Announcing ASA $BUY Token Staking!
Buying.com is excited to announce the launch of the much awaited ASA $BUY token Staking!
Beginning today, December 3rd, 2021, BUY token holders can now stake their tokens and receive 29.36% APY. We are incredibly excited to offer this opportunity for our loyal investors to bolster their earnings effortlessly.
What is Staking?
Staking is the process of committing one’s crypto assets to support a blockchain network and receiving rewards in return. It can be a great way to use your crypto to generate passive income.
Staking is available with cryptocurrencies that use the proof-of-stake model to process payments. With this model, new transactions need to be validated before they are added to the blockchain (unlike the proof-of-work model, which requires high-energy mining to solve mathematical equations). With proof-of-stake, participants who have staked their cryptocurrency are chosen by the protocol to act as validation of these blocks of transactions. In turn, new tokens are created and rewarded to the participant once the new block is added to the blockchain.
Staking details
Staking is available for the ASA $BUY token (not the wBUY wrapped on ETH) and tokens must be held in the Algo Signer or MyAlgo Wallet.
To access staking, please click HERE.
To access our staking guide, please click HERE.
Staked amounts must remain staked for 30 days in order to withdraw yield. APY will auto compound monthly.
Join the Buying.com Telegram channel for the latest updates on what the team is up to at this exciting time in our roadmap.
Website: https://www.buying.com
Telegram: https://t.me/buyingcom_announcements
Medium: https://medium.com/buying-com
