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Author Topic: As a beginner, which tokens should I choose to stake?  (Read 198 times)
VFalcon
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October 14, 2024, 02:31:42 PM
Last edit: October 29, 2024, 01:16:56 PM by VFalcon
 #21

I tried first with btc, but it does not make such ups as before, now you need to look at alts, I chose TFS, I liked the fact that you can staking under a large APY, thereby reducing the risks of direct investment in conventional coins. You can also try, there is a whole ecosystem with this token, so it is very reliable ttps://fairspin.cc/SB2024_10.
TECH NAVICOSOFT
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October 15, 2024, 12:30:02 AM
 #22

I only know that the primary consideration is to choose tokens with potential, but here's the question: besides Bitcoin and Ethereum, what other options do I have? These two tokens are quite a financial burden for me. Also, can the interest generated from staking all tokens be traded?
When considering alternatives to Bitcoi, Binance Coin (BNB) is versatile and widely used on the Binance exchange, while Cardano (ADA) focuses on scalability. Solana (SOL) is known for its high throughput. But No matter which coin you choose to invest in, if you want to make purchases, you can check out www.navicosoft.com services here.
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October 15, 2024, 08:13:00 PM
 #23

Ethereum already suffice for staking, you can literally stake ETH anywhere these days from lending to LST and LRT (you can choose LST and LRT if you want to get some free airdrop bonus but at the risk of contract breach).
I personally wouldn't stake BTC, too much complexity and point of failure with centralized custodian that holds the BTC to peg it 1:1. do your own research about the risk accompanied.

if it's token and not coin, I don't know there are not too much token worth staking, their volatility is too immense while utility is minimal, I'd always settle with coin for staking on chain, because I know it has real utility and not just some shit token with inflated valuation that gonna be dumping in long term.

You can always stake BTC without a custodian (also known as non-custodial staking). The Core blockchain (and I'm not referring to the Bitcoin Core project) offers such feature. Stacks is another project which allows you to earn BTC by staking STX. It's an L2 network which aims to bring the best of both worlds (ETH smart contracts with the security and reliability of BTC). If the OP decides to stake ETH, I'd recommend he does it in the most decentralized way possible. There are decentralized staking pools, decentralized lending platforms, and even re-staking protocols which allow you to earn ETH in a non-custodial way.

Who needs to trust third-parties (custodians) to hold your coins, anyways? The ones that do are none other than newbies. They prefer convenience above all else. The thing is that you could lose it all if the custodian gets hacked, goes bankrupt, or gets shut down by the government. To maximize profits, stake ordinary coins like ETH and the likes. But if you want to "keep it steady", staking (lending) stablecoins would be the way to go. It's a "free market", so you decide what's best for you. Smiley

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