If you have been looking for a passive income and maybe considered staking but never quite got it off the ground, this may be a good moment to get started.
To celebrate the 5th anniversary of the Radium blockchain, Radium Core is repeating the extremely popular ‘Stake Like a Boss‘ event, whereby stakers will get rewarded +50% extra coins for staking their RADS. Extra rewards will apply for a full seven days, from 8 pm (ET) 23rd June to 30th June.
How to participate and receive the extra rewards
You don’t have to do anything if you are staking RADS already – everything will happen automatically. New stakers need to follow these five simple steps:
- Download wallet from the Radium Core website & install on your PC
- Buy RADS from one of the sources listed below
- Move the RADS to your wallet
- Unlock wallet, remembering to tick the box ‘for staking only’ (very important!)
- Receive rewards.
Where can I buy RADS?
RADS can be bought on: Bittrex, Bittrex Global, Bitmonex, Bitvoicex, VCC, Litebit.EU, Bitladon, Cryptomate, StealthEX or SimpleSwap using fiat or crypto depending on the exchange. You can also purchase RADS direct on the Radium Core website.
Not sure if you can stake on your computer?
To be able to stake, your computer (your ‘node’) needs to be running all the time. For people that can’t or don’t want to stake at home, we suggest a staking pool such as MyCointainer. In 2019, MyCointainer awarded RADS its ‘hero asset’ label, meaning there are no fees for staking with RADS – another great benefit for our community of stakers. Check out MyCointainer here.
RADS is a Proof-of-Stake cryptocurrency specializing in (but not limited to) data and identity validation/verification, custom assets, decentralized voting, and elections. The maximum total supply of just 9 million coins makes RADS a scarce digital asset. RADS is more than twice as scarce as Bitcoin, ten times faster (1-minute block times), and much more energy-efficient.
Even under normal staking conditions, the estimated annual return on investment (ROI) for staking RADS is 15-25%, thus making RADS staking a very credible source of passive income. The RADS rewards calculator can be found on this site.
+50% staking rewards – how is that possible?
It is possible to generate 50% extra rewards because Radium Core will use the unique ‘Spread Fee Protocol’, as described in the Radium Core white paper. All transactions on the blockchain require the sender to pay a small transaction fee; but unlike most blockchains where the transaction fees are included in the single block that contains the transaction, Radium spreads the fees over 1440 blocks (see illustrations below).
This helps to level the playing field and allow smaller stakers a better chance at receiving a share of the transaction fees. Several transactions with large fees will be executed during the event which will result in stakers receiving 50% more coins.
Visit the Radium Core site and get your RADS and wallet ready in time for the start of the event on 23rd June. The Radium Core team welcomes you and wishes you happy and productive staking!
Disclaimer: This is a paid post and should not be considered as News/Advice.
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