BENEFIT OF CRYPTOCURRENCY PORTFOLIO STAKING

Hello to everyone in this wonderful community today and on this great platform at large. I greet you all in good spirit and I want to believe that we all are doing just great today and if so we give God the praise for the sustenance of life and good health.

I welcome you all to yet another great weekend amidst us all and I want to believe that we all had a stress-free week so far and on that note I hope we all have a blessed and happy weekend with family and friends.

Today I am here once again to continue the discussion regarding the topic STAKING IN CRYPTOCURRENCY. We discussed intensively about this topic where we managed to understand the concept STAKING and what it entails in the cryptocurrency world.

As such I decided to continue from where I stopped previously and today I have titled the discussion we are about to talk about as THE BENEFITS OF CRYPTOCURRENCY PORTFOLIO STAKING. On that note I urge us all to stay put and relax as I begin the discussion for today. I wish you all a happy reading!!

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Previously we had a brief discussion regarding what the word STAKING entail so for the purpose of those who are just joining us now I will like to give a brief recap regarding it for more emphasis.

We said that STAKING can be seen as a process by which cryptocurrency assets are kept and held for a long period of time by the owners of such assets. So staking cryptocurrency is a long term activity where digital assets are being kept for a certain period of time depending on the purpose of staking.

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With the little explanation above I believe we all are on the same page as the above explanation have given us an insight regarding today's discussion. Now it is expedient that we begin the discussion for today.

THE BENEFITS OF CRYPTOCURRENCY STAKING

We all understood that staking is a long term event and as such it takes a long time for one to unstake a particular asset if it has been staked. In no doubt there are some benefits that comes with staking of cryptocurrency assets in our wallet and I will be noting a few points as to how beneficial it is when one stakes his or her digital assets.

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AIRDROP ELIGIBILITY

Staking certain cryptocurrency that have partner with other new projects under the digital currency network gives cryptocurrency asset stakers an edge to certain cryptocurrency airdrop.

The new digital asset project can decide to reward those individuals holding the said digital assets they partner with and as such those holders of such assets may be rewarded at the end of the campaign regarding the new cryptocurrency projects.

On that note an individual can be eligible for airdrop unknowingly to such individual just by holding a particular digital asset as that can be use as a criteria for eligibility or that can be done in such a way to appreciate the individuals in the project community they have partner with.

INCREASE IN ASSET PRICE VALUE

Another great benefit that comes with staking cryptocurrency is that there is increase in asset value regarding the said asset which has been staked. We get to see that one there is a shortage in supply there will be an increase in demand hence the price of the particular asset will rise as though there is a short supply regarding such assets.

So staking cryptocurrency assets is a way of controlling price not to go beneath rather staking cryptocurrency assets increases the price value of the assets since the there is less circulation regarding such asset in the market.

With that we get to see a rise in portfolio prices as individuals would want to purchase such asset but may not find it that much in the digital market and when a particular asset is not much in circulation there would be an uptrend movement regarding price as demand rate supercedes the supply rate in the cryptocurrency market.

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CONCLUSION

Staking is indeed a good action that traders, cryptocurrency enthusiasts and other individuals in the digital market take as there are so much benefits that is connected to such action.

Just as I have mentioned earlier that staking gives us opportunities to certain cryptocurrency airdrop when they lauch as a result of partnership between the new digital currency and the digital currency an individual is holding.

Also it is a way to appreciate the price value regarding an asset. Staking cryptocurrency helps to limit the circulation regarding the digital currency and with that we get to see a new high whenever a particular asset is limited in supply.

Thank you all for having me today. I look forward to seeing you all in my next class.