The Nexty's update: new Smart Staking is available!

shevkaoo (26)in #nexty • 6 years ago

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This happened: today Nexty has made an announcement about release allowing new Smart Staking. This is a very expected update and we have seen a bunch of questions about the ability to join Smart Staking Program. The administration responded that it would be introduced as the first dApp being utilized on the Nexty Platform. Also, it was known that dApp would be operated on June 20th, 2018.

What is staking? Probably, you are a newbie in the crypto market and have no any idea what is staking. In fact, this is holding a digital currency in the crypto wallet for a set period and having interest on it. The value of such a reward depends on the length of the time that you have virtual coins on the wallet. Natch, the longer the period of holding crypto assets for staking, the higher the returns.

One of the most notable advantages of staking is no need to buy pricey mining equipment. All you need to do is buy currency and hold it in your wallet. Then you will just watch your wallet balance grows in value.

What is with the Nexty's Smart Staking?

The general and very popular question is whether Smart Staking is available to anyone or not? The fact is this program which is the part of Price Stabilization System can be used by initial investors only. But it will become available to everyone when NTFs are fully delivered. We remind you that now non-ICO NTY investors can join Smart Staking thanks to dApps release on the 21st of June.

Allow us telling some important information:

pool for Smart Staking is 4 million pNTY (1 pNTY costs 10 000 NTY). All the pNTYs that were distributed were added into Smart Staking Pool. That is the reason for why an initial amount fo pool for SS is 5 540 000 pNTY.
there are several types of staking with Nexty. Four kinds of staking period allow you making a decision how long you would like to hole your crypto assets for earning interests. You can be waiting for the result for 7, 30, 90 or 360 days. Thus there are different types of effect: short-term, middle-term and long-term.

Investors get the opportunity to multiply their digital coins thanks to the program. The only term for that is keeping a minimum amount of cryptocurrency in their wallet. The reward in form of expected currency units will be added to the investor's wallet automatically within a week after the finish of each staking period. You can get know the rules that regulate amount of tokens you can get by accepting Staking program:

Why the Nexty's team launches such a program? The reason for this decision was to create a monetary policy to regulate demand and supply. The organizers suppose that staking's rules would inspire investors who hold NTY tokens to make various financial operations to be more successful in the program.

You can stay up to the latest news of Nexty. All you have to do for that is following the Nexty's social media. Check it out and don't miss the next update! Also, we remind that the project's team is going to provide Technical Roadmap soon. Don't miss it!