Crypto Staking: Why Is Creator Platform Different?
What Is Crypto Staking?
Crypto staking is a process that involves placing funds into a digital wallet and keeping them there to support validating transactions for PoS blockchains. By participating in transaction validation, participants earn extra cryptocurrency.
Benefits of Crypto Staking:
• Earn additional tokens - This is the big one - increasing your individual stash of tokens or coins. Stakers aren't guaranteed anything, as the process of forging new blocks and doling out rewards is randomized, but stakers do "earn interest," so to speak, by staking.
• Staking is less resource-intensive - As opposed to crypto mining, staking consumes far fewer resources, which may help you sleep at night. Plus, staking is "servicing the ecosystem by making tokens more rare," says DeCicco, which can increase the value of your holdings.
• Stakers get voting rights and participation - As mentioned, stakers are more entrenched in a specific ecosystem or blockchain network, which may give them more clout as to what happens next with a specific cryptocurrency. "It's similar to owning stock in a company. By staking, you're getting voting rights," says Welch.
• Staking can be an easy way to grow holdings - For investors using an exchange, staking can be as easy as toggling a few switches to set things up. From there, they can watch their holdings grow. It's a hands-off, easy way to keep investing, while putting in very little effort.
There are some notable differences between mining and staking. In general, while mining only occurs with proof of work (PoW) systems, you’re able to get a return on both PoW and PoS coins on staking platforms.
Both PoW and PoS as consensus mechanisms are able to confirm blockchain transactions without needing a third party, such as a bank or other financial institution.
The main difference between the two mechanisms is in their energy consumption.
How To Get Started With Crypto Staking:
If you’d like to get started with the staking process, you first need to obtain PoS coins. Once you’ve selected the coins you want to use, you’ll decide how much of your top staking coins you’d like to stake. This process can be done on any major cryptocurrency exchange.
Why Is Creator Platform Staking Different?
As we know, the major gain or benefit we expect in Crypto Staking is earning on your staked assets.
All projects have their different staking plans and rewards. But Creator Platform provide staking plans that allow their users to earn more and make sure their assets are safe.
What Staking Plans Do Creator Platform Run?
1. No Lock-Up Plan:
In this plan, you are free to decide when to stake and when to withdraw your staked asset.
Reward: 5% APR on the staked CTR
2. 90-Day Lock-Up Plan:
In this plan, your staked asset will be locked up for 90days. That is, you will not be able to withdraw or transfer the asset till the end of 90 days.
Reward: 14% APR on the staked CTR
3. 180-Day Lock-Up Plan:
In this plan, your staked asset will be locked up for 180days, where you will not be able to withdraw or transfer the asset till the end of the 180 days.
Reward: 28% APR on the staked CTR
Staking your asset on Creatorchain network is a great way to earn passive income and generate high returns. Your investments with them come with very little risk and can pay dividends if you withdraw your rewards at the right time.
With this guide in hand, you should have everything you need to begin the staking process with Creator Platform.
You can start on Creator Platform right away:
https://staking.creatorchain.network/
About Creator Platform:
Creator is a Blockchain-as-a-Service (BaaS) platform that provides No Code Smart Contract, Low Code DApp and other services to empower the DeFi and NFT world. Creator has an incredibly friendly UI and multiple enhanced background services. By filling out some initial information and a few clicks, any one (with or without IT/ Blockchain skills) can simply go-live a Smart Contract or DApp. Creator’s chain is based on Polkadot/Substrate for true interoperability, user-driven network governance and customizations that focus on DeFi, Tokenization (NFT) and other Blockchain Services.
Contacts:
Telegram: t.me/creatorplatformglobal
Twitter: twitter.com/CreatorCTR
Website: creatorchain.network