During the September dip I have bought some Polkadot, XRP and Ethereum. One of the authors of Publish0x suggested me in a comment to check out a wallet which offers VPOS (basically staking for the crypto to be mined) and a few days ago I decided to have a look on it. The guy is very knowledgebla in the DEFI space. Check him out: https://www.publish0x.com/@fblauer
I consider myself pretty new in the crypto space and really a newbie newbie on DEFI.
The wallet I am referring to is called Math Wallet. And I want to go straight to the point, so have a look at the screenshot below that I just made now:
I mean just look at the numbers. 27.59% APR on Polkadot.
And I do not own many coins which can be staked there. And btw you can even stake BITCOIN!!
I don't know about you but this seems almost too good to be true. And in such cases, I always research, because I do not want to get scammed.
Quick analysis and checks I made, which I am presenting below:
As it turns out, the wallet is really legit. They have their token as well, which is called Math and costs $0.422415 at the moment. It is ranked #185 going by Marketcap. You can check by yourself here: https://www.coingecko.com/en/coins/math
They also have an app which can be download for iOS and Android.
And the thing about the Math token is that you receive it for free just by staking one of the coins Polkadot, BTC, Ethereum, ATOM, TRX, Tether, EOS and a couple more and you can even stake the Math token that you earn just by staking other coins for 29.88%. Not a bad deal at all.
How to get started:
As i struggled a little bit with getting into the process, I want to make it easier for you guys.
This is the wallet's link where you can register: https://mathwallet.org/en-us/
For staking you are going to need the Option called Mathcloud, cuz it is a cloud mining pool after all.
This is the option cloud wallet, which you are going to need for staking and I am giving you my referral link if you consider joining: http://m.maiziqianbao.vip/s/4vsf36
Easy tutorial in 4 steps
Step 1: Send the token to the receiving address of the wallet (DOT, ETH, BTC, ect)
Click on Receive, then you choose the token (in this example is DOT). You then send the token to this address and wait a little bit for the transaction to be over.
Step 2: Start staking after having received the funds on the wallet.
You click on Mining. You then choose the Staking Pool of the wanted coin. In this example it is going to be DOT VPOS PooL.
Step 3: You are almost there. The picture is self explanatory.
Please note the points and then you click on Stake.
- Stake at least 1 DOT
- Unstaked assets will be locked for 30 days (this is important and different tokens have different locking periods, after you decide to unstake; example ETH is 21 days after unstaking)
- Start to profit the next day
- Profits settled at 04:00 (GMT) each day
- Profits will be sent to the Cloud wallet, which could be withdrawn at any time.
Step 4 and last step: Choose amount and click on stake.
You can insert my Invitation Code 4vsf36 if you wish to support me, however you can leave this field blank.
You then write the amount you want to be staked and finish by clicking on Stake and you are done.
P.S. I hope you find this guide useful and easy. I wanted to share with you, what I believe to be one of the best methods at the moment to earn passive income.