Earning with T2X Staking
The number of staking platforms in the crypto world has increased over the years and one of such staking platforms is T2X. So, what is T2X? Can you really stake and earn with it? Is it legit? Well, you don’t have to worry as this article will provide answers to some of your questions. Also, if you would like to learn more about the top staking platforms in the crypto space, then reading the book titled “The Digital World of Crypto Riches” would be a great idea.
What Exactly is T2X?
One of the most rewarding proposals that have drawn investors’ attention to the crypto space is cryptocurrency staking. But majority of the existing staking platforms don’t provide investors sufficient flexibility with the staking period or staking amount. T2X is an extremely lucrative staking decentralized application that was built on the TRX blockchain.
As stated by the team behind the project, the staking DApp was created mainly for the “Stakers.” It was developed based on the ideas behind other staking platforms. Individuals who stake their tokens on the platform get daily interests as well as a small percentage of the entire value of T2X that the Auction Lobby gets each day.
One of the T2X staking portal’s unique features is that it offers participants freedom from high transaction fees and slow payments. The tokens were designed to ensure speedy transactions, which saves participants the stress of waiting for the confirmation of transactions. This makes it one staking platform that can bring digital currency to daily payments as well as the mainstream. The T2X staking portal was launched in June 2020 and has been running since then.
Features of T2X
The platform has the following features:
· Provides participants with Daily Tron Dividends: On a daily basis, 95 percent of the TRX of the previous day spent in the Auction Lobby will be pooled and allocated to users. The allocation would be based on their completed stake terms.
· Daily Auction Lobbies: Each day, the Daily Auctions will begin from 5 million T2X tokens and will be shared between those who were involved in the auction based on the amount they purchased. Over the next 365 days, this will reduce.
To earn daily interests on your T2X token, all you are required to do is to own T2X tokens and stake them on the T2X staking portal.
So, how does it Work?
The starting point is for you to get the T2X tokens and you can exchange TRX for T2X on any crypto exchange that lists the T2X pairs or from the platform’s Staking Portal Auction Lobby. You can also earn it via referrals when you introduce more players to the staking platform.
Presently, staking is only available in the official Staking Portal DApp. As a participant, you are free to have multiple stakes, and if you want to end your stake early, you can also do so. However, if you choose to end your stakes early, then you will be penalized. When you end your stakes early, 50 percent of your earned stakes will be distributed to other stakers. Note that you can’t modify your stake once it has started.
The minimum and maximum duration of staking is one day to 5,555 days. Well, is there a specific limit to the number of tokens that you can stake? The answer is NO! There is no limit to the number of tokens you can stake. As soon as your stake duration ends, all you need to do to complete the transaction is to select the End Stake Function. You should bear in mind that if you fail to claim your ended stakes after two weeks, then you will be charged 1 percent every week that passes.
All you have to do is stake your T2X token for a specific number of days to enable you to earn interest on your tokens. It’s always a good idea to stake more than five days which will make you eligible for the reward day. On the T2X staking platform, every stake is qualified to enjoy a bonus every five days of being active.
In fact, stakes can get 2X interest on bonus days, so if you decide to stake for 15 days, this will make you eligible for three bonus days. At the end of each day, a daily stake pool of T2X tokens will be calculated. Then it will be distributed to every open stake based on the number of tokens each participant staked and it will be available for participants to withdraw once the stake ends.
The T2X team, in partnership with the Void Development Team, has actually created its swap exchange known as XSWAP. With this platform, investors can effortlessly purchase and sell their T2X tokens against other listed pairs. To prevent any form of manipulation, the XSWAP exchange has established transaction and liquidity limits. This anti-manipulation measure was put in place to protect investors against massive pump and dump that is common with some cryptocurrencies. Indeed, the T2X platform was specifically designed for Stakers.
There is no doubt that T2X has, over time, proved to be a legit and extremely lucrative staking DApp that was built on the Tron blockchain. It has managed to attract many users with its powerful and simple UI as well as its dividends that have proven to be sustainable. The entire concept of T2X is creating a rewarding and engaging platform that will benefit all stakeholders while creating a wide use case for the tokens.
