Staking DDK | DDKOIN 101 Guide
By: Coinbox Finance
Tags: Dpos, Ddkoin, Staking, Coinboxfinance, Ddk

We create an in-depth guide for DDKOIN specifically for CoinBox Finance users — where to buy DDK, the success of what has been achieved, and more information about this DPOS (Delegated Proof of Stake) blockchain.

Staking DDKOIN allows you to increase your portfolio reward substantially with advantages to increase your asset units and leverage on the DDKOIN price. It takes less than 10 minutes to read this article and start staking if you already hold DDK.

For those of you who have just heard about DDKOIN for the first time, you can start reading the articles issued by the DDK Foundation from this Medium:

You can also read their official Blog to find out their info and previous announcement history from here :

Announcements:

https://announcements.ddkoinblockchain.com/

Blog:

https://blog.ddkoinblockchain.com/

You can also follow the latest updates from them via their official Twitter and Facebook Group from here:

Official DDKOIN Twitter

Staking

Staking is an essential benefit of holding a cryptocurrency, and dependent on the staking options and background tokenomics, staking your tokens while holding them can offer significant upside.

To not get too technical regarding staking, let us compare staking to something most people are familiar with, a savings account at a bank. Similarly, savings accounts pay you interest for storing your money with the bank and allowing them to use it. While staking, on the other hand, it pays you rewards for providing your coins to help secure the network and validate transactions.

However, in staking, you do not physically transfer your tokens to another wallet. Instead, utilize a “Decentralize Protocol” to stake your tokens decentralized on the network without anyone having access to use or manipulate the staking pool of the operator like other centralized concepts.

There are huge lists of staking assets available for most Proof of Stake and Delegated Proof of Stake networks such as DDKOIN, ADA, Tron, Solana, Algorand, Cosmos, Ethereum, and Tezos, amongst others. When following a long-term holding strategy with your portfolio investments, it is vital to maximizing their passive growth. We’ve all seen the classic graph about the difference in taking advantage of compounding interest at different ages.

You can review lists of staking coins from these links :

However, when staking your crypto, you receive your rewards in crypto and not in fiat. As we will be looking at how to stake DDKOIN, let us use an example of 10,000 DDK. DDK staking offers a reward rate of up to 96% per year currently. The 96% annual return is a nice amount and can leverage your assets against inflation and price declines.

In terms of the Staking Reward in DDKOIN, your portfolio follows the Reward curve that can be referred from their Whitepaper.

Based on the above reward curve, we can analyze the staking reward will be decrease based on this year 8% and will be reduced to 6% when they launched their new upgrade DDK Core21 that will enable the creation of the smart-contract and allow developers to build and publish the decentralized application on the network.

So after one year, with the current 8% rate of 10,000 DDK, your initial capital will have around~19,600DDK (10,000DDK + 9600 DDK). It allows you to increase your token holdings without deploying more capital to take further advantage of the potential upside of DDKOIN.

Let’s use the StakingReward.com legitimate portal to check about POS assets as a reference to see the potential Reward that DDKOIN can generate:

From the screenshot, we can see that the “Current Rate” of Staking Reward 96% yearly with the “Current Price” of DDK around ~$ 0.70 will generate around $706 monthly and can generate around $8594.02 per year.

The following screenshot is that with the same amount of 10,000 DDK when we do COMPOUNDING will produce around 151.94%, which makes a return of $13,601 if calculated in fiat amount.