Hi guys and welcome to another lovely day, it’s already less than 48hrs to go and we say our farewells to 2020.
2020 did come with numerous advantages, loss, and also freebies. One of the most anticipated platforms was also launched and with coming years devs promise to make it the best available yet and that is none other than ETH 2.0
Launched a month back, the very first feature of ETH2.0 is live and users can already take full advantage of this and it’s none other than staking.
ETH 2.0 is running on a proof of stake network where validators stake a minimum of 32 ETH to secure the Ethereum network and keep it running, this comes with its own advantage and disadvantages.
By providing a minimum of 32 ETH, this means they fully trust the system and will not be able to unlock for a while, and while ETH price skyrocket or plummet they literally have no control of their staked ETH during this period but rather simply watch from afar.
With great risk also comes rewards, users who stake their ETH to secure this network will be able to claim ETH on a daily, weekly, monthly basis while their ETH stays stake.
Due to the risk factor, not many will likely jump into this opportunity, and even though there is a reward attached to it, many most times prefer a lesser risk path and this is where TokenPocket staking feature comes into play.
TokenPocket is a multi-chain noncustodial wallet that allows individuals to easily store and manage their crypto assets from their mobile device at any location of their choosing, in short, simply at their own comfort.
TokenPocket supports DApp browser that gives you access to web3 applications built using blockchain technology and while this is one of many features currently supported by TokenPocket, others still await you to try and you can easily download TokenPocket application from Playstore, Appstore, or directly from TokenPocket homepage here https://www.tokenpocket.pro
ETH 2.0 Staking Vault
Just as we mentioned above, staking it’s somewhat of a high-risk factor for a single individual to go through, and thus TokenPocket made it somewhat easy by becoming the risk bearer while also providing rewards to its users.
With a minimum of 0.1 ETH anyone can stake on the Ethereum network.
While the minimum requirement is 32 ETH, TokenPocket implemented the POS feature already available on the Ethereum network and provide the option for any and everyone to stake, by staking, such user becomes qualified to earn from the Ethereum network and also bears the lesser risk with the easy option to unlock whenever they see the need to.
Individuals who stake via the vault option provided on TokenPocket will be granted reward on a time base of T+8, time of staking plus 8 days and their rewards start counting.
This feature came to live some weeks back and happy to say the first weekly report regarding how TokenPocket performed during this period is out and the numbers are really looking good.
Below is a link leading directly to the weekly chart report with all necessary information users need to draw conclusions if and when to stake.
How to stake via TokenPocket?
So I believe you probably have TokenPocket installed by now but if you are yet to install it, you can easily download it here https://www.tokenpocket.pro
Next is to launch your TokenPocket wallet directly from your mobile menu and click on create or import account
The wallet to select is Ethereum and users can easily create a new wallet for this purpose or if you had an Ethereum based wallet prior to now, you can easily import that as well using its private key or mnemonic 12 phrase word.
After successfully creating/importing your account, from your asset page, click on the discover menu and locate the ETH 2.0 vault option
You are automatically logged in but if for any reason your account does not display to you, simply allow the page to properly load and ensure your internet connection is stable
The option to stake is available and a minimum of 0.1ETH is required and also the option to exit whenever you see the need to is readily available as well
Disclaimer: This article is for entertainment and educational purposes only users are advised to do their own research before investing in any digital or offline platform