🔥 Introducing WFAIR Staking: 35% p.a. passive income for everybody.
- Wallfair allows you to stake WFAIR tokens at 35% p.a. rewards
- The rewards can be earned after every 3 months.
- No fixed duration, lock up, small print, or surprises
- You can buy WFAIR in minutes with Credit Card, Apple Pay, BTC /ETH
What is staking?
Staking is a method of verifying cryptocurrency transactions. It entails committing assets to a blockchain network and verifying transactions. It also allows participants to profit from their investments in the form of passive income.
You can stake some cryptos and generate a passive income if the token you own allows it. It happens through a staking pool, which is similar to a savings account that pays interest. You can earn 35% each year on the amount of cryptos you stake, just like a savings account.
What is WFAIR staking?
Wallfair is a decentralized betting and gambling platform that allows mobile (first of its kind) people worldwide to enjoy social, immersive, and transparent fun entertainment on the blockchain.
Staking in a new alternative to any type of well-known financial deposits. It allows you the achieve a very high ROI by locking your WFAIR tokens for high-interest rates. Staking WFAIR allows you to earn passive income without locking up your WFAIR tokens for desirable interest rates, which are possible due to the liquidity offered by participants over the network (Remember: tokens are staked for the project’s improvement and sustainability). Moreover, 35% ROI is paid after three months.
But, how does it work?
It’s straightforward: You can buy WFAIR with cryptocurrencies or fiat like EUR / USD. Next, you decide how many WFAIR tokens you want to stake and for what period of time. You will receive quarterly rewards for your staked amount (35% per year paid out continuously, this means every three months you get new rewards added to your account). You can withdraw parts or your entire staking amount within seconds, around the clock, around the world because the tokens are not locked up like other staking coins. On the top of it, WFAIR staking focuses on ‘inclusivity’ element i.e., the novel or non-crypto users can buy WFAIR tokens with Apple Pay, Credit card, BTC/ETH.
You might wonder why you obtain such great rewards?
This is because the blockchain puts your holding to use, such as for product enhancement. To ensure that all transactions are validated and safe, they utilize a consensus process known as proof-of-stake. Meanwhile, if you’ve staked your crypto, it becomes a part of the process as well. Staking is presently possible with cryptocurrencies such as Solana, Polkadot, Ether, and Cardano.
Proof of Stake, a novel consensus technique, has arisen to enhance speed and efficiency while lowering fees. Proof of Stake reduces costs by removing the need for all those miners to churn through arithmetic problems, which is a time-consuming and energy-intensive operation.
Instead, transactions are verified by those who have staked their money in the blockchain.
Staking is similar to mining in that it is the method by which a network participant is chosen to add the most recent batch of transactions to the blockchain in exchange for a reward in crypto.
Users put their tokens on the line in exchange for a chance to add a new block to the blockchain in exchange for a reward. The exact implementations vary from project to project, but in essence, users put their tokens on the line in exchange for a chance to add a new block to the blockchain in exchange for a reward. Their staked tokens serve as a guarantee that each new transaction they make to the blockchain is legitimate.
Validators (as they’re often known) are chosen by the network depending on the size of their stake and the length of time they’ve held it. As a result, the participants who have put the most effort in are rewarded. In a slashing event, users can have a portion of their stake burnt by the network if transactions in a new block are deemed to be invalid.
If you have any questions, please contact us anytime at hello@wallfair.io.
We look forward to seeing you staking WFAIR token soon!
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