Blockchain Media Indonesia
SnapEx crypto exchange officially launches feature stake SNAP tokens, a cryptocurrency managed by the exchange, starting April 19, 2022. The rewards stake offered reaches 140.95 percent per year (APY).
This amount is not fixed but is based on the number of participants in it. The more people do take the smaller the percentage of the return.
“Through feature stake SNAP tokens on this SnapEx, the “handler” SNAP can choose two different ways to stake their assets,” said the SnapEx Team in a statement, Thursday (28/4/2022).
What’s that Staking Crypto?
Staking crypto is a way to earn crypto rewards by storing and holding certain cryptocurrencies for a certain period of time.
The goal is to establish a level of crypto trading liquidity. For the services of the participants who do stake, Therefore, they are reward, in this case, the SNAP token.
Staking Crypto is one of many alternatives to earning additional crypto, passively.
SnapEx itself was founded in 2018, focusing on trading crypto derivatives, besides spot market. The crypto derivatives market itself is getting more and more public attention, because: traders can benefit even when the crypto market is correcting.
BySNAP tokens were first introduced in 2021. According to the SnapEx Team, the launch of the token is an important milestone, for them, as it enables SnapEx to become a CFD cryptocurrency exchange (Contract for Difference) first in the world to have its own token and have its own complete ecosystem.
SnapEx does not only serve personal users but many users from the corporate category.
“Now, in its development, the SNAP token has a new feature, namely: stakes that users can passively earn add crypto.
Staker can store SNAP tokens for 45 days or 90 days and can earn more than 140 percent per year. This feature was launched on April 19, 2022,” said the SnapEx Team.
Apart from features stake, the use case SNAP token will be expanded to stake in features liquidity providers (LP). It will be introduced in May 2022. [ps]
SnapEx Important Links:| | | |