What is staking?
A mechanism of storing cryptocurrencies for a particular period of time just to earn some passive income is known as staking. On a broader aspect, it is a complex mechanism to understand the working and reason behind it, but on a more straightforward and lighter node, you can acknowledge it as a process of earning rewards just by storing cryptocurrencies in a wallet.
The reward system and the quantity of the cryptocurrencies you get are directly proportional to the number of cryptocurrencies staked or stored in the wallet. There are multiple ways to earn passive income, and if you are not a technical person, then you can do your research and try to stake your cryptocurrencies that offer maximum and safe returns. One of the upcoming projects that offer wallet staking features is Etherdieum.
How is staking calculated?
Coins staked by validators/users
Number of days users have been stacking actively
Number of coins staked in total
Inflation rate
And other factors
What is Etherdieum?
Etherdieum is a blockchain-driven platform that offers alternative products that are convenient, secure, and reliable. Etherdieum is committed to eliminating high costs, delays, and volatility associated with the current infrastructure. Instead, Etherdieum envisions a composite ecosystem that is rewarding and advantageous to all stakeholders.
Etherdieum's staking plan;
At Etherdieum, it offers its users three packages in respect of staking - gold, silver, and platinum. Users can select the package, the number of tokens to be staked, and the time period of staking. End of the staking time period, users will get huge returns depending on the selection of their package. Yes, it's that simple.
Other benefits you get;
As an admin, you have complete freedom to make staking rules, including plan title, plan duration, and plan description. As an admin of the wallet can keep track of the staking history of the users and can even delete it as per their convenience. As an admin, you also get full authority to enable or disable a staking plan altogether.
Conclusion;
Etherdieum's wallet staking opens a different avenue for everyone who wishes to participate in the consensus. What's more, you can get it quickly, just by utterly storing coins in your wallet. It's easy to stake and enter the Etherdieum ecosystem without any barriers. Make sure to check our official website for more information and get a vision on earning more rewards.