SimpleFX Stake & Trade Program

Earn daily interest through staking a wide range of cryptocurrencies without external pools or crypto wallets.

SimpleFX Introduces “Stake & Trade”!

Traders who typically follow a “hold” strategy by purchasing cryptocurrencies to keep them in a wallet for months or even years now have the opportunity to earn additional income through staking and Proof of Stake processes. But in practice, what are staking and Proof of Stake?

Staking.

In simple terms, staking is an active participation process through which transaction validation occurs to verify transactions on a Proof-of-Stake (PoS) blockchain. This process involves locking assets (tokens) to earn active interest and rewards. Staking is also at the core of the transaction validation mechanism called “Proof of Stake.” This mechanism allows adding transaction blocks to a blockchain. Staking enables traders to earn by simply holding cryptocurrencies.

Proof-of-Stake (PoS)

Proof-of-Stake is the consensus algorithm used in cryptocurrencies for transaction management and new currency unit creation. The algorithm uses a random process to select “validators” within a certain group of nodes. Factors like stake age, randomization, and node value are used to determine suitable validators. The Proof of Stake protocol encourages traders to hold a significant amount of crypto, as this increases their chances of being selected and subsequently earning a profit. The stake’s size determines the probability of being selected as the next validator. Once a block is selected, the protocol verifies the transactions. After verification, the block is added to the blockchain, and the node receives transaction fees from the block (earnings).

Recently, SimpleFX has developed a promising initiative that allows traders to leverage the cryptocurrencies deposited in their wallets within an extremely efficient staking pool service, enabling them to receive daily interest and use their funds in margin trading regardless of the amount of crypto they hold: the “Stake & Trade” Program! Additionally, the end-to-end cryptographic structure of the service does not utilize external pools or crypto wallet providers.

• One of the fundamental features of the product, “Stake & Trade,” allows traders to use their balance for margin trading at any time.
• By choosing this investment type, clients won’t need to subscribe or pay any fees related to staking services.
• Clients are free to invest any desired amount and participate in the “Stake & Trade” liquidity pool.
• To further enhance efficiency, “Stake & Trade” automates subscription processes. This ensures that a trader’s staking coins are automatically staked, increasing capital utilization efficiency.
• No waiting period for withdrawals and refunds; clients can withdraw any amount at any time.
• During this period, it’s anticipated that the prices of stakable coins will continue to rise, making investing now a great idea.

Next, the characteristics of the accounts that traders can open to benefit from the “Stake & Trade” product offered by SimpleFX:

Apply for SimpleFX “Stake & Trade” Program

Product Information and Features

How much can you invest through staking on SimpleFX.

The rewards a trader can earn from investments are entirely dynamic and vary based on the Proof of Stake logic of a given blockchain. SimpleFX provides a constantly updated APR based on public information available on any blockchain.

Minimum Tradable Amount.

As mentioned, executing any validator operation in Proof-of-Stake networks requires a minimum amount of crypto. However, with SimpleFX, there are no limitations; every trader can invest any desired amount in the staking liquidity pool.

Getting Started with SimpleFX Staking.

A simple process: Open an account with SimpleFX and make a deposit.

Costs to Incur.

The broker won’t charge any commission and will distribute staking rewards fairly among all participants.

Withdrawal.

Each client can withdraw from their Stake & Trade account whenever they desire. This option applies to any available Stake & Trade account type: TRX, BNB, and ETH.

Using staked crypto for trading on the staking account.

SimpleFX Stake & Trade accounts allow traders to act as they wish. Clients can trade without limitations while simultaneously earning rewards through staking.

Deposit Limitation.

There’s no limit; clients can deposit any amount they deem fit.

Reward received is lower than account’s minimum decimal figures.

If this occurs, the system won’t record the received rewards, and they will be lost.

Staking Reward Payout Times.

Accrued interests will be credited daily. Clients can verify this through SimpleFX WebTrader, and the broker will send a detailed report to the client’s email for reference.

Orders with Profits or Losses not included in staking pool.

For calculating the rewards a trader will receive, only the account balance will be considered.

Apply for SimpleFX “Stake & Trade” Program