Have you ever put money in your bank account earning interest?

In traditional finance, such activity is considered passive income.

Like fiat deposits and earning interest, staking offers the same option for you. Instead of a physical Dollar, Euro, or another fiat, you deposit crypto and make higher rates than those fiat currencies might offer.

In technical terms, staking involves locking up crypto assets for a predetermined time to maintain blockchain operations. You gain extra coins by staking your existing cryptocurrency.

📝Note: MyCointainer, unlike other crypto yield platforms, doesn't require you to hold crypto for a specific time, and you can unstake it anytime

Not all cryptocurrencies are allowed for staking. Only cryptocurrencies that utilize the proof-of-stake model(PoS) are eligible for it.

💡Tip: All assets on MyCointainer are on PoS, you can look around over 100 assets to stake here

Staking enables a blockchain to preserve only valid data and transactions. Participants that want to increase their chances of validating new transactions offer to stake large amounts of cryptocurrency as a form of insurance. This process requires deploying nodes, so if you're not tech-savvy and don't have a large sum of crypto, MyCointainer is at your service!