as soon as you understand the concepts of staking, crypto rewards programs, and the importance of selecting a suitable crypto exchange.
Staking involves locking up a certain amount of cryptocurrency in a compatible wallet to support the operations of specific blockchain networks. By doing so, participants contribute to the network’s security and consensus mechanism, and in return, they earn rewards. These rewards typically come in the form of additional tokens from the network. Compared to trading, staking provides users with a more predictable stream of crypto rewards.
Tokex, an up-and-coming centralized crypto exchange, offers multiple staking programs that allow users to grow their crypto holdings by up to 36% per year. Here are the staking pools that you need to know of:
| Staking Pool | Annualized Returns | Locking Period |
| 1 | 50% | 720 days |
| 2 | 1.8% | 182 days |
| 3 | 4.4% | 365 days |
| 4 | 50% | 720 days |
| 5 | 36% | 360 days |
Before embarking on a staking journey, it is crucial to conduct thorough research. Understanding the fundamentals of the cryptocurrencies supported by the staking pools on Tokex is essential. Analyze the underlying technology, development team, and community engagement to evaluate the potential for growth and sustainability. Additionally, consider factors such as the historical performance of the staking pool and the rewards structure to make an informed decision.
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