Coin staking has become an attractive alternative to trading for many crypto investors. Yes, I`m a huge fan of coin staking and I believe that you love it too. That`s why I decided to write this post about it. So here they are, my personal TOP 5 staking coins.
No. 5 Binance Coin (BNB)
BNB coin staking happens to be a hot topic since Binance has simplified the staking process and allows everyone to participate easily. The best part is that these assets never get locked and you could trade them at any instance.
Considering how fast and successful the Binance ecosystem has developed, this coin is one of the most likely that will appreciate in the future, meaning your staking earnings will grow even more if you hold your BNBs.
No. 4 Komodo (KMD)
The Komodo blockchain is a fork of the ZCash blockchain, which in turn has been branched off from the Bitcoin blockchain. It includes the zk-snark technology on which Zcash was built and adds a delayed proof of work consensus algorithm to make Komodo more robust and secure.
The ultimate goal of Komodo is to develop an entire ecosystem from different partnerships. Since it was designed for developers of all levels and industries, it is versatile.
No. 3 Stratis (STRAT)
Stratis is another potential Proof-of-stake coin, with high performance and throughputs. Statis wants to ‘streamline business processes’. The Stratis platform enables smart contracts to be written, an ICO platform for cryptocurrency crowdfunding, sidechains to enable interoperability with other blockchains.
Stratis also provides privacy features, so that users can make their transactions remain secure and anonymous throughout the network of Stratis Full Nodes.
The Stratis cryptographic token (STRAT) fuels the Stratis Platform and acts as a value transfer vehicle in the Stratis marketplace. For us, STRAT coin is still one the most solid choices you can pick for staking.
You can buy STRAT and stake it via Binance.
No. 2 Cosmos (ATOM)
Cosmos is one of the top staking cryptocurrencies. It aims to solve the problems of scalability and usability of conventional blockchains and to enable interoperability between different blockchains. To make this possible, the consensus protocol “Tendermint” is used on the proof-of-stake platform, which can fall back on a very active developer community.
You can either delegate Cosmos by voting with your coins and earn 8.29% of yearly reward with a short lock-up period of 21 days and a minimum stake of only one ATOM. You can be the validator yourself, but that requires 100k ATOM and gives you a 9% annual reward.
Before I reveal my personal number one, here are two honorable mentions:
NEO is a smart contract platform similar to Ethereum. Like Ethereum, NEO wants to enable a blockchain economy that can support various use cases like decentralized finance, decentralized crowdfunding, and secure digital identity management. The appeal of NEO, though, is that it has roots in China.
If you want to know how much can you make staking NEO, you can visit NEO to GAS, which a calculator that will give you a rough estimate of how much GAS you can expect to earn from staking NEO.
CLO is the first cold staking coin! Cold Staking is a protocol that rewards long-term coin holders for holding their CLO coins. Cold Staking is not related to PoS nor a consensus mechanism. Cold stakers receive passive income for holding their coins. There are many different ways to stake CLO like using Trust Wallet. You can even stake CLO in your Telegram Messanger with @callistotip_bot.
If you like to know more about CLO, please read one of my previous posts "Callisto Network (CLO) Cold Staking And Tipping Bots 🤖"
No. 1 Tezos (XTZ)
Tezos has been one of the best performers in terms of price action last year and XTZ still is a good choice.
Tezos is a multi-purpose blockchain with an evolving and amenable on-chain governance. Tezos staking is called baking and it the first proof of stake cryptocurrency that is supported by all major exchanges, including Coinbase and Binance.
Basically, if you hold your XTZ coins in Coinbase Wallet, Coinbase will do the rest for you (run a validator node and stake your coins for you, while giving you the reward minus their fees for the service). Binance or Ledger Hardware Wallet is even better for this since they charge no fees for the staking service. Staking XTZ is really easy, anyone can do it.
XTZ is a must presence on my personal staking repertoire!
But I am not only staking XTZ, but I also stake various other cryptocurrencies and earn a relatively regular return by doing so.
I hope I could provide you with some interesting and useful information.
Thank you guys for reading, liking, following, and tipping 👍
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