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1.) Research and choose 2 platforms where you can do Staking, explain them, compare them and indicate which one is more profitable according to your opinion. (Binace is not allowed)

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I want to first of all thank @imagen for this wonderful assignment about staking but before i start i want to point out some terms I wont explain in the assignment cause they are not part of it.

TERMS:
APR: known as annual percentage rate (APR), it is the returns one gets at the end of an investment yearly excluding
capital
BLOCKCHAIN: Group of information which are stored together and also linked together.
REDEMPTION TIME: it refers to how long one has to wait to get back a token he or she staked .During this period, he or she gets nothing for the staking

They say money should be made to work for one that has it. Rich people usually kept their money with banks where they are paid interests for keeping it . This can also be done in the crypto world through a process known as staking

What is staking?

This is the process of keeping tokens for a long term so that they can earn you tokens in return for keeping them . These can be done on staking platforms and work under an operation of POS where the amount of coins kept determines how much one earns . When you stake you are making your tokens available for the blockchain to use for forging of new blocks which generates tokens .
note: please note that not all tokens are stakeable . Coins like bitcoins are not stakeable but you can stake coins like : BNB, Tezos(XTZ), VeChain (VET),Neo (NEO), Cosmos (ATOM), Lisk (LSK)

Important things to know about staking

1. Works with POS
2. One earns from it
3. Tokens staked can’t be access through out the duration of staking
4. Staking improves the security and integrity of a blockchain cause the more blocks that is formed by a blockchain , the safer the blockchain
   Staking has platforms they work on and I would be listing some of these platforms and then show how one can use two of these platforms

HOW DO ONE STAKE

Coins are stored in wallets but stacking is done on various platforms like
1.Stake capitallink
2.Stake.fishlink
3.stakinglablink
4.stakewith.uslink
5.Binance link
6.kucoinlink
7.Abittraderlink
Among these platforms, i will pick two which I am familiar with which are KUCOIN AND ABIT TRADER

KUCOIN

Kucoin is one of the largest trading platforms with highest trading volume. Known as the people's exchange by many. It was founded in 2017, with their headquarters in Singapore. COINS which are stake able in kucoin is actually much making it a good feature of the platforms. the coins include OUSD, ANC, HYDRA,DOT, KSM, LUNA, LINK, ZIL, KCS, WAN, TRX, EOS,TOMO,LOOM and ATOM.
These tokens have various redemption periods and APR one gets from staking it.
How to stake on the platform
We will be using the app to show this example

1.create an account and login

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2.Click on staking

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3.You will see various staking options from Hot to Promotions. click on staking and then pick the token you wish to stake

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4.I would use hydra for an example , then put in the amount you want and then you are ready to go

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ABIT TRADER

This a staking platform i love so much. Created by Gauis Chibueze known to many in my country Nigeria as bitcoin chief. The platform enables you to stake the govern token of Abit network which is tatcoin where you earn 20% ROI yearly. Before minimum was 6 months and maximum was 12 months but with the recent upgrades they did , minimum is 12 months now. so let me take us on a tour through the site.
You can actually use either their site, their apps on iphones and android. I will be using an iphone to show the example today. You need to create an account with the site first to enable you use it and also transfer some tokens you plan to stake their. Abit trader actually allows only the staking of tatcoin so you can only use tatcoin. It actually serves as a wallet too

1.Download the app from either you play store or apple store. I have the app since i actually have a stake on the app

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2.open the app and login in your details. You will see the home page then click on wallet. scroll down and you see stake coinwith the 20% ROI i mentioned above near it.

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3.when you click on stake you see a short description about what staking on the platform entails and then if you really want to go through you click stake now!.

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4.Then you see option for coin to stake, you would only have tat coin option cause that's the only token the site supports. This is one of the reasons I don't like the app actually but its the only place you can earn tat coin, a token i love. so you click the duration you want with amount you plan to stake then click stake and you are set to go

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SIMILARITIES BETWEEN THE TWO PLATFORMS

1.They both support staking
2.They both give APR
3.They have nice user interface

DIFFERENCE

As much as both are used in the crypto world , there are some major differences between them :

DIFFERENCE BETWEEN KUCOIN ANDABIT TRADER

WALLET	EXCHANGE
It allows staking of more than one token	only tatcoin can be staked here
It has variable staking forms like fixed or flexible staking	It allows only fixed staking
trading takes place efficiently here	Trading cant be done on the platforms
Has wallet for variety of coins	stores only four tokenns, btc, eth, tatcoin and TATN
There is transaction fee when you stake	No transaction fee

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2.What is Impermanent Loss?

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Impermanent loss

In staking as much as one can gain , one can suffer losses. Apart from price changing due to volatility of price of tokens, the number of the token itself can change too. With the number of asset reducing, the price obviously reduces too. This kind of losses is called impermanent loss.
Impermanent losses refer to that change in amount of tokens from when deposited to current amount.
These losses happen due to people in the pool playing around with tokens in the pool by taking their own tokens out and putting them back in so as to take little profits from price movements of the tokens . These losses are actually temporary but if at the moment of these traders activities , you pull out your token, you lose the token permanently

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3. What is Delegated Proof of Stake (DPoS)?

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DPOS

Earning of tokens before was using the POW process before the POS system was introduced but like the world they always need to keep improving and this led to the creation of DPOS, an updated form of POS. POS is a process where people generate or earn tokens through stakes by forging of blocks . Note : in POS . You forge while in POW, they mine tokens .
DPOS is a type of POS where stakers choose or elect delegators which are also known as witness .
These witness are elected after they show interest to all the users in the platform and if the users find the witness suitable , they are given them their vote and they are elected as witnesses. These witness have to be really convincing to the voted .

These witness are now charged with validating the blocks in the blockchain and These delegators are required to be dedicated to their work cause when one does anything like miss forging when is his turn he is always punished badly.

DIFFERENCE BETWEEN DPOS AND POW

DPOS	POW
Only tokens are needed	Super computers are needed
High energy is not consumed	High energy is consumed
Cost of maintenance is low )	Cost of maintenances high
Witnesses are present	Witnesses are not present

Conclusion

In this assignment, I actually understood the basics of earning through staking and what it entails and I also learnt about proof of work (POW) , proof of stake (POS), and delegated proof of stake(DOPS) when researching about DPOS itself. I actually love the upgrade that came with DPOS cause it reduces cost , energy used in generating tokens while maintaining the decentralization feature. i want to thank @imagen for the lecture