NOBI Staking is the easiest way to earn rewards
by simply locking your coins
We are delighted to announce the long-awaited migration is complete! NOBI Staking (formerly known as Honest Mining), is the third and latest service in NOBI to complete the two predecessors; NOBI Strategy and NOBI Savings. But before we dive in on NOBI Staking, let’s go through some pretty basic key points about staking itself in case you’re a beginner in cryptocurrencies.
What is Staking?
In short, staking is an activity where you can lock certain coins in your wallet and earn rewards from them. The reward you earned from staking may vary depending on the length of time you hold the coin. Similar to mining, staking is considered a less resource-alternative and has developed as one of the easiest ways to earn passive income in the crypto community.
How Does It Work?
The reason why you can earn rewards from staking is because the blockchain puts it to work. Cryptocurrencies that allow staking use a mechanism called Proof of Stake (PoS), which is the way they ensure that all transactions are verified and secured without a bank or payment processor in the middle. If you choose to stake your coins, it becomes part of that process.
Advantages of Staking
Many crypto holders view staking as an easy way of making their crypto assets work for them by generating rewards, rather than just holding it in their wallets. In addition, staking also has the benefit of contributing to the security and efficiency of the blockchain projects you support. By staking your coins, you make the blockchain more resistant to attacks and strengthen its ability to process transactions. So, If you are a cryptocurrency holder/HODLer, why not start staking?
NOBI Staking: The easiest way to earn rewards from staking
Honest Mining, our staking platform with a number of active users reaching tens of thousands worldwide has completed its migration, and we are very pleased to announce that is now available in the app under a new name; NOBI Staking.
NOBI Staking offers several simplicities in staking. First is there is no lock period, which means you can join/withdraw anytime. NOBI Staking also provides the best coins to stake and earns rewards such as Firo, Harmony, Dash, and many more. All coins listed went through a series of detailed analyses by the NOBI team from:
- Project background, progress & quality
- Blockchain technology & Infrastructure condition
- Staking economics Liquidity on the market
- Community Demand.
Secondly, NOBI Staking offers a faster way to start staking. Users can now instantly join staking according to the minimum join without having to choose a masternode first or contributing a number of seats before starting. And thirdly, NOBI Staking is auto-compounded. This basically means now you can stake with the rewards you earned! Staking rewards will be sent directly to your NOBI account to be included in NOBI Staking. With the new NOBI Staking available in the app, now you can start staking and start earning rewards!
How To Start Stake on NOBI Staking
If you’re a new user, joining a NOBI service takes only 3 quick steps; signing up–verification–deposit. More info about how to join NOBI services in our tutorial. Once you’re done, go to the NOBI Staking tab and select the coin you wish to stake, and all the technical requirements will be taken care of for you. And that’s it! The distribution of staking rewards may vary from one coin to another. You can check your earned rewards from Staking on the dashboard page, or read more about how to moitor your assets(here). Happy staking!