How Staking Helps You Make Passive Income from Crypto Investments?
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Staking works similar to a savings account that pays interest. You can stake a portion or all of your cryptocurrency holdings (with a token that allows it) for a percentage-rate return on the investment. Returns are usually paid in the native token.
Staking-enabled cryptocurrencies usually employ a ‘proof-of-stake’ methodology to ensure transactions are validated and safe – without a bank or processor in between.
Staking lets you earn income with your crypto by contributing to the Proof of Stake (PoS) network of a particular asset. When you stake your crypto, you make the underlying blockchain of that asset more secure and more efficient. And in exchange, you get rewarded with more assets from the network. To generate staking rewards on a Proof of Stake blockchain, a node has to designate a certain amount of tokens on the network as a stake (similar to a security deposit). The chance of that node being chosen to validate the next block is directly proportional to the number of tokens being staked. If the node successfully validates a block, it is awarded the staking reward, similar to a miner being rewarded in Proof of Work chains.
Now you are able to delegate and stake your BRK holdings in the "BRK Staking Pool" Join and enjoy a reward of 45% APY.
Staking Terms and Conditions：
1. The minimum amount of each stake is 100,000BRK. After the staking has started, the system will lock the related assets in the wallet. 2. If you have completed the staking for 1 day, you will reach Level 1, and if you have completed a pledge for 7 days, you will reach Level 2, and so on. Please refer to the table above for more details on levels and staking
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