Hello Folks!
I don't see a lot of talk about Algorand these days. I am a big believer in this Project! If your into Hodling for the long term and accumulating steady growth staking $ALGO in MyAlgo wallet is the way to go!
HOW DO I STAKE ALGO?
Its pretty simple:
1. Open your Wallet here: Algorand Wallet (myalgo.com)
2. Buy Algo from your favorite exchange
3. Transfer you $ALGO to your wallet (The Transfer is almost instant! This Project is Amazing!)
You are now staking ALGO at 6- 7.5%! No governance, no delegations, no sharing ownership of assets! Your earnings update into your total every 9 mins automatically!
"In the Algorand blockchain, users automatically generate Staking Rewards (also referred to as Participation Rewards) by simply holding Algos in their balance. Unlike other proof of stake blockchains where users must be elected or most actively do something to receive staking rewards, in Algorand’s novel Pure Proof Of Stake users do not have to do anything to generate Rewards from their ALGO holdings.
The amount of rewards earned varies by periods. The Algorand Foundation and their Economic Advisory this Participation Rewards. They review and update the amount overtime to optimize the benefit to the Algorand Ecosystem."
-Algorand (ALGO) Rewards (myalgo.com).
Just wanted to share some quick information on some easy passive income from one of my Favorite projects!
