The answer to this question is simple! Staking AME will help you get even more tokens, and make your money work for you even when you sleep.
Staking is used in networks with Proof-of-Stake (PoS) consensus algorithms. It fully replaces mining, allowing new blocks to be minted and transactions to be verified without using too much processing power.
Here is how it works: users stake some amount of their coins, which are then used to ensure the network validates its transactions correctly. While the coins are staked, they can’t be spent, but they generate yield, rewarding the staker. Staking is, in some way, similar to a fixed-term bank deposit — you lock your funds in your wallet and enjoy returns later.
So, how much can be made this way? Turns out it’s quite decent!
- Basic staking will yield you 50% APR
- VIP staking will yield 100% APR
Admit it, that’s impressive! To put it in perspective, Coinbase has just recently come out with a 4% APY option for staking USDC… Lending DeFi projects offer double-digit yields when banking deposits and other traditional solutions are left far back…
How to get it? It’s simple, really! Download the AMEPAY wallet and start earning yields today!
