Cryptocurrency staking is all the rage in 2020 and more people than ever before are getting in on the lucrative industry that provides safe, stable returns for those willing to temporarily lock their assets up to earn staking rewards.
But not all cryptocurrencies are built equally when it comes to the profitability of the practice. Some offer modest returns but have experienced impressive price appreciation, while a handful of others offer a flat out incredible APR. If you’re looking to get involved in the industry, here’s three of the highest-yielding staking coins out there right now to take a look at.
AdEx is an advanced blockchain-based advertising network that allows advertisers to cut out ad fraud and maximize the return on their ad spend. AdEx provides both advertisers and publishers with a fraud-proof, transparent, and ethical advertising network to cut out bad actors and middlemen to make advertising more rewarding for all stakeholders.
AdEx achieves this through its proprietary AdEx Protocol, which enables publishers and advertisers to easily trade advertising space and time, while tracking and ensuring end-user interactions are genuine, and delivering real-time reports to both publishers and advertisers. The platform is powered by the AdEx token, which is used to run validator nodes that keep the network participants honest, while payments between users are made in DAI stablecoins.
Last month, AdEx upgraded the ADX token to integrate it with the blossoming DeFi and yield-farming markets, and users are now able to gain a substantial return on their ADX balance by staking their tokens. Some of the earliest AdEx stakers are now enjoying yields of between 200-400% APY (annual percentage yield), whereas new stakers have access to 120% APY through the AdEx staking platform.
With a current APY of 120%, AdEx is one of the most lucrative stackable cryptocurrencies there is — particularly when combined with the fact ADX has almost tripled in value in the last year too.
This up-and-coming platform is a must-see for anybody that has dabbled in cryptocurrency trading. NewsCrypto is a rapidly growing platform that has kicked up quite the fuss among cryptocurrency traders by producing arguably the most complete resource for trading education, market analysis tools, and cryptocurrency insights.
NewsCrypto was launched with the goal of making the potentially lucrative world of cryptocurrency trading more accessible, by producing the tutorials, techniques, and tools used by some of the industry’s leading traders and investors. These features help traders make better decisions, spot profitable opportunities, and cut down on losses. Many of its more advanced features can be unlocked by purchasing a membership plan using the platform’s native token, the NewsCrypto Coin (NWC).
Besides offering trading tips and tools, NewsCrypto also allows users to stake their NWC tokens with just a couple of clicks. Depending on the lockup period, NWC holders can earn up to 30% APR on their tokens and get a free membership to unlock more of the platform’s features. There is currently a minimum staking period of 3 months, and a stake of at least 20,000 NWC or above is needed to unlock the maximum reward tier.
Tron is a massively successful blockchain-based platform that enables anybody to launch their own highly scalable decentralized applications. The platform aims to provide the infrastructure to revolutionize the way we connect over the internet, making content sharing more efficient than ever before, while providing the tools and protocols needed to create a truly decentralized web.
Since it was founded in 2017 by Justin Sun, Tron has grown to become one of the largest and most successful cryptocurrencies in existence, and currently has a market capitalization of close to $2 billion. With products like BitTorrent, Poloniex, Coinplay, JustSwap, DLive, Steemit, and a variety of others under its belt, Tron is well on its way to delivering its promise of a decentralized web.
The easiest way to stake your Tron is through Ledger Live, Atomic Wallet or Guarda Wallet, which make the process as simple as a few clicks. (Image: Ledger)
Like the other cryptocurrencies on this list, the Tron (TRX) token can be staked to earn regular rewards from the network. This is achieved by delegating TRX tokens to one of Tron’s Super Representative (SR) nodes through a compatible wallet. TRX stakers can currently expect a yield of around 7% per year, which although lower than some other tokens, actually works out higher than most when you consider that Tron has appreciated by 90% in the last year.