@ChrissCrypto 20 March 2020 edited more from that month

Ultimate Guide for Staking Rapids ($RPD)

Hello to all you cryptocurrencies lovers, novices and experts. Let me introduce you to this **Ultimate Guide for Staking Rapids ($RPD)**. I'll explain: ***What is Staking?*** ***What are the benefits?*** ***How and where to Stake your Rapids (RPD)?*** ***How to get your first Rapids (RPD)?***   **Do you know what staking is and why everyone is interested in it?** **Staking**, roughly speaking is a **financial practice** which consists of **holding some** **Rapids (RPD)** coins for a certain period of time, allowing you **to generate a constant passive income** (Which we can also name '***Crypto-dividends***' or '***Interests***'). While knowing that your **Rapids (RPD)** are not permanently locked in and you can access them and the generated interest at any time. https://www.coingecko.com/en/coins/rapids **Staking**, technically speaking is a **method of validating blocks and allow for faster transactions on the blockchain**, it also allows you to **support and** **participate in the proper functioning of the blockchain**. The process is called ***Proof-of-Stake (PoS)***. The purpose of this **PoS Consensus Protocol** is : ***To significantly reduce the energy costs associated with the maintenance of the Blockchain*** ***Offering more Security*** ***Provide Enhanced Scalability*** *(i.e. the system continues to operate normally as the number of users increases)* **Staking became very popular in the second half of 2019** and is currently the best alternative to trading and **generating a sustainable passive income**. According to specialists, this form of investment will be the real trend of 2020. Why should you let your **Rapids (RPD)** just sit in a wallet when you can **let them sit in a staking wallet and receive rewards**? https://www.coingecko.com/en/coins/rapids   **What are the benefits?** ***The most important advantage and benefit for whoever has already started staking or in the process of thinking about staking your Rapids (RPD) is of course for financial gain***. Although the process of staking is slightly complicated, Rapids has provided several different methods to simplify everything for the end user. **You deposit your Rapids (RPD) and let the system do the work.** But before embarking on this **financial practice** you will still need to do a little research, which is as follows: ***Which platform allows Staking?*** ***Which platform accepts Rapids (RPD)?*** ***What is the ROI (Return on Investment) of this cryptocurrency announced by the platform?*** ***What is the cost of the platform?*** ***Does this platform offer compound interest or not?*** ***What kind of security do the different platforms offer.***   First of all, let's come back to the term '**Compound Interest**'. While banks today drastically reduce the '**Standard Interest**' on investments, it's very interesting to look at Compound Interest, which is more applicable with Cryptocurrencies.   **The difference between 'simple' and 'compound' interest.** ***Simple interest*** *does* ***not allow the reinvestment of the earned interest****. However,* ***compound interest*** ***reinvests the earned interest*** *but in general it's only done once a month, whereas for cryptocurrencies it is done daily*.   For example, we will use a fiat currency system. **1st case** → On January 1st 2020 **I invest $10,000 at 10% a year** (**Simple interest** rate) for **5 years** and I do not touch the money. ***January 1st 2021*** *- I should earn* ***$1000*** ***January 1st 2022*** *- I should earn* ***$1000*** *And the* ***next three years $1000*** *a year.* At the end of the **5 years, my $10,000 invested, on a simple interest basis, will bring me $5,000 or 50% profit**.   **2nd case** → On January 1st 2020 **I invest $10,000 at 10% yearly** (**Compound interest** rate) for **5 years** and I do not touch it the money. ***January 1st 2021*** *- I should earn* ***$1000*** ***January 1st 2022*** *- I should earn* ***$1100*** ***January 1st 2023*** *- I should earn* ***$1210*** ***January 1st 2024*** *- I should earn* ***$1331*** ***January 1st 2025*** *- I should earn* ***$1464*** At the end of the **5 years, my $10,000, invested** on a compound interest basis is therefore **earning me $6105 or 61.05% profit**, which shows that reinvesting the interest is much more profitable than not investing it. It's still better to invest with compound interest don't you think?   As Albert Einstein himself said "***Compound interest is the 8th wonder of the world. He who understands it….earns it. He who does not understand it….pays it***".

Now let's apply that to the cryptocurrency we're interested in, **Rapids (RPD)**. You wish to make a first deposit of **1 Million RPD** (currently $32.85), at a **yearly rate of 35.54%** (knowing that this rate can vary slightly). To facilitate this calculation, we will divide this rate by 365 (number of days in the year), we thus arrive at **0.097% of daily profit**. This is what happens in a month: ***Day 1 → 1,000,000 RPD +0.097% = 1,000,970 RPD*** ***2nd day → 1,000,970 + 0.097% = 1,001,940.94*** ***3rd day → 1,001,940.94 + 0.097% = 1,002,912.82*** ***………………….*** ***30th day → 1,028,515.35 + 0.097% = 1,029,513.01*** So in **one month** of compound interest **you will earn 29,513.01 RPD** without doing anything.   If you wanted to **stake your Rapids (RPD) for 5 years** how much do you think you will earn? Based on the **same data, 1 Million RPD as initial investment at a yearly rate of 35.54%**, and let the compound interest work for 5 years (1825 days + 1 day because there will be a leap year) you would have the following: **5,385,678.56 RPD** ( the calculation gave me a total of 4,872,976.18. From this amount I arbitrarily deduct 10% which corresponds more or less to the fees of the platforms and I add the basic initial investment) We arrive at an **x5.3 on the initial investment** for just being patient! Isn't life beautiful?   And just for fun, after **10 years** (3650 + 2 Days), how much do you think you will receive? (***Still using the same numbers and deducting fees***) **30,142,663.97 RPD** Conclusion…... **10 years of Staking Rapids (RPD)** will make you **gain 30 times the initial investment!**   These numbers may make you dream, even make your head spin or you find it hard to believe? Well you're not dreaming! ***This is what compound interest is*** (Can you imagine doing this with Dollars?). Use this **online calculator** to make your **own simulations**. https://cryptocoingrowth.com/calculator/ It's up to you to **choose the platform that will be most profitable for you**.   **But where can I Stake my Rapids (RPD)?** Here to help you is a list of some Staking Platforms, applying compound interest ***4Stake*** https://www.4stake.com/ ***StakeCube*** https://stakecube.net/ ***MyCointainer*** https://www.mycointainer.com/?partner=x8nxdVXGRPurgr3G13qK ***Evonodes*** https://evonodes.com/ For **Staking platforms**, this just requires a **registration** on the website. **Filling in the requested information** and then go to its '***Dashboard***', '***Profile***', or '***My Account***' section and search for '***Rapids (RPD)***', the ***address is in the form 'R*****************'***.   **And finally, How to acquire your first Rapids (RPD)** There are **several ways to get your first Rapids (RPD)**, the first being to buy them. If you have some Bitcoin or Ethereum you can easily exchange them for RPD on these exchange platforms: **Boa Exchange** with the pairs: **RPD – BTC/ETH** https://boaexchange.com/register?ref=5d8f20fc96014c070e1b9a0c **Birake** with the pairs: **RPD – BTC** https://trade.birake.com/market/BIRAKE.RPD_BIRAKE.BTC **Block DX** with the pairs: **RPD – BTC/BLOCK/LTC/ETC** https://blocknet.co/rapids/block-dx/ **Crex24** with the pairs: **RPD – BTC** https://crex24.com/?refid=osotau2cq4wvdaihk82d https://crex24.com/exchange/RPD-BTC **Cryptofuse.online** with the pairs: **RPD – BTC** https://dex.cryptofuse.online/market/BIRAKE.RPD_BIRAKE.BTC **Graviex** with the pairs: **RPD – BTC** https://graviex.net/markets/rpdbtc **SWFT Blockchain** with the pairs: **RPD – BTC/ETH/LTC/ETC** https://www.swft.pro/#/home **Snode.co** with the pairs: **RPD – BTC** https://exchange.snode.co/market/BIRAKE.RPD_BIRAKE.BTC **TokenHouse** with the pairs: **RPD – BTC** https://tokenhouse.io/market/BIRAKE.RPD_BIRAKE.BTC **Zer Dex** with the pairs: **RPD – BTC** https://trade.zer-dex.market/market/BIRAKE.RPD_BIRAKE.BTC **P2PB2B** with the pairs: **RPD – BTC****/****ETH****/****USD** https://p2pb2b.io/trade/RPD_BTC https://p2pb2b.io/trade/RPD_ETH https://p2pb2b.io/trade/RPD_USD You could also join our community on **Telegram** and **Discord** but for the moment I'm only going to talk about Telegram. https://t.me/RapidsOfficial https://discord.gg/VHT5Yu ***Being active in the community allows you to win some Rapids (RPD), you can support us in anyway you want***. **Talk about Rapids Network on Social Networks**, **write articles,** **make short instructional videos**, **participate in activities and games proposed by the community**. You could also help us by **filling in the small tasks that we submit regularly**, it's thanks to all these small actions that **the community will continue to grow** and always provide you with the best of Rapids **Telegram** is a **chat application for Mobile**, but **also for computer**, you can download it on your store (**Google Play Store**, **iOS**, **Windows**), for Computer (**PC/MAC/LINUX** and **macOS**), there is **also a version for Browser**. https://t.me/RapidsOfficial https://telegram.org/dl/android https://telegram.org/dl/ios https://www.microsoft.com/en-us/p/telegram-messenger/9wzdncrdzhs0?activetab=pivot:overviewtab https://desktop.telegram.org/ https://macos.telegram.org/ https://web.telegram.org/ Once downloaded, you need to **register with a phone number and a password** (keep your password in a safe place). Once registered, go to "**Settings**", "**Edit profile**", add your **first name or a nickname** and on "**Username**" you must indicate a Username with at least 5 characters which can be the same as your nickname (if it is not already used by another person on Telegram). Click on "SAVE" and you will see your **Username in the form @******* Take the opportunity to **add an image or a photo by clicking on "SET PHOTO PROFILE"**. ***These two steps: Username and Photo Profile are important***. You can click on the cross at the top right, and all your information will be saved automatically.   You will then be able to join our Channels: The first to join is **Rapids Official**: **https://t.me/RapidsOfficial** (The main channel, where all the information is available). Then **Rapids ($RPD) Tipbot**: **https://t.me/rpdtipbot** (here you can interact with the whole community and have some fun) Also join the Channel **Rapids Community Group**: **https://t.me/EarnRPD** (This is where we post all small tasks to be done by the community). As well as **Rapids Announcements**: **https://t.me/RapidsNews** And the 5th Channel not to be forgotten is **TeamRPD**: **https://t.me/TeamRPD** (Our gamer community).   To **add your RPD address to the Tipbot and receive RPD** (in the way of rains and tips) Go to the "Search" tab and write **@rapids_tipbot** and click on "**Rapids Tipbot**". Click on "**/start**" Go and **get your RPD address 'R*****************' on the Staking platform** you have chosen. Then write **/myaddress R******************* Press "**Enter**"   **Your RPD address will be automatically registered** and you will be **able to start receiving Rapids (RPD)** via **Tipbot** directly on this address. To check your balance just go to **@rapids_tipbot** and write **/bal** ***You're finally ready to enjoy great adventures with us and all the Rapids communities, whilst taking full advantage of Staking of your Rapids (RPD)***   Thank you all for your support **See You Soon**. **Rapids Network** https://www.rapidsnetwork.io/ Join us on **Telegram** - **Twitter** - **Facebook** **-** **MeWe** **-** **Instagram** https://t.me/RapidsOfficial https://twitter.com/RapidsRPD https://www.facebook.com/RapidsNetwork https://mewe.com/p/rapidsnetwork https://www.instagram.com/rapidsrpd/ Resources https://www.rapidsnetwork.io https://t.me/RapidsOfficial https://t.me/rpdtipbot https://t.me/EarnRPD https://twitter.com/RapidsRPD https://www.facebook.com/RapidsNetwork https://mewe.com/p/rapidsnetwork https://cryptocoingrowth.com/calculator/