MOONSTAKE is a newly launched staking pool based on the BSC (Binance Smart Chain) rewards. BSC is gaining a lot of attention and pulling in the Cryptocurrency space for some time now, and Moonstake is the new kid on the block.
MOONSTAKE platform is quite very easy to use and comes with a lot of benefits than most other staking pool reward platforms. Moonstake allows users to earn great rewards as high as 66.97% APR currently. In addition, you can collect and compound your staking rewards to earn a higher yield annual profits (if added daily). One outstanding feature on MOONSTAKE is that your money is not locked into the system and you are free to deposit/withdraw it at any time within a 72-hour waiting period.
The Moonstake staking pool use Binance coin BNB, but the deposit can be made with other cryptocurrencies. The accepted cryptocurrencies include BTC, ETH, DOGE, TRX, BNB, and LTC.
Once you send a deposit with other coins outside BNB, the system automatically convert them to Binance coin BNB and fund your Moonstake wallet. Once you have your money in your Moonstake wallet you can start your staking by purchasing as many pools as you can.
How to get started on Moonstake
Getting started on moonstake is simple. The first thing to do is to sign up with your email address, password, and username. You will need to confirm your email address before you can get access to the platform. Once this is done you are good to go.
Once logged in to the platform, the first thing you will see is your dashboard with your Moonstake wallet on it.
Get the wallet address and add money to your wallet. Moonstake works with the BSC - Binance smart chain, so, if you send a different token from the accepted cryptocurrencies to deposit, your deposit will be converted in BNB. To make a deposit click on the deposit button on your wallet to copy the wallet address and add the desired amount of BNB with your preferred Cryptocurrency, then wait for the Blockchain to automatically confirm your transaction and credit your deposit to your account.
After a successful deposit is made, you can start staking immediately by clicking on the PLUS (+) sign on the staking panel on your Dashboard to add your stakes. Each Stake cost 0.001 BNB (Binance Coin ) = $0.37309 and you will be earning a staking reward at an Annual Percent Rate APR of 66.97% or 166.97% Year Total APY.
Your stakes start to generate rewards immediately and, every 9/10 seconds your reward is added to the Block Pool. You can see your earnings on the Block Pool on the "MY EARNING THIS BLOCK" line, on your Dashboard.
Earnings generated on the Block Pool are distributed every hour to Stake-Holder. Once the rewards are distributed it becomes available for you to collect to your Moonstake Wallet. You may want to do a Stake and forget by leaving your BNB earned to collect more rewards and grow and collect them from time to time.You can also compound your earning by adding more stakes from your collected BNB. Interesting, your Stakes are not locked and you may decide to unstake them any time to your Moonstake wallet and withdraw your money.
You only need to wait for about 72 hours period when you unstake them from the system before making a withdrawer.
To unstake your coins click on the MINUS (-) sign on the staking panel on the Dashboard and unstake as many stakes as you wish.
The Boost x2 feature
The Boost ×2 system entitled a user to earn double staking rewards for a fixed period which is about 48 hours. After 48 hours your stakes will be moved to the regular staking system automatically. This feature is a special reward for regular staking. The system chooses when to enable this feature from time to time.
Referral bonus
There is a referral commission for anyone who joined the system through your Link. You can earn up to 7% commission on any deposit made by your referrals. To get this commission reward the user deposit must spend at least 20 days on the Moonstake account.
Bottom line
Moonstake is a new staking platform on the Binance smart chain and will be laughing on the 20th of May at 6.00 pm UTC. So, we cannot ascertain their credibility at this time. However, pre-registration is already going on, and you can take an early position in the system.
Note
Always do your research before joining any cryptocurrency investment.
This sounds very easy and a food opportunity to grow crypto. The compound feature is also fantastic. Thanks for sharing.