Staking is a new wave in cryptocurrency investment because it allows investors to earn a passive income as opposed to trading daily or keeping your crypto investment dormant. If you are an investor on the TON blockchain, you can stake TONs by distributing them to support the operations of the blockchain, such as transaction validation and security.
Investors who stake TONs get income in the form of TON tokens, which is a reward for their locked TONs. So, how do you go about starting an investment that allows you to earn passive income?
What You Should Know Before Getting Started
Investors choose to stake TONs for several reasons. If you are eyeing this opportunity, here are some factors to consider:
· It is a great source of passive income – We have already mentioned that staking TON tokens allows you to earn an income without being actively involved in trading. You are offered a certain amount of tokens for your investment.
· It is a way to contribute to the network – Once you stake TONs, you provide resources to stabilize and grow the ecosystem. This is the reason why you are rewarded in return.
· It has a variety of staking options – If you visit many reliable crypto platforms, you will realize that you can either do short-term or long-term trading options. You can choose what suits you best.
Procedure on How to Stake TONs
If the time has come to stake TONs, then you should follow the right steps, especially if you are a beginner who has never staked TONs before. Read on to know the steps.
· Get a TON wallet – Before buying cryptocurrencies, which TON token is, you should get yourself a digital wallet to store them. So, look for a reputable source for your TON wallet, such as Telegram or Tonkeeper apps.
· Buy TONs – The next important step is to acquire TON tokens from a reliable source. Fortunately, you can buy from various broker platforms, including the Flipper website. Luckily, many modern crypto exchanges support TON trading.
· Choose a preferred method to stake TONs – There are a couple of ways to stake TONs, such as delegated staking, where you delegate your TON coins for validation, or running a validator node, which is a complicated process. All options are rewarding, but some are better than others, so choose carefully.
· Stake like a pro – To stake TONs, you need to deposit the TON tokens you intend to stake into a staking tool. It is easy to monitor the activities on this pool, which is the only step you need to take for now.
How the Future of Staking TONs Looks Like
As you can see, you can stake TONs with ease, but it is best to know what the future holds for this investment. From the previous and current trends, this opportunity to earn passive income will have an increased adoption, more integration with DeFi and dApps, easier access for new traders, and better income opportunities.
This is more than convincing enough to consider this investment. Apart from earning current passive income, it is also very scalable.
Final Words
You can earn a decent passive income by staking TONs. It is an opportunity for both beginners and seasoned traders alike. Now that you know, it is time to research to find the best platforms to use and how much to invest.
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