How to get passive income

The crypto world offers its investors a variety of ways to increase their earnings. While some invest in mining to increase their holdings, others choose crypto stacking instead. Crypto stacking is the process of “locking up” a portion of your cryptocurrency in exchange for a return on their investment to contribute to the blockchain network in the long run.

What is Crypto Staking?

As the need for more efficient and cost-effective transaction processing became more prominent, a consensual process Proof of Stack has emerged. Instead of relying on miners to solve complex math problems, it legitimizes the transactions of people who invest in blockchain.

Basically, users keep their tokens for the opportunity to add a new block to the blockchain in exchange for a reward. And their stacked tokens act as a guarantee of the validity of any new transaction. Interestingly, the system automatically selects the verifier based on the number of tokens and how long the user holds them. So, the more a user invests, the more rewarded he will be.

Advantages of crypto stacking

In addition to creating a passive income stream, crypto stacking has several advantages.

  • No additional investment is required in hardware as proof of work;
  • This is a more environmentally friendly way to legalize transactions;
  • It contributes to the security and efficiency of the blockchain;
  • It may have a very high APY depending on the project.

What is Cocostek?

Cocostek is an example of a stacking program that provides its users with a substantial return on investment. This stacking platform was created by the KokoSwap ecosystem. KokoSwap is a platform that integrates the most common uses of NFT trading, NFT gaming and stacking. It is a one-stop crypto platform where users can share and purchase digital assets while having fun playing games.

KokoStake enables users to use Ether or KOKO tokens to earn high annual interest and generate passive income. The stacking program lasts two years and has a minimum stacking period of one year.

The final word

Stacking can be an effective strategy for crypto investors to earn interest and incentives on their assets. In addition, it may introduce users to aspects of the operation and legitimacy of blockchain networks, which may be of interest to some investors.

Stocking is similar to owning a stock and receiving dividends, or even depositing money in a bank and earning interest. It can be seen as a short-term approach to raising funds, but like any investment, it requires some hard work and research.

About KokoSwap

KokoSwap is a unique platform that combines the thrill of NFT gaming with the improved rewarding functionality of decentralized financing. The platform provides the ability to trade, invest, earn, play and win with key features like NFTs, stacking platforms and NFT gaming.

KokoSwap has always been active in sponsoring various NFT events and has helped several famous artists make their NFT collections available in an invite-only marketplace. In addition to the NFT marketplace, KokoSwap’s NFT gaming is a great tool for earning $ KOKO tokens and generating passive income by stocking digital assets like Ether and $ KOKO.

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