(LUNA) Staking to Enable More Investors To Participate In Its Ecosystem
Huobi Pool (NASDAQ:), the world’s largest staking mining pool under Huobi Group, announced the launch of LUNA staking, offering investors a seamless way to vote for notes and earn rewards on the platform. By staking a minimum of 0.1 LUNA tokens, users can enjoy up to 3.8% annualized returns.
Trades are looking for ways to maximize their return on investments in cryptocurrency. Staking on public chains can prove difficult as many investors must have large balances of tokens to participate in Proof of Stake (PoS) for multiple chains. It is also a complex, multi-step process to verify the contents of every block.
Token holders can now participate in Huobi Pool’s LUNA staking channel and enjoy node advantages such as block-generation profits.
“We are committed to growing the POS industry and our communities. One of the most trusted node service providers in the world, we now provide node service to over 50 projects. We also offer a gateway to the staking process so that our users can gain rewards. We are looking forward to collaborating with the LUNA Community and welcoming even more quality projects in near future.”
Jeff Mei, Huobi Group’s Director of Global Strategy, said:
Huobi Pool also has LUNA and three additional digital assets available on its staking channel. These are XPRT (SOLANA), CSPR, and CSPR. LUNA, a governance and staking token, is what fuels Terra’s entire network. It supports Terra’s stablecoin (UST) and payment processing systems. LUNA’s price has increased by an amazing 2000% since the beginning of 2018. This increase is a result of its exponential growth. Luna is on the verge of breaking into crypto’s Top 10 by market capitalization and has attracted wide adoption from investors due to its unique tokenomics and growing ecosystem.
Huobi Pool’s latest staking campaign for Terra Luna is active from Saturday, 13th November 2021. Participants can take part in this event by staking a minimum of 40 LUNA tokens. Terra has set the rules for the stakes, so the rewards are always changing. The most staked users will receive an additional 1,000 USDT or equivalent value in LUNA as prizes.
Huobi Pool has the same settlement method as Huobi Global, and it is both fast and safe. LTC mining and ETH mining can be redeemed with Huobi Pool Token (HPT), while BTC mining and BCH mining will allow users to receive three assets, HTP and ELA, as well as VCASH.
To receive a fee discount through main currency mining, users can join the Fee Discount Carnival (NYSE :). Based on computing power, the fee rate discounts range from 2% up to 8%. You can invite your friends to join the platform and get rebates. You can get more rebates the higher the computing power connected to the platform.
Huobi Pool provides one-stop services for mining machines, mining pools, mining farms and other related activities, making it easier to be a part of the growing mining community.