Namaste Tribe! Staking—one of the most anticipated features—is now live on WazirX! Stake your favorite tokens and earn passive rewards effortlessly. 🚀
How to Stake on WazirX
- Buy or Deposit PoS Tokens: Hold a minimum balance of supported Proof-of-Stake (PoS) tokens in your WazirX wallet.
- Automatic Rewards: WazirX handles all technical aspects. Rewards are distributed within the first 15 days of each month.
- Zero Fees: No staking fees—maximize your earnings!
Upcoming Tokens: Tezos (XTZ) and Harmony (ONE) will be added weekly.
Trading While Staking
- No Lock-in: Staked tokens remain tradeable.
- Dynamic Rewards: Rewards adjust based on your staked balance snapshots.
Pro Tip: Trade freely without sacrificing staking benefits!
What Is Staking?
Proof-of-Stake (PoS) Basics
PoS is an energy-efficient alternative to Proof-of-Work (PoW). Validators are chosen based on their token stake, ensuring network security.
How It Works
- Staking: Deposit tokens to support the blockchain.
- Rewards: Earn interest for validating transactions.
- Pools: Combine resources in staking pools for higher rewards.
👉 Learn advanced staking strategies
Benefits of Staking
- Passive Income: Earn rewards by holding tokens.
- Low Barrier: No expensive hardware needed—unlike mining.
- Eco-Friendly: Consumes less energy than PoW.
FAQs
1. Is there a minimum staking amount?
Yes, each token has a minimum balance requirement (e.g., TRON may require 50 tokens).
2. When are rewards paid?
Rewards are distributed monthly, within the first 15 days.
3. Can I unstake anytime?
Yes! Tokens are never locked, ensuring liquidity.
4. Are staking rewards taxable?
Consult a tax professional—regulations vary by region.
5. Which tokens are supported next?
Tezos (XTZ) and Harmony (ONE) are coming soon!
Get Started Now!
Deposit PoS tokens on WazirX and start earning today.
Disclaimer: Cryptocurrencies are unregulated and highly volatile. Conduct your own risk assessment before investing. This content is not financial advice.
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