Staking in Bit2Me Token (B2M): how does it work?

The more B2M we have in staking, the more coins we will receive as a reward. Depending on the staking pool we choose and how we stake Bit2Me Token (B2M), we can receive rewards of up to 8,22% APY

Generally, staking with cryptocurrencies is a simpler way to earn profits compared to other alternatives, such as high-frequency trading. However, there are some risks to consider, for example, given the volatility of cryptocurrencies, because even though new cryptocurrencies are earned, their value may vary over time. If funds are locked, nodes and validators may suffer errors or hacks that can result in losses for users, among other risks.

Furthermore, staking in DeFi can be very complex for certain users, which is why Bit2Me Earn offers a simple service for the user that reduces exposure to these associated risks by using its security plan. This plan includes security measures for the user, for the internal infrastructure, and for the external infrastructure, which includes cybersecurity policies, an onboarding and KYC process with providers, as well as a risk management framework.

There is no minimum amount for staking in Bit2Me Token (B2M). In addition, if you decide to stake on Bit2Me Earn, you can make withdrawals or add cryptocurrencies at any time and completely free of charge.

The rewards are determined by the Annual Percentage Yield (APY). It takes into account the effect of compound interest and provides a more accurate measure of the reward obtained by participating in such activities compared to the simple annual interest rate (APR).