NAGAX, a decentralized social trading platform that offers access to more than 70 cryptocurrencies, has officially rolled out its crypto staking feature.
The launch brings into the market an additional platform via which investors across the crypto sector can access competitive rewards on their holdings.
According to NAGAX, the new feature will provide for staking opportunities around crypto’s top digital assets like Bitcoin (BTC), Ethereum (ETH), and Polkadot (DOT). Other tokens on the list include the native NGC, BCH, USDT, USDC, AXS, MATIC, ADA, and $APE.
NAGAX staking to boost user rewards
NAGAX staking will allow users to stake the native $NGC tokens for high APY ranging from 12% to 20%. Holders who stake 10,000 $NGC tokens or more will earn minimum returns of 20%, while stakes of below 10K $NGC tokens will attract 12%.
The minimum staking range is 24 hours, but depending on the user, the staked coins can be held for an unlimited time – popular durations include 7days, 14days, and 30 days.
Apart from the flexible staking period, users will also enjoy zero fees and get to add to the overall passive income.
NFT Marketplace in the pipeline
As the crypto market grows and investors seek more opportunities, NAGAX plans to help customers get more from the platform. Plans include adding an NFT marketplace and NAGAX Learn to let users earn as they learn about crypto.