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Greetings Publish0x community, my today’s topic is staking and the most staked assets according to their staked token ratio. If you enjoy learning Top 5 Topics, please check my previous articles about Top 5 Most Profitable Exchange Tokens, Top 5 Biggest Blockchain Transactions Ever Made, and Top 5 Cryptocurrency Heists Ever Made. Now let’s start with the basics of staking.
What is Staking?
When it’s the 2010s, the only way to earn money is trading on stock and cryptocurrency exchanges or depositing some money to banks and gets fixed-term interests determined by local central banks. But when we come to the late-2010s, we learned another way to earn money. It is STAKING. This has similar parts with depositing money to banks and getting interest but if you give your money into banks you can’t withdraw your money until the end day of the fixed-term interest. But if you deposit some crypto into exchanges and buy the staking-supported coins, you can also get some rewards for doing these actions which are your daily routine in the crypto world. And these crypto assets are not locked until the end date. So you are able to withdraw these assets whenever you want. And when we check the major banks’ interest rates, these numbers are between -0.5% and 0.25% (These are the interest rates for BOJ, BOE, ECB, and FED). These numbers mean that you deposit your cash into banks but you pay them for holding your money in their hand. I think that this is madness to give your money to banks for nothing and even for accepting to lose some of your funds. Even though these features, there’re lots of dollars which are locked on these interests for 10 to 20-year time.
Besides these characteristics of traditional bank interests, you can earn in the crypto world really without losing any of your funds to get some cash. You only have to buy some cryptocurrencies and wait until the day of the payment. Some assets pay for each day and the value increases steadily but some others pay weekly, bi-weekly, or monthly. So please check the staking reward and reward distribution time before making your investment.
Number 5: DIVI Token
DIVI is a decentralized banking project which aims to consolidate the value of finance into one frictionless package. The chain consumes both Proof-of-Stake consensus and masternodes to run it. Currently, the reward is about 31% per year but there are 6 different options to select and start earning.
DIVI places at the 5th place of my article because the total staked asset ratio is 85.18%
Number 4: DDKoin
DDK is a decentralized blockchain platform using DPoS protocol in providing economic opportunity to the community. As a blockchain/fintech provider, DDK aims to continuously innovate and contribute to build blockchain and fintech solutions. They think that the DPOS algorithm is a high democratic platform, more efficient, more secure, and cost-effective due to the mining opportunity is depends on the number of votes for the miners from stakeholders. So the basics depend on DPoS consensus.
DDKoin places at the 4th place of my article because the total staked asset ratio is 85.51%.
🥉 Number 3: USDN
As its name implies, USDN is a stablecoin created on the Waves chain. Neutrino USD/USDN is completely backed by Waves and created to avoid price fluctuations while earning with staking abilities. The staking reward is about 8%, and this ratio is one of the highest numbers in comparison to other stablecoins.
USDN places at the 3rd place of my article because the total staked asset ratio is 87.89%.
🥈 Number 2: AKT
Akash platform is the first decentralized platform that provides cloud computing services into the cryptocurrency ecosystem. If you want to see the implementations of cloud computing systems into chains, please see my article about CUDOS and come back to read on. AKT staking rewards are about 50% in the time of writing.
AKT has 2nd place because the total staked asset ratio is 88.63%.
🥇 Number 1: RPD
Here comes the champ! RPD/Rapids Token has the most staked asset ratio with 90.84% in numbers. RPD token can be used to rewards the participants all across the world on social media communities. You can find more information from Chriss on Publish0x. RPD is in the 1091st position according to CoinGecko data with over 11 billion circulating supply.
Final Conclusion ✅
The information stated above is taken from the Staking Rewards website. The numbers can change at any time so please be aware of that situation while making an investment.
This article doesn’t contain any type of investment advice. It is only for informing over 200,000 registered Publish0x users. Please DYOR (Do Your Own Research) before investing.
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