- There is an NFT Marketplace where users can construct their own shop on the private blockchain of NAGAX.
- Holders of the $NGC token may earn anywhere from 12% to 20% of their assets’ value in staking rewards.
Crypto staking has been added to NAGAX’s decentralized social trading platform, featuring Bitcoin ($BTC), Ethereum ($ETH), Polkadot ($DOT), and other prominent cryptocurrencies. Additionally, users may stake their own NAGA Coin ($NGC) on the platform to make a healthy return on their investment. The new initiative promises to enable both novice and experienced investors in the crypto world to make money from the tokens sitting in their wallets.
APR rates will be competitive with the industry when the NAGAX staking function launches on May 26th, with $NGC token holders being able to earn more on their staked coins via the VIP program. The lowest holding duration for practically assured ROI is 24 hours, and the highest holding term is indefinite, allowing investors the chance for bigger profits. However, users can prolong their staking duration to seven, fourteen, or thirty days. Investors who choose to stake their coins may do so for as long as possible, with no end date in sight.
Members of the NAGAX platform who have $NGC tokens get increased incentives. Holders of the $NGC token may earn anywhere from 12% to 20% of their assets’ value in staking rewards, divided into three tiers. Owners of NGC tokens who have invested at least 10,000 $NGC will receive a minimum of 20% APY, while those who have staked less than 10,000 $NGC would earn roughly 13% APY.
Staking has emerged as a major benefit for players in the crypto ecosystem as it transitions from a PoW consensus method to a PoS consensus algorithm. By holding NAGA Coin ($NGC) and staking other currencies like ApeCoin ($APE) via the VIP tiered scheme, users might receive 75% more on their investments.
Tokens such as the NAGAX native token, $NGC, will be added to the staking list, as will BTC, $ETH, $BCH, $USDT, $USDC, $AXS, $MATIC, $ADA, $DOT and $APE in the NAGAX crypto staking option. There is an NFT Marketplace where users can construct their own shop on the private blockchain of NAGAX, a user-friendly software, and a learning experience to enhance your crypto expertise through NAGAX Learn.