Caesium (CSM) is the newly launched blockchain platform that provides its users and clients with multiple applications that work on consensus algorithm principles. Time Blockchain which is powered by Caesium is able to give its users to stake CSM that they have in their wallets.
Staking isn’t a new idea, and it has been available since the 2nd generation blockchain for a long time now. In simple words, staking is the way to earn extra rewards whilst holding a certain amount of cryptocurrencies. You can easily stake up your CSM holdings by using Caesium’s wallet and earn a percentage rate reward over time. Staking Caesium is similar to your funds in your bank account in which you will get interested against the amount that you have saved.
How Staking with Caesium Earns You Rewards?
By simply holding CSM, the buyer becomes an important piece in the network’s security infrastructure and will be compensated accordingly. The main reason for your crypto staking is to earn rewards and this staked crypto is put on the Time Blockchain using the consensus mechanism, also known as Proof of Stake (PoS). With PoS, your CSM staked will help in ensuring the transaction’s verification in Time Blockchain. When you choose to stake your crypto, you become a part of the process of verifying and securing the network thus, you earn CSM reward from it.
Benefits of Staking using Caesium NFT Tokens
An NFT can be used to represent both digital and physical assets. With the use of Caesium tokens, one can easily purchase NFTs that are present in a game or in the online art exhibition, which is becoming quite famous in recent months.
In addition to this, with the help of staking, a user contributes to the security and the efficiency of the blockchain on which you are working. With the staking of your crypto, you are making the blockchain more resistant to attacks and allowing the blockchain to strengthen its ability to process crypto transactions.
Why should You Start Staking & Invest in Caesium Tokens?
If you are holding some amount of cryptocurrency in your wallet and are not looking to invest any time soon, then the right question is why you are not investing in staking? You are already well known about the type of asset and its market value anyway, so what is stopping you from getting some extra rewards for free?
On the other hand, the Caesium tokens are transparent and secure. Thus, it allows community compliance while still giving the owner of the token the independence they need to make a purchase.
In addition, there’s no governing authority; the whole system works on decentralization.
Moreover, the network can be easily scaled up according to the requirements, and online gaming competitions can be held in a matter of minutes. As a result, it has a much faster monetization system.
Lastly, if you are a gamer, you should participate in the Caesium staking program with a minimum purchase of 50 USDT, you will receive 333.33 CSM and earn an additional 35% for staking it for 120days. At the end of the 120days staking period, 450 CSM will be credited into your wallet. All you need to do is play the games in the network and earn more CSM while the staking is generating more returns!
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Topic: Everything you need to know about Staking (Read 57 times)
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