Earn Passive Income by Staking Your PVM Tokens
Learn about the way to grow your crypto holdings without buying more!
While many crypto investors mine in order to gain more assets, there is another strategy for the crypto community to earn passive income, which is Crypto Staking.
Many long-term crypto holders look at staking as a way of making their assets work for them by generating rewards, rather than collecting dust in their crypto wallets.
To put it simply, staking is one strategy that can generate a passive income. You simply keep your coins in an exchange for a fixed period of time to earn rewards, or “interest” in the form of additional coins or tokens.
Let’s dive into it to see how staking works!
What is Crypto Staking?
Staking works in a similar way to interest accounts with traditional banks.
Traditional banks pay interest because the bank uses your funds for things like loans and other investments. In staking, your cryptocurrency is put to use as well.
Actually, the blockchain puts your holdings to work by validating transactions and securing the blockchain protocol, for which you are rewarded with passive staking profits.
Earn 7.99% APY with $PVM on HitBTC!
$PVM holders now have the exclusive opportunity to stake their $PVM tokens on HitBTC and earn high yield 7.99% APY staking rewards every 28 days!
Don’t miss out, only a limited number available!