A Beginner’s Guide to Staking with SnapBots — Earn Passive Income
If you’re familiar with Cryptocurrency Trading, there’s no doubt that you have heard about or even practiced staking your assets. For those who are new to the world of crypto, what is Staking? Staking simply involves holding, or ‘HODL-ing’ Assets in your Crypto Wallet. It’s a way of directly Earning Rewards for participating in the ecosystem.
In the midst of volatility and uncertainty, it is one of the best and simplest methods to maximize your holdings that would otherwise be sitting without purpose in your wallet. It is a better alternative to mining if you are a ‘hands-off’ individual, and a great opportunity to make passive income.
The rate of return for staking usually ranges between 4% and 10%. However, using Artificial Intelligence (AI) and Machine Learning (ML), SnapBots has developed Three Staking Strategies that have a rate of return ranging from 30% to 50% annually, based on historical performance. The Strategies range in risk, allowing stakers to pick one that suits their risk appetite.
- Cradle — For the Risk Adverse
- Ayers — For the Risk Neutral
- Silk — For the Risk Lovers
Each of these strategies rely on bots that lock in arbitrage opportunities, utilize short-term trading opportunities or access historic trading patterns, turning them into successful trades. SnapBots represents a community of artificial-intelligence-powered financial Bots designed to help everyone work more efficiently in the cryptocurrency and financial industry.
The steps you need to take to begin Staking are straightforward. After Creating a SnapBots Wallet, all you have to do is follow these 4 easy steps:
Below is a screenshot of how you would execute staking on the SnapBots app. In this example, if I stake 1000 SNAP, equivalent to 845USDT (1 SNAP = 0.845 USDT), I would get an estimated 41.42 SNAP at the end of the month as rewards. Without raising a finger to perform any trades.
Still hesitant on staking with AI Trading Bots? Take a look at this performance snapshot for a user that staked from 08/09/2020 to 01/10/2020:
With 17,272 SNAP coins (14,594 USDT), you could get 622 SNAP (525 USDT) as rewards at a rate of 4.7%! No effort from your side, except for waiting for your weekly or monthly reward.
Now that you have the knowledge on staking and the perfect platform to perform it, simply open your wallet and start earning passive rewards!
Calculate your potential earnings with Staking here.