Atomic Wallet and Staking at 5%-10%

Atomic Wallet and Staking at 5%-10%

By TrocProcLock | Random Tech News | 1 Feb 2020


I recently came across a new Wallet. And I have to say so far I am a fan. The Wallet is called Atomic Wallet. If you are familiar with the Coinbase Website it is pretty much the same but in a desktop client form and you actually hold the keys to your wallet.

The Atomic Wallet holds over 300 different tokens. Here are just a few that I think most people here will care about:

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The other neat thing and the reason I really like Atomic Wallet is that when you choose to stake your tokens you get to pick what pool you want to be in. So if you are mining a coin you get full say in who you want to pool with. So why not with your Staking? On Coinbase when you 'stake' you are staking with Coinbase. But not in Atomic Wallet, you get to choose what pool you want to join and it tells you exactly what the yearly yield is.

Other few neat tricks the Wallet does is that you can change the app from showing prices in USD to say BTC. So if you wanted to see the value of your Tezos in the wallet you could see the amount in BTC instead of dollars.

In the app you can buy and sell your currency as well. The Exchange Partner is Binance DEX.

Now on to the fun part, Staking your tokens. 

Here are the tokens that you can currently stake.

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Each token has different Bakers that you can pick. So for instance if you go to Stake Tezos here are the options you can pick from.

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I chose to stake with Validators.com because I wanted the most possible yield on my investment.

When I went to Stake Cosmos (ATOM) I was not able to pick who I wanted to stake with. The only option was Sikka which offers a 10.16% yield.

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Now with Cosmos it appears that you can Claim your returns at any time that you have more than the network fee. This screenshot is within 24 hours of staking Cosmos. Normally when I stake tokens it take about a month before you can get a return on investment. But Cosmos appears to be instant.

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Another different staking method is how Komodo is staked. So instead of just staking the coin and getting returns with Komodo you need to hold a certain number at least and then make at least 1 transaction on the blockchain to be able to earn stake rewards. Which is VERY interesting, because it means the tokens of Komodo HAVE to be more fluid. If you want to earn interest then you need to move tokens around. Sure you could have a buddy and each month you send each other 10 KMD. But still then more tokens are going across the network.

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I only sent over a few dollars to test this Wallet out. I would recommend the same thing to anyone using a niece product for their Cryptocurrency. There are a few reasons to that but 1 being you shouldn't trust every Wallet until you use it. And I rather send over $1 and it get lost/stolen then me sending over $1,000 and it getting lost.

Also it should be worth noting that there is a referral program for the Atomic Wallet. If hold a certain amount of BNB you can get a referral link to work. I didn't hold enough so I didn't include the referral link.

 

https://atomicwallet.io/

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TrocProcLock
TrocProcLock

I am a crypto enthusiast and also a crypto noob :) Just trying to learn more each day.


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