Safcoin Crypto Staking

Safcoin is a cryptocurrency trading company which offers a product that is tailor-made for the Africans. The company’s main objective is to become a form of payment which is accepted across the African continent. The company has been in existence for 3 years now, having been launched in South Africa in July 2018. Safcoin is more than just a cryptocurrency and boasts within it an extensive network of functions united under the Safcoin umbrella. It is true that this is a trading platform but you will also be excited to know that you can earn passive income from Safcoin through a tool called staking. This article seeks to explain in detail what staking is all about.
What is Staking
To best explain what staking is, we can try to draw an analogy between staking and fixed deposit accounts because they are quite similar. A fixed deposit is a financial instrument provided by banks which provides investors a higher rate of interest until the given maturity date, and this is the general idea of what staking is all about. If you are looking at making some passive income, then you must consider staking because staking is used to receive passive income from holding cryptocurrency on the POS blockchain. This is one of the simplest ways to make money on cryptocurrency without having to be deeply involved in trading.
By making use of the staking tool, you can actually make a profit for holding funds on one of the plans which are available on the platform. It is quite normal to be a bit skeptical about this but the truth is that staking is safe, convenient, and quite profitable. You need to be very careful about the plan you choose because because these plans have different interest rates, staking times, and holding amounts. The reason why you should make up your mind about the plan you will be taking is that you cannot prolong a plan, what happens is that after you have committed to a plan, you will receive your funds the interest after the plan period. Please note there is no limit to how many plans you can create provided the plan periods are different.
Starting a plan and how much you will get
In order for you to be able to stake, you must start a plan and you can do this by buying either Ethereum or USDT. Starting a plan can either be done on the Safcoin Wallet by making a deposit of the chosen asset to your Saf wallet. After you have started your plan, you must then contact Safcoin at for your plan to be activated.
When you have obtained the amount of crypto you wish to stake, you are then supposed to choose your plan period (Please note that Safcoin will give you an activation certificate when you have chosen your plan period.). That is all you need to do and Safcoin will pay your Plan Roi % into your wallet after the Staking period. The information below shows the three fixed staking options and how much you can earn for each staking option;
Staking Option Earning
1 Month 1%
6 Months 8%
12 Months 20%
From the information above, you can actually see that it is more profitable to use the Staking for a long period than for a short period.

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