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PoS staking and its advantages
To mine cryptocurrency, you do not have to buy ASICs or build entire mining farms. You can earn cryptocurrency simply by buying coins that work on the Proof of Stake (PoS) algorithm and receive passive income by storing them in your wallet. We are talking about crypto staking. Basically, PoS is also mining, since you also mine coins, however there are a number of characteristics that determine the superiority of PoS.
The advantages of the Proof of Stake consensus algorithm are also its environmental friendliness, simplicity and low cost compared to Proof of Work mining.
What do you need for this? You just need to have a computer with Internet access, a virtual wallet connected to the network, and, of course, buy and store cryptocurrency.
Benefits of PoS crypto staking:
PoS staking liquidity problem
The main problem with PoS staking is that the coins are locked in your wallet and you cannot dispose of them, which means that they are illiquid. Liquidity implies the ability to quickly sell crypto assets at a price close to the market price or use them as a means of payment. In other words, it is how much a particular asset is in demand in the market.
Different assets have varying degrees of liquidity. The degree of liquidity is understood as the comparative cost of exchanging a given asset and similar costs of exchanging another asset (transaction costs).
In any market, liquid assets are considered to be profitable for investment. But the volatility of the crypto market forces investors to think in advance about ways to reduce risks. The easiest one is to form a whole portfolio of investment proposals. Then any unforeseen circumstances with one of the assets can be compensated for by other, more profitable ones. The investment package allows you to average the risks due to surges in asset liquidity.
What is Tosdis?
Tosdis is a revolutionary platform that disrupts DeFi by bringing together staking-as-a-service and liquid staking to open greater accessibility to decentralized finance services use of crypto assets for those who want to use crypto staking without losing access to their assets.
The revolutionary Tosdis model integrates ERC-20 tokens with other blockchains, giving users ample opportunity to freely dispose of tokens while they are staking.
Tosdis EasyStake provides users with a greater degree of freedom in the disposal of crypto assets, and therefore greater availability of decentralized financial services.
How does Tosdis provide liquidity?
Tosdis Staking-as-a-Service solves this problem. Liquid staking Protocol in Tosdis is designed to secure and power DeFi Ecosystem by utilizing the inherent value of any digital asset at stake, such as POS coins.
Thanks to the Tosdis protocol, you stake derivatives, providing assets with liquidity. This makes it possible to use the reserved assets in trading, borrowing and other financial services in the DeFi market.
The unique Tosdis mechanism allows users to use several supported platforms at once, staking their ERC-20 tokens through our smart contracts. Currently, users have access to platforms such as Polkadot, Binance, Chainlink, Tron, Ethereum, EOS, etc.
One of the goals of Tosdis is to create a community where true decentralization, independence and democracy are valued above all else. Thus, for us, users are in the first place, and they, in turn, help us in developing and building a better decentralized financial future for all of us.
Powered by the deflationary Tosdis Token, projects will be able to allow their holders to stake tokens in return for staking rewards. The fees paid by projects for using Tosdis EasyStake will go directly into the deflation mechanism burning TosdiS tokens. This process will continue until 50% of all TosdiS token have been burnt.
This way we’ll be able to guarantee the sustainability and usability of the TosdiS token in the coming years. It will serve as a staking governance token — with valuable utilities, long term sustainability, a fair launch, and designed to add tremendous value to the Tosdis ecosystem.
Learn more about Tosdis features and advantages: https://tosdis.finance
The post Tosdis provides the best cryptocurrency staking and liquidity solutions appeared first on CoinScribble.
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Gerencie todo seu criptograma, NFT e DeFi de um só lugarConecte com segurança o portfólio que você está usando para começar.
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