Earn money while holding Polkadot tokens!
Our users always ask for additional ways to participate in network rewards with their assets, and we are happy to listen to them. LATOKEN is expanding its staking services to include support for Polkadot (DOT). It means clients will start earning an annual return of 13% staking Polkadot!
What is Polkadot (DOT) staking on LATOKEN?
Cryptocurrency staking is the process of storing funds in a crypto wallet to support the operation of the blockchain network, and in turn, holders are rewarded for their contributions. It can be compared to receiving interest at a traditional bank.
Polkadot is an open-source project powered by the Web3 Foundation to transfer data across blockchains and support multiple chains on the same network. Polkadot is committed to solving the problem of slow data transfers between public and private blockchains, as well as developing a network without forking and reducing scalability.
How do you earn staking rewards on LATOKEN?
Staking on LATOKEN has never been easier! To earn Polkadot staking rewards, simply stake your assets for the preferred duration and annual rate until the end of the stake. Polkadot’s current annual return is around 13%. What is more, you can automatically reinvest your asset in the same stake. To do this, choose «Auto prolongation» while making a new stake.
How much are DOT crypto staking rewards?
Polkadot’s current annual return is around 13%. Please note that this estimated APY is not guaranteed, is subject to change, and does not take into account the commission.
What are the advantages of DOT staking?
The main advantage is that DOT cryptocurrency staking is less complicated than crypto mining. Staking is more beginner-friendly and less dependent on your investment (in terms of transaction verification).
Ready to try it out? Follow the link below to stake your DOTs and earn rewards with LATOKEN!
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LATOKEN crypto exchange does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Like other assets, cryptocurrency is subject to market risk. Please do your own research and trade with caution.