On May 26, NAGAX, a decentralised social cryptocurrency trading platform, announced on Twitter the availability of its crypto staking tool. Users will be able to stake NAGA Coin (NGC), Bitcoin (BTC), Ethereum (ETH), ApeCoin (APE), and Polkadot (DOT), as well as BCH, Tether’s USDT, USDC, AXS, MATIC, and ADA.
The staking function is intended to assist crypto investors (both novices and pros) in earning an additional income from their idle tokens.
The NAGAX staking feature will provide competitive APR rates, with NGC holders earning a higher return through a VIP scheme. The staking time ranges from 24 hours to an indefinite maximum period.
Users who stake for a specific duration can extend their staking term as needed; for example, a user might stake for 24 hours and then extend the period to 7, 14, or 30 days.
The platform has no staking charges, making it an excellent staking platform for cryptocurrency holders. NGC holders have a better chance of earning on the NAGAX platform. Depending on the investment, they can earn anywhere between 12% and 20%. NGC owners who invest more than 10,000 NGC tokens can earn a minimum APR of 20%, while those who invest less than 10,000 NGC tokens can earn a minimum APR of 12%.
NAGAX’s latest move to offer a staking option gives a simple way for customers to earn interest on their existing crypto holdings.
