Staking and investing in ICO | 10% to tron-fan-club |
Staking
This is a kind of analogue of a cash deposit, but in this case, you open an account in cryptocurrency. Staking is often times reffered to as a bank deposit. Only the level of profitability here is much higher. The amount of monthly profit can reach 3%. To do this, it is enough to transfer the cryptocurrency to a special exchange account. Since the exchange is trying in every possible way to increase its capital, it is ready to share with you a part of this profit.
.jpeg)
As a result, the user receives a good source of passive income, which becomes a serious plus. Also, unlike mining, you do not need to purchase special equipment. Of course, staking also has its downsides. Here is the minimum yield for the crypto market. In addition, there are risks of closing the exchange, as a result of which you lose your money.
Therefore, it is necessary to seriously approach the choice of the exchange. It should be a reputable and safe place. Staking can be done by both beginners and experienced users. Specific staking returns are determined by the cryptocurrency you use. In some cases, the profit may be insignificant - up to 20% per annum, in others - much higher.
investment in ICO
The term ICO has a marketing component. Perhaps the creator wanted to do something like an IPO, but for the crypto market. However, the name ICO (Initial coin offering) does not accurately reflect the essence of the process. There is no emission of coins, so it is more appropriate to talk about tokens here - a unit of information storage. It is tokens that are issued to the exchange, and only then does the cryptocurrency itself appear. This approach was devised to avoid some legislative complications.
During an ICO, a new cryptocurrency is released. This is usually associated with a project. For example, a company decides to start a new business. For this purpose, it needs funds that are raised through the issuance of cryptocurrency.
.jpeg)
Investors are willing to invest in it, because they are sure that after entering the exchange, these digital coins will rise in price. Or the company itself will buy the cryptocurrency at a higher price. Specific conditions become known at the time of issue.
When buying tokens, you can count on their price going up. You can also perform operations within the system with the help of tokens. For example, you pay for the products of the company that issues these coins.
This way of earning is characterized by the following features:
- good prospects;
- high degree of profitability;
- potential risks.
Earnings on ICO opens up great prospects for both investors and creators of a new cryptocurrency. During the implementation of some projects, the token has risen in price many times over, and in some cases even up to 500 times.
However, with this method, there is a danger of running into a dubious project. In addition, even the most promising idea can be successfully implemented at the beginning, and then turn out to be useless for authors and investors.
You've got a free upvote from witness fuli.
Peace & Love!
Yeah, that's right, my friend.
Thank you very much for providing this information to all of us.
Team SEVENGERS have noticed some suspicious activities in your achievement 1 post. Now we are asking who is managing this account. We are suspecting content farming with this account and it is evident that you are not the person publishing this category of posts at your age.
Who is managing this account? The team awaits your response.
My aunt who is into cryptocurrency helps me withthis type of content.
Your aunt has been writing with this account since its creation. Is she on Steemit? If yes, what is her username.
Meanwhile, there's a community for kids here on steemit @steemkids. You are encouraged to join this community and participate in the activity of kids.