Make money while you sleep – Staking Explained

While growing – essentially while I was in high school, I learnt about the Fixed Deposit, Current and the Savings kinds of account. I cannot clearly remember if there are others but these are the common ones. I would give a little focus to the Fixed Deposit.


A Fixed Deposit account is a type of savings/investment account that promises the investor a fixed rate of interest. In return, the investor agrees not to withdraw or access their funds for a fixed period of time. In a fixed deposit investment, interest is only paid at the very end of the investment period.


During this period, the bank uses your invested money for quite a number of things – they earn their profit and give you your share in form of a percentage agreed upon on signing the contract.


I do not think it’s a worthy investment here in Nigeria as I do not often hear people talk about this. A major reason would be because of the interest rates or percentages attached to it. Yes! The rates are very minimal – and not worth tying your money down for. I would rather invest in crypto and join the likes of Jeff, Vitalik and Justin Sun. Lol


Unfortunately, the banking world has failed us all. It’s really sad that we can’t rely on them as worthy investments.


And fortunately, there is what we called STAKING in the crypto world – This, I would call a worthy investment.


Just like the Fiat world, Staking is simply holding or locking your coins in your wallet for a Fixed Period (on your terms) then earning interest on it. The reward you earn from staking varies depending on the length of time you hold it. The longer the stake duration, the higher your returns.


Also, the earlier you join the staking pool the better the reward.


Giving this brief introduction, I would be asking, Have you Staked your 1up?


Yes I did and I am one of the earliest stakers and its amazing to let you know that I have been earning 1ups for locking a few of my 1up tokens. You know that feeling when you wake up and see your Uptrennd Balance Bar increased? Yea, that’s the feeling.


Unlike the fixed deposit, staking dosen’t have a fixed amount as it is transparent and open for everyone to see. The 1up is added when it should and can be immediately withdrawn back to your wallet. Which means that, the longer you stake, the higher the reward.


You can unstake at any time you want, you can withdraw at any time too. Am sure I would be the last man standing. You want to know why? Here it is >>>


When someone leaves the staking pool, 5% of the total staked amount is shared (in percentages) amongst those who are still in the pool. Oh Yea! You heard that correctly. – this also applies to those who joins the pool too. Now, you know why we say, the earlier the better and in this case, the patient dog eats the fattest bone. Lol


Are you already asking how do I stake?


Using your wallet Dapp (eg Trust Wallet) – type in stakeup.io and follow the processes. Its easy and simple to understand.


You can stake up any amount you so desire and unstake too when you are tired. Your earnings remains withdraw-able and untouched.


For those times you would be asleep let stakeup earn for you.


Little drops of water make a mighty ocean.


See you at the pool




COMMENT

15

CF BLOG
30 Jun

Interesting, but after staking, can I also add to my staking amount?

31

preview not available St3v3 T88888
30 Jun

Yes you can add to that balance any time you want and if you need to withdraw you dont need to withdraw it all you can select the amount you wish to unstake, also you can withdraw your profits as they come in in the for of 1up dividends, or you can reinvest them and keep growing your stake amount.

3

Idara jackson
30 Jun

 I so much appreciate your reply. I'm having a little challenge as regards to staking. I'm new in the world of Crypto so if you can help lay a little tips on how to go about it I'll appreciate 

14

Abiodun Oguntuyi
30 Jun

You have made me to understand the long time question bordering my mind. I have been wondering about this word"staking", many times I here people talking about staking. please ma, if stake like 5k 1ups for two weeks what is the interest after this period?

24

preview not available Victoria Haruna
30 Jun

lol. honestly, no one knows the answer to that because it isnt fixed. But you would definitely earn

14

Abiodun Oguntuyi
30 Jun

No problem since you have assured me that am going to earn, am going to give it a trial. I pray it turns out good

11

Lala Shahbaz khan🇵🇰
30 Jun

Fixed deposit account story is very interesting and it is the best way of earning without doing any work bit someone use our money in a things and return to is with a specific profit... I think the best way of earning 

17

Zmmuu G
30 Jun

your right.This is a good way to earn in a sleeping mode.im also stake some 1ups in my vault.When its valure will increse than my earning also increase.Than im felling happy.And we could stalked for a long time and hope for increasing the value of 1up.

20

Omoniyi Popoola
30 Jun

I joined the staking pool the day Luke announced it and I intend to leave it till the year runs out

24

preview not available Victoria Haruna
30 Jun

I guess you have started planning your retirement early. Lol

3

Idara jackson
30 Jun

Your post has just motivated me. I'm still having little fear on how to begin bc Im just knew the world of Crypto. If you can assist with few tips I'll gladly love it 

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