December 20, 2022, Limassol, Cyprus — The holiday season is finally here, and it’s the most beautiful time of the year. It’s time to show your loved ones how much you care for them and what they mean to you. But Christmas is also about festive meals, giving and receiving presents, and spending time doing what you love the most.
That’s why 1xBit has prepared something extraordinary to bring joy to players from all over the world. It’s a magical tournament of celebrations, kindness, love, and hope. Everyone is invited to The Xmas Toys’ Adventure.
What Is The Xmas Toys’ Adventure?
The Xmas Toys’ Adventure is a joyous slot tournament organized by 1xBit for this holiday season. Players are invited to take a look at the colorful presents cleverly placed under the Christmas tree and take one for themselves.
It’s a splendid occasion to share gifts with the valuable community, and 1xBit is waiting for you.
How to Take Part in the Xmas Toys’ Adventure?
Grab a cup of hot chocolate and get cozy because Santa’s sled has arrived bearing gifts. Log in to your 1xBit account or create a new one if this is your first time playing at this casino. You came at the right time.
The rules for the Xmas Toys’ Adventure are easy to remember. Play slot games from any of the dozens of providers available on 1xBit and collect points. It doesn’t get easier than that. 1xBit has partnered with the best game creators in the industry to ensure a high standard and security of all hosted slots. The promotional period begins on 20 December 2022 and ends on 12 January 2023.
Prizes
The prize fund amounts to 600 mBTC. Since this is a happy and special occasion, there will be many winners! 1xBit will reward 25 top-ranked players with Bitcoin as follows:
1st place – 130 mBTC
2nd place – 80 mBTC
3rd place – 65 mBTC
4th place – 50 mBTC
5th place – 40 mBTC
6th place – 25 mBTC
7-10th place – 20 mBTC
11-12th place – 15 mBTC
13-19th place – 10 mBTC
20-25th place – 5 mBTC
What Is the Difference Between 1xBit And Other Crypto Casinos?
1xBit is the best option for casino and sportsbook enthusiasts online. The site offers thousands of sports events, slots, live dealer and table games, online poker, and more every day. The registration process is anonymous and requires only an email address and a password to create an account.
All deposits and withdrawals are processed instantly and free of charge. 1xBit has no hidden fees! There are a multitude of wagering options and support for +40 cryptocurrencies. Fans of casino games can enjoy regular slot tournaments with cash prizes featuring top gaming providers. A big Welcome Bonus of up to 7 BTC is available to all new players who sign up. The offer is available for the first four deposits to 1xBit.
The year is coming to an end, and it’s time to collect some prizes with the Xmas Toys’ Adventure!
1xBit is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest
The orbs project is inching closer to the mainstream with two exciting announcements to close the year 2022. The Orbs token has just been added to the Orbit Bridge, an inter-chain communication protocol that connects 19 different chains, including TON (The Open Network).
In related news, Megaton Finance has announced Orbs as an official launch partner to its DEX-AMM on TON. The planned launch will take place in January 2023. The implication of these important partnerships is that Orbs token can be bridged to the TON blockchain now. Liquidity pools and swap functions are expected to be added soon.
Orbs Integration to Orbit Bridge
The use cases of Orbs token are set to increase significantly as the asset has been added to the Orbit Bridge. Coming from Ozys, a leading blockchain technology company, Orbit Bridge utilizes Inter-blockchain communication technology (IBC) to enable communications between heterogeneous blockchains.
The key attributes of Orbit Bridge include:
Sending cross-chain data (including assets) between heterogeneous chains
Trustless, secure multiple signature verification through decentralized authority
Fast, secure consensus process through the Orbit Chain, based on smart contract
According to verifiable information, Orbit Bridge has processed over $12B in total bridge volume. It also holds close to $200M in total value locked (TVL).
Orbit Bridge connects about 19 different chains and supports about 85 tokens. It recently announced support for The Open Network (TON). With the latest addition, Orbs tokens will become available on the TON Chain for the very first time.
Becoming an Official Launch Partner of Megaton Finance
Megaton Finance’s much anticipated DEX-AMM on TON will finally launch in January 2023, with Orbs Network being one of its official lunch partners. This implies that the Orbs token will be listed on Megaton Finance. It will feature in liquidity pools in addition to other functionalities.
On its path, Megaton Finance is committed to serving as a link between the TON blockchain and the DeFi ecosystem. To achieve this, it will also connect with Layer 1 chains like Ethereum. It will serve as the first autonomous financial protocol within the TON ecosystem, providing yield farming opportunities like swaps and pair deposits.
Megaton Finance will not be limited to being an Automated Market Maker (AMM). Rather, it intends to serve as a gateway to Web 3.0 by rolling out necessary upgrades and integrating with Telegram in the near future.
Orbs Solid Presence in TON
Orbs’ expansion to the TON ecosystem has just begun. It will certainly be solidified in the near future. As an L3 infrastructure, it will implement new use cases for protocols running on top of The Open Network (TON). Of course, the TON ecosystem has enough room to accommodate the exciting opportunities Orbs integration will bring.
Already, two important services that utilize Orbs’ technology has been launched on TON:
TON Minter– is the official tool for deploying Jettons (alt tokens) on TON
TON Verifier– is an open-source application for publishing verified source code for on-chain contracts on TON
It is only a matter of time before Orbs’ presence on TON becomes effectively solidified.
Wrapping Up
TON’s potential to advance the mainstream adoption of blockchain technology has never been in doubt. Orbs’ latest integrations with Orbit Bridge and Megaton Finance have secured an important place on the TON network. Orbs is likely to become a major contributor to the TON ecosystem, banking on its latest integrations and upcoming upgrades.
TRON DAO Ventures (TDV) exists to discover elite startups, invest profoundly, optimize strategically, then exit at an empowering moment.
The TRON DAO Ecosystem Fund intends to define decentralization, and TRON DAO recently announced the launch of TDV as part of that effort. TRON DAO has been actively seeking new development teams and startups interested in creating decentralized applications on the TRON blockchain. Existing projects built on other Layer 1 blockchains that have thriving communities and established MVPs are also desired. TDV was launched to support the best of both – the elite teams #BUIDLING in the TRON ecosystem AS WELL AS the proven projects able and willing to bridge synergistically into the TRON ecosystem. TRON DAO leaders believe in a decentralized, multi-chain future with seamless interoperability. For projects built on other Layer 1 blockchains, the chance to coordinate strategically for cross-chain functionality is ideal and will spur industry innovation toward mass adoption and recognition.
The purpose of TDV is to invest in promising blockchain-based startups, guide and collaborate with them, optimize their efforts, and then exit when the project team has been empowered for their next stage of growth. TRON demonstrated its commitment to decentralization in December 2021 when it transitioned to become one of the largest community-governed DAOs. Now, they hope to empower entrepreneurial endeavors with like-minded dedication. Their aim is to invest across a wide range of categories, all of which exist to develop blockchain-based utility via DeFi, GameFi, NFT, DAO, and Web3 experiences.
All applicants submitting to TDV will be reviewed on a case-by-case basis. While the deployment of funds currently averages between $100K to $250K USD per project, the TDV team is open to negotiating more significant funding deals when it’s deemed appropriate. The expectation for applicants is to have a long-term vision for TRON-based development with a strategic outlook toward benefiting other TRON projects as well as TRON users. The incorporation of TRON-based tokens, the inclusion of other TRON ecosystem dApps and tools, the integration of USDD, or the involvement of BitTorrent Chain would be a major plus.
An example of a “perfect fit” for TDV would be later-stage projects:
Built on any Layer 1 (including but not limited to TRON)
With a MVP, Testnet, or Beta ready
Past pre-seed funding already with $500K+ raises
Already with committed investors
Believing they would have strategic synergy with the TRON ecosystem
Already, 45 projects have applied for TDV funding and are under review. If interested, please use this link.
If there are projects looking to apply for funds that are at the pre-launch phase or at too early of a stage for larger grants, there are alternative funding opportunities through other programs in the broader Ecosystem Fund.
For more information and explanation about TDV, listen to the recent episode of the Around The Block Podcast, where TRON DAO leaders examined the purpose of TRON DAO Ventures and further explained the process of application and approval.
About TRON DAO
TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.
Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of November 2022, it has over 130 million total user accounts on the blockchain, more than 4.4 billion total transactions, and over $9.7 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. In May 2022, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which is the first time a major public blockchain partnering with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.
Fluidity Money, an innovative DeFi project that offers users the opportunity to increase their wealth while spending, is set to officially launch on the Ethereum mainnet. This will see the DeFi space embracing a new and innovative primitive that seeks to redefine the conventional spending approach.
Fluidity Goes Live on Ethereum
According to an official press release, the launch will be held on December 19, 2022. This will see the protocol’s initial release happening on the Ethereum mainnet.
Notably, the launch confirms the proper audit of Fluidity Money by Bramah Systems, Verilog Solutions and Hashlock. Prior to the launch, the protocol had already recorded up to 50,000 users while still in its testing stage, operating on both the Solana devnet beta and Ethereum testnet.
In addition to this, it appears that the protocol has already triggered interests from investors and firms following the unique design it features even before its official launch. Fluidity Money revealed it had received up to $1.3 million seed funding support from Multicoin Capital, Solana, Circle, Lemniscap, and others. More interestingly, it also received development grants from protocols like Compound, Solana, Polygon, Aave, Lido and RMIT Blockchain Innovation Hub, which amounted to about $100,000.
The announcement also revealed Fluidity’s plans to later switch to a multi chain incentive layer. Hence, Fluidity will first be released on Ethereum, but there’s also plans to launch it on the Solana, Arbitrum and Polygon platforms.
Fluidity Rolls out Unique Spend-to-Earn Initiative
Following its design, Fluidity Money is on a mission to provide a platform that re-shapes people’s approach to spending money. Hence, it has sought to introduce an incentive system that allows users to swap, trade and perform on-chain transactions with Fluid-wrapped assets, while they earn rewards in return.
Fluidity’s Founder, Shahmeer Chaudhry elaborated on the team’s vision following the launch of the protocol:
“Four or five years ago, everybody said DeFi could be the use-case that brings in a billion users to crypto – but it actually turned out to be NFTs and GameFi; At Fluidity, we want to gamify how people think about spending money, and our long-term goal is to re-shape how people approach spending.”
As a side note, Fluidity allows users to receive randomly paid yields and large dividends without the need to engage in complex activities such as lending, staking or locking up digital assets for a much longer period. However, they can earn rewards amountable to millions by simply performing everyday transactions, all thanks to Fluidity’s Spend-to-Earn protocol.
Medieval Empires is an elaborate, multi-player online strategy game set in what is now modern-day Turkey during the late 13th century. Featuring internationally acclaimed actor, Engin Altan Düzyatan as Kayi Tribe leader Ertuğrul Gazi, the game aims to provide a state-of-the-art Web 3.0 experience to the fans of the character/actor, gamers as well as blockchain and crypto enthusiasts.
The game is set in a passive PvE area and starts with players building towns while trading, fighting, and forging alliances.Medieval Empires offers several outstanding features,including multiplayer online strategy,play-to-own gameplay,persistent online world,community battles,physical & digital NFTs with utility and massive historic battles.
The land will play an integral part in the gameplay and the game economy, with numerous benefits for landowners.There are 6 tiers of land.They launched a land sale in September 2022. This exclusive feature allows users the first opportunity to enter the immersive world of Medieval Empires.
Recently, Medieval Empires raised $2.1 million in the first seed round. Led by some of the key opinion leaders in the space such as Evan Luthra, James Crypto Guru, Satoshi Stacker, Crypto King, and Davinci Jeremie,the successful funding round lays the foundation for Medieval Empowers to lead the mainstream adoption of blockchain gaming.
Medieval Empires, has partnered with Polygon Studios, an ecosystem builder owned and operated by Polygon, the leading Ethereum scaling solution onboarding millions to Web3. As part of the strategic collaboration, Medieval Empires is being built on the Polygon blockchain, allowing its players to enjoy an exciting Web3 gaming experience.
The team behind Medieval Empires is highly competent and vastly experienced in the fields of game development and blockchain technology.The projectis backed by Carl Runefelt, better known in the crypto community as The Moon. Other notable advisors to the project include Scott McCarthy, former CMO at Illuvium, as well as Justin Edwards, former COO of Decentraland.
According to public information,MEXC is one of the world’s Top 10 cryptocurrency trading platform. The core products include spot trading, leveraged ETF, futures, NFT Index, etc. MEXC supports more than 1,700 cryptocurrency transactions.
According to the report from Cointelegraph, in September this year, the liquidity of the MEXC’s Futures reached first place in the world, which is a conclusion based on analyzing the transaction data of the top 50 currencies ranked by market value. Just at the beginning of December 2022, the MEXC Futures business also achieved significant growth, and the average daily transaction volume increased by 1,200%.
Last week the cryptocurrency markets bled out another $40 billion, resulting in a drop of the total market capitalization of the sector from $870 billion to a bit less than $830 billion. BNB, ADA, DOGE and MATIC all lost more than 10% last week and these are only the coins that are in the crypto Top 10. Many more coins outside the Top 10 also ended the week deep in the red numbers. Nevertheless, as any other week, there are also coins that ended the week in the green. For ours Top 3 Coins to watch article, we have tried to correctly identify three such “gainers” of this week.
3. Celo (CELO)
Celo is a proof-of-stake blockchain platform that aims to push DeFi functionality and services to mass adoption. Because more people own phones than computers Celo focuses on developing a platform that is mobile device friendly. In addition, Celo puts a lot of emphasise on maintaining a very low transaction costs and maintaining sufficient scalability to facilitate higher throughput in the future. CELO, which is the platform’s native token can be used for staking but also functions as the project’s governance token. In addition, the Celo platform boasts with several stablecoins pegged to the price of various fiat currencies.
Celo integrates with LayerZero, the omnichain interoperability protocol
The Celo blockchain is an EVM-compatible blockchain, which means that developers that have built their dApps on Ethereum or other EVM-compatible blockchain could easily migrate to Celo and vice versa. However, since December 8, when Celo integrated LayerZero, Celo users can seamlessly access with dApps and liquidity from 13 other EVM-compatible blockchain and several more non-EVM compatible platforms.
This just in! 🗞@LayerZero_Labs live on Celo mainnet, connecting the Celo ecosystem to LayerZero’s 13+ EVM blockchains and other non-EVM blockchains.
The LayerZero is an omnichain interoperability protocol that allows for a user-friendly access to dApps across DeFi, NFTs, gaming, etc. by leveraging a low-level communication protocol. Furthermore, accessing these applications is has proven to be much safer with LayerZero as compared to usually used bridging solutions, which have often been exploited, resulting in a large hole in their digital wallets of its users. Through LayerZero Celo will be able to access a much larger userbase and channel in from a much larger pool of liquidity.
2. Toncoin (TON)
Toncoin (TON) is the native cryptocurrency of The Open Network (TON), a decentralized Layer 1 blockchain network previously known under the name of Telegram Open Network. While TON started out in 2018 as a proof-of-stake blockchain designed by the Durov brothers, the founders of Telegram Messenger, the development of the project has later been handed over to the open TON Community. TON is designed for lightning-fast transactions and known for its ultra-low cost and user-friendliness. A unique feature of TON is that the community can alter information in an existing block, allowing them to nullify unlawful transactions and protect the network from a potential 51% attack.
TON holders will soon be able to purchase anonymous phone numbers
The TON team has recently unveiled a new feature, which will allow Telegram users to purchase anonymous phone numbers with their Toncoins. In one of the recent updates the Telegram developers enabled users to create a Telegram account without a SIM card and log in using blockchain-powered anonymous numbers available on the Fragment platform. The feature is part of the team’s push for “ultimate privacy”.
The @telegram messenger team has launched the sale of virtual numbers with the prefix +888, placed as collectibles on the $TON blockchain.
The anonymous telephone numbers with a prefix +888 will be available as collectables on the Fragment platform, much like the Collectible usernames, which were launched by TON in November. Collectible usernames with less than 5 characters turned out to be a major success – do you think that anonymous telephone numbers will sell out as well?
While many of the most popular cryptos lost value last week, TON rallied up by more than 25% last week. In addition, the network’s native crypto, which is currently changing hands at a price of $2.60 per coin, is up by almost 45% in the last month and more than 73% in the last three months. With such clear long-term uptrend, it is only a matter of time when TON breaks above $3.
1. Ethereum (ETH)
Ethereum is an open source blockchain that pioneered smart contract functionality in 2015. The decentralized network operates in a fast, immutable, and trustless manner. Ether (ETH), which is currently the second-largest cryptocurrency by market capitalization, is Ethereum’s native asset. Although it can also be used as a medium for the transfer of value between different Ethereum addresses, it is more commonly used to execute various smart contracts. The Ethereum blockchain has enabled several blockchain-powered innovations, including ICOs, DeFi, NFTs, and DAOs. The Ethereum blockchain also hosts countless ERC20 tokens with different utilities – these include Exchange tokens (OKB, HT, UNI), DeFi tokens (LINK, MKR, COMP, SNX, etc.) and several stablecoins such as USDC, DAI, TUSD, and USDT. In September 2022 Ethereum network has completed The Merge and thereby transitioned from a Proof-of-Work to a Proof-of-Stake blockchain.
Shanghai update, which will enable unstaking ETH, is set to hit the mainnet in March 2023
Ethereum developers have recently reached an agreement on the roadmap for future network updates and highlighted March 2023 as the target date for the Shanghai update. Shanghai, which will be the first major update and hard fork of the Ethereum blockchain after The Merge in September, will implement the EIP-4895 proposal, which will allow ETH stakers to unstake or withdraw their locked ETH. In addition, the developers are also aiming to include a set of improvements to the Ethereum Virtual Machine and implementation of the EVM Object Format (EOF) in the Shanghai upgrade. However, this improvements are considered secondary with the primary focus being on withdrawals of staked ETH. Let’s remember that the first deposits to the ETH staking contract were enabled already in December 2020, meaning that the pioneering participants in the Ethereum’s new consensus layer have already had their coins locked away for more than two years. Furthermore, there are currently more than $18 billion worth of ETH locked in the Beacon Deposit Contracts.
The amount of ETH locked in the Beacon Deposit Contracts throughout last two years (Source: Ethscan.org)
As seen in the graph above, the amount of staked ETH has been raising almost linearly since first ETH stakers were onboarded in December 2020. This leads us to believe that enabling ETH withdrawals will only hamper further growth of the amount of staked ETH at the very beginning, because some stakers have the need to access that liquidity and will decide to withdraw, while it will have no significant effect in the long run. In addition, Ethereum developers are prepping to deploy another major scalability-focused upgrade in the Fall of 2023.
Small businesses contribute significantly to the overall economy of any country. Many of these businesses have already begun accepting cryptocurrency payments, and the added payment transaction option improves lead conversion and revenue generation.
We’ll be exploring how crypto payment gateways work and how Unbanked is leading the way with its unique solutions.
What Is a Crypto Payment Gateway?
Third-party payment processors that deal with digital assets and cryptocurrencies, primarily Bitcoin and Ether, are called crypto payment gateways. Service providers are critical to the current crypto landscape because they accelerate the global adoption of crypto assets.
Volatility had been a barrier to widespread cryptocurrency adoption among business merchants. This reduces the utility of cryptocurrency among users because even the most ardent crypto enthusiast has few options. This is primarily why crypto payment gateways are important at the moment, as they allow merchants to use cryptocurrency as a payment method without the need for crypto wallets or crypto-fiat conversion tools.
The most appealing aspects of digital assets for crypto traders are their novelty and high volatility. On the other hand, existing businesses may regard the same features as worthless. The primary reasons crypto is considered a risky business option are the rapid variation in their valuations due to volatility and legal status. However, things are changing, and they are changing quickly.
The mainstream acceptance of cryptocurrencies as a viable alternative currency is clear, with most countries lifting crypto-related bans. Some countries have even declared Bitcoin legal tender (El Salvador and CAR). Several leading countries have stated their intention to allow the use of cryptocurrency once a proper regulatory framework is in place.
Breaking the crypto adoption barrier with Unbanked
Unbanked is a global fintech solution built on the blockchain. By fusing traditional business, fintech, and banking systems with blockchain infrastructure, Unbanked increases the use of cryptocurrencies for everyday transactions and investments. It is founded on the idea that having access to and control over one’s finances are essential human rights. The business provides a range of highly personalized financial products that let the banked, unbanked, and underbanked design a financial experience that is as distinctive as their lives.
Recently, Unbanked and MasterCard announced their collaboration to offer card services that let users spend their digital assets through this authorized program. European citizens can register for a user account at Unbanked.com, deposit cryptocurrency, and, if accepted, receive a card to spend their digital assets.
Unbanked cardholders have access to 15 different cryptocurrencies, including BTC, ETH, UNI, XLM, and UNBNK, to fund their user accounts. The ability to convert cryptocurrency to fiat in real-time at businesses that accept cards is provided by a cryptocurrency-backed card issued by Moorwand. The card provides distinctive financial, payment, and cryptocurrency services that facilitate cardholders’ use of and access to virtual currencies.
Unbanked, founded in 2018, serves hundreds of thousands of customers and is financially supported by a community of investors who are also product users. Unbanked takes pride in its security, privacy, and compliance, and its platform is intended to accelerate the global adoption of cryptocurrencies.
Web3 brands such as Litecoin Foundation, Nexo, StormX, Stacks, and other leading crypto companies use Unbanked’s infrastructure. With this expansion, all Unbanked partners can offer their card programs to residents of the United Kingdom and parts of Europe.
The annual inflation rate of the US in 2022 is 8.3%, which makes this the best time to challenge this rising inflation and make some side money. Guessing how? You can stake crypto and gain interest on your idle savings.
But do you know about crypto staking and its benefits?
Crypto Staking: Its Definition
Crypto staking “shuts in or locks” a chunk of your available cryptocurrency for a definite time that contributes to a blockchain network. This side hustle strategy is great for many and has great rewards for people with a significant crypto value in their savings.
Crypto Staking: Its Operation
The PoS (Proof of Stake) is a consensus mechanism that verifies and secures the transactions without the need for a third party. When you stake your crypto, it becomes a part of the blockchain network, and the network puts it to work. Ergo, when validators lock crypto, they earn rewards.
Types Of Stake-able Cryptocurrencies
At the moment, cryptos with Proof of Stake can be staked. These are:
Ethereum (ETH)
Polkadot (DOT)
Solana (SOL)
Cardano (ADA)
Tezos (XTZ)
NEAR Protocol (NEAR)
But working with platforms like SmartCredit.io can allow you to stake SMARTCREDIT tokens and earn rewards within 90 days. With weekly staking rewards & gasless re-staking benefits, anyone can make a good side income.
Staking Crypto: Methods
Remember, not every crypto holder can become a validator. You should have a significant amount of cryptos in your account and an efficient hardware system with sufficient computational power to qualify as a validator.
With minimum barriers, the crypto industry has found better ways to use crypto assets. The other options available include:
Staking pools
Exchanges
Exchanges
These are easily accessible, making them a suitable option for crypto holders to stake crypto. Numerous exchanges like SmartCredit.io propose crypto staking services to their users. Each platform has a set of different rewards and perks. So, make sure you check them out before getting started.
Staking Pools
Staking pools is another option, where peers are responsible for exchanging crypto. As the word “pool” suggests, numerous contributors stake their crypto assets jointly. However, the caveat is – in spite of the fact that many people contribute to the joint pool, the crypto required to stake is less, with only a few rewards than that awarded to a validator.
Benefits of Crypto Staking
People often get concerned about the ownership of their cryptos. With crypto staking, your currency will remain under your ownership and safe throughout the process. Long-term crypto holders can gain rewards on their assets.
The reward you can gain is a percentage yield similar to acquiring interest on your savings account. This return percentage is different for each crypto. However, this number is mostly higher than the per-year percentage yields you can acquire from a conventional bank.
Staking also offers enhanced security and efficiency to your crypto projects on the blockchain. Staking a portion of your crypto allows you to strengthen blockchain while making it resilient to attacks.
Conclusion
Staking crypto is a fantastic opportunity that makes side income for people with crypto assets. The more crypto you stake, the better yield percentage and rewards you can achieve. Responsible crypto staking can be a very profitable source of income for you as a PoS holder.
It can be scary for small investors to find themselves in this swirl of bankruptcies and volatility now engulfing the crypto sector. To survive this prolonged market dip you don’t have to be the most sophisticated crypto owner – just follow our hard-won but simple adaption strategy.
3 Steps to Go Out of The Crypto Winter Safe and Sound
1. Only go in for investments that you can afford to lose
The bear will not be here forever — one day the market will bounce, as it always does, so buying the dip strategy may be enticing.
Remember that there are no guarantees in the crypto market — the exact price movements of particular currencies are unpredictable. The coin you believe in may rise and shine, but make sure that if it won’t, you will be a little upset and nothing more.
2. Get passive income
Harsh market conditions are not the reason to stop accumulating your capital. Choose low-risk types of investments – during the winter it is better to have a stable income than go right into the blizzard. You can consider yield farming, staking, or liquidity mining, but the safest option is to find a platform for hodling with a steady high APY that will allow you to grow your digital assets consistently and foreseeably.
Choose user-friendly and transparent platforms, where you can clearly see the number of coins you will get and the payout dates.
3. Become a bear
I bet you didn’t see that one coming, but yes. To overcome the bear market you should become a bear yourself. To be more precise, you need to copy their strategy for surviving the winter — hibernation.
You don’t actually have to sleep for months, but you should slow down, take a deep breath and minimize your crypto activity. Stop checking price charts again and again. Delete portfolio tracking apps.
Keep earning on crypto, but do it smart, not hard. Use crypto platforms that offer a wide range of functions for hodlers. Compound interest will satisfy your lust for constant income growth. Weekly payouts will help you stay calm seeing the influx of money you make from crypto doesn’t stop. A great example of such a helpful toolset is represented here.
Take your mind off trading: do some sports, meet a friend. At the end of the day, real wealth is not the one in your crypto portfolio, right?
