CryptoMask
  • Introduction
  • WHITEPAPER
    • Roadmap
  • USING CRYPTOMASK
    • Pre-Sale Token
    • Token Contract
    • Staking
    • Cards
  • FIRST STEPS
    • Download your Wallet
    • How to buy Mask
    • Withdrawals
  • ECOSYSTEM
    • Insect Rewards
    • Common Questions
    • Official links
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  • STAKING PROTOCOLS
  • How does staking works?
  • How to profit from staking?

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  1. USING CRYPTOMASK

Staking

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Last updated 3 months ago

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STAKING PROTOCOLS

FREEZE TIME
CONTRACTS PROFIT

1 MONTH

CONTRACT 9% EVERY MONTH

6 MONTH

CONTRACT 16% EVERY MONTH

12 MONTH

CONTRACT 23% EVERY MONTH

How does staking works?

  • Validation blocks: Some blockchains (like bnb smarchain) use a consensus mechanism called Proof of Stake (PoS). In this model, to validate transactions and create new blocks, you need to have cryptocurrencies and "lock" them in a staking process.

  • Rewards: By doing this, you help the network function securely, and in return, you receive a portion of transaction fees or new coins generated (the famous "block rewards"). These rewards are usually proportional to the amount of coins you are "staking".

  • Lock-up period: Depending on the blockchain, you may be required to leave your cryptos "locked" for a specific period (from days to months), but on some networks you can withdraw at any time, or after a short time.

How to profit from staking?

  1. Choose MASK: Not all cryptos offer staking, and some offer higher rates of return than others.

  2. Pay attention to the return: The staking return varies depending on the currency and the amount of currency locked. For example, you can receive anything between 9% and 23% per month. The more you "invest", the more chances to earn daily rewards.

  3. Security: Make sure you are using a secure platform to stake.

  4. Risks: Like any investment, there are risks. The price of cryptocurrency may drop while you are staking, and as rewards are usually paid in crypto, the value in fiat (such as reais or dollars) may not be as advantageous depending on price fluctuations.

You collect your daily staking profits through smart contracts instantly.

You can convert your staking profit Mask to other cryptocurrencies of your choice and send them to your wallet in seconds.