The staking is like shooting fish in a barrel as it usually involves a few simple steps. If you are holding a coin for a long time, it is more profitable to stake it and earn interest than to leave it on a decentralised exchange or wallet where you are not making any extra money.
It makes staking an excellent way to use your cryptocurrencies to generate passive income, especially because some of these coins offer high-interest rates. In most cases, you can earn more than 10% or 20% per year when you stake. Some companies offer a higher percentage, but they are quite difficult to find.
At the same time, not only crypto exchanges but also high-tech companies offer their staking services. That’s why I found a new project called WeWay really interesting from this point. This is a high-tech ecosystem operating on a blockchain and NFT basis, allowing content makers and influencers to maximise their creative power which can also be used for crypto staking. This project has already gained popularity among bloggers, whose audience is more than 10 million people. And staking is an excellent opportunity for all users, regardless of the activity types, to have additional income and make their dreams come true.
Three major staking pools
WeWay have developed 3 staking pools: NANO, MICRO and MACRO which I find really user-friendly. They all have different time periods and annual percentage yield from 34% to 64% so users can choose the most convenient and profitable pool. The company offers the following staking pools:
- Nano pool (7 days) has an Annual Percentage Yield (APY) of 34%;
- Micro (30 days) has an APY of 49%;
- Macro (90 days) has an APY of 61%.
The longer the staking period is, the higher rewards you receive. While some staking platforms allow users to stake for a minimum of 3-6 months, Nano pool allows you to stake for as low as seven days. So this is one of the additional distinctive features of the WeWay high-tech project.
Crypto staking always runs like clockwork. WeWay gives you more freedom in terms of choosing a down payment for staking. You can stake from 3.000 to 200.000 $WWY and receive respective compounded interest based on your chosen staking pool. Another awesome feature of staking on this platform is that $WWY doesn’t require you to lock up your tokens. You can withdraw your tokens at any time you wish.
The company’s stacking is based on the Coinsbit platform. WeWay token is listed now on 3 crypto exchanges: Coinsbit which was mentioned above, PancakeSwap and Tidex. The company plans to list its token on MEXC.
How to choose tokens for staking?
One of the fundamental factors, when you choose tokens, is the forecast of their value growth. Its price will depend on the events in which the project is involved and the company`s plans. This will help you understand whether a particular token is profitable for investment. WeWay stands out strongly in this regard. There are several factors that indicate the rapid growth of the platform and the great potential for investment in it.
On January 11, 2022, the company issued its own token. Then the official marketplace launch took place on March 13. The project has several products in the field of NFT: NFTs created by celebs with a total audience size of more than 10 million people and Experience. Project users will be able to use the second product and write a script, voice the characters and participate in filming with bloggers. Taking into account all the above factors, I can conclude that the token will be very popular, since the project involves celebrities with a large audience, and the idea itself is really fresh and alluring.
And that’s not all. The company plans to build a metaverse with its own concert halls, cinemas, universities, banks and real estate. According to the team’s estimates, the creation of a metaverse will be able to attract more than 15 million people and you can be the first.
All the mentioned above looks like a quite promising opportunity to make some extra money. Staking is a good way to earn passive income in crypto. And with the mechanics that WeWay offers, it seems to be even better.
Moreover, the company has launched a competition among new users: among the first 30 users, WeWay will randomly choose 3 and reward them with cash bonuses. This is a nice chance to increase your income even more.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.