Goods for Staked Crypto: What Is Commodity Staking?

Goods for Staked Crypto: What Is Commodity Staking?

In March 2021, MinePlex — a new-generation mobile crypto bank — launched a product called the MinePlex Marketplace. This marketplace gives users the ability to buy products they can’t afford straight away through the simple act of Commodity Staking. Say you want to buy the latest iPhone or MacBook Pro, but it’s too expensive right now. Making a purchase through commodity staking solves that problem. In this article, we take a closer look at commodity staking, and how it solves the problem of making high-end consumer products more affordable. What is staking? In the cryptocurrency sector,....

Related News

Cardano and Polkadot extend staked capitalization dominance

While Cardano and Polkadot are extending their staking dominance, Tezos has plummeted from the top ten by staked capitalization. The stakes have been upped for Cardano and Polkadot, with the two networks continuing to dominate the staked capitalization rankings.According to data from StakingRewards, Cardano is currently the top blockchain in terms of staked value, with roughly $26.4 billion worth of ADA allocated to securing the network. With Cardano’s entire capitalization tagging $36.6 billion, 73% of circulating ADA are being staked.StakingRewards estimates Cardano stakers are earning....

Staking Rewards: Top Crypto Platforms for Passive Income in 2020

The crypto market is volatile. For those seeking to offset some of this unpredictability with a knowable passive income, staking has become a popular option, with $31B currently staked in various crypto assets. A crucial part of Proof-of-Stake (PoS) consensus mechanisms, staking involves users helping to validate blocks by locking up a portion of their assets in return for a yield. The return is usually a share of the block rewards relative to the staked […]

Staked ETH Trust opens Ethereum staking to accredited investors

The Staked ETH Trust seeks to simplify the staking process for accredited investors and other institutions. Staked, a blockchain infrastructure company and investment manager, is providing institutional investors with a new vehicle in which to invest in Ether (ETH) and earn staking rewards on the Ethereum 2.0 Beacon Chain.The Staked ETH Trust is now accepting private placement to accredited investors, the company announced Thursday. The Trust allows investors to gain direct exposure to Ether and earn staking rewards on their holdings. The return for staking ETH is expected to be up to 8%.....

Eight Exciting Crypto Projects to Stake and Earn Passive Income

If you own tokens or NFTs, dozens of people in the community might have told you about staking. They are not wrong. According to the State of Staking Q1 2021 report by Staked, more than $20 billion was paid out to investors in 2020 in staking rewards. The same report found that the average staking […]

One billion ZIL staked in first few hours as Zilliqa embraces DeFi

A billion ZIL have been staked in a few hours as Zilliqa embraces staking rewards, governance tokens, and a new DEX . The official launch of Zilliqa’s non-custodial staking platform on its mainnet has seen more than a billion tokens staked within a few hours.Zilliqa is a high-performance and secure blockchain platform for enterprises and next-generation decentralized applications. In June, KuCoin and Binance were announced as exchange staking partners but now token holders are able to stake directly into the smart contract without having to go through a third party intermediary.Staking....