
The biggest staking and shared masternodes platform with over +100 assets. Buy, exchange, trade, stake & earn instantly.

Our goal is to enable easy access to various rewarding crypto mechanisms for all. We want everyone to equally benefit from a changing financial landscape and speed up the global advent of crypto adoption.

We are a self-funded startup that has already grown into a profitable and scalable business in just over 2 years. Get familiar with our history and highlights as well as upcoming plans.





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MyCointainer

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Staking in crypto involves actively participating in transaction validation on a Proof of Stake (PoS) blockchain, where holders of a certain minimum balance can validate transactions and earn rewards. This process is crucial to the PoS ecosystem, as it allows participants to contribute to the network’s stability and security. However, like any investment, understanding the nuances of staking and the risks associated with each specific <a target="_blank" title="See the tag: cryptocurrency (19 posts)" href="https://www.cryptobeatnews.com/tag/cryptocurrency/">cryptocurrency</a> is essential before engaging in this activity.
<div><ul><li><a target="_blank" href="https://www.cryptobeatnews.com/2023/12/16/crypto-staking-uncovering-its-advantages-and-inherent-risks/#How_does_staking_work">1 How does staking work?</a></li><li><a target="_blank" href="https://www.cryptobeatnews.com/2023/12/16/crypto-staking-uncovering-its-advantages-and-inherent-risks/#Benefits">2 Benefits</a></li><li><a target="_blank" href="https://www.cryptobeatnews.com/2023/12/16/crypto-staking-uncovering-its-advantages-and-inherent-risks/#Cardano_ADA_offers_a_unique_staking_model">3 Cardano (ADA) offers a unique staking model</a></li><li><a target="_blank" href="https://www.cryptobeatnews.com/2023/12/16/crypto-staking-uncovering-its-advantages-and-inherent-risks/#Risks">4 Risks</a></li><li><a target="_blank" href="https://www.cryptobeatnews.com/2023/12/16/crypto-staking-uncovering-its-advantages-and-inherent-risks/#Where_can_you_Stake">5 Where can you Stake?</a></li></ul></div>
<h2>How does staking work?</h2>
Unlike proof-of-work (PoW) used by <a target="_blank" href="https://www.cryptobeatnews.com/2023/11/16/what-is-bitcoin-halving-exactly-lets-have-a-look/" title="What do you need to know about Bitcoin Halving? Let’s have a look">Bitcoin</a>, where mining requires significant computational power, PoS relies on participants locking up or ‘staking’ their coins to be selected to validate transactions and create new blocks.
As a reward for validating transactions, participants receive staking rewards. These rewards can be in the form of additional coins or tokens and are often proportional to the amount staked and the duration of the stake. To participate in staking, you typically need to hold a certain amount of a cryptocurrency in a compatible wallet. Some blockchains require users to run a node, while others allow staking through pools or exchanges. Validators are typically chosen based on the number of coins they stake, their staking duration, and sometimes random selection, depending on the blockchain’s specific protocol.
<h2>Benefits</h2>
Staking helps secure the network and can be more energy-efficient than PoW mining. For stakeholders, it’s a way to earn passive income from their cryptocurrency holdings. We will give you 10 benefits of staking:
<ol>
<li>Earn Passive Income: Staking is a way to earn rewards or interest on your cryptocurrency holdings. By participating in the network’s consensus mechanism, you can receive staking rewards, which are often higher than traditional savings accounts or other investment vehicles.</li>
<li>Contribute to Network Security: Staking helps secure the blockchain network. Your stake contributes to the network’s resilience against attacks and ensures the validity and reliability of transactions.</li>
<li>Energy Efficiency: Compared to traditional mining in Proof of Work (PoW) systems like Bitcoin, staking in Proof of Stake (PoS) networks is much more energy-efficient. It requires significantly less computational power and, consequently, less energy consumption, making it a more environmentally friendly option.</li>
<li>Lower Entry Barriers: Unlike mining, which requires substantial initial capital for equipment and ongoing costs for electricity, staking can often be started with a relatively small amount of cryptocurrency and minimal additional resources.</li>
<li>Network Governance Participation: In some blockchain networks, staking also grants you governance rights, allowing you to participate in decision-making processes regarding network upgrades and changes.</li>
<li>Reduced Transaction Fees: Some networks offer reduced transaction fees for participants who stake their coins, as an incentive for contributing to the network’s stability.</li>
<li>Simplicity and Accessibility: Many platforms make staking user-friendly, offering easy-to-use interfaces and simple processes to start staking, making it accessible even for those who are not deeply technical.</li>
<li>Flexibility in Staking Options: There are various ways to stake, including through wallets, exchanges, or staking pools, each offering different levels of control, rewards, and risk.</li>
<li>Compound Interest Potential: Some staking arrangements allow for the compounding of rewards, meaning that the rewards earned are reinvested to earn additional rewards, potentially increasing the total return over time.</li>
<li>Diversification of Investment Portfolio: Staking adds another layer to your investment strategy, allowing for diversification within the cryptocurrency asset class.</li>
</ol>
<h2>Cardano (ADA) offers a unique staking model</h2>
<figure><img title="Cardano (ada) offers a unique crypto staking model - crypto beat news" src="https://usercontent.one/wp/www.cryptobeatnews.com/wp-content/uploads/2023/12/staking-cardano.png?media=1689412846" alt="Cardano (ADA) offers a unique crypto staking model" srcset="https://usercontent.one/wp/www.cryptobeatnews.com/wp-content/uploads/2023/12/staking-cardano.png?media=1689412846 1024w, https://usercontent.one/wp/www.cryptobeatnews.com/wp-content/uploads/2023/12/staking-cardano-300x300.png?media=1689412846 300w, https://usercontent.one/wp/www.cryptobeatnews.com/wp-content/uploads/2023/12/staking-cardano-150x150.png?media=1689412846 150w, https://usercontent.one/wp/www.cryptobeatnews.com/wp-content/uploads/2023/12/staking-cardano-768x768.png?media=1689412846 768w" /><figcaption>Cardano &lt;a title=See the tag ada 5 posts class=autobesttag rel=nofollow href=httpswwwcryptobeatnewscomtagada&gt;ADA&lt;a&gt; offers a unique crypto staking model</figcaption></figure>
One example is quite different or at least unique in crypto staking, and that’s Cardano (ADA). Cardano (ADA) offers a staking model that is part of its Proof of Stake (PoS) protocol, known as Ouroboros. Here are the key features of Cardano’s staking process:
<ol>
<li>Delegated Staking: In Cardano, you don’t need to run a full node to participate in the staking process. Instead, ADA holders can delegate their ADA to stake pools run by others. This makes staking accessible to those who don’t have the technical expertise or resources to run their own nodes.</li>
<li>Stake Pools: These are nodes run by operators who are responsible for processing transactions and creating new blocks. ADA holders can delegate their coins to these stake pools. The rewards are then distributed among the pool operator and the delegators, based on the amount of ADA staked.</li>
<li>Rewards: Staking rewards on Cardano are generated from transaction fees and, during the early phase of the network, also from a reserve of ADA set aside for this purpose. The rewards are distributed at the end of each epoch (an epoch in Cardano is approximately five days).</li>
<li>Non-Custodial Staking: You can stake your ADA while keeping it in a non-custodial wallet, meaning you retain full control over your funds. This is a significant security advantage, as you’re not giving up control of your ADA to a third party.</li>
<li>No Minimum Staking Amount: Cardano does not require a minimum amount of ADA to participate in staking. This makes it highly accessible for small investors.</li>
<li>No Lock-up Period: When you stake your ADA, there is no lock-up period. You can un-delegate and transfer your ADA at any time. This provides a high degree of liquidity compared to some other staking models.</li>
<li>Cold Staking: Cardano allows staking even from cold storage, such as <a target="_blank" href="https://www.cryptobeatnews.com/2023/11/06/how-to-choose-a-cryptocurrency-wallet-your-essential-guide/" title="How to Choose Your Cryptocurrency Wallet: An Essential Guide">a hardware wallet</a>. This feature enhances the security of your staked ADA.</li>
<li>Network Governance Participation: By staking ADA, you also gain the right to participate in the governance of the network. This includes voting on proposed changes to the software and other key decisions.</li>
<li>Automatic Re-Staking: Rewards from staking are automatically staked again, compounding the staking rewards unless you choose to withdraw them.</li>
<li>Decentralization Incentives: The Ouroboros protocol is designed to ensure a balance in the distribution of staking across various pools, promoting decentralization. This is done through mechanisms that encourage ADA holders to delegate to smaller pools once larger ones reach a certain saturation point.</li>
</ol>
Staking isn’t without risks. These include the potential for loss if the value of the staked cryptocurrency drops. Also, some staking systems have a ‘slashing’ mechanism, where a portion of the stake can be lost due to validator misbehavior or network issues. While coins are staked, they are locked and cannot be traded. This can be a concern for those who need liquidity or want to respond quickly to market movements.
Staking in cryptocurrency carries several risks that participants should be aware of:
<ol>
<li>Market Volatility Risk: The value of the staked cryptocurrency can fluctuate wildly due to the inherent volatility of the crypto markets. If the value of the staked coin decreases significantly, it can lead to a reduction in the overall value of your investment, potentially outweighing the rewards earned through staking.</li>
<li>Liquidity Risk: When you stake your coins, they are locked up for a certain period. During this time, you cannot sell or use these coins to take advantage of other investment opportunities. This lack of liquidity can be a significant risk, especially in a fast-moving market.</li>
<li>Validator Risks: In networks where you delegate your stakes to validators, there’s a risk that the validator may underperform or act maliciously. If a validator fails to validate transactions correctly, or violates network rules, they (and by extension, their delegators) might face penalties or ‘slashing’ where a portion of the staked coins is forfeited.</li>
<li>Technical Risks: Staking often involves using cryptocurrency wallets or staking pools. There’s a risk of technical failures, security vulnerabilities, or errors in these platforms, which could lead to loss of funds. Additionally, staking on your own requires a certain level of technical knowledge and a stable internet connection; any mistakes or connectivity issues can lead to losses.</li>
<li>Regulatory Risk: The regulatory environment for cryptocurrencies is still evolving. Changes in regulations can impact the staking rewards, the tax implications of staking income, or even the legality of staking certain cryptocurrencies.</li>
<li>Smart Contract Risk: For cryptocurrencies that use smart contracts for staking (like Ethereum), there’s a risk of bugs or vulnerabilities in the smart contract code. Exploits can lead to significant financial losses.</li>
<li>Network Risks: The security and stability of the blockchain network itself are crucial. Any issues with the network, such as forks, attacks, or significant updates, can impact the staking process and rewards.</li>
<li>Opportunity Cost: By locking your assets in staking, you might miss out on other investment opportunities that could potentially offer higher returns.</li>
<li>Inflation Risk: Some networks issue new coins as staking rewards, which can lead to inflation and devalue the existing coins, including those being staked.</li>
<li>Counterparty Risks: When staking through third-party platforms like exchanges or staking pools, there’s a risk associated with the counterparty’s management and solvency.</li>
</ol>
To mitigate these risks, it’s essential to conduct thorough research, diversify your staking investments, understand the specific staking mechanisms and rules of each cryptocurrency, and stay updated on the market and regulatory changes.
<h2>Where can you Stake?</h2>
Numerous cryptocurrencies support staking, and the terms can vary significantly from one to another. Ethereum, for instance, has transitioned to a PoS mechanism, allowing ETH holders to engage in staking.
Here’s a list of common places where you can stake your crypto assets:
<ol></ol>
<ol>
<li>Cryptocurrency Exchanges
:
<ul>
<li>Binance: Offers staking for a variety of cryptocurrencies with flexible and locked staking options.</li>
<li><a target="_blank" title="See the tag: coinbase (7 posts)" href="https://www.cryptobeatnews.com/tag/coinbase/">Coinbase</a>: Provides an easy-to-use platform for staking, suitable for beginners.</li>
<li>Kraken: Known for its security and range of staking options.</li>
<li>Huobi: Offers staking services for multiple cryptocurrencies.</li>
<li>OKEx: Provides staking along with other crypto financial services.</li>
</ul>
</li>
<li>Dedicated Staking Platforms and Services
:
<ul>
<li>Staked.us: Specializes in staking and lending services.</li>
<li>Figment Networks: Offers staking services along with tools for participating in network governance.</li>
<li>MyCointainer: A comprehensive platform for staking and earning rewards.</li>
</ul>
</li>
<li>Crypto Wallets
:
<ul>
<li><a href="https://www.ledger.com/" target="_blank" title>Ledger</a>: A hardware wallet that allows for secure staking of various coins.</li>
<li>Trust Wallet: A mobile wallet providing staking options for several cryptocurrencies.</li>
<li>Atomic Wallet: Offers staking for a range of cryptocurrencies directly within the wallet.</li>
</ul>
</li>
<li>Blockchain-Specific Staking Platforms
:
<ul>
<li>Cardano’s Daedalus and Yoroi Wallets: For staking ADA.</li>
<li>Tezos Baking: Tezos holders can ‘bake’ or delegate XTZ for staking.</li>
<li>Polkadot’s PolkaWallet: For staking DOT tokens.</li>
</ul>
</li>
<li>DeFi Platforms
:
<ul>
<li>Yearn.finance: Automates the best-yielding farms in DeFi, which includes staking.</li>
<li>Aave: A lending platform where you can stake tokens to secure the network.</li>
<li>Synthetix: Allows staking of their native token, SNX, to mint synthetic assets.</li>
</ul>
</li>
<li>Staking Pools
:
<ul>
<li>Various cryptocurrency projects offer staking pools, which are collective investment schemes allowing participants to pool their resources for staking.</li>
</ul>
</li>
<li>Staking as a Service Providers
:
<ul>
<li>Companies like Stake Capital, Chorus One, or Bison Trails provide staking services for investors who wish to earn staking rewards without the technical hassle.</li>
</ul>
</li>
</ol>
Good luck, and don’t put money in crypto which you can’t miss! 
		<h2>Continue Reading</h2>
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Cryptobeatnews

Why staking in crypto and what are the risks of staking?

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One of the key benefits of blockchain technology is that it can offer banking services without banks.&nbsp;



Instead of banking clerks, there are smart contracts. Instead of offices and guards, there is a decentralized network secured by its consensus mechanism. This is the foundation for Finance 2.0, or <a href="https://thedefiant.io/what-is-defi-ultimate-defi-101-guide/" target="_blank" rel="noreferrer noopener">Decentralized Finance</a> (DeFi).



One of the most sought-after DeFi features is staking. Just as banks pay interest on deposits, smart contracts pay income to tokenholders who stake their assets.



<h4>Making Your Crypto Money Work for You</h4>



Since time immemorial, borrowing and lending has been the lifeblood of any economy. Borrowers need money to grow their businesses, or they may need cash to get out of temporary financial trouble.&nbsp;



In turn, lenders supply funds to meet borrowing demand. To make it worth their while and cover the risk if they don&rsquo;t get paid back, they charge an interest rate, so that borrowers have to return more than they borrowed. Otherwise, why would lenders bother?



This process is now completely automated. Thanks to blockchain&rsquo;s distributed and immutable database feeding smart contracts, the demand for borrowing is easier to meet than ever. In the crypto world, it is interchangeably used with different terms.



<h4>How Does Staking Work?</h4>



Staking is locking up digital assets into a smart contract platform such as Ethereum, Cardano, or Solana. These are all proof-of-stake blockchain networks. Meaning, instead of using specialized ASIC machines to run cryptographic hash functions, as is the case in Bitcoin&rsquo;s proof-of-work blockchain, they use a different method to secure and verify transactions.



As their name suggests proof-of-stake blockchains use economic validators instead of miners. In this consensus mechanism, validators use their locked crypto funds as a replacement for energy-hungry ASIC miners. This is their stake in the network.&nbsp;


<div>
<figure><img src="image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20210%20140%22%3E%3C/svg%3E" data-src="https://lh6.googleusercontent.com/0MJHeuc6o3jgSiWZ-mifZY6O07QJCUzOqjKkqDKbdI2kvLchIlCa2y27LZE-h18qvrna5JkpWTDfg9qZW97f5Xcv5dl7j2xC8b2PmE37h6vbr8kef2Sw941GSpA6EWLM3da2ssJratrxSwUUx2qKoA" alt="">The key difference between proof-of-work and proof-of-stake is their foundation, physical-electricity vs. economic-crypto funds. Source: Etherplan.com</figure></div>


Some view the PoS consensus as a weakness because one would have to own 51% of the network to compromise it. In contrast, a PoW would need to be overcome with brute CPU power, which is at this point virtually impossible.



Whichever system proves itself in the future, validators receive small rewards when people use the network, just as Bitcoin miners do. In fact, when all 21 million bitcoins are mined, miners will also start receiving transaction fees instead of block rewards.



By the same staked token, if validators misbehave, they get slashed. This means their locked crypto funds are reduced.&nbsp;



In the case of the largest smart contract platform, Ethereum, which is soon to transition into a fully PoS blockchain, slashing is done for two reasons &mdash; attestation and proposal offenses.


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<figure><img src="image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20-92%20-35%22%3E%3C/svg%3E" data-src="https://lh4.googleusercontent.com/eTCGMVms6kqw_agNePiN8XoHzwXNt_d5ml4y1gbFHYc3UdsSRJFpXchyJp83zaLjkOxIi06JcvI-BpzZbNTVGEBbnI4_1xCRdFzzEbcHBmOt78cOjg49eN2CNbyHOX8YsYHL9khrgKao90aySIyMEg" alt="" width="-92" height="-35">Source: beaconscan.com</figure></div>


By automating incentives and discouraging dishonesty, proof-of-stake (PoS) networks are secured without centralized institutions. The validators&rsquo; stake is the foundation for the network&rsquo;s trustworthiness. However, staking can also mean something else.



<h4>Staking As Liquidity Mining</h4>



When people use the word &ldquo;staking&rdquo; in reference to cryptocurrency, it can either mean validator staking or liquidity mining. For instance, a crypto trader can say &lsquo;I have staked X tokens into Y platform for a Z yield&rsquo;. This means they have become a liquidity miner by locking up their tokens for other traders to use in exchange for a small cut.



Although centralized exchanges such as Coinbase or Binance provide token swaps the same way banks provide currency swaps, the same can be done with decentralized exchanges. For that to be possible, liquidity has to be provided, so the swaps can run smoothly without delay.







The measure of any market liquidity is the speed with which traders can sell/buy assets without a major price shift. Case in point, non-fungible tokens (NFTs) are inherently illiquid assets because their price is speculative and low in supply, just like in the real estate market.



For regular tokens, an exchange like Coinbase is the market maker that provides liquidity for token swaps. Without them, how can liquidity be achieved? Through the use of <a href="https://thedefiant.io/what-are-automated-market-makers-like-uniswap/">automated market makers (AMMs)</a>. For instance, a decentralized exchange Uniswap uses AMM protocol to make everyone into a liquidity provider.


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<figure><img src="image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20-207%20-69%22%3E%3C/svg%3E" data-src="https://lh6.googleusercontent.com/EHtBrS2W39dmqdNWX-AenSjrPk3qe-N8lEA2seth1hxCJ9z5z-GDTU26TdFWnMMjVPYKTGJrt94vHGT-BQOJ4-WQKubSOhR0HIXvIRHcDqH1_50qliOuPK9Hx1NxVM5xO8Ix4pRii7j_V_Vd_g1xwg" alt="" width="-207" height="-69">Source: Uniswap.org</figure></div>


Everyone with a crypto wallet can become a liquidity provider by staking their tokens into a liquidity pool, which is just another smart contract. Then, when a trader wants to exchange token A for token B, they tap into that pool, giving the liquidity provider a cut.



Likewise, the identical process occurs with lending protocols such as <a href="https://thedefiant.io/what-is-compound-crypto/" target="_blank" rel="noreferrer noopener">Compound</a>, Aave, and others. At the end of the line, staking is a form of passive income utilizing crypto funds. This utilization commonly takes three forms:



<ol><li>Staking crypto assets to secure the blockchain network itself</li><li>Staking crypto assets to provide liquidity on decentralized exchanges</li><li>Staking crypto assets to provide liquidity on lending platforms</li></ol>The big question is, which form of staking utilization is the most profitable? The answer to this question is the main focus of yield famers who are always seeking the next highest APY (annual percentage yield).



<h4>Staking Size and Profitability</h4>



According to <a href="https://www.stakingrewards.com/" target="_blank" rel="noreferrer noopener">Staking Rewards aggregator</a>, the total crypto assets staked across different blockchain platforms stands at about $280B. 







<img width="624" height="357" src="image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20624%20357%22%3E%3C/svg%3E" data-src="https://lh6.googleusercontent.com/ci7FxsZ3qYsHHKhgxfAnupZPR1S8Pt_0iZV4NWea88Dz66TSaQapUjt5TP41NhtSF9tdFGCqVWuYiqshxKU4KVBbg5b9YEXrhE617cVssbwOpk2gmoYIYZxAjXn-tIG6z78PyVUX59-OSH4YXC-Sgcw">Top six cryptocurrencies by staking marketcap: <a href="https://www.stakingrewards.com/" target="_blank" rel="noreferrer noopener">Staking Rewards</a>



As you can see, the staking rewards completely outpace the banking sector&rsquo;s national average savings account interest rate of 0.06%. Moreover, when we examine lending protocols themselves, the staking rewards are even higher.



This effectively nullifies the erosive effect of inflation on savings. Commonly, <a href="https://thedefiant.io/what-are-stablecoins/" target="_blank" rel="noreferrer noopener">stablecoins</a> offer the highest and most reliable staking yields for the simple reason their demand outmatches their supply. After all, stablecoins nullify inherent crypto volatility while also being a cryptocurrency. As such, stablecoins are a natural fit for a cheap and instantaneous global payment system.



<h4>How Can You Start Staking?</h4>



One of the more popular and easiest ways to start earning passive staking income is through <a href="https://www.mycointainer.com/" target="_blank" rel="noreferrer noopener">MyContainer</a>. This dApp relieves you of the manual labor of finding the right coin and the right blockchain to stake in.



Instead, all in one place, it offers over a hundred coins for staking. Once picked, MyContainer leverages those deposits in the background, delivering the staking yields back to you. Therefore, their business model is cut inception &mdash; cut from a cut.


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<figure><img src="image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20210%20140%22%3E%3C/svg%3E" data-src="https://lh3.googleusercontent.com/xlFqnhZJDUDLXsRSqUlvleBlWjit2vv90ioTQzE3UgMUTS0nmp2EBpHcOqpODVLrhM4lwJnYKjDdzQ5aZiSRf9F9rAaxzni3ZTRGOZC7wcucVNWQ6eN0C0H03eZ7A0aQgOb3nrVPuhUVF4bDW-GYZg" alt=""></figure></div>


<h4>Is Staking Worth It?</h4>



Staking is becoming increasingly popular in both the crypto world and traditional finance. After all, it is no secret that day-trading stocks delivers losses for the vast majority of investors. Case in point, an eToro study concluded that <a href="https://www.curiousgnu.com/day-trading" target="_blank" rel="noreferrer noopener">80%</a> of day traders lose money over a year, with an average loss of 36.3%.



Nonetheless, risks in staking should not be disregarded as well:



<ul><li>Crypto volatility, if deciding to stake non-stablecoin tokens.</li><li>Lock-up periods &ndash; while you retain the ownership, tokens are not available during.&nbsp;</li><li>Hacks &ndash; few platforms have insurance. Nonetheless, even those that don&rsquo;t tend to refund assets unless they suffer a reputational hit. For instance, in a recent $600m Axie Infinity hack, the team promised refunds.</li></ul>With these caveats in mind, staking is a profitable venture compared to traditional finance by a significant, inflation-outpacing margin. Moreover, because it doesn&rsquo;t rely on active engagement, staking is a low-anxiety, set-and-forget form of long-term investing.
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The Defiant

What Is Staking?

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 Tallinn, Estonia, 26th January, 2022, Chainwire

MyCointainer, a platform for easy yield staking, announced it has raised $6 million in a Seed Round. The event was led by Maple Block and co-led by Shima Capital &amp; ByBit &ndash; one of the dominant cryptocurrency exchanges worldwide.
Numerous high-profile angel investors also participated in the round. Among them are entities with rich portfolios comprising some of the most renowned industry brands like CoinList, Circle, and Polygon. ConsenSys, Near, 1inch, Algorand, Polkadot, dY/dX, Casper Labs, Mina, Ankr, and Enjin are also there. Most importantly, their support enhances MyCointainer&rsquo;s potential and pinpoints a tight-knit collaboration for future projects.
The company will use the funds to develop its yield-earning platform. This way, it will improve its current B2B products and expand its reach in Europe, Asia, the Middle East, and the rest of the world. Lastly, MyCointainer seeks to increase its expert team by hiring more professionals.
<h2>Yield Earning on MyCointainer</h2>
<a href="https://bit.ly/MyCointainerSeedRoundCOMPLETED">MyCointainer</a> is a platform that enables customers to stake cryptocurrencies and tokens without any hassle. Users can start with as little as 1 EUR and have their pick from more than 100 digital assets, including Polkadot, Cardano, and Elrond.&nbsp;
Anyone can use MyCointainer to generate passive income through staking. The platform allows users to buy specific tokens or transfer them into their wallets. Then, it utilizes the power of blockchain protocols to generate more coins in the users&rsquo; balances as daily rewards.&nbsp;
Furthermore, participants can earn directly from their wallets through delegations. In other words, MyCointainer works like a digital piggy bank enabling people to enjoy their lives while their money works for them.
Some assets generating the best profits on MyCointainer are Cartesi, Polygon, NEM, Synthetic, and Cardano. On average, the yearly rewards are close to 15%.
Polygon is one of the most prestigious projects on MyCointainer, with almost 8,000 active participants at the time of writing. Furthermore, these users&rsquo; annual earnings are close to 12% on the platform.&nbsp;
Many consider Polygon as one of the potential payment forms of tomorrow. For instance, the project revolutionizes the blockchain community and creates a hub where users can interact with decentralized products. Above all, its presence on the platform enhances MyCointainer&rsquo;s reliability and potential.
<h2>MyCointainer&rsquo;s Rise in the Crypto World</h2>
<a href="https://twitter.com/bartoszpozniak">Bartosz Pozniak</a>, an entrepreneur with over 15 years of experience in shaping global digital products, founded and launched MyCointainer in 2018. Previously, he has worked in various industries, including investment banks, and in product teams for Barclays &amp; Deutsche Bank in London.
Pozniak built MyCointainer in its early years through self-funding and company-generated revenue. So far, the platform has generated over $3 million in rewards for its over 110,000 users. The company has a financial institution license in Estonia. Also, its most important markets include the UK, the USA, France, and Italy.
In November 2021, MyCointainer joined forces with the industry-leading blockchain project Elrond and the Maiar Team. The partnership enables the trade of BTC/EGLD, EUR/EGLD pairs, and a simple proof-of-stake (PoS) mechanism. Also, it covers the patronage over the Maiar application. As a result, users can complete specific tasks and receive exclusive rewards from a total prize pool of $6000 in EGLD.
Besides Elrond, MyCointainer has partnered with other important names in the industry, like Avalanche Labs, Waves &amp; Cosmos. Also, the company worked closely with Crypto.com and many other fast and open blockchains for decentralized applications. These collaborations helped MyCointainer scale and grow its platform much further.
Lastly, the MyCointainer team is growing at a remarkable speed. Today, the company employs more than 42 people and plans to expand even more with several new positions opening. Anyone interested in the available roles can visit their <a href="https://www.mycointainer.com/individuals/about-us/careers">Careers page</a>.
<h2>About MyCointainer</h2>
MyCointainer has taken the ambitious mission of <a href="https://cryptoadventure.com/mycointainer-raising-over-6m-in-series-a-funding-round/">providing</a> easy access to various rewarding crypto mechanisms. This way, its users can benefit equally from a changing financial landscape and accelerate global crypto adoption.
The MyCointainer team is available on <a href="https://www.facebook.com/mycointainer">Facebook</a>, <a href="https://t.me/mycointainer">Telegram</a>, and<a href="https://discord.com/invite/gNGu3ct"> Discord</a>, among other social media channels.

<h5>Contacts</h5>
CEO
<ul><li>Bartosz Pozniak</li>
<li>MyCointainer OU</li>
<li>marketing@mycointainer.com</li>
</ul></div>

Ourbitcoinnews

MyCointainer Raises $6 Million in Seed Round to Develop Its Yield Earning Platform

<div><div><figure><a href="https://bitcoinworld.co.in/wp-content/uploads/2020/10/Cardano.jpeg" data-caption=" Twitter)"><img width="696" height="392" src="https://bitcoinworld.co.in/wp-content/uploads/2020/10/Cardano-696x392.jpeg" srcset="https://bitcoinworld.co.in/wp-content/uploads/2020/10/Cardano-696x392.jpeg 696w, https://bitcoinworld.co.in/wp-content/uploads/2020/10/Cardano-300x169.jpeg 300w, https://bitcoinworld.co.in/wp-content/uploads/2020/10/Cardano-768x433.jpeg 768w, https://bitcoinworld.co.in/wp-content/uploads/2020/10/Cardano-746x420.jpeg 746w, https://bitcoinworld.co.in/wp-content/uploads/2020/10/Cardano.jpeg 852w" sizes=" 696px) 100vw, 696px" alt=" Twitter)" title=" Twitter)"></a>Cardano (Courtesy: Twitter)</figure></div><div><a href="https://creatives.affiliate.bitcoin.com/redirect.aspx?pid=2464&amp;lpid=17&amp;bid=1945"><img src="http://bitcoinworld.co.in/wp-content/uploads/2021/01/468x60.jpg"></a></div><figure><img loading="lazy" src="http://bitcoinworld.co.in/wp-content/uploads/2020/10/Cardano.jpeg" alt=" Twitter)" width="1043" height="592"><a href="https://bitcoinworld.co.in/author/samrat-chakraborty/">sam</a> | Bitcoin World Cardano (Courtesy: Twitter)</figure>The multi-asset, regulated platform, eToro has announced today that it will introduce its new staking service for Cardano (ADA) from this month onwards, according to a release emailed to <a href="https://eng.ambcrypto.com/etoro-to-begin-staking-rewards-for-cardano-ada-and-other-pos-tokens/" target="_blank" rel="noreferrer noopener">AMBCrypto</a>.The move comes after the IOHK led Cardano blockchain also&nbsp;<a href="https://medium.com/cardanorss/staking-for-beginners-a-step-by-step-guide-6dda110b2454" target="_blank" rel="noreferrer noopener">introduced</a>&nbsp;its own staking pools that also had IOHK incentivize Cardano holders to begin staking on the network. This proof-of-stake functionality was launched on the Cardano mainnet as part of its &lsquo;Shelley&rsquo; hardfork.&nbsp;However, with eToro&rsquo;s staking of Cardano, the firm has said it would be the first regulated platform to allow staking of ADA in the crypto community. The investment platform, which is regulated in Europe by the Cyprus Securities and Exchange Commission, boasted of having 14 million registered users. According to the release the firm is also regulated by the Financial Conduct Authority in the UK and by the Australian Securities and Investments Commission in Australia.But, in the European market, Estonia-based&nbsp;<a href="https://www.mycointainer.com/insight/" target="_blank" rel="noreferrer noopener">MyContainer</a>&nbsp;is another regulated platform that offers the popular staking alternative, &ldquo;staking-as-a-service&rdquo; provision that enables crypto investors to soft stake PoS coins on their platform.&nbsp;Besides ADA,&nbsp;eToro will launch staking for TRON (TRX) and is currently working on offering future staking rewards on NEO, Tezos, EOS, along with the staking of ETH 2.0, the release stated.&nbsp;Meanwhile,&nbsp;<a href="https://www.binance.com/en/staking" target="_blank" rel="noreferrer noopener">Binance</a>,&nbsp;<a href="https://help.crypto.com/en/articles/2996965-crypto-earn-how-does-it-work" target="_blank" rel="noreferrer noopener">Crypto</a>.com and&nbsp;<a href="https://www.kraken.com/features/staking-coins" target="_blank" rel="noreferrer noopener">Kraken</a>&nbsp;have been operating their own staking pools where the exchanges have deposited tokens like&nbsp;<a href="https://www.binance.com/en/staking/products/c627099edb884b3ea9fe623a7361d7c2" target="_blank" rel="noreferrer noopener">NEO</a>, EOS, Tezos and&nbsp;<a href="https://www.binance.com/en/support/articles/360034222592" target="_blank" rel="noreferrer noopener">TRX.</a></div>

MyCointainer ($)

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