Crypto Staking: How and Where to Stake Your Crypto?

With all the recent developments in the crypto space, here is the one-million-dollar question: What is staking? 

Simply put, ‘staking’ attracts most of the token holders due to its rewards. It means locking one’s assets to participate in transaction validation processes. In most cases, you can stake your coins directly from a crypto wallet. 

Otherwise, a lot of crypto exchanges offer various staking services to users. Although not all staking platform offers its users a stable gain but more about impermanent loss. Some of the famous staking options (i.e., Uniswap, Sushiswap, and PancakeSwap) offer ETH/USDT or ETH/WBTC. 

However, with these famous options, staking all depends on the price of ETH. Meaning, if the ETH price goes up they will be out of ETH. On the other hand, if it goes down they stay with ETH on Uniswap V3. 

In spite of this, there are some staking platforms such as Student Coin (STC) that let you purchase its coin and stake it for up to 13% APY. In fact, if STC goes down they will still have a  13% APY. For example, if you stake your coins and STC token goes down, your value will likewise go down but it will not be much of a loss as you have gained 13% STC from your pool.

The only way to stake your crypto is to purchase from their platform and eventually stake on the STC Wallet. The best thing about the Student Coin is that you can purchase STC even if you don’t have any crypto, just by using a credit card.

STUDENT COIN (STC)

Student Coin is the first educational token, designed at the world’s best universities, for wide personal, finance, start-up, and academic tokenization. 

They have been rapidly developing since its launch in 2017, following a specific roadmap.  2021 for example, when it launched its STC staking feature. Clearly, the new overachiever on the block is Student Coin.

Recently, the company had a successful ICO, and they shared that Student Coin had reached its hard cap that raised over $21,000,000 in a span of 2 months. Other than that, famous and reliable exchanges have listed their native token. It is currently available on KuCoin, Bithumb Global, Uniswap, Bitcoin.com Exchange, etc.

Currently, there are several developing products that Student Coin is preparing. According to STC, their terminal for launching tokens will be ready by Q3 of 2021. Also, the coming of STC Exchange and the STC app will surely attract more crypto enthusiasts.

Additionally, the team is working closely with various Universities to develop its Educational Panel. Whereas, they are supported by more than 500 universities.

Notably, Student Coin is focused on developing blockchain technology awareness on a variety of stages. Last month they participated in a worldwide project called TEDxWarsaw.

This TEDx is a grassroots initiative, created in the spirit of TED’s overall mission to research and discover “ideas worth spreading”. More so, TEDx brings the spirit of TED to local communities around the globe through TEDx events.

According to coinmarketcap, STC is trading at $0.006840 with a 24-hour trading volume of $1,170,195 and it’s currently ranked #472 with over $50 million market capitalization.

Source: https://coinquora.com/crypto-staking-how-and-where-to-stake-your-crypto/