After listing on the Bitmart cryptocurrency exchange, LuxWorld staking is now officially available on BitMart with an interest rate of up to 200%. This is attracting a large number of users in the crypto community.
After staking, the BitMart will transfer the staked cryptocurrency from your spot wallet to your earned wallet. Your crypto assets will be staked on-chain or other financial management operations and staking rewards will be calculated.
For staking service, users will earn staking rewards without setting up nodes, worrying about minimum staking amount, time length or any mining products. In addition, the user will receive the full amount of the bonus on their deposit. At launch, this exchange did not charge any fees for staking.
LuxWorld staking on BitMart
BitMart offers a staking feature on their platform for users to earn Interest on crypto assets they deposit. While staking, you can freely trade and move your tokens within the exchange without restriction and affect profits.
LuxWorld has announced plans to partner with centralized cryptocurrency exchange Bitmart. LUX will be listed on the floor on February 9. Users can deposit on February 7 and trade on February 10.
Staking LUX on Bitmart will allow users to lock a certain number of tokens. Still, when staking to receive rewards, you will not participate in transaction validation or anything that affects the operation of the blockchain network. You need to lock the coin into the project’s ecosystem and get the rewards back, just like depositing money in a bank for a limited time.
The term and interest rate will be calculated as follows:
- 7 days – 100%,
- 14 days – 150%,
- 30 days – 200%.
As such, staking creates a good source of passive income for you, especially for holders. No need to trade continuously, but your coins gradually increase over time, and you do not have to focus on checking the price list to affect psychology.
LuxWorld is a Web3 lifestyle app with Social-Fi and Travel elements that requires you to check in to earn rewards – the more you check in, the more tokens you earn.
You equip yourself with Luggage/ Node NFTs and use them for checking in. By doing so, you will earn tokens, which can either be used in-game to enhance your NFT assets or cashed out for profit.
In LuxWorld’s platform, Social-Fi allows people to earn through registration while traveling, withdraw NFT, buy NFT in the market, and exchange with people on the platform.
Learn more about the project:
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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