Staking Program on Stage 2
First of all…
We want to talk just a little bit about the staking program o Genius Assets.
On the 26th of October, Stage 2 of the X-Staking ERA Program is LIVE for 118 days.
The 1st Stage of the Staking Program has ended with almost 3 million $IUX staked.
That means that you got a second chance regarding this concept. And why not give it a chance if you missed the 1st Stage?
You still have $IUX in your wallet and don’t know what to do with them. Why not stake them and get rewards afterward? Easy $$.
X STAKING ERA has two programs available: Moon Program and Mars Program, with different APR and locking times, until harvest or free unlocking.
If you are not sure what to do, you can enter staking.genius-assets.com and use the REWARD CALCULATOR and see how much more you can win. It’s up to you!
Second of all…if you are new to crypto, here is a short explanation of staking, just to understand better this concept.
What is staking?
You can “stake” some of your cryptocurrency holdings in order to earn a percentage-rate reward over time, provided that the cryptocurrency you possess permits it- as $IUX does.
Your cryptocurrency generates rewards while being staked because the blockchain uses it. Staking-enabled cryptocurrencies use a “consensus technique” called Proof of Stake to guarantee that all transactions are secure and confirmed without the involvement of a bank or payment processor. If you decide to stake your cryptocurrency, it joins that operation.
What benefits does staking offer?
Many long-term cryptocurrency owners view staking as a means to put their holdings to use by producing rewards rather than letting them sit dormant in their wallets.
Staking also helps the blockchain projects you support by enhancing their effectiveness and security. You can increase the blockchain’s security and transaction processing capacity by staking some of your funds.
What threats are when staking?
Staking frequently necessitates a lockup or “vesting” period during which your cryptocurrency cannot be transferred. This can be a disadvantage because even if prices change, you won’t be able to swap staked tokens during this time. It is crucial to familiarize yourself with the individual staking standards and regulations for each project you are considering participating in before staking.
How can I participate in staking $IUX?
It’s simple, go to staking.genius-assets.com and follow these easy steps from our previous article:
https://geniusassets.medium.com/how-to-stake-your-iux-6fe268c0ff08
Until the next article, don’t forget to subscribe to our OFFICIAL Telegram Announcement Channel and our Official Telegram Group, where we post every day new details regarding the project.
