Staking is a new form of cryptocurrency investment that allows investors to earn rewards by locking their coins into a vault and providing the network with additional support. Here we look at three staking coins that are expected to be among the top performers in 2023. With Collateral Network (COLT) about to start the presale and offering a token price of only $0.01, things are getting exciting, so let’s take a look at all three of these projects.
Since its launch in 2015, Ethereum (ETH) has become the world’s leading smart contract platform and the most popular choice for decentralized applications (dApps). With a first-mover advantage, Ethereum (ETH) has become the blockchain of choice for many developers and users.
In 2023, Ethereum (ETH) is expected to continue its rise as it transitions from a proof-of-work (PoW) network to a proof-of-stake (PoS) mechanism. This means that Ethereum (ETH) users will be able to stake their ETH tokens in order to earn rewards from the network.
In addition, Ethereum (ETH) is expected to launch its highly-anticipated 2.0 upgrade in 2023, which will make the network faster and more secure. This move should further increase the adoption of Ethereum (ETH) and make it the obvious choice for developers and users alike.
In order to stake Ethereum (ETH), users need to deposit 32 ETH to activate validator software. However, there are many pools available, allowing users to join in on Ethereum (ETH) staking with a much lower amount.
VeChain (VET) is a layer-1 blockchain that focuses on enterprise solutions and supply chain management. VeChain (VET) was launched in 2018 by Sunny Li, the former CIO of Louis Vuitton China, and VeChain (VET) has been gathering momentum ever since.
In fact, VeChain (VET) is already being used by some of the world’s top companies, including PWC and Walmart China. This shows that VeChain (VET) is not only a reliable platform for staking but also has real-world applications in enterprise solutions.
VeChain (VET) uses a dual token model, with VTHO used for staking and fees, and VET acting as the project’s native asset. Holders of VET can stake their coins to earn rewards while simultaneously supporting the network in a secure manner.
To earn staking rewards, VET must be held in the official VeChain (VET) wallet, where users will receive VTHO on a daily basis. The more VET you hold in the VeChain (VET) wallet, the more VTHO you will accumulate.
Collateral Network (COLT)
Collateral Network (COLT) is not your standard lending platform — it uses the Ethereum (ETH) blockchain and smart contracts to offer a new way of borrowing and lending capital.
The real USP of Collateral Network (COLT) is the use of NFTs as collateral for loans. But users don’t need to own NFTs, as any physical asset can be tokenized and used as collateral on Collateral Network (COLT).
For example, Thomas is an investor who wants to borrow $20,000 to buy a new car. He tokenizes his existing assets, such as watches and rare art, on the Collateral Network (COLT) platform and uses them as collateral for the loan.
Alongside the weekly income earned through lending, Collateral Network (COLT) holders can also benefit from locking their coins in the Collateral Network (COLT) smart contract to earn staking rewards.
Overall, Collateral Network (COLT) is a great way to leverage your assets and earn staking rewards in the process. Phase 1 of the Collateral Network (COLT) presale has just started, which represents the best and most cost-effective way to get involved in the project and with an estimated 3500% gain within 6 months, it is the presale to look into and get involved with.
Find out more about the Collateral Network presale here: