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Showing posts from April, 2021

HOW TO PARTICIPATE IN STACKING

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How to Stack credits: stacks.co   Hi there, if you have been following my recent posts here, you are probably asking yourself how to take the next step and stack with Stacks, and if you are new, you are not lost either, this will be very easy to grasp though I would highly recommend you to check my past posts here and here to get a general idea on what stacking is and what STX is. So without wasting any time let us delve right into it! Which Stacking methods are there? Generally, there are two methods in which you can participate in Stacking and these are : Delegated Stacking Self Stacking So to know which one best suits you, let us look at them individually. Stacking as an individual This is when you meet the required minimum (currently around 80,000 STX) as shown in the screenshot below: To participate in self stacking there are several ways one can make use of, examples of wallets one can use are the Hiro wallet which you can download here , and also for mobile there is X...

STACKING 101

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 How does one earn from Stacking? This is the same question I had when I first heard about Stacks, it is a word I would find being repeatedly mentioned here and there, so after I made my research this is what I found out. As mentioned in my previous post ,  Stacking is holding Stacks in (STX) your wallet and locking them for a specific period of time, which in turn earns you Bitcoins as a reward. This means that Stacks (STX) not only can be used as a method of payment for one wallet to another but also doubles as a way of investing since it can earn you bitcoin rewards This means that by locking your STX, you get rewarded in BTC, and this reward is usually approximately 9 to 10 percent APY which is way more than what most banks give for saving accounts, for example in the US, according to the SmartAsset  website , most banks offer an average of 0.04 percent APY which is a staggering 250 times! less what is offered through Stacking. So now let's delve a little into how muc...