When you have a vision for long term for crypto currency, the most probable possession on your side should be "patience of hodl". Yup, keeping that in mind, I have been utilizing and creating an asset based portfolio. In which I will be keeping some token for at least a year. The moto here is to keep those asset and whatever happens, I am not going to sell them until it reaches the full potential of that token.
One of the most anticipated coins atm is POLKA DOT. Currently sitting at top 4 in the coin list of crypto, with a market cap of $38,244,023,625. Not really surprised as the base that it is being build upon, is significantly going to change a lot of prospects for token holders and its infrastructure. Not going to discuss about that today, as DYOR! Since it has a vast majority of community backing it up and the way I have seen its growth, is magnificent!
Since, I was going to hold it for some time and who knows what might end up of it holding, I was thinking to make the best out of it. Staking/powering up is probably the most used word in crypto and in our HIVE Blockchain ;) Which is why, I thought of making the best use of the token. Hold+ make some extra moneeee on the way. Since Binance has been getting a lot of exposure coz of BSC (Binance Smart Chain). And it's launch pad on Binance seems to be a nice way to stake and earn some easy money, if your goal is long term and no sell at this moment.
I was trying to find the best pool to stake since I was trying to utilize those as we go ahead. I choose the LIT pool with DOT staking on it. Ok, yeah. I can see the APY. It is close to nothing. But how about making the best out of it! I am aware there is probably Kucoin exchange which provides best solution for this sort of situation. But my past experience with Kucoin is not really that good. I do not want to visit that place, unless if I have to lol.
Like I said, these are just some prickles along the way. Staked a small portion of my asset. Just to see what happens! I wil run it 2 more days and see what happens. The pool will end after 6 days. So will wait for the next one ;) This is just the learning phase of staking protocol. Who knows, how we will grow along the way.
While do you have anywhere else to suggest about this sort of staking? If yes, please do ;)
Images shared from : Coingecko and Binance
