What Is Staking in Cryptocurrency?

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What Is Staking in Cryptocurrency?

Staking is a popular way to earn passive income with your crypto investments.
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Staking offers crypto holders a way of putting their digital assets to work and earning passive income without needing to sell them.
You can think of staking as the crypto equivalent of putting money in a high-yield savings account. When you deposit funds in a savings account, the bank takes that money and typically lends it out to others. In return for locking up that money with the bank, you receive a portion of the interest earned from lending – albeit a very very low portion.

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Similarly, when you stake your digital assets, you lock up the coins in order to participate in running the blockchain and maintaining its security. In exchange for that, you earn rewards calculated in percentage yields. These returns are typically much higher than any interest rate offered by banks.
Staking has become a popular way to make a profit in crypto without trading coins.

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Deposit your flat currency into a wallet or an exchange and get USDT Bep 20 . The use the USDT to buy Catly and stake your catly to earn 3% daily I come for 15 ďays.
Join Catly now @ https://www.catly.io/mobile/#/pages/cat?rid=910963

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Stake $10 and earn thousands Dollar

When you $10 Catly and invite 5 people to stake $10 your thousands of dollars.
See the estimated Income below.
Sign up FREE now and get Free 500 Catly airdrop @ Here or visit https://www.catly.io/mobile/#/pages/cat?rid=910963

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Sign up free for Catly account @ https://www.catly.io/mobile/#/pages/cat?rid=910963

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