The Best of All Soft Staking Solutions: KuCoin Staking
Soft Staking Solutions
The Best of All Soft Staking Solutions: KuCoin Staking

By CryptoSorted | CryptoSorted | 5 days ago


Stake your crypto assets and earn daily rewards on the KuCoin Exchange. KuCoin provides the most innovative, all-in-one staking solutions with the highest returns.

Popularly known as the People's Exchange, KuCoin is focused and committed to bringing more value to all users and investors on its platform –pioneering the now popular crypto soft staking solution in 2019 and recently launching the Pool-X staking, mining and trading platform, in an effort to expand and maximize investor earning opportunities and contributing significantly to the development of the staking market.

What is Crypto Staking?

Crypto Staking

Staking is the process of “locking,” “freezing,” or “setting aside” a certain amount of digital assets to qualify for staking rewards. Usually, every blockchain network has their own required minimum asset holdings to become a node operator or validator (miner) on the network. For example, the minimum amount of ETH required to become a validator on the Ethereum 2.0 network is 32 ETH which is well over $5,000 (currently in testnet).

Crypto staking offers investors the opportunity to put up their crypto assets “at stake” in a validator node for the securing of the blockchain and processing of transactions as well as contributing to the decision making process through voting. By performing these tasks, the blockchain grants the holder rewards –known as the staking rewards.

Crypto Staking is based off of the Proof of Stake mechanism which states that a person can mine, validate blockchain transactions or vote in the decision making process concerning the network according, to the number of the crypto asset that they own and have locked up in the network as well as how long they have those coins staked.

Therefore, the more coin a person has “staked” or “locked up as collateral” and the longer they keep it on the network, the more mining powers they have and the more likely they’re to be chosen to be the next validator of a transaction on the network and therefore the more of the rewards (profit) they get to enjoy.

The Growth of Crypto Staking Solutions

Soft Staking Solutions

These days most exchanges and several wallet providers have developed their own innovative staking solutions, to accommodate the increasing investors demand for the service.

Staking started gaining popularity during the crypto winter of 2018, as investors scrambles to take cover from the whipping dip and is expected to take a center stage in 2020 and going forward; with many staking pools, exchanges offering innovative and highly competitive crypto staking solutions.

These crypto staking solutions provided by the different PoS projects, platforms, wallet providers and exchanges simplify the process for non-technical crypto asset holders, thus lowering the entry barrier to crypto investing and encouraging mass participation.

The KuCoin Soft Staking Solutions

Soft Staking Solutions

Crypto soft staking solutions have become more attractive to investors who are looking to not just have an opportunity to earn passive and residual income from crypto holdings but want to be able to freely and easily adjust their portfolio based on market conditions –something that’s not practical in regular staking programs. This among others is what makes crypto soft staking solutions among the best investment tool for crypto investors; enjoying the best of the worlds of staking, mining and trading under a single account.

The KuCoin Exchange and partners are currently leading the way in terms of innovative crypto soft staking solutions; and contributing significantly to the growth and development of the entire crypto staking market –first with the KuCoin soft staking program and then their new Pool-X staking, mining and trading platform (you need to read the post) to give the investors and users maximum flexibility and profitability combined with convenience and total safety.

These innovative programs turn the idea of crypto staking on its head. The primary idea of staking generally is to have crypto assets locked up for a predefined period of time in other to enjoy the rewards. As the people’s exchange, KuCoin sees things differently –from the perspective of the users and investors.

Ordinarily, staked crypto assets cannot be accessed, traded or used until the expiration of the staking period; but with the KuCoin soft staking solutions users can access their coins at any time, creating a way for you to earn with your tokens while still being able to trade them in the open market to take advantage of market opportunities. It’s just like you eating your cake and having it.

So how do one stake on KuCoin? That’s actually the easiest part of it. Staking on KuCoin only requires you to Sign Up for a free KuCoin Account; purchase any of the supported staking coins and keep them in your KuCoin Account. Your daily profits will be credited to your account and you have the freedom to withdraw or trade your crypto at any time if you no longer wish to keep earning or you want to take advantage of a market opportunity.

Crypto Assets Supported by the KuCoin Soft Staking Solution

soft staking solution

Below is an updated list of the coins available for staking in the KuCoin soft staking program; ATOM seem to be the most popular and most staked crypto among them with ONION producing the highest Annualized Rate of Return (ARR) of about 23% as per the data on the KuCoin Blog:

  1. Cosmos(ATOM)
  2. EOS(EOS)
  3. Tron(TRX)
  4. Internet of Services(IOST)
  5. Neblio (NEBL)
  6. DeepOnion (ONION)
  7. Energi (NRG)
  8. NULS (NULS)
  9. TomoChain (TOMO)
  10. EOSForce (EOSC)
  11. Loom Network (LOOM)
  12. Loki (LOKI)
  13. V Systems (VSYS)
  14. Wanchain (WAN)
  15. IoTeX (IOTX)
  16. Tezos (XTZ)
  17. Elastos (ELA)
  18. PIVX (PIVX)
  19. Ontology (ONT)

Thus all you need to do is hold any of the tokens listed above, in either the trading account or main account on the KuCoin Exchange and receive the rewards daily.

Finally, with the KuCoin soft staking solution, you don’t have to invest resources in any equipment, wallet setup or bother with participating in the voting and decision making process of the blockchain network; the exchange handles all the technical aspects of the staking process for investors and all you do is place your coin in your KuCoin Exchange account and enjoy your accruing daily profits.

RELATED POSTS

POOL-X: The Best PoS Mining Pool Yet

KuCoin Shares (KCS) | Cryptocurrency You Must Have in Your Portfolio


CryptoSorted
CryptoSorted

Follow us on Twitter: @crypto_sorted


CryptoSorted
CryptoSorted

A leading source of actionable crypto startup ideas, analysis, news, reviews, crypto trading and investment guides. 🔮https://cryptosorted.info

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.