Staking can be defined as a process during which a user's tokens are locked for a specific amount of time. These tokens are typically tokens native to Proof of Work Blockchain Networks. Staking tokens contributes to the security of a Network, and this is why an incentive is paid out to Stakers. Staking is generally very safe and it is a practice that has spread rapidly in the blockchain industry. Staking is available to retail users and to institutions, who can put to work assets who would otherwise remain idle.
The environment in which staking is conducted is extremely important. Non-custodial, permissionless environments are preferred. The Exodus Desktop Wallet does a great job of providing a fantastic staking environment. Within the confines of the Exodus wallet, it is possible to Stake, at the click of a button, tokens such as ATOM (8.93 APY), Algorand (5.59% APY) and Ontology (16% APY). Trading Platform bonuses
Incentives are powerful, and are usually an excellent method of drawing users to a new or established platform. Centralized or Decentralized trading platforms, such as Bittrex and OKEx, often give deposit bonuses to new users, to lure them and encourage them to place trades. The only thing users need to keep their eyes on are the exchange policies, allowing or restricting the immediate withdrawal of those bonuses. Certain users might find themselves the recipients of juicy bonuses, only to find out that they cannot be withdrawn immediately, or that they have to go through a lengthy KYC process. Learn and Earn
Platforms such as Coinbase
give their users the opportunity to earn free cryptocurrency, by watching educational videos about projects and platforms and answering questions to test their knowledge. We believe this is a great way to spread the knowledge about blockchain projects in a sustainable manner. The cryptocurrency rewards are, very often, the native tokens of the projects in question. Right now, Coinbase Earn features Learn to Earn programs for projects such as Clover Finance, Balancer, Stellar Lumens, and many more. While such Learning programs are no replacements for a day job, they provide income that is far from being negligible.
This is a brilliant idea and we do hope this practice of providing incentives to learn about Blockchain technology will spread. Blockchain technology is evolving quickly and is notoriously difficult to understand. Rewarding the act of learning about blockchain provides an entry point into crypto for those who need it and sets the foundation for the next generation of users and developers.