Poloniex is one of the many trusted exchanges around and one of its most attractive offers that it has for me is its staking function that has no lock-up period like the other exchanges.
For most exchanges or staking programmes, we would need to delegate our funds to a validator and our funds would be locked up.
There would usually be unstaking period before we can initiate a transfer or selling of our staked cryptocurrencies.
Currently, Cosmos(ATOM), TRX, BTT, WIN and TEND can allow us to earn staking rewards without opt-in or lock-up period needed at Poloniex.
We simply need to leave these funds in our wallets at Poloniex to earn staking rewards.
Poloniex would taking 4 daily snapshots to determine our staking rewards based on the balance during the snapshots.
With the freedom to trade, we would not miss the opportunity to sell especially when these cryptocurrencies are being pumped.
The ability to sell at the right moment can be extremely crucial especially we cannot predict when the market would be pumped.
Unstaking at other staking programmes that can be up to 2 weeks for some would cause us to miss the golden opportunity when we need to sell for a great profit.
The staking programme at Poloniex is definitely one unique most one that I have yet to see elsewhere.
More information can be obtained from the below link.
https://support.poloniex.com/hc/en-us/articles/360047911334-Staking-on-Poloniex
Oh Staking! It's good! Thanks for the post!
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