Monday, 14 September 2020

Can you Stake Chainlink? Is it Profitable?

What is LINK ( Chainlink ) ?

Chainlink (LINK) is a decentralized oracle network which aims to connect smart contracts with data from the real world. Chainlink was developed by Sergey Nazarov, with Steve Ellis as the other co-founder. It held an ICO in September 2017, raising $32 million, with a total supply of 1 billion LINK tokens.

What is Staking?

It is the process of holding a coin to receive rewards. You receive passive income in the form of interest. The staking profit depends on the chosen coin.

Where to Stake Chainlink? Can you Stake Chainlink?

You can stake LINK in Bitrue exchange. Participants will earn LINK at 7.3 annual interest as a reward.

The daily cap of the program will be released at 10:00 (UTC+8) and 22:00 (UTC+8) daily. The opt-in option will be closed once they reach the daily cap. Once participated, you will be able to receive your coin interest every day, until you opt out.

Your funds will not be locked so you can opt out anytime you want. You can opt in again as long as there's cap opening.

Minimum amount to join: 100 LINK and all users are eligible to participate.

Is Staking Profitable? 

  As for profits, the actual profits you can make from staking will depend on how much you vest and for how long. The more you stake, the more you can make in profit with staking.

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