Learn about Curio Parachain and Staking Rewards

One of the easiest ways to build wealth for the future is to invest in unique collector’s items like collectible cars or rare artworks.

For a long time, they reserved this method of building wealth for only the elites. The average man on the street couldn’t afford to dole out millions of dollars to purchase a vintage BMW or a rare piece of art — say, a da Vinci.

Now, it’s possible for anyone to invest in rare items on the CurioInvest platform. The blockchain platform allows anyone to invest in tokenized real-world collectibles — for instance, exotic cars — and make a profit when the car is auctioned.

No doubt, investing in unique collectibles is one of the fastest and sure ways to grow wealth fast. CurioInvest opens up the collectible car market for all investors; from the ‘elite’ investor to small-capital crypto enthusiasts.

CurioInvest is a blockchain platform built on an Ethereum-Polkadot hybrid. Notably, the platform just launched its native blockchain network called the Curio Parachain.

This latest move will allow investors to do more than just invest in vintage supercars. Even more, you’ll be able to stake your CGT tokens and earn 25% ROI annually.

This article will explain what the Curio Parachain is, how staking works and how to earn passive income on the platform.

What Is Curio Parachain?

Parachain is CurioInvest’s native blockchain platform. The CurioInvest Governance token sits on the Ethereum blockchain while Parachain is still in the TestNet stage. Once the Curio blockchain ecosystem is up and running, the tokens on the Ethereum chain will become transferable to the Parachain Curio using a bridge.

Staking on Curio Parachain

Thanks to the decentralized finance boom, staking has become a popular, lucrative way to make money in the crypto space. Quite simply, you set apart some tokens to take part in transaction validation on a blockchain network using the Proof-of-Stake consensus protocol. Anyone with the required minimum staking amount of the native token can validate transactions on the blockchain and earn staking rewards.

Curio Parachain uses a validator and nominator system for its Proof-of-Stake consensus protocol. It adopts a nominated proof-of-stake (NPoS) algorithm for selecting validator sets on the Parachain. Validators on the Curio Parachain maintain the network and maximize network security.

Every validator on the network is required to operate a validator node. They limit the number of validators on the network at the launch of Parachain, but the number will grow over time to about one thousand validators.

Nominators on the Curio Parachain work as subordinates to the validators. They encourage CGT holders to become nominators on the platform: backing up to 8 validators as trusted validator candidates.

Validators and Nominators on Curio Parachain have distinct, yet unique job descriptions. The validators’ role is to take part in producing new blocks by validating transactions on the Parachain, while nominators can back validators with their stake in CGT tokens.

Benefits of Staking On Curio Parachain

If you’re wondering why you should stake CGT tokens on Curio Parachain, you can stop wondering now. Here are some of the benefits you enjoy by staking on the Curio Parachain.

  • Earn up to 25% in rewards: Stake your CGT tokens and earn up to 25% in rewards for securing the network.
  • 10% targeted annual inflation rate: Curio Parachain offers an p to 10% annual inflation rate to regulate the value of tokens on the platform.
  • 60% targeted active staking: Inflation on the blockchain is shared among validators and nominators if 60% of CGT was staked.

How to Stake on Curio Parachain

Staking on Curio Parachain is as easy as it gets in decentralized finance. All you need to do is:

Visit the Curio Parachain Staking page

Before staking on the platform, you should know you can either be a nominator or validator. As a nominator, you can nominate up to 8 validators to help you earn rewards in CGT tokens.

Nominations have to visit the Curio Staking page https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fparachain.curioinvest.com#/staking and follow the instructions. It’ll be much easier to stake on Curio Parachain if you’ve staked through other projects built on the Polkadot network.

Staking on the Curio Parachain is every investor’s dream. Step into staking on Curio Parachain and discover how easy it is to make your money work for you.

More Details about Staking on Curio Parachain

Learn Stalking on Curio Parachain

_______________________________________________________________

Disclaimer

Certain information contained in here has been obtained from third-party sources, including from protocol on which tech is built. While taken from sources believed to be reliable, CurioInvest has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.

In addition, this content may include third-party entities; CurioInvest has not reviewed such advertisements and does not endorse any advertising content contained therein.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any instrument related to CurioInvest. Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by CurioInvest, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results.

Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see https://curioinvest.com/risk for additional important information.

--

--

--

CurioDAO — powered by tokenized real-world assets. Invest, collect, swap, earn, stake, and more within the DeFi ecosystem.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

MultiNFT Begins Smart Contract Launch And Token Presale!

Ask Me Anything (AMA) #6: January 2019

INT X IOST | Promote the combination and application of blockchain and Internet of Things

PlayZap’s Private Sale on MoonStarter!

OIG Partners with Infinite Launch:

Mint and Earn with your own NFTs On Fantom NFT marketplace

insureDAO: Decentralized insurance market on Ethereum

Polkadex is officially a part of the Substrate Builders Program

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
CurioDAO

CurioDAO

CurioDAO — powered by tokenized real-world assets. Invest, collect, swap, earn, stake, and more within the DeFi ecosystem.

More from Medium

Crypto Winter, a Phenomenon that is Now Happening Again

FAQ with Oracula

Darkshield Games Completes first $DKS token burn: Over $561k $DKS Burnt!