BUSINESS/ADVERTISEMENT| Jul 26, 2021 | WOZINGA NEWS
Staking on BitXchange is now live: Easy way to earn USDX
- USDX is one of the available digital coins on BitXchange.
- It has a low-interest rate system while earning a high yield on BitXchange-Stakes.
By Wozinga Staff
Staking is the more reasonable investment for the long-term investor, according to Medium.com. It also offers the advantages of incentive accrual via staking while offsetting the liquidity risk.
In this case, liquidity risk mitigation is a huge requirement that liquid staking addresses, and it may be the cause for its success. It involves crypto exchange platforms, such as Coinbase and BitXchange, and the Proof-of-Stake coins are like USDX and Cardano (ADA).
Staking on BitXchange-Stakes
Meanwhile, BitXchange is a digital currency exchange. One of its features is the multiple staking choices. USDX is one of the available digital coins on the platform.
In BitXchange-Stakes, USDX is a recommended stablecoin to stake. It has a low interest rate system while earning a high yield.
According to the digital currency platform, USDX has a 10% rate of interest. A holder must have 1000 USDX as minimum holding and 250,000 USDX as maximum holding. It has a minimum of 90 days to hold and a maximum of 120 days.
USDX — What/How to stake on BitXchange
What is good about BitXchange? Based on the website, the holders are available to choose from multiple cryptos for staking. Mention the digital coins, it includes BTC, TRX, CNX, ETH, etc.
Plus, if anyone has more queries, he could also refer to BitXchange’s support agents. The BitXchange team is willing to guide anyone and answer the questions politely.
To perform staking in BitXchange, you must follow the following:
Earn rewards via staking on BitXchange
The more crypto assets the holder contributes, the greater the rewards they will receive. The rewards are distributed on-chain. Thus, the process of earning this reward is automated. All you must do is to stake them.