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Nairaland Forum / Nairaland / General / Investment / Crypto Currency Investors Thread (3718878 Views)
The Metaverse Investors Thread / NFT Investors Thread / Sh!t Coin Investors Thread (2) (3) (4)
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Re: Crypto Currency Investors Thread by felzylix(m): 8:36am On Jun 11, 2021 |
ECGOD was called on this discord channel >>>> https://discord./ctZMHWzP5H yesterday. Shit did 10x overnight and still mooning ![]() ![]() ![]() Not too late to hop in https://poocoin.app/tokens/0x64f9dcd33d9f3a98407eef67ac8f60cd370961cf DYOR P.S: ECGOD has a very high redistribution rate (good for a hodl) and a good dev team. https:///eloncryptogod |
Re: Crypto Currency Investors Thread by felzylix(m): 8:37am On Jun 11, 2021 |
Samakus:https://discord./ctZMHWzP5H |
Re: Crypto Currency Investors Thread by smokey12345: 10:50am On Jun 11, 2021 |
hello Bosses in the house , pls check out this coin CHiliz... CHZ and give feedbacks 1 Like |
Re: Crypto Currency Investors Thread by Mumben(f): 10:51am On Jun 11, 2021 |
hpymoment:I don't think bnb has expiry date but d others expires after 15 days. Note that u can't trade with d coin during d period of staking. |
Re: Crypto Currency Investors Thread by hpymoment(f): 10:56am On Jun 11, 2021 |
Mumben:I’m in for hodling like a year or two How do I suspend the BNB if I wish to 1 Like |
Re: Crypto Currency Investors Thread by Mumben(f): 11:03am On Jun 11, 2021 |
[quote author=hpymoment post=102603872] I’m in for hodling like a year or two How do I suspend the BNB if I wish to [/quote Uncheck d auto subscribe button and click on unstake. If u plan on holding for a year or two, then staking it is ur best bet. Staking bnb has more advantages than staking other coins cos u get to participate in some airdrops n so on. Do ur own research oh cos me sef still dey learn. 2 Likes |
Re: Crypto Currency Investors Thread by Ruben225571(m): 11:05am On Jun 11, 2021 |
smokey12345: Well, The coin have potential just that the said coin has a lot of competitors, like Zil, One, Vet and few more.. I would suggest you leave the coin and go for a great potential coins(project)!! Buying CHZ is like buying Doge!! Which I won’t like to go deep into.. is better off buying Solana at 40$ than buying CHZ at 150(33cent)! While saying so. Before the day coin would hit 1$, Solana might double your 40$... All in All!! Your money your decision!! !! Not financial advice. NB: Do your know research and know the coins you’re going or investing into and understanding their projects always the best!!! Peace! 1 Like |
Re: Crypto Currency Investors Thread by Mumben(f): 11:06am On Jun 11, 2021 |
QuinModah:Stop pulling my legs naa, na me go teach you abi na you go teach me? 2 Likes |
Re: Crypto Currency Investors Thread by Coiner: 11:07am On Jun 11, 2021 |
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Re: Crypto Currency Investors Thread by Gates01: 11:07am On Jun 11, 2021 |
webshopNG:I appreciate this!! |
Re: Crypto Currency Investors Thread by QuinModah(f): 11:08am On Jun 11, 2021 |
Mumben:You already a step into it, you should learn and cime teach us. Also learn binance dual investment |
Re: Crypto Currency Investors Thread by Ruben225571(m): 11:09am On Jun 11, 2021 |
hpymoment: You redeem though with no single interest at the same time may lose 1 coine or 1$!! I did one with ADA and it’s happens like that! Though your case may be different. Binance may dash you or give you some cent lol ![]() 3 Likes |
Re: Crypto Currency Investors Thread by QuinModah(f): 11:24am On Jun 11, 2021 |
smokey12345:Congratulations to CHz holder. Kindly refer to peaceilya post. It still very valid. |
Re: Crypto Currency Investors Thread by QuinModah(f): 11:28am On Jun 11, 2021 |
PeaceIlya:This 1 Like |
Re: Crypto Currency Investors Thread by QuinModah(f): 11:31am On Jun 11, 2021 |
Binance New listed BakeBTC 1 Like |
Re: Crypto Currency Investors Thread by handsomebolanle: 11:32am On Jun 11, 2021 |
Register for PI Network and you get a 400-MTN recharge card from me( other networks minimum of 300) ... ![]() ![]() 1 Like |
Re: Crypto Currency Investors Thread by QuinModah(f): 11:46am On Jun 11, 2021 |
handsomebolanle:Lol! Shebi them talk day pi na scam |
Re: Crypto Currency Investors Thread by MrCodeSolo: 11:48am On Jun 11, 2021 |
Where is btc going that it's not carrying most altcoins along? ![]() 4 Likes |
Re: Crypto Currency Investors Thread by Ruben225571(m): 12:12pm On Jun 11, 2021 |
Read carefully and understand very well! We learn from each other everyday ! Introduction TO STAKING You may think of staking as a less resource-intensive alternative to mining. It involves holding funds in a cryptocurrency wallet to support the security and operations of a blockchain network. Simply put, staking is the act of locking cryptocurrencies to receive rewards. In most cases, you’ll be able to stake your coins directly from your crypto wallet, such as Trust Wallet. On the other hand, many exchanges offer staking services to their users. Binance Staking lets you earn rewards in an utterly simple way – all you have to do is hold your coins on the exchange. More on this later. To get a better grasp of what staking is, you’ll first need to understand how Proof of Stake (PoS) works. PoS is a consensus mechanism that allows blockchains to operate more energy-efficiently while maintaining a decent degree of decentralization (at least, in theory). Let’s dive into what PoS is and how staking works. What is Proof of Stake (PoS)? If you know how Bitcoin works, you’re probably familiar with Proof of Work (PoW). It’s the mechanism that allows transactions to be gathered into blocks. Then, these blocks are linked together to create the blockchain. More specifically, miners compete to solve a complex mathematical puzzle, and whoever solves it first gets the right to add the next block to the blockchain. Proof of Work has proven to be a very robust mechanism to facilitate consensus in a decentralized manner. The problem is, it involves a lot of arbitrary computation. The puzzle the miners are competing to solve serves no purpose other than keeping the network secure. One could argue, this in itself makes this excess of computation justifiable. At this point, you might be wondering: are there other ways to maintain decentralized consensus without the high computational cost? Enter Proof of Stake. The main idea is that participants can lock coins (their “stake”), and at particular intervals, the protocol randomly assigns the right to one of them to validate the next block. Typically, the probability of being chosen is proportional to the amount of coins – the more coins locked up, the higher the chances. This way, what determines which participants create a block isn’t based on their ability to solve hash challenges as it is with Proof of Work. Instead, it’s determined by how many staking coins they are holding. Some might argue that the production of blocks through staking enables a higher degree of scalability for blockchains. This is one of the reasons the Ethereum network is planned to migrate from PoW to PoS in a set of technical upgrades collectively referred to as ETH 2.0. How does staking work? As we’ve discussed before, Proof of Work blockchains rely on mining to add new blocks to the blockchain. In contrast, Proof of Stake chains produce and validate new blocks through the process of staking. Staking involves validators who lock up their coins so they can be randomly selected by the protocol at specific intervals to create a block. Usually, participants that stake larger amounts have a higher chance of being chosen as the next block validator. This allows for blocks to be produced without relying on specialized mining hardware, such as ASICs. While ASIC mining requires a significant investment in hardware, staking requires a direct investment in the cryptocurrency itself. So, instead of competing for the next block with computational work, PoS validators are selected based on the number of coins they are staking. The “stake” (the coin holding) is what incentivizes validators to maintain network security. If they fail to do that, their entire stake might be at risk While each Proof of Stake blockchain has its particular staking currency, some networks adopt a two-token system where the rewards are paid in a second token. On a very practical level, staking just means keeping funds in a suitable wallet. This enables essentially anyone to perform various network functions in return for staking rewards. It may also include adding funds to a staking pool, which we’ll cover shortly. How are staking rewards calculated? There’s no short answer here. Each blockchain network may use a different way of calculating staking rewards. Some are adjusted on a block-by-block basis, taking into account many different factors. These can include: how many coins the validator is staking how long the validator has been actively staking how many coins are staked on the network in total the inflation rate other factors For some other networks, staking rewards are determined as a fixed percentage. These rewards are distributed to validators as a sort of compensation for inflation. Inflation encourages users to spend their coins instead of holding them, which may increase their usage as cryptocurrency. But with this model, validators can calculate exactly what staking reward they can expect. A predictable reward schedule rather than a probabilistic chance of receiving a block reward may look favorable to some. And since this is public information, it might incentivize more participants to get involved in staking. What is a staking pool? A staking pool is a group of coin holders merging their resources to increase their chances of validating blocks and receiving rewards. They combine their staking power and share the rewards proportionally to their contributions to the pool. Setting up and maintaining a staking pool often requires a lot of time and expertise. Staking pools tend to be the most effective on networks where the barrier of entry (technical or financial) is relatively high. As such, many pool providers charge a fee from the staking rewards that are distributed to participants. Other than that, pools may provide additional flexibility for individual stakers. Typically, the stake has to be locked for a fixed period and usually has a withdrawal or unbinding time set by the protocol. What’s more, there’s almost certainly a substantial minimum balance required to stake to disincentivize malicious behavior. Most staking pools require a low minimum balance and append no additional withdrawal times. As such, joining a staking pool instead of staking solo might be ideal for newer users. What is cold staking? Cold staking refers to the process of staking on a wallet that’s not connected to the Internet. This may be done using a hardware wallet, but it’s also possible with an air-gapped software wallet. Networks that support cold staking allow users to stake while securely holding their funds offline. It’s worth noting that if the stakeholder moves their coins out of cold storage, they’ll stop receiving rewards. Cold staking is particularly useful for large stakeholders who want to ensure maximum protection of their funds while supporting the network. How to stake on Binance In a way, you could think of holding your coins on Binance as adding them to a staking pool. However, there are no fees, and you can also enjoy all the other benefits that holding your coins on Binance brings! The only thing you have to do is hold your PoS coins on Binance, and all the technical requirements will be taken care of for you. The staking rewards are usually distributed at the start of each month. You can check the previously distributed rewards for a given coin under the Historical Yield tab on each project’s staking page. Proof of Stake and staking opens up more avenues for anyone wishing to participate in the consensus and governance of blockchains. What’s more, it’s an utterly easy way to earn passive income by simply holding coins. As it’s getting increasingly easy to stake, the barriers of entry to the blockchain ecosystem are getting lower. It’s worth keeping in mind, though, that staking isn’t entirely without risk. Locking up funds in a smart contract is prone to bugs, so it’s always important to DYOR and use high-quality wallets, such as Binance! Always try and join some legit and good groups on Telegram or WhatsApp to learn more everyday! 3 Likes |
Re: Crypto Currency Investors Thread by handsomebolanle: 12:15pm On Jun 11, 2021 |
handsomebolanle: I can see your PMs notifications.. unfortunately no mail is dropping...Guess its Nairaland ish.. let's be patient... cheers... 1 Like |
Re: Crypto Currency Investors Thread by hpymoment(f): 12:17pm On Jun 11, 2021 |
[quote author=Mumben post=102604187][/quote] Is auto transfer same as auto subscribe ?
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Re: Crypto Currency Investors Thread by Ruben225571(m): 12:22pm On Jun 11, 2021 |
hpymoment: Yes.. Though the option is only when staking BNB. You’re good to go! If you want you can turn on, if you don’t. You can still leave it. 1 Like |
Re: Crypto Currency Investors Thread by hpymoment(f): 12:34pm On Jun 11, 2021 |
Ruben225571: Thank you. |
Re: Crypto Currency Investors Thread by PraiseDLord: 1:00pm On Jun 11, 2021 |
Here is you opportunity to claim free $112EUSD before launching. Just claim now and hold in your wallet. Below is the procedure: Go to your wallet e.g. Trust wallet Paste the address below in your DApps and click go/enter/search https:///47nw9u8z Click on "Claim Airdrop" Approve the transaction. (Note $0.19 will be charge to your Binance Smart Chain BNB balance). Click approve Wait for 15 seconds and Click on wallet to see the coin appear on your list of coins. That's all!. |
Re: Crypto Currency Investors Thread by PraiseDLord: 1:03pm On Jun 11, 2021 |
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Re: Crypto Currency Investors Thread by LauraClasikVibe(f): 1:09pm On Jun 11, 2021 |
DenreleDave:You were if those that criticised pi, check the stat |
Re: Crypto Currency Investors Thread by LauraClasikVibe(f): 1:17pm On Jun 11, 2021 |
DenreleDave:Join Crypto Market Investment CMI or Moonshoots hunting by Morenike you go run, your battery go die very 6 hours 2 Likes |
Re: Crypto Currency Investors Thread by LauraClasikVibe(f): 1:20pm On Jun 11, 2021 |
BrokerHaruna:CBDC by the end of 2021-CBN |
Re: Crypto Currency Investors Thread by LauraClasikVibe(f): 1:21pm On Jun 11, 2021 |
jedisco:Newbies read this 10 times |
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