If you are into crypto, this may be the year you don’t have to work. Because the tokens will work for you. After Binance’s staking platform, we now have the Trust crypto wallet launching its staking platform to make passive income a reality.
It is important to note that Binance acquired Trust platform in 2018. Together with Binance, the wallet company is working on custom networks, DEX, market monitoring, and now staking.
Called Trust Platform, here you can stake your favorite cryptocurrency tokens and earn upto 10% APY (annual percentage yield). You won’t be locking the tokens in any smart contract. Just hold the tokens to begin the staking process.
The company calls Trust Platform as a staking and governance platform and you will see several other quality tokens in the coming months.
Speaking about the launch, Trust wallet founder Viktor Radchenko says:
“Trust Platform will give anyone access to a new Decentralized Financial System without central control.”
Right now, Cosmos (ATOM) yearly return is at 10.33% while Tron (TRX) return hovers around 4.3%.
You can download the Trust app (iOS / Android). Or you can access the Trust Wallet on the desktop by visiting this link: https://platform.trustwallet.com. Once done, connect your existing wallet with the Trust Platform to begin the staking process.