Earning money by staking LQR token
Currently, BKEX Exchange provides a staking platform to LQR token holders. The Process is simple. All you have to do is keep your assets in your wallet and get rewarded. In the following, you will learn about staking this popular token.
What is Staking?
In general, staking is buying cryptocurrency and depositing it in the wallet. staking is done to support the security and operation of the blockchain network and this operation will be rewarded.
Staking LQR Token
Account holders can keep their cryptocurrencies in the BKEX exchange for a certain period and earn money through this deposit. During the first 30 days, the assets will be locked and you will not be able to withdraw or trade during this period. You can then withdraw or trade the LQR token. It is a suitable mechanism for long-term holders as in return, it brings a higher income.
LQR token staking Tutorial
To start, visit the BKEX exchange site. Then through the Finance section, select the Staking option, there you can find and select the LQR token at the bottom of the page. now click on Lock Now. In the Lock Amount section, enter the amount you want to stake on. To complete the staking process, just check the box below and then click on Lock Now. Finally, you will receive the final confirmation and your order will be registered.
LQR token stake interest rate
The interest rate of staking LQR tokens is 24% per annum and the minimum stake amount is 4,000 tokens. As it is mentioned before, your asset is locked for 30 days and after that, you can withdraw your token at any time. once your order is confirmed, The interest will be paid in LQR and can be withdrawn daily at 15:30 IRST