Gone are the days when crypto mining was the only option to generate passive rewards in exchange for verifying and adding new transactions to the blockchain. It’s a tedious task requiring high energy consumption and an expensive setup. Thanks to the introduction of the DeFi landscape, any investor can now lock up their assets to earn passive income for securing the network. The process is called staking, and best serves with the three tokens below.
Gnox is undeniably one of the most revolutionary concepts in the crypto space. For the first time, a self-accruing token will generate rewards from buy/sell transactions and treasury deployments. 60% of the funds accumulated by 10% taxation are deployed to various liquidity pools, and the returns from these investments are redistributed to GNOX token holders. Users simply have to buy and hold their assets in an eligible wallet to earn passively. Unlike other DeFi platforms, there’s no need to understand the mechanics behind staking. Gnox makes it simple even for entry-level investors.
What started as a proof-of-work concept has now been proposed to implement a proof-of-stake consensus. This will not only solve the issue of environmental footprint but also encourage long-term investments, given the significant yield rewards on offer. Some major platforms like Binance already offer Flexible savings options for investors to generate passive income. The migration from mining to validation will open the door to integration with other leading chains.
One of the star performers of the 2021 bull market, Chiliz garnered the attention of the investors with its staking capabilities. The most popular way to earn passive CHZ tokens is through the Socios Locker room, where you can show your support for new team tokens. You must hold your assets in one of the lockers until a predetermined date. If the team joins Socios within that period, you get 10% of what you staked. There’s another locker that converts your CHZ to fan token along with offering a 10% bonus. One can also add their tokens to Binance’s flexible savings for seamless returns that are automatically compounded.
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Join Presale: https://presale.gnox.io/register