so i got what staking means but cant find new cryptocurrencies on a list where i buy and stake them. is this a good idea? because i was thinking about creating a new token where this is possible. im thinking about creating a token on the solana blockchain with a reward pool for staking. could this be a thing? what do you guys think?
Steaking new cryptocurrency
byu/OfficialBB inCryptoTechnology
Posted by OfficialBB
2 Comments
First learn the difference between steak & stake.
Kraken has a list of crypto currencies with proof of stake
https://www.kraken.com/categories/proof-of-stake
But.be sure to.research each coin before you invest. Far from all are healthy investments.
Some exchanges also have.offchain staking where you stake your crypto assets in lending.businesses. This is not really staking in the crypto sense but gives you a.chance to earn some apr on your crypto.
In either case make sure you know what you are doing and what the risks are. There are risks in every option and no guarantees you will make a profit,.and in many cases could result in significant losses.