Topic: Always do Some Research Before You Start Staking - page 2. (Read 352 times)
You should first be careful in choosing which coin before staking. I have tried investing some tokens that are not worth actually, buying them for more than $1, and then the price today is just $0.07. There are hundreds of them to be trapped and while they do promise just about anything, there is a list to trust the CMC list which right on top of the list is the ones you should just try. There's SOL, Matic, and even ADA.
Usually new dapp project giving crazy APY reach almost 50,00% but have bigger risk with coin price dump and become scam, I don't believe anymore with dapp exchange listing only and prefer looking for on Binance as safety staking coin, although with lower percent profit giving I keep use coin have listing on binance for Staking, now I try get much money and save in fund to stake AXS coin, hope when my saving reach almost $30,000 get axs coin have lower price maybe under $70 and good investment with AXS coin staking or try to investing.
There are a lot of great staking platforms out there, but there are also many shady ones as well. Really, just like with anything else in this space make sure to do your research before you start staking.
As long as people are only using reputable sites and they will be fine. The problem is sometimes a new platform was offering non sense APY like 6000% APY and this makes newbies blindly put their money on such platform.People must be careful with any platform that was offering non sense APY. Sometimes when the coin didn't have a good progress and it can also become another disaster for the stakers.
I agree, when you do the research there are clear signs of terrible projets when it comes to staking. For example, 5 to 6 figures APYs are currently related to stakings that aren't sustainable over time, as it has happened with several projects over the last months. Also poor community engagement is a bad sign.
I personally like staking stablecoins.
I personally like staking stablecoins.
As long as thr source code is safe and the vault are well audited gladly will park some of my tokens on staking. But it rarely to do a staking on their own except those high valuation project since its kinda scary that it might got compromised. But doing staking is really a good way of scalping without thinking of any technical parameters like on trading. If you are a busy person then staking is your cup of tea rather do a time consuming trading.
We really need to research more deeply especially if investing in the Proof Of Staking project. Because POS is very suitable for the long term, although the investment is not as difficult as POW but the profit is very hefty, usually based on the capital we plant we will get in return from the blocks.
For me, staking is a long-term savings and requires quite detailed research so as not to lose, it's true as you said, risk is unavoidable, there must always be risk in every action in investing, so here we research the risks that will be faced if we staking
Actually the Proof Of stake system is still very profitable, but I think this concept is starting to be forgotten. Now, we've very rarely seen a project that carries the concept (POS). Modern this concept is replaced with DeFi which is farming. Where the system is almost the same as staking only have to put funds with a fair of 50:50 with a firmer result based on APY and Pool.
Staking is like long term investment so research is important. If you invest, you will be able to sell your coins anytime. If you invest and use coins for staking, your coins will be locked so it is a second risk.
There is alternative for staking, that is bond. With bond, you will be able to claim your reward according to bond vesting terms.
They have common risk, risk of inflation and risk of price fall when you are staking or vesting.
There is alternative for staking, that is bond. With bond, you will be able to claim your reward according to bond vesting terms.
They have common risk, risk of inflation and risk of price fall when you are staking or vesting.
There are a lot of great staking platforms out there, but there are also many shady ones as well. Really, just like with anything else in this space make sure to do your research before you start staking.
Research is a must that you must do before making a decision, including when you decide to stake. Indeed, in simple terms, staking looks very fun, because it is enough to earn money just by holding. However, you should consider the long term potential of the coin. you have to think, how about the future, when you have chosen a coin to stake, the longer the coin/token it will disappear from circulation/or they will survive with innovative technology or not. This is the reason why you need to research before doing staking.
Then, you mentioned a staking platform which in my opinion, you will use a 3rd party for staking. It will be more dangerous if you choose the wrong platform. Because, when you choose a platform that turns out to have no long-term goals or intends to scam, then the assets that you have sent to the platform's wallet will also disappear.
A lot of people don’t tend to stake their tokens, but you should keep in mind that staking is a great way to help out your community. Staking tokens on proof of stake networks makes you a delegator, and as a delegator you can directly help make your network safer.
There are a lot of staking platforms and validators out there, and as a delegator your stake helps decide which validators are validating the blocks on your network. Before you start staking though, make sure you get information on which staking platforms are available for your network. Once you have all the information on the staking platforms participating on your network make sure to pick the best ones, for example: I found Cosmostation and pStake are probably the best staking platforms for Cosmos.
There are a lot of great staking platforms out there, but there are also many shady ones as well. Really, just like with anything else in this space make sure to do your research before you start staking.
There are a lot of staking platforms and validators out there, and as a delegator your stake helps decide which validators are validating the blocks on your network. Before you start staking though, make sure you get information on which staking platforms are available for your network. Once you have all the information on the staking platforms participating on your network make sure to pick the best ones, for example: I found Cosmostation and pStake are probably the best staking platforms for Cosmos.
There are a lot of great staking platforms out there, but there are also many shady ones as well. Really, just like with anything else in this space make sure to do your research before you start staking.
Good for the stakers, but I am not fond of staking. Aside from personal issues I really have no intention of staking whatsoever tokens that I have. I'd better hold the coins in my wallet and just increase them whenever I had the means. You know when times you really the coin, it somewhat unavailable and locked, also some staking wallets are shady, whenever there are pumps going on, maintenance comes and you can't even touch or trade the coin.
A lot of people don’t tend to stake their tokens, but you should keep in mind that staking is a great way to help out your community. Staking tokens on proof of stake networks makes you a delegator, and as a delegator you can directly help make your network safer.
There are a lot of staking platforms and validators out there, and as a delegator your stake helps decide which validators are validating the blocks on your network. Before you start staking though, make sure you get information on which staking platforms are available for your network. Once you have all the information on the staking platforms participating on your network make sure to pick the best ones, for example: I found Cosmostation and pStake are probably the best staking platforms for Cosmos.
There are a lot of great staking platforms out there, but there are also many shady ones as well. Really, just like with anything else in this space make sure to do your research before you start staking.
There are a lot of staking platforms and validators out there, and as a delegator your stake helps decide which validators are validating the blocks on your network. Before you start staking though, make sure you get information on which staking platforms are available for your network. Once you have all the information on the staking platforms participating on your network make sure to pick the best ones, for example: I found Cosmostation and pStake are probably the best staking platforms for Cosmos.
There are a lot of great staking platforms out there, but there are also many shady ones as well. Really, just like with anything else in this space make sure to do your research before you start staking.
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