UbiStake — earn passive income on a daily basis

The concept of staking provides a particularly attractive avenue for passive income. Staking pays users a percentage of their staked tokens, providing a more dynamic and potentially lucrative return on investment than standard savings accounts. UbiStake, a key part of the large UBIX Network ecosystem, emerges as a smart solution for individuals seeking to earn passive income by holding their crypto assets.

Overview

This article explores the key features, advantages, and earning possibilities offered by UbiStake.

UbiStake connects users holding UBX and various other UBIX Network tokens with PoS earning opportunities available through the UBIX Masternodes, along with providing the ability to invest in UBIX Network projects and receive shares of certain project’s income together.

Users who stake their tokens actively participate in the consensus mechanism, adding an additional layer of security to the network. In return for their contribution, stakers are rewarded, creating a symbiotic relationship between investors and the blockchain. UbiStake distributes the funds received from the Masternodes for creating blocks and transfers profits to users.

Participants can therefore enjoy automatic accrual of passive income by receiving airdrops, POS rewards, and dividend distribution on a daily basis.

Advantages

Easy and Intuitive

UbiStake places a high value on accessibility for users, providing a clear and easy staking procedure. With this strategy, novices and experienced investors alike can easily engage in UBX coin or any other UBIX Network token staking without requiring a high level of technical expertise.

Compound Interest

One of the key advantages is the ability to benefit from compound interest. With compound interest, your crypto assets can grow exponentially over time. This means that not only do you earn interest on your initial investment, but you also earn interest on the interest that has already been accrued. By staking your UBX and UBIX ecosystem tokens with UbiStake, you can effortlessly harness the power of compound interest and watch your crypto assets grow steadily and consistently.

Non-Custodial Validation

By using a non-custodial validation method, UbiStake makes sure that users keep control of their money during the staking process. This commitment to decentralization aligns with the core principles of blockchain technology, providing users with greater security and autonomy.

Inclusive Participation

UbiStake opens up staking opportunities for small investors who do not have significant skills in running servers, the ability to participate in masternodes, maintain network stability, and receive additional income.

No lock-in period

UbiStake allows users to freely withdraw their funds at any time without any lock-in period. This ensures that users have the flexibility to manage their assets and make decisions based on their individual needs and preferences.

Earning Possibilities

There are several ways to get rewards on UbiStake — POS staking, daily airdrops for UBX and UBSN, and dividends for other UBIX Network tokens holding.

UbiStake introduces a shared masternode model, allowing users to stake their UBX coins collectively. Participants contribute to the blockchain’s stability and are rewarded with a percentage distribution of mined tokens based on their investment size in the general pool.

The current rate of airdrops and POS staking for UBX and UBSN is approx. ~0.067% per day.

Total APY for UBX and UBSN is currently about ~28–29%

Along with that, users are able to support UBIX Network projects by holding their tokens in Ubistake and receiving part of the profit generated by a certain project on a regular basis.

This innovative approach not only provides users with a passive income stream but also allows them to actively contribute to the growth and development of UBIX Network. This unique earning possibility adds an extra layer of value and engagement for participants in UBIX ecosystem.

Dividends are distributed as follows (UBSN as an example):

Silent Notary gets income, 20% of it is sent to the burning address, and 80% — to a special “profit distribution address”. Then the distribution mechanism sends 70% to all UBSN token holders according to their deposit amounts, 30% — is taken for service costs.

Performance and Achievements

Since its inception in May 2021, UbiStake has demonstrated impressive results. With over 55 billion UBX tokens staked by more than 3400 users, the platform has distributed more than 350 million UBX in commission earnings. Noteworthy functionalities, such as support for all UBIX Network tokens and a new daily rewards distribution mechanism, have further enhanced the service’s capabilities and improvements to meet the needs of its users.

These achievements have solidified UbiStake’s position as a reliable service in the blockchain industry. The consistent growth in users and the substantial distribution of commission earnings highlight the service’s success in attracting and retaining a large user base.

Where to buy UBX and apply for staking possibilities?

The easiest way to move your assets to UbiStake is to get UBX coins and other UBIX Network tokens on UBIX.Exchange, as there is no need to convert them from ERC-20 network protocol to native UBIX blockchain and the process is easy and takes minimum of time.

Here are step-by-step instructions on how to do this:

• Register on UBIX.Exchange or log in with your Ubikiri profile.
• Deposit some ETH or USDT (ERC-20) to your exchange wallet.
• Go to Trade section and buy some UBX for your ETH/USDT.
• Register or log in with your Ubikiri profile on UbiStake.
• Click “Deposit” button on main screen, select UBX in drop-down menu, click “Get the Address” button, and copy your generated UBX address.
• Please note that the deposit address is for one-time use and exists for 2 hours only. Therefore, send only one transaction to this address. Re-sending funds to a one-time address will result in a complete loss of funds.
• Go to your UBIX.Exchange wallet and proceed with withdrawing your UBX to the copied temporary address from UbiStake.

That’s it! There is nothing more to do. Your UBX will start generating profits automatically.

Conclusion

As traditional financial structures undergo transformation, UbiStake offers an alternative option for individuals to capitalize on their financial resources.

Users not only contribute to the UBIX Network’s stability but also open up opportunities for earning money to go along with their free time.

This innovative approach to generating income reflects the adaptability of UbiStake in the context of changing economic paradigms.