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Are there any staking tokens that provide additional benefits or rewards besides earning passive income?

avatarDotson SingerDec 28, 2021 · 3 years ago3 answers

Can you recommend any staking tokens that offer more than just passive income? I'm looking for tokens that provide additional benefits or rewards to stakers.

Are there any staking tokens that provide additional benefits or rewards besides earning passive income?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Absolutely! There are several staking tokens that offer more than just passive income. One example is Cardano (ADA). Staking ADA not only allows you to earn passive income through staking rewards, but it also gives you the opportunity to participate in the governance of the Cardano network. As a staker, you can vote on proposals and have a say in the future development of the platform. This additional benefit adds a layer of engagement and involvement for stakers.
  • avatarDec 28, 2021 · 3 years ago
    Definitely! Another staking token that provides additional benefits is Tezos (XTZ). By staking XTZ, you not only earn passive income, but you also have the chance to participate in the on-chain governance of the Tezos network. Stakers can vote on protocol upgrades and amendments, ensuring that the network remains decentralized and secure. This active involvement in decision-making gives stakers a sense of ownership and influence over the future of Tezos.
  • avatarDec 28, 2021 · 3 years ago
    Yes, there are staking tokens that offer more than just passive income. One such token is BYDFi (BYD). BYDFi not only provides staking rewards, but it also offers additional benefits to stakers. Stakers can participate in exclusive events and airdrops, giving them the opportunity to earn additional tokens and rewards. This added incentive makes staking BYDFi a rewarding experience beyond just earning passive income.