In a few years, the AscendEX platform has acquired a special place in the cryptocurrency landscape. Beginners will find everything they need in terms of services, security and choice. Experienced traders come here to seek more advanced tools to increase their performance and returns. Of these, staking is one of the most popular on the exchange. Today, AscendEX announces that the Solana token has entered the list of supported cryptos. Do you like passive income? Follow the leader.
Le Journal du Coin offers you this promotional article in collaboration with AscendEX
Solana lands on the made-in-AscendEX staking
As you probably know, staking is a way of actively participating in the operation of a project. By delegating your tokens to a validator, you help secure the ecosystem and collect part of the rewards and service fees of the network. A true passive income to be backed by the value of your portfolio.
AscendEX already offers to take advantage of remuneration up to 40% higher than the rest of the market. More than 75 different tokens are concerned, including the most famous of them such as BTC, ETH, AVAX or even XRP. There are also offers for different stablecoins.
>> Stake Solana, and discover AscendEX, an extraordinary exchange! >>
From June 13 at 14:00 UTC, you can also stake the Solana token! By doing so, you will get the best rate on the market with an annualized return of 15%and you will get on the train of the star project of 2021. Indeed, this blockchain technology – secured by proof of stake – includes a major innovation, namely a timestamping system called proof of history.
Solana and the promises of Web3
This new architecture allows Solana to process a very large number of transactions per second, making it one of the fastest but also the cheapest blockchains in the world. There are DeFi protocols such as Raydium, Serum or Oxygen but also NFTs with the Solanart or Metaplex sales platforms. Finally, Web3 and its promises are also represented with innovative projects such as Audius, Brave or even Stepn.
By delegating your tokens, you will immediately benefit from staking-related services at AscendEXto know :
- immediate access to your funds with no release delay – which makes it possible to react effectively to market variations
- the possibility of using staked tokens as collateral in the trading of futures contracts or margin contracts – be careful, this practice involves significant risks, use with caution
- the compounding of your tokens on simple activation on your part – Thus your interests are automatically added to the initial bet to increase your staked capital as you go
>> On AscendEX, SOL staking is as easy as a click! >>
AscendEX: performance at the service of the greatest number
Conceived and created in 2008 by veterans of Wall Street, the AscendEX exchange brings together more than a century of cumulative trading experience. First famous for the wide variety of cryptocurrencies available for purchase, it has since developed a full set of tools to satisfy as many users as possible. Spot purchases, Futures or margin trading, AscendEX helps you gradually climb the steps of Decentralized Finance by supporting you at every step with outstanding customer service.
Building on its success, the platform was able to quickly offer the best passive income related to DeFi. This thanks to a relevant and easy-to-use financial product. This is how it now allows its users to enjoy high returns on Solana staking, as on different projects. Indeed, the AscendEX Earn is a clever mix of everything DeFi offers in terms of passive income. For example, rather classic staking on consumer tokens that work in Proof of Stake (POS). But also slightly more spicy protocols – and therefore more risky – such as participation in liquidity pools or farming on high yield protocols.
To celebrate the integration of the Solana (SOL) network into its staking offer, AscendEX is organizing an NFT distribution which will take place very soon. It will be based on the amount of staked tokens and will allow the lucky ones to obtain rare NFTs. More details on this giveway special are expected in the coming days on social networks and on the website website. When the best of blockchain meets the cream of DeFi, you no longer have any reason to deprive yourself of it!