Crypto staking; the whole idea is to maintain the circulation and utility within the ecosystem; when traders earn passive income from their idle assets, they would have no needs considering selling off their holdings.
Now here is it, I got asked this question a while ago, and here?s how it works.
Most CEX or DEX rewards you for holding their tokens and after the expected period of time, you get rewarded with APR, most times between 2 to 3 working days after staking.
Recently, I?ve heard traders talk about staking BGB to earn trending airdrops, but I?ve got problems having this tokens considering the price of this token close to $5, so it?s nearly difficult for retail traders like me.
Though I came across a spot trading competition with 80k BGB in prize pool and it?s the phase 5 but I don?t know how accessible that is to small traders like me.
If you know better, please I?m interested!
Linkback: https://www.forex.zone/general-cryptocurrency-discussion/32/while-i-wait-for-the-bullrun-traders-do-this-instead/4761/
