Put Your Money to work: Passive Income Streams on Kucoin Pool-X

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I know you hate reading,  so lets get down to business, the Kucoin Exchange has made many advancements in its offering over the past 2 years. The most attractive feature offered by the exchange are its staking pools. 

Ok.....What's staking?

Lets first go over some terms:

Staking: Staking is the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. Essentially, it consists of locking currencies to receive rewards. Staking allows cryptocurrency investors to receive passive income on your dormant holdings in a secure manner.

There are two types of staking on the Kucoin Exchange flexible and fixed:

Cool....Please explain.

Flexible Staking: Flexible Staking means that users can obtain rewards by staking anytime. Users can withdrawal anytime. Users can trade anytime while staking. If a user places an order in the Liquidity Trading Market, the staking shares will get frozen.

Fixed Staking: Fixed Staking means that users can choose to stake for a fixed period of time. Users can subscribe to the project with a certain amount of shares, and the system will lock the amount accordingly. Users can't withdraw shares during the staking period but can trade the ownership of shares in the Liquidity Trading Market to obtaining funds.

Important Considerations:

1. For the flexible staking product, when you stop staking it, you can submit your redemption request. For fixed staking product, when the staking period expires, the system will automatically do the redemption for you.  

2. The fastest way for redeeming my flexible/fixed staking product is by stopping the staking process or to trade the ownership of shares in the Liquidity Trading Market. Trading the ownership of shares in the Liquidity Trading Market is the fastest way to obtain funds

3. Pool-X will distribute the daily rewards to your Pool-X account, including staking rewards and mining rewards(denominated in POL)

https://pool-x.io/staking

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In conclusion during this extended bear market finding ways to increase your cryptocurrency holdings is crucial and with ATOM, XTZ, TRX, KCS giving you 12% pa. This is a great place..... to work your money like a slave. 

Peace. 

 

Footnotes:

1. https://www.binance.vision/blockchain/what-is-staking

2. https://pool-x.io/staking


zogintl
zogintl

Kasezga Temb: Investor, Philanthropist, Musician and Martial Artist


Put Your Money to work: Passive Income Streams on
Put Your Money to work: Passive Income Streams on

Here we discuss two solid passive income streams on the trusted Kucoin exchange.

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