What is staking? How is staking done?
Assalamu Alaikum
When we deposit money in the bank, the bank gives a specific time, like we cannot withdraw the money within 1 year, after 1 year we can withdraw the money with interest.
If you keep Crypto within 1 month to 1 year under Locked Staking rules, then you cannot withdraw Crypto until the time is up!
Locked Staking You can lock with a specific time if you want!
Then they will give you interest, maybe they will give you daily interest! I do not know the right!
Let's know what Flexible Staking is?
This staking has no rules! Locked Staking After staking you need money urgently, you can't withdraw your Crypto even if you want to!
But flexible staking rules are different. Here you can withdraw your Crypto at any time and get Main Crypto together with your profit! However, Flexible Staking Profit is very small because you will remove your Crypto at any time, so even if they want to, they cannot use your Amount in any case!
Let's know why interest is given to us when staking!
Some cryptos launch staking events to increase their holding/investors, such as flexible staking, locked staking. When you do $100 locked stake for 1 year, your crypto is used in other fields! Then the profit from there is given to you and the company takes! You also benefit from this. Crypto benefits because this coin is held for a long time.
Why is it forbidden? Since you are not losing here, and when we put money in the bank, we get monthly interest, exactly the same as staking, they also give us interest daily or monthly!
Muslims hope to do a little analysis on the issue of staking!
Source
I hope you understand, how did you feel, please let us know in the comments!
I'm finishing here today, I'll see you again inshallah!
May God bless you all
Staking is important in crypto assets. It's give us passive income. Thanks for sharing
You did friend in taking the time to educate us on what staking is and helping us to see how exactly it is done, kudos 👍
Tnx
Staking is very important for every investor. By staking any coin everyone can earn a good profit.
Such an informative post. So nice article...
It is a great content you have shared. There are lot of information to know.
Staking is a good way to earn a passive reward in Crypto market but it is important to choose the right and reliable platform where we can keep the crypto. Undoubtedly it's a great option for the holders to generate some revenue by doing nothing and justice by holding.
Staking is quite important to blockchains as it helps to improve the security and at the same time reward users.