Earning rewards via staking is one of the key ways of making your crypto assets grow over time. You are rewarded for putting the blockchain to work by staking your crypto. In this article, we explain cryptocurrency staking and how to generate a return on investment. We look at the most common methods used to stake crypto and explore how to earn passive income at CoinField.
What is Cryptocurrency Staking?
Cryptocurrencies that allow staking use a consensus mechanism, ensuring that all transactions on the blockchain are verified and secured without using an intermediary (such as a bank or payment processor). The staking process will differ depending on the coin you want to stake and the method you use.
Staking your cryptocurrency on an exchange is simple (and most exchanges will have a similar process). Simply make sure the cryptocurrency is in your wallet and choose your preferred staking term. Staking directly from a wallet necessitates a little more knowledge, but that doesn’t mean it’s out of reach for the average investor. You’ll need a wallet that allows you to stake your coins. Simply download the wallet and follow the on-screen instructions. This is also the case with hardware wallets like Ledger or Trezor, which allow you to stake directly from the app.
Earning Passive Income at CoinField
In 2021, exchange coins significantly outperformed traditional cryptocurrencies such as Bitcoin and Ether. This is very positive news for investors wishing to earn passive income from CoinField Coin (CFC), the newly launched utility token that powers the CoinField ecosystem.
You can earn passive income from CFC in the following ways:
1. Participate in the CFC Staking Programme
The CFC community can lock their holdings for a set period of time (ranging from 6 – 24 months) and receive CFC rewards. The rewards are distributed daily and range from 5% to 15% per year (T&Cs apply). There is a limited pool of 50M CFC, so act soon.
2. Join the CoinField Referral Programme
Refer new customers to CoinField and receive 10 CFC and up to 50% commission on trading fees when a minimum $100 deposit is made on the CoinField exchange (T&C’s apply).
3. Become a Partner
There are numerous benefits to becoming an official CoinField partner. Approved partners with active and growing communities can earn up to 50% commission from trading fees and 2.5 CFC when a new registrant makes their first deposit.
Why CFC is a Smart Investment Choice
The team at CoinField are on a social mission to improve the lives of farmers in Africa by using CFC to increase food buying power for African farmers and their families. CoinField has partnered with Tingo, Africa’s largest agri-fintech, to onboard 10 million users of Tingo to the CoinField platform. Later in the year, CFC will be listed on the Nwassa trading exchange.
The growth trajectory for CFC serves to drive high demand for the token. By the end of 2022, CoinField will expand into 18 countries in Africa and expect the customer base to hit 30 million. Additionally, many new and exciting projects are scheduled for launch this year, including the CoinField NFT Marketplace and GameFi domain. These exciting projects add significant value to the CoinField ecosystem to positively impact the value of CFC.
Start Trading Crypto With CoinField
You can access the CoinField trading terminal 24/7 and trade cryptocurrencies with lower fees when you hold CFC in your account!