The Waves platform keeps its growth momentum rising; by adding Neutrino System Base Token (NSBT) to run on its Network. The Neutrino Protocol is a multi-Asset, and Price Stability tool that will allow its users to trade on various Assets as well as minimizing price volatility. It comes in to stabilize and democratize the Stablecoin Network. The holders of NSBT can participate in any decision-making process that touches on the protocol.
NSBT Staking
Through recapitalization, the token brings in liquidity throughout all the reserves. Anyone who stakes the Token gets two percent from all Smart Contract Executions fees. The first week of its staking saw over eighty percent of the total NSBT supply in circulation being staked. That translated to around $400,000 Waves and USDN that was paid to the users. The staking is a boost to the Waves Network in that they can select additional Forex Assets as well as minting more Stable Coins for all denominations. The Token is currently trading at around one million US dollars a day. What is more, is the fact that the Coin is being embraced by many crypto platforms?
Now here comes the question: Can anyone make basic money through staking?
Staking can be equated to Mining; however, the amount used here is the difference. Mining requires many resources, whereas in staking you can use minimal resources. In simple language, staking involves Locking crypto coins and be rewarded as they trade. By doing so, the liquidity issue is taken care of as well as offering a passive stream of income to the participant. Another difference is that mining uses PoW while staking uses PoS, which is cheaper. The more coins one stakes the more blocks or rewards.
Now to our question, yes one can make a basic income for the rest of their life by staking. With the Waves platform integrating several Blockchain networks into their network, chances are those staking will be able to continue getting more returns for their coins so long as the Waves or the other platforms exist.
Finally, the creation of more stable coins could be the solution to the challenges that are facing crypto coins today. With this solved, there is a high possibility of the investors being assured of a continuous flow of basic income from their NSBT investment.