Staking Midas Token, A New Way to Stay Profitable During the Bear Market

in #cedefi2 years ago (edited)

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Disclaimer: This content is for informational and educational purposes only, NOT INVESTMENT ADVICE. Everything related to cryptocurrencies carries risks, so you should do an in-depth analysis before taking action. DWYOR

Currently, as of late 2021 ATH at $68,000, Bitcoin has lost 60-70% of its value. This affects the crypto market in general. During a typical bear market, there are some strong traits: supply is higher than demand, market confidence is low, and prices are in a downtrend.

Bear markets often discourage traders or investors, but this moment can also be seen as an investment opportunity to purchase at a lower price than the bull market phase. But you have to be prepared for all the risks. For those of you who want to walk with little risk, and easy for beginners, it's a good idea to try staking.

Staking is now quite popular in the cryptocurrency world. Staking is one way to get additional income and even passive income for crypto users. This method is also easier for beginners who may find it difficult to trade because they do not understand the market analysis, both technically and fundamentally. Staking can be done independently, using a staking pool, or the easiest way is through an exchange or platform that provides this service.

Staking on a trusted platform is the easiest way because you only need to deposit a number of crypto assets and staking will run automatically, and be prepared to get passive income every day. This way, you don't have to worry about doing market analysis, or getting caught in an erratic bear market vortex.

Staking Crypto Assets at Midas.Investment

Midas.Investment is a crypto investment platform where you can earn passive income by staking various cryptocurrencies which developed in 2018 and aim to bridge the gap between centralized (CeFi) and decentralized (DeFi) finance. This is a unique feature that sets it apart from similar platforms. In one of its articles, Cointelegraph mentions Midas.Investmen is one of the current CeDeFi custodial crypto-investments.

In short, CeDeFi combines the functionality of DeFi innovations (such as staking) with the security and trustworthiness of CeFi. This combination can optimize the yield process by facilitating the mechanism across the blockchain network so that it can reach a wider range of users. For a more complete explanation, you can watch the following video.

At the time of writing this article, Midas has approximately +7,000 customers with +$200M in assets under management. Back to staking crypto assets at Midas.Investment, you can choose from more than 20 digital assets to stake. They include BTC, ETH, BNB, MIDAS, LINK, BUSD, AVAX, among others. You have the opportunity to earn between 7 - 20% return on investment every year. The unique thing about this platform is its APY rate, and the rewards are added every day. In addition, you have the opportunity to earn an additional bonus of between 2 - 4% if you choose to invest with the Midas platform native token: MIDAS.

How much you can earn?

Midas.Investment offers one of the highest APY for stable investment schemes in today's crypto world. How did it happen? In short, This is because of its unique investment strategies, including staking, decentralized finance and algorithmic trading. They are also trying to have an attractive mechanism to maintain as much APY as possible amidst market fluctuations.

Like one strategy that offers Automated Portfolio Yield (YAPS) ​​in two ways, YAPS DeFi and YAPS Stable. This strategy enables the best performing cryptocurrencies in the crypto world and places them in the investment basket.

So, every month there will be a rebalancing where some of the profits are taken from the best performing coins in the basket and used to reinvest in the worst performing coins, equalizing in value and rebalancing the basket once again. So high levels can be maintained as much as possible. You can get the latest info on this on their blog

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Stake MIDAS token and Earn 27.4% APY

That's right, as I mentioned earlier, MIDAS staking allows you to earn more than other assets, you have the opportunity to earn up to 27.4% APY. This is a quick way to increase your portfolio.

The Midas Token is the native Token of the Midas.Investment platform supported by the Fantom Opera Network with a total supply of 5,000,000. If you're interested, you can get it by swapping on their official platform or buy it directly on DEX: SpiritSwap and SpookySwap.

To get to know Midas Token more deeply, you can read the review in my post on Twitter below. https://twitter.com/jumailcrab/status/1558200189433053184

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In addition to the large profit value offered by staking Midas Token, you are also free to choose other profit options with different percentages for each crypto asset. Please choose which one is your favorite: Catalog Assets

3 Easy steps to start staking MIDAS token

There are three easy steps to start staking MIDAS tokens after you sign up (using a Discord or Gmail account)

  1. Make a deposit
    You can choose from more than 20 crypto assets supported on the platform
  2. Open MIDAS' token share
    Within the MIDAS token share, click “Swap”
  3. Make a swap
    Swap your crypto to MIDAS token and start earning 27.4% APY

You can find other steps such as how to swap and withdraw, which are more complex with picture instructions here

What makes staking at Midas.Investment different from others?

I summarize some of the important things that make Midas.Investment full of potential to help us continue to earn in a bear market
✅ A wide range of assets available
✅ Impressive high-interest rates
✅ Built-in swap feature
✅ All in one platform that supports many crypto activities
✅ It has multi-layer wallet security to maximize user asset protection
✅ Only charges network fees for withdrawing

On the other hand, although it is quite complicated to start with, I'm sure new users will be able to use this platform if they study it carefully. Hopefully in the future the development team can improve services so that deposits can be made with more choices.

That's my review, I hope it can provide new insights for you. When trading becomes difficult and opening a position carries a very high risk, you should start looking for other alternatives such as staking with less risk. By staking we can get passive income without the stress of having to monitor the market all the time. Each coin has a different staking reward, you are free to choose the coin you want to use for staking and consider the benefits and risks. The Midas.Investment platform gives you a wide choice of assets and offers great returns. Don't forget, say goodbye to "panic selling", because this is very supportive for those of you who want to invest for the long term.

You are interested? please learn more through their official page
Website
Discord
Twitter

Reference:
https://wiki.midas.investments/
https://cointelegraph.com/explained/what-is-cedefi-and-why-does-it-matter
https://bitcompare.net/best/crypto-staking-platforms#the-bottom-line

About me:
I'm just a crypto enthusiast who loves writing, cats and chocolate. my twitter

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