If you are new to the cryptocurrency market, you are probably wondering what cryptocurrency staking is and why people prefer it to mining. In fact, the answer is quite simple. Mining requires a lot of computing power and the equipment is rather expensive.

On the other hand, staking involves placing and immobilizing your cryptocurrencies in a pool and getting daily rewards as long as your assets are blocked. It doesn't require any equipment or effort. This is an easy way to earn passive income.

However, staking comes with risks, so you need to know what you're doing in the first place.

Impermanent loss and how to avoid it

If you are staking cryptocurrencies like Ethereum, you should be prepared for a sudden drop in prices ("bear run"). Indeed, if the staking concerns 10 ETH while its price is $ 1,900 and at the end of the staking period, the value of an ETH is $ 1,000, then the daily rewards do not cover your losses.

This happens mostly on the Uniswap, Sushiswap and PancakeSwap platforms, where most of the fixed assets are typically ETH, USDT or USDT, which are some of the most common and volatile cryptocurrencies.

To cover possible losses, it is wise to look for cryptocurrency platforms that offer a high Annual Percentage Yield (APY). One of them is the Student Coin (STC) platform.

APY Student Coin

Student Coin is one of the best performing cryptocurrency ecosystems, with an APY of 13% for locked-in STC tokens. Not only can this allow you to make a big profit in a year, but it also protects you from unpredictable changes in the market.

STC tokens can be purchased directly from the Student Coin platform, which gives you immediate access to the STC Wallet and, therefore, the possibility of staking.

The Student Coin ecosystem

Student Coin has amazed many investors and cryptocurrency enthusiasts in just a few months, even before the STC token was listed on other exchanges.

The platform's token is already in the top 500 cryptocurrency, with a market cap of $ 33 million and an average daily price change of + 9%. These are just the basic financials.

The Student Coin project already has 250,000 users and has the support of nearly 500 universities, including Stanford and Princeton.

This remarkable success of Student Coin is due to the team's unique approach to the needs of people, especially students. The ecosystem has the following main characteristics:

This is the feature that attracts so many users to the platform: the ability to create their own STC-based tokens without any coding knowledge. It offers a wide variety of token types, from corporate tokens to non-financial tokens (NFTs).

To make things even more interesting, users can launch community funding proposals (crowdfunding) in exchange for their new token and quickly get the money needed for studies, starting a business, and more.

People who invest in STC-based tokens can use them to trade currencies on the STC exchange. It is also possible to make deposits and withdraw profits within seconds.

To play a role in expanding acceptance of cryptocurrencies, the team behind Student Coin decided to develop a comprehensive training program for crypto newbies.

The program covers everything from basic blockchain information to the challenges of every popular currency. And to make sure that students are actually learning something, each subchapter is followed by a mini-test.

If the test fails, it is not possible to read the next part of the course.

This will be available in November 2021, and it will give you the opportunity to practice all Student Coin activities on the go. As of now, you can download the beta version of the app on iOS and Android.

Staking, trading, training or even creating your own token: it will all be in your pocket soon.

What are you waiting for? Get started in staking your crypto-currencies with the Wallet Student Coin and benefit from an APY of 13% per year! Buy the Student Coin (STC).

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