OnStaking Stock Surges 30% Amid Crypto Staking Boom
1min read Cloud mining, a popular method in the cryptocurrency space that promises profits by renting computational power, has long been a breeding ground for scams. Operators often collect funds, promise easy returns, and then disappear, leaving investors with significant losses. The North American Securities Administrators Association (NASAA) recently released a warning, stating that 38.9% of surveyed regulators expect an increase in AI-driven crypto frauds this year. These frauds use sophisticated tools to dupe unsuspecting investors, making it crucial for individuals to be aware of the risks involved.
Amidst the chaos of cloud mining scams, legitimate alternatives like staking crypto provide transparent and blockchain-verified ways to earn crypto staking rewards. Staking involves locking up your cryptocurrency in a digital wallet to support a Proof of Stake (PoS) blockchain’s operations, such as validating transactions and securing the network. Unlike traditional mining, which requires energy-intensive hardware, staking is sustainable and only requires you to hold and commit your tokens. Yields depend on the blockchain, staking duration, and market conditions.
OnStaking, founded in 2015, is one of the leading crypto staking platforms, serving over 735,000 users across more than 70 blockchain networks. With a total investment of $130 million and 250,000 registered accounts, OnStaking has built a reputation for reliability and user focus. The platform offers automated staking with up to 30% APY, significantly higher than other staking platforms due to their liquidity strategies. New users get a $100 trial to try it out with minimal risk, a rarity in the staking world. Additionally, OnStaking offers an optional 5% referral commission, providing a passive income to those who share their unique link, along with a bounty program that pays $1-$100 for promoting it on social media platforms.
Security is a key concern in investments, and OnStaking ensures that assets are safeguarded by established protocols and partnerships overseen by a global team. The platform offers flexible staking plans ranging from $200 POL to $280,000 Ethereum, catering to both beginners and high stakers. Crypto staking rewards are delivered directly from the network, not the platform, ensuring transparency and verifiability, unlike cloud mining 