If you’re looking to upgrade your profit margins in 2020, there are certain cryptocurrencies you must begin to research. Such cryptocurrencies like KuCoin (KCS), PancakeSwap (CAKE), and Mehracki (MKI) have demonstrated strong potential to rake in massive returns for investors.
KCS is the native cryptocurrency of KuCoin, a renowned crypto exchange that allows users to liquid-stake their funds and own the KCS coin. On KuCoin, you can stake 15 currencies, such as Ethereum 2.0, Algorand, Tezos, and Cosmos, each with different fees and reward rates. KuCoin’s soft-staking is an exceptional product that catches the attention of the staking demographic, as it offers no hard locking period. This allows you to use the coin at any point and still earn passive income.
The soft staking programs feature redemption periods, i.e., the time between when holders stop staking and regain access to the staked funds or rewards. For example, while Polkadot (DOT) has a 28 days redemptive period, others have theirs straddling around a week or just a few days.
How much you earn from KuCoin staking depends on the coin you are staking. This is because coins have a unique APR (annual percentage rate). For example, while ADA has 4.48%, Polkadot (DOT) has 13.46%. Essentially, you get to earn more with a coin that has solid potential to grow.
As of writing, KCS sells at $15.75 with a 24-hour trading volume of $4,154,171.
Founded by a group of anonymous developers in September 2020, PancakeSwap is a decentralized exchange that runs on the Binance Smart Chain (BSC). It typically uses an automated market maker (AMM) model to replace an order book with a liquidity pool, enabling users to trade without an intermediary or a centralized authority.
PancakeSwap is arguably the most prominent decentralized exchange platform on the Binance Smart Chain. It has overtaken Uniswap on several occasions to earn its position. Although it hasn’t been so consistent in holding on to this title, it continues to demonstrate impressive features to investors and crypto holders.
As of September 2021, CAKE had accumulated over 2.8 million active users, with a market capitalization of over $63 billion. But currently, it has reached the high of $809 billion with 1.2M holders.
Built on the Solana blockchain, MKI offers less worry to its users by yielding wealth for investors and advocating feel-good experiences for people worldwide who aim to get involved in crypto. Mehracki is based on travel, tourism ventures, and meme sharing.
Mehracki is formed by a DAO (decentralized autonomous organization), meaning the development of the Mehracki network will be decided by active MKI token holders. MKI will serve as the verification and authentication sign for all platform-based and off-platform deals. To motivate the adoption of the token, MKI deals will be gamified with prizes at specific stages. Holders of MKI get access to tokens that can then be bought, sold, or traded with other users.
Mehracki sits on three basic principles including transparency, offering community-based programs, and establishing long-term improvements to the network. There are insignificant transaction expenses involved, and the project is community-driven which means MKI holders make the decisions regarding the direction in which Mehracki goes in the long run.
The best time to invest in Mehracki is now. Over the next few months, there are incredible upside possibilities as the token is only available via a presale, and holders can invest knowing they purchased it at a lower price. With all the hype and volatility around meme coins, MKI price has the chance of increasing geometrically.
Mehracki declares longevity by announcing all new upgrades in press releases. Mehracki strengthens its values by aiding various independent, free group initiatives in development. As stated in its values, MKI is transparent, built to scale and allows modest value transactions, resulting in less expensive transactions.
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