The Tokex platform now supports new TKX and USDT pools. Users can join these pools by choosing the amount of tokens they want to lock and the duration of the locking period. The longer the period, the higher the rewards.
Joining these pools is a great opportunity to earn rewards while supporting the Tokex crypto exchange. To get started, users need simply to log in to their Tokex account and head to the staking page and choose the pool , up to 36% per year. This Pool capacity is limited and it may close soon!
Staking in a Nutshell
Staking is a consensus mechanism that proof-of-stake blockchains use to verify transactions. In a nutshell, crypto users who want to partake in the staking process will “lock up” their tokens and “put them to work” to validate transactions on the blockchain. This means that they will not be able to use the cryptocurrencies involved in the validating process for a specific period of time. In return, they will receive rewards in a form of coins or tokens, this is just by holding them in the staking wallet.
USDT Staking
Tether (USDT) is the most-used stablecoin in the crypto space for buying, selling, and trading. Among all stablecoins that are pegged to the U.S. dollar, USDT has the biggest market cap and the highest trading volume.
Moreover, the price of USDT, like other stablecoins, are predictable and does not experience fluctuations unlike other cryptocurrencies. Thus, here are some of the advantages of having and using USDT:
- Lower price volatility
- More liquidity
- Backed by prominent exchanges
Staking USDT on Tokex exchange for a period of two years will allow you to receive an annualized return of 24% (one percent per month).
Check the staking pools with limited slots available: https://www.tokex.pro/en_US/freeStaking
TKX Staking
TKX is the utility token of Tokex, a centralized crypto exchange that is up-to-date with the latest AML regulations and KYC procedures.
Currently, the platform has a staking pool with 36% returns on one year lock-up period, check it out here: https://www.tokex.pro/en_US/freeStaking
Staking USDT and TKX
Staking is like depositing your money into a savings account and earning a small percentage of interest after a certain period of time. However, what makes staking more interesting than a savings account is that the rewards you receive are more generous and this consensus mechanism makes the blockchain more secure and efficient for the users.
The slots in the staking pool are limited. Register on Tokex and start staking your TKX and USDT!
About Tokex:
Tokex is a cryptocurrency Centralized Exchange dedicated to providing a safe platform for cryptocurrency trading, and convenient aggregator of qualified cryptocurrency throughout the world.
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