ALL IN ONE – LYFCOIN ERC-20 STAKING PLATFORM.steemCreated with Sketch.

in #wisdomcity4 years ago

Introduction.
For those that are new to cryptocurrencies and blockchain technology and the new way of earning rewards from your capital it is very important, I explain staking which we referred to as proof of stake.
Staking is an act of investing in a coin or cryptocurrency by buying those coins and hold them in the wallet for a period of time with the aim of earning rewards. Currently, we have about two ways of generating or mining coins and there are proof of works and proof of stake. Many miners especially those that have invested a huge amount of money in the past on buying cryptocurrencies’ mining tools and equipment without gaining much are now moving to stake. We have many staking coins now because this way of getting a coin is far less expensive than when millions of dollars were spent on equipment and electricity.
Since Sunday King and Scott Madal wrote the first whitepaper on staking as another way of creating consensus instead of using mining tools and equipment in 2012, we have seen many projects especially some of the first 100 coins according to coinmarketcap.com adopting staking mechanism. Coins such as Ethereum, Neo, Eos, and BNB are using proof of stake in making consensus on their blockchain. It might interest some of us to know that many investors are earning multiple streams of income why they are at sleep from staking.
Lyfcoin Staking platform.
Lyfcoin, has developed a good idea that meanly having rewarding investors at heart. It seems to be one of the best ideas on staking. Using lyfcoin platform, you can stake all the erc-20 tokens in one platform. This enables many people that have in mind to invest in fewer risk platforms on cryptocurrencies to earn huge rewards without having in-depth knowledge of coding, technical or fundamental analysis, order book and demand, and supply sentiment. You just need to put a few dollars on the platform and began to earn those tokens as rewards of lucked them in the wallet.
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Why you should invest in staking through Lyfcoin platform.

  1. Lyfcoin has the experience and excellent team that manages “the state of the art servers” this experienced team involved constantly in staking. Their duty is to monitor the process of distributing earnings to the investors on their platform. This is not common in other staking platforms I have used.
  2. With lyfcoin platform, you did not need to study all the erc-20 tokens before investing in them as the are well researched by the lyfcoin’s team of experts and they are happy in sharing this information with their clients before any other person. I have tried to invest in some coins but because everything is so technical I could not do that but with lyfcoin platform it is easy and the system is built with clients at heart.
  3. One of the best and fastest way to make big profits in cryptocurrencies is by buying and holding. Lyfcoin platform enables investors to get coins and hold them in the wallet, by so doing they will be making great gains if those coins are in bullish condition as they will make both earnings from the performance of the coins and rewards from staking. Some of the erc-20 tokens have made over 10x in the past in just a few days and any platform that encourages clients to keep holding will make them rich in no time.
  4. Lyfcoin among other staking coins is highly secure and you can keep your coins in the wallet without fear of Hackers or scamming as it is decentralized. Remember that in the decentralized blockchain you are your own bank. You have full control of your investments.
  5. Lyfcoin has a top-level wallet that has private keys. The customer funds policy of lyfcoin makes your funds to be secure and safe.
  6. In conclusion.
    Lyfcoin Staking platform team has you in mind when developing their platform and I believe that it is a one-stop place when you have a desire in investing into cryptocurrencies especially staking. I believe you will benefit more from staking by using a platform that is profitable and have the investors in mind. Like I have said before “among staking platforms in have used in the past, lyfcoin is better because of how flexible it is”. We have many platforms that only select one erc-20 token and focus on their project alone but lyfcoin allows you to invest in other projects and earn rewards.
    I am happy to understand this platform and share my thoughts on it with you. Kindly comments below if you find this article useful.
    You can visit or connect with lyfcoin platform through the following links:
    Website - https://www.lyfcoin.club/
    Facebook - https://www.facebook.com/LYFCOINOFFICIAL/?ref=bookmarks
    Telegram - https://t.me/OFFICIALLYFCOIN
    Instagram - http://bit.ly/2K1OGkL
    Whitepaper - http://bit.ly/2pQvNKL
    Twitter - https://twitter.com/LYFCOINOFFICIAL
    Author's USERNAME; Arpon.
    “A sponsored article written for a bounty reward.”

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