Coinopening
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Cryptocurrency
    • Altcoin
    • Litecoin
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
  • Home
  • Bitcoin
  • Ethereum
  • Cryptocurrency
    • Altcoin
    • Litecoin
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
No Result
View All Result
Coinopening
No Result
View All Result
Home Press Release

Crypto Staking from Fairspin: How To Get Additional Income Without Risks

by Press Release
September 29, 2022
in Press Release
0
Crypto Staking from Fairspin: How To Get Additional Income Without Risks
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter

If you have crypto and want to quickly get some reward on it, it is possible to try staking. So you will not only receive passive income but also support the operation of the blockchain network.

What is cryptocurrency staking?

Staking is comparable to a bank deposit. You store coins in a cryptocurrency wallet to keep the blockchain running. So you stake a certain amount of cryptocurrency, that cannot be used for a certain period of time, but instead, you get a reward from the cryptocurrency platform.

Fairspin platform offers a staking program with its TFS Token – Hold To Earn. The option is available on the Staking programs page on the Fairspin website. 

Related articles

Metaverse Project Zuck Zuck Land Announces Giveaway Campaign In Gold

Dotlab.app will be a game changer in the world of crypto!

The average APR in the program is up to 500%, sometimes with a surge of a record daily APR of 21%.

Below we will go into more details about the program and explain how to get the most benefit from its use.

What is the Hold To Earn program?

Once a user receives TFS  as a rackeback for playing on the platform or purchases them, it will become possible to hold tokens for a specified period on the Fairspin website. For doing this, a user will receive a reward – additional TFS tokens. The size of the reward depends on three factors. The first one is a period, chosen for holding tokens. The second one is the Fairspin casino income for the chosen period of token holding. As this indicator grows, the reward will also increase. The third one – is the number of users who are simultaneously holding TFS tokens. The fewer such users there are, the more tokens will be received in the end.

How the reward is calculated

It is possible to hold tokens for 3 periods. Each of them has its own size of reward pool: 8 hours with 1% of casino income, 1 day with 2% or 3 days with 0,5%. 

As soon as the holding period is over, the initial tokens, as well as tokens earned within the Hold To Earn program will be credited to a user’s balance

It might be that Fairspin’s income is at zero if the casino loses money due to some players’ large winnings. But the most important thing is that tokens will never be lost. Even if the casino balance is negative during the period of holding, the initial tokens will be fully returned to a user. Or it is possible to continue holding and get profit together with the casino.The TFS and Fairspin are ambassadors of honest relations with its players. Thus the holding history of a user is available on his TFS page. There a user can also find information on the casino income, the number of holders in each period, and his part in the pool. All the information is updated in a live mode and confirmed by data from blockchain. Fairspin is an online casino where all transactions such as deposits, withdrawals, bets and etc are published on the blockchain. This technology originally led to the total transparency of the casino and it’s programs’ work.

Related Posts

Metaverse Project Zuck Zuck Land Announces Giveaway Campaign In Gold
Press Release

Metaverse Project Zuck Zuck Land Announces Giveaway Campaign In Gold

March 31, 2023
Dotlab.app will be a game changer in the world of crypto!
Press Release

Dotlab.app will be a game changer in the world of crypto!

March 31, 2023
Global Digital City (GDC) Announces VRT Token Listing on LBank Exchange
Press Release

Global Digital City (GDC) Announces VRT Token Listing on LBank Exchange

March 31, 2023
MoonWin Launches Revolutionary Crypto Gaming Platform Redefining the Industry
Press Release

MoonWin Launches Revolutionary Crypto Gaming Platform Redefining the Industry

March 31, 2023
TON Diamonds to Showcase Cutting-Edge NFT Artworks at New York Exhibition
Press Release

TON Diamonds to Showcase Cutting-Edge NFT Artworks at New York Exhibition

March 31, 2023
Blockchain-Ads Receives $50K Grant from Partisia Blockchain to Grow their Privacy-Preserving Advertising Solution
Press Release

Blockchain-Ads Receives $50K Grant from Partisia Blockchain to Grow their Privacy-Preserving Advertising Solution

March 31, 2023

POPULAR NEWS

Top 10 NFT marketplace on BSC

Top 10 NFT marketplace on BSC

June 1, 2021
Bictory Finance- Deploys its Holistic Financial Products on Concordium Network

Bictory Finance- Deploys its Holistic Financial Products on Concordium Network

June 1, 2021
OnlyFans Creates Massive Opportunity For A New Platform To Take Over The Adult Entertainment Industry

OnlyFans Creates Massive Opportunity For A New Platform To Take Over The Adult Entertainment Industry

August 23, 2021

Bitcoin futures ETF is available for trading on NYSE Arca, see how ZT shines in the ETF market

October 25, 2021
BitMart Innovates with Exclusive “Vote to Earn” NFT

BitMart Innovates with Exclusive “Vote to Earn” NFT

September 21, 2022

EDITOR'S PICK

Here’s What Will Be Important

Here’s What Will Be Important

January 30, 2023
Decentralized Storage Protocol Starts Beta Testing, Will Allow Users to Buy or Rent Storage

Decentralized Storage Protocol Starts Beta Testing, Will Allow Users to Buy or Rent Storage

February 22, 2023
Bitcoin, Ether Options Market See Mixed Flow Ahead of US Nonfarm Payrolls

Bitcoin, Ether Options Market See Mixed Flow Ahead of US Nonfarm Payrolls

January 6, 2023
Artists Weigh In on the Battle Over NFT Creator Royalties

Artists Weigh In on the Battle Over NFT Creator Royalties

January 31, 2023

About

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Follow us

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Litecoin
  • Market
  • Press Release
  • Regulation
  • Uncategorized

Recent Posts

  • Arbitrum’s First Governance Proposal Turns Messy With $1B ARB Tokens at Stake
  • Bitcoin & The History of Bank Runs
  • Balaji Srinivasan’s $1M Bitcoin Bet Could Be Right, but I Hope He’s Wrong
  • U.S. Government Case Against Voyager-Binance.US Deal Has 'Substantial' Merits, Judge Says
  • About Us
  • Privacy Policy
  • Contact Us

© 2020 coinopening.com

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Cryptocurrency
    • Altcoin
    • Litecoin
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO

© 2020 coinopening.com

  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003680-6.82%
  • lympoLympo(LYM)$0.004392-4.43%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • CornichonCornichon(CORN)$0.073096-0.86%
  • StacyStacy(STACY)$0.0007100.00%
  • RelevantRelevant(REL)$0.780.38%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%