NAGAX, a crypto trading platform, rolls out multi-coin staking feature

By: Ankish Jain
Ankish Jain
Ankish was a cryptocurrency journalist at Invezz covering the most relevant stories investors need to be aware of. He… read more.
on May 26, 2022
Updated: May 30, 2022
  • Crypto trading platform NAGAX rolls out staking feature
  • Major cryptos including BTC, ETH, DOT and other notable altcoins can be staked
  • Users can earn higher APRs through VIP program

NAGAX, a cryptocurrency trading platform, has launched its crypto staking service for the most prominent cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), and other famous altcoins.

The platform also enables users to stake the native NAGA Coin (NGC) to earn high APRs on their cryptocurrencies. This can assist both novice and seasoned investors in the crypto field in profiting from their idle tokens, increasing investment returns.

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Moreover, NGC token holders may get a larger return on their staked coins through the VIP programme. Investors can earn immense yields with a minimum time to stake of 24 hours and a guaranteed return on investment (ROI).

However, the staking term remains customisable for all staking investors, with their staked coins having no time restriction. The longer the term staked, the greater the rewards.

The staked returns for NGC holders are graded, enabling them to earn between 12% and 20% on their assets, depending on their investments. Those who invest more than 10,000 NGC will receive a minimum of 20% APY, while those who stake less than 10,000 NGC will earn about 12% APY on their staked coins.

What’s more in store for stakers?

NAGAX is a social crypto trading environment launched in early 2022 and provides users with a safe, transparent, and rapid exchange platform for 70+ crypto assets.

It provides an easy and connected feed where crypto traders can get news and discuss ideas, a protected wallet, crypto staking, and the chance to earn even more rewards and bonuses on popular currencies by holding their native NAGA coins.

To build the best all-in-one social cryptocurrency trading platform possible (check here other top Bitcoin trading platforms), NAGAX plans to implement various features in addition to crypto staking soon.

In the not too distant future, users should be able to trade cryptocurrencies with leverage on NAGAX’s derivatives platform. Users will also be able to emulate some of the most successful traders in the cryptocurrency market.

In addition, an NFT Marketplace is now being developed, which will allow users to set up their storefronts and mint NAGAX tokens at no cost on the NAGAX private blockchain.

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