NAGAX introduces crypto staking feature

NAGAX introduces crypto staking feature

By Daniela Kirova - min read

NAGAX, the decentralized social trading platform, has introduced a crypto staking feature for some of the biggest cryptocurrencies by market cap, including Bitcoin, Ethereum, and Polkadot, Coin Text learned from a press release. 

Stake native NAGA coin to generate high returns

You can also stake the platform’s native NAGA Coin (NGC) for high returns on the crypto you hold. This is aimed at helping investors in the crypto space regardless of their level of experience earn passive income on their idle tokens.  

Competitive APR rates 

The staking feature will offer highly competitive APR staking rates and greater returns through the VIP program. Staking time ranges from 24 hours to an unlimited maximum term, which remains flexible. Investors and traders also benefit from zero staking fees. 

Tiered staking returns 

The returns for NGC holders are in tiers, enabling them to earn 12%-20% on their assets. The higher the number of tokens staked, the higher the returns. 

Possibility to gain 75% on investments 

Holders stand to gain 75% more on their investments by staking ApeCoin and other coins through the VIP tiered program as well as by owning NAGA Coin. 

This coin is now more affordable than ever. It’s the best time to obtain passive income with low risk and get dividends on assets. The list of staking tokens apart from NGC also includes $BTC, $ETH, $USDC, $AXS, $MATIC, $ADA, $APE and $DOT. 

Plans for the future 

Apart from crypto staking, NAGAX has a few other features in the works to create the perfect all-in-one social crypto trading platform. 

In the near future, users will possibly be able to copy some of the most successful crypto traders and trade crypto with leverage in NAGAX’s derivatives platform. 

There will also be an NFT marketplace where you can create your own shop and mint on the private NAGAX blockchain for free. 

An intuitive mobile app and NAGAX Learn, ensuring a smooth learning experience to elevate your crypto know-how, round out the appealing offerings.