Inflation is skyrocketing and your savings interest is currently virtually nil. Do you want to get more out of your cryptocurrencies to counter this? Then try to stop cardano (ADA) on Coinmerce. That way you can get decent rewards without doing anything yourself.
What is strike?
Staking is essentially locking up a cryptocurrency and then earning interest on it. This is then the reward you receive for making your coins available. Staking is a method used by blockchains to verify transactions and secure the network. When enough parties have ‘approved’ a transaction, a new block are created on the blockchain. Crypto owners can use their coins for staking and then, as mentioned, receive a reward for this. The whole process of verifying and approving is Proof of Stake (PoS) named.
Cardano strike on Coinmerce
It is very easy to strike cardano on crypto exchange Coinmerce. You can do this with the push of a button via the website or the app. Through the Proof of Stake concept, users can validate blockchain transactions in proportion to the number of coins the user owns.
Placing Cardano on Coinmerce is easy as mentioned, but it’s more than just the simplicity that makes it attractive. For example, Coinmerce makes Polish for their users. This pools forces, giving everyone a chance to win more rewards.
Currently, the estimated annual reward at cardano is 4.5%. So if you stake $1,000 in ADA, you would receive a $45.00 reward at the end of the year. When you fix it for another year, €1,045 will be staked, so that the return can increase considerably over time. By staking it is possible to get more out of your cryptocurrencies. By simply making them available, you have a chance to win great rewards. Groceries are getting more expensive but perhaps in the future you will be able to pay them in part thanks to the discontinuation of cardano on Coinmerce!
Want to get started with a strike on Coinmerce? Then create an account on the website and discover the possibilities! You can also read our Coinmerce review here.