5 Most Profitable Tokens to Stake

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One of the best things about the cryptocurrency industry is that there are so many ways to make money. These include things like DeFi lotteries, selling tokens for a profit, and, of course, staking. Staking is the process of locking away cryptocurrencies for a certain amount of time and receiving interest by the end of the period.

It is an attractive way to earn money from cryptocurrency because it carries little risk and requires almost no effort. For anyone looking to get started with staking, you may be wondering which tokens might bring you the most reward. While there are hundreds of tokens to be staking, some of the most profitable are as follows:

1. QTUM

One of the interesting features about QTUM (The native token of the Qtum Blockchain) is that the token can be staked offline by users. By delegating to a SuperStaker node, your coins never leave your wallet, and you don’t need your computer running to mine transactions. Another important detail is that there is also no lockup-period when staking Qtum.

To stake, all you need to do is open a Qtum Core Wallet and follow the on-site guide to set up staking. With its attractive staking interest rate of around 15,3% and the option of offline staking, Qtum is an industry favorite for a reason. 

Adding to the interest, in just one month, on December 1, Qtum will experience it’s first Block reward halving (every 4 years like Bitcoin), cutting issuance in half, inflation will only be around 0,5% as Qtum is becoming more and more scarce.

2. ETH

Ether (ETH) is the native token of the Ethereum ecosystem and is one of the most in-demand tokens for staking purposes for a number of reasons. First, ETH has one of the most attractive interest rates for staking, with a 7% annual return rate and the fact that ETH is the second-largest cryptocurrency by market cap in the industry.

Staking a valuable token does not come cheap as there is a 32 ETH minimum to pre-stake in the upcoming Ethereum 2.0 ecosystem. The good news is that you can stake smaller amounts on an exchange or join a staking pool to combine resources with other investors.

3. AXS

Blockchain has become very popular in the gaming world and this has given rise to a subcategory of in-game digital assets and cryptos, one of which is AXS. 

AXS is the native token of Axie Infinity, an NFT-based online video game. The video game, developed by Vietnamese studio Sky Mavis, has proven extremely popular and this success has trickled down to its native token.

AXS has been found to bring in a weekly revenue of almost $30 million. Should you choose to stake AXS, you can earn up to 152% per annum, which is a remarkable interest rate by any metric. Thanks to this high figure, staking options for AXS often sell out quickly on exchanges but if you can buy into them, there is much profit to be made.

4. ADX

ADX is not only a highly profitable token but also a revolutionary one for the advertising industry. The open-source crypto is based on the Ethereum blockchain and is used for ad campaign data tracking. It is the native token of the AdEx exchange where advertisers and publishers can collaborate and expand the reach of campaigns.

ADX helps create a unique profile for each user which helps to determine where ads should be targeted and how well they perform. This has translated to a high interest rate for ADX, with up to 46.70% per annum offered for a token that is changing how we interact with ads.

5. AUCTION

Blockchain has a myriad of applications, including buying and selling and this is the basis of the Bounce ecosystem. Bounce allows users to create platforms for the auctioning of products, typically digital. Considering the rise of NFTs and the popularity of auctioning them, Bounce has become immensely popular over the last year, in particular.

At the centre of Bounce is its native AUCTION token which is not an in-demand staking product with up to 32% interest per annum on exchanges like Binance.

Staking has become one of the most popular parts of the cryptocurrency industry, and for good reason. It is a low-effort and convenient way to earn money on your cryptocurrency while also supporting innovative blockchain projects. The above offer some of the best rates in the industry and should be on the radar of anyone looking to stake.

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