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Bintex Staking dapp works on the Ethereum platform, which is eco-friendly, working on a proof of stake. Bintex staking ensures users' funds are safe by leveraging effective security measures and providing Secure Asset Fund for Users (SAFU). Our staking method at the time of writing is arguably one of the safest and eco-friendliest methods (for cryptocurrency) to earn passive income by merely storing or locking funds in a wallet as more individuals, including institutional investors understand the crypto market's lucrativeness, even useful for those lacking technical knowledges of cryptocurrencies, to stake proof of stake (PoS) coins and receive rewards.
Staking essentially means depositing BNTX tokens within the protocol Safety Module. The purpose of staking is stakers will receive BNTX as rewards. The Staking rewards are 24% APY for 12 months locking and 36% APY for 24 months locking period and rewards will be distributed to the stakers on monthly basis.
Unlike proof of work, there is no need of a specific equipment or hardware for crypto staking.Proof of stake works with no equipment requirements. The only requirement is to hold the coin for an interval of time by the holders on any exchange.
Proof of stake blockchains are always inexpensive and less energy-consuming platforms with no particular and expensive hardware requirements. Unlike proof of work chains, PoS is more cost-effective and eco-friendly. So, the stakers can earn more passive income by using Staking
Stake holders earn incentives by holding and controlling their digital wealth.Bintex futures StakingDapp is offering 24% APY for 12 months plan that means 2 % Interest per month . for 24 month's plan offering 36% APY that means 3 % Interest per month and rewards will be distributed on monthly basis.
In the Blockchain world, scalability is a concept that is often used. It refers to a computational process's potential to be used or generated in a variability of ways. Proof of stake protocols, higher transaction outputs and lower fees, make for greater scalability.
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