Currently, BKEX exchange provides staking services to LQR token holders. The method is very simple. All you have to do is keep your funds in your wallet and get rewarded. Here's how to stake this popular token.
Crypto staking is simply the process of purchaseing a cryptocurrency and storing it in a wallet. This is done to support the security and integrity of the blockchain network, which leads to earning passive income over time, usually in an Annual Percentage Yield (APY).
Exchange users can deposit their digital currencies into BKEX exchange for a certain period of time and earn money accordingly. During the first 30 days, their funds will be locked up and transactions will not be allowed. After the vesting period, they can unlock the tokens and redeem the funds. This gives incentives to the traders to earn the yield on LQR in a short period of time.
Sign up on the BKEX website to get started. Then select the ‘Staking’ option by clicking ‘Financing’ tab and find the LQR token located at the bottom of the page. Then click ‘Lock Now’. In the pop-up window for the ‘Locked Amount’, tap the desired amount for the staking. Next, just check the underneath box and click ‘Lock Now’ to complete the staking process. At last, you will receive the final confirmation message and your order will be easily registered.
The actual profit the investors can make from Staking LQR is 24% per annum with staking at least 4,000 tokens. As mentioned before, your fund is locked up for 30 days and later on you can withdraw your token. After confirming your order, the profit will be paid in LQR every day at 15:30 Iran local time that can be withdrawn.