[Taklimakan Blog] Best Cryptocurrencies for Staking

Algorand

In the first place, as part of the answer to the question of which cryptocurrencies can be staked, was the Algorand coin. First, you need to download the project wallet — Algorand Wallet. It is available in two versions: for IOS and Android users.

Then you need to transfer the Algorand coins to the wallet. With the arrival of the cryptocurrency, the system will start staking it. The maximum profitability of Algorand PoS mining in the wallet is 6%. The system distributes rewards approximately every 9 minutes and does not charge a commission from rewards transferred to the user’s account.

Cardano

There are two ways to stake Cardano: by participating in a pool, by launching your pool. In this case, the yield will be up to 7%. To start earning, you need to buy project tokens (Ada) and place them in the pool.