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Staking is what enables a blockchain to function, and it’s pivotal that proof-of-stake networks have investors that are willing to do the job. And like with any other job, compensation is provided – yet instead of being paid with fiat money, you’re rewarded with crypto.
To maximise the rewards you could earn, we’ve compiled a list of the cryptos that reward their stakeholders the best. These include Ethereum (ETH), Cardano (ADA) and Calyx Token (CLX), which has just gone into presale, giving early investors the opportunity to buy the token at the lowest price and profit immensely once it launches.
Let’s get started.
Ethereum’s (ETH) ecosystem continues to expand at a rapid pace, attracting both developers and investors. The world’s second-largest crypto in fact began using a proof-of-work consensus. This meant that computers had to perform complex tasks that required a lot of energy and time in order to validate any transactions.
However, as a result of a recent development upgrade, Ethereum 2.0 (ETH) has switched to a PoS mechanism and is now one of the best staking tokens to consider for generating maximum passive income. However, the requirements to begin staking Ethereum (ETH) on your own are somewhat high, not least because you will need to put up at least 32 ETH coins.
The simplest way to avoid this is to store your Ethereum (ETH) in a staking pool. To put it another way, you lend your tokens to other validators to use. You won’t have to invest nearly as much ETH doing this. The payouts will ultimately be determined by the staking platform you choose and the length of time you lock in your coins.
Cardano (ADA) is a prominent proof-of-stake (PoS) crypto that focuses on scalability and long-term viability. When compared to other digital assets, the network aims to solve the energy usage issues associated with Bitcoin (BTC) mining, thereby positioning itself as an environmentally friendly option.
Cardano (ADA) has performed exceptionally well since its introduction to the crypto market, with gains of over 4,500% in value. Cardano (ADA) is also well-positioned to see further growth in the future, with the network launching its own smart contract facility.
Cardano (ADA) is listed on several staking platforms due to its popularity. However, you may find that the interest rate offered varies greatly from one provider to the next for the same reason.
Calyx Token (CLX)
Calyx Token (CLX) is a permissionless, community-driven liquidity protocol aimed at enabling multi-chain crypto trading and liquidity sourcing from a variety of liquidity sources in order to facilitate trading and token swaps at the best possible prices.
Users that stake CLX earn a portion of the fees that Calyx (CLX) collects from the ecosystem’s liquidity pools. The staking model of Calyx Token (CLX) is highly unique in that the developers believe that every stakeholder should share responsibility for determining the success parameters that will guide Calyx (CLX) toward growth and sustainability.
To achieve this, Calyx (CLX) will completely transform into a community-driven model by incorporating the CalyxDAO and empowering community members with fair representation on agendas that are beneficial to the entire ecosystem.
Furthermore, if Calyx (CLX) stakeholders wish to be more involved, they can become a Liquidity Provider, which is an opportunity mostly available across decentralised exchanges. By donating an equivalent amount of underlying tokens in exchange for LP tokens, anyone can become a Liquidity Provider or start a liquidity pool.
If you’re looking for another presale to get in on, Securipop (SECR), which plans to facilitate the creation of decentralised messaging platforms, recently entered presale as well.
Securipop (SECR) allows users to earn tokens by sharing or reposting content, creating valuable content, achieving milestones, logging in on a regular basis, providing feedback, responding quickly to notifications, and referring people to the platform. While we all do it for free on different social media platforms, Securipop (SECR) wants to compensate users for their network contributions.