From the FMFW.io blog.
We are excited to announce that staking is now available on FMFW.io Exchange! With no lockup periods and up to 18.5% APR on selected assets, you can now hodl & earn on FMFW.io Exchange.
Staking adds variety to your trading experience and it allows you to earn rewards through the assets that are already in your possession.
Simply put, staking is when you lock crypto assets for a certain period of time to help support the operation of a blockchain. In return for staking your crypto, you earn more cryptocurrency.
Cryptocurrencies that allow staking use a consensus mechanism called Proof of Stake.
Proof of Stake (PoS) is a consensus mechanism used to verify new cryptocurrency transactions on the blockchain.
The Proof of Stake (PoS) model allows owners of a cryptocurrency to stake coins and create their own validator nodes. The Proof of Stake concept allows users to validate block transactions according to how many coins he or she holds.
For a step-by-step guide on how to start staking on FMFW.io Exchange, please check out our dedicated staking guide, here: https://support.fmfw.io/en/articles/6478957-welcome-staking-how-to-stake-on-fmfw-io-exchange
You can now start staking and earning with the following assets:
ALCX — 18.5% Est. Annual Yield
DYDX — 11% Est. Annual Yield
HBTC — 1.1% Est. Annual Yield
LUNA — 7% Est. Annual Yield
ONT — 16% Est. Annual Yield
SNX — 2.5% Est. Annual Yield
WBTC — 1.1% Est. Annual Yield
Enhance your trading experience on FMFW.io Exchange and start staking now: https://fmfw.io/staking
FMFW.io does not provide financial, legal, accounting, or tax advice. Any statement regarding such matters is explanatory and may not be relied upon as definitive advice. All users are advised to consult with their financial, legal, accounting, and tax advisers regarding any potential investment or trading activity.
This article came directly from the FMFW.io blog, found on https://fmfw-io.medium.com/staking-is-live-beginners-guide-on-how-to-stake-on-fmfw-io-exchange-47190f0d6933?source=rss-12ea66dd7e99——2