EGLD staking is now live in the Crypto.com

Sommaire :

With the recent integration of on-chain EGLD staking into the Crypto.com application, users now have a convenient new route to securing the MultiversX network while earning attractive rewards.

This article delves into the details of this exciting development, highlighting its importance, the staking process, rewards, and more.

Introduction

In a bid to improve the accessibility of blockchain networks, Crypto.com has introduced on-chain EGLD stackingt to its application, offering millions of users an efficient way to contribute to the security of the MultiversX network.

This development is a boon for those seeking both security and rewards.

The importance of On-chain stacking

On-chain stacking is not just a buzzword; it represents a crucial aspect of blockchain security.

By actively participating in the consensus mechanism, users contribute to the validation of transactions and the overall security of the blockchain.

In the context of Cosmos and MultiversX, on-chain staking takes on added importance, as it strengthens these networks against potential threats.

Starting the staking process

Starting On-chain staking on the Crypto.com application is a straightforward process. Users can follow a handy guide to start stacking, underlining the platform’s commitment to user-friendly interfaces without compromising on security.

To start investing, simply visit Crypto.com and follow the step-by-step instructions. The process ensures that even staking novices can participate with ease.

Rewards for staking

One of the most attractive aspects of staking on the blockchain is the potential for lucrative rewards.

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Not only do stakers contribute to network security, they can also earn rewards in return.

Rewards depend on factors such as the amount staked and the length of the staking period.

Flexibility in destocking

Flexibility is a key consideration for users, and Crypto.com addresses this by allowing users to destock their assets securely and conveniently.

This feature addresses concerns about liquidity, ensuring that users have control over their wagered assets should the need arise.

Comparative analysis with other staking options

Comparing on-chain staking with other popular staking options gives users a clear understanding of the unique advantages offered by Crypto.com.

Whether it’s the variety of assets supported, the simplicity of the staking process or the potential rewards, Crypto.com stands out in the industry.

Conclusion

In conclusion, EGLD On-chain staking in the Crypto.com application opens up exciting possibilities for users.

It’s not only a safe way to contribute to the security of the MultiversX network, but also a chance to earn rewards.

With a user-friendly interface, a diverse range of supported assets and a commitment to security, Crypto.com is establishing itself as a leading platform for on-chain stacking.

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