Have you noticed this? The annual returns through staking is higher than your bank’s annual interest. Sometimes over 10%. In fact, in just two weeks, we saw Binance’s new staking platform, and then we saw Trust Wallet launching its staking services with a decent staking returns.
At this point, we want to make this bold statement: Ladies, perhaps the new way to enter a man’s heart is through staking. Just whisper this word, and he will be yours.
Because now, even qualified custodian like BitGo has entered the game. BitGo has rolled out its staking service supporting Dash and Algorand. The company is planning to add several other tokens in the future.
As published in the press release, one can earn staking rewards ranging from 7% to 13% annually. These tokens will earn passive income for you — without your involvement.
The Power of Cold Storage Staking
What really makes BitGo staking different from the rest?
For one, you don’t have to store your tokens online. No private keys required. BitGo, as the market leader in securing crypto, uses cold storage. Such custodial solution to safeguard assets has played to their strength, and it is one of the big reason why BitGo has secured fundings of millions of dollars and attracted top insitutitional investors.
Speaking about staking, CTO of BitGo Ben Chan said:
“In order to be a great custodian, we need to provide our clients with the ability to use their assets in custody. Staking provides our clients with returns on their investments without ever moving their assets out of custody.”
Plus, as per the landing page, each node will run on a dedicated machine without any conflicting activities from the other machines. Along with this, the company uses multi-signature technology to secure your assets. And if all these benefits are not enough? There is also a $100 million insurance.
To ensure a quality experience, and to deploy this staking mechanism, BitGo acquired the staking infrastructure firm Hedge. With this, the company is ready to offer staking services right away to institutional players and consumers.
Even though the minimum token requirements are unknown, one can quickly get started by contacting BitGo. Here, you have to share your details along with your portfolio size, and one of the representative will get back to you.