Off-chain Staking - up to 8% return, safe, passive income for everyone!
Raging inflation is taking its toll on consumers' wallets, and rising interest rates will gradually discourage people from taking out loans. At the same time, "safe" investment instruments do not provide sufficient and satisfactory returns.
Cryptocurrency staking allows for passive earnings far exceeding classic banking instruments. It is the main reason investors place some of their funds in cryptocurrency deposits. Such an offer is a response to difficult economic conditions and low rates of return on investments.
Cryptocurrency staking can be on-chain or off-chain. The main difference is that on-chain staking is, in the simplest terms, a process in which investors block their capital to support the validation of blockchain transactions based on the Proof-of-Stake algorithm. The network rewards participation with appropriate rewards measured in the stacked cryptocurrency.
Off-chain staking does not utilize the Proof-of-Stake protocol. It is implemented as a mechanism limiting the supply of tokens in circulation. Because staking is off-chain, you can cancel it at any time without extra cost! You lose nothing while staking off-chain - you only gain!
Geco.one, a cryptocurrency derivatives exchange, offers off-chain staking for BTC, ETH, USDT and the native GEC token. At the same time, it provides a return of up to 8%, depending on the period of blocking the funds. This flexible offer allows you to earn on crypto staking and USDT stablecoin. A particular risk of staking is associated with the volatility of the cryptocurrency exchange rate, so if you fear that - staking USDT lowers this risk.
The mechanism is effortless and is available to all Geco.one users. You just select the cryptocurrency for staking and specify the time of the deposit (you can choose periods of 30, 90, 180 and 360 days). The guaranteed level of return is indicated when choosing a plan.
It is worth noting that if you select a period of, e.g. 90 days but cancel after 35 days, you do not incur any cancellation costs, but you also do not get a reward for staking. Rewards are always paid out after the staking period is over.
A subscription of 5 GEC per month is required to enable staking (currently, one GEC costs around $0.26)
Staking offers much better earnings than traditional banking products. If you want to know more about staking with Geco.one, visit our Learn tab here. You can read about our exchange, GEC token, trading & staking and also watch helpful tutorials.