My Challenging Journey ep.8 - My First Staking. 

My Challenging Journey ep.8 - My First Staking. 


 

Someone of you could remember that few posts ago ("My Challenging Journey ep.6 - My new purposes with Cryptos") I decided to make a  list of things I would like to investigate and do, above all about earning cryptos in a respectable way.

 

My first attempt has miserably failed ("My Challenging Journey ep.7 - My first attempt to earn crypto coins")! Never mind, I put this purpose in stand by and I'll try again later because I think that is a way that deserves to be tried. 

 

So, we arrive at now: this time I wanted to reach an easy gol and I feel it's pretty comfortable to try something you supported me to do: Staking Cryptos.

To tell the truth I had some uncertainty but I received precious advices and so I decided to proceed, because I feel it's important to get your hands dirty  when you want to have experiences and to learn.

 

(At this point I really need to thank the user Weavme because not only he decided for me which crypto to stake, but he gave me the amount I'm going to use! So kind of you!) 

 

What I did revealed itself to be a very easy thing, even for me that till now I knew only the word: I went to my Atomic wallet, chose staking, and followed the steps which I will show you in some screenshots I did! That's all, 10 tezos have been staked! 

85001722e3b6c28633231a60a55e596eac1e2e3d66f51a237f580b550cb4aad7.jpegc9ff3c88fb8ec15d4fd69575b1220117da528c838f232b47767c88eeec6d49f5.jpeg30a4d81c1b6af902ef0d948b2ea9da1676d6db2d84f50b143067a5fa5ad6edd8.jpeg

In the process I noticed that they took a commission so the real amount of tezos that now are staked are 9.989, they took the rest.

 

Also in the final stage there was a list of businesses I suppose to whom you want to stake your tezos.

 

I chose the higher rate business which was on top of the list with a yearly 6.02% but in the main tezos section it was written +7% so I am not sure which is the correct percentage, we will see later.

 

Then there was the success message with two buttons, share (I didn't investigate it) and back.

7b6c21699c3197c6d304f754092096ce49507b4319419f15ecdf7b9679ece2d1.jpeg

I chose back and I found the button unstake in case you changed your mind now or later.

 

After that I went to the main page and I noticed that I can still see my staked tezos decreased by the amount of the commission.

83f3be30a687add0b2d64d194d0b49e102c13d421ac39657840fd803561fc768.jpeg

Ok, that's all I did. But now I need to tell my doubts about something it has to be told. In general a truth is universal: no one is giving you money for free, so a percentage of interest hides always a risk: more the interest rate more the risk! Pretty easy to understand. This means selecting the maximum it means I shouldn't cry later if things will go bad.

 

Anyway I was expecting to receive a description of the project I was staking for or at least a link.

But I didn't find or notice anything. 

This is not so nice. 

 

Before closing I want to say I missed two points: 

- The interest rate is for a year, but I didn't discover when the interests will be paid, maybe a little amount every month? or in a single day every year? 

- When the interests will be paid, they will go to the free amount of tezos or they will add at the staked ones?

In Atomic Wallet I didn't find an answer. 

 

Anyway I think I just have to wait and see what will happen.

Good luck to me 🙏

 

Thank you all for reading and supporting ❤️

How do you rate this article?

25


The Lebanese Girl
The Lebanese Girl

I am a curious girl from Lebanon who likes technology and have decided to explore Cryptocurrency ❤️


My Challenging Journey
My Challenging Journey

My challenging journey in a crypto's world from Lebanon

Publish0x

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.