Skip to main content

Earn 175% APR Through ApeCoin (APE) Staking on LBank Exchange

PRESS RELEASE. INTERNET CITY, DUBAI, Dec 16, 2022 – LBank Exchange, a global digital asset trading platform, has recently launched ApeCoin (APE) staking in its “Earn” – “Flexible” section, users will be able to earn APE token with an annual return of 175% (floating adjustment), and withdraw anytime without locking.

APE Staking Is the New Trend

Recently, ApeCoin DAO (ApeDAO) has established an official staking protocol for ApeCoin (APE), which was created as a way for APE, BAYC, MAYC, and BAKC holders to earn rewards through staking. APE can be staked by itself or in conjunction with a BAYC, MAYC, or BAKC in one of the four staking pools, with each pool offering different levels of rewards.

The protocol was proposed in AIPs 21 and 22 and subsequently approved by the community on May 4, 2022. Following approval, the Ape Foundation enlisted Horizen Labs to provide a platform for the staking protocol according to the specifications set forth in the AIPs.

Staking is a common way to earn passive income in crypto space. This protocol basically allows holders of APE to put their idle tokens to work by staking them within various pools and earning additional rewards in the form of more APE. Being more than just a simple staking pool, the protocol has the distinction of offering layers of rewards for holders of certain NFTs. These NFTs grant holders access to exclusive staking pools, operating like a safe-deposit box key.

According to the recent data on dune.com, the protocol’s APE-Only Pool has reached an astonishing 175% APR. Apparently, staking APE has become a new trend. However, in order to join these staking pools, one must meet some requirements that may not be easy to meet. For instance, some pools require users to own Yuga Labs’ official NFTs to join, and these NFTs cannot be sold while it is committed in a BAYC or MAYC pool, otherwise users may lose all of their staked APEs.

Earn APE on LBank Exchange

To provide an alternative solution, LBank Exchange recently launched its own APE Staking in its “Earn” – “Flexible” section. Users will be able to earn 175% APR (floating adjustment) and enjoy daily rewards settlement by simply joining. And since it’s “Flexible”, there’s no locking required, users can withdraw their staked APE tokens whenever they want.

To join the APE Staking on LBank Exchange, just click Earn and find the APE on the list, then click “Join Now”. The minimum interest-bearing amount requires that users’ account assets are not less than 6 APE tokens, and there’s no limit on the maximum interest-bearing amount. The settlement process includes interest calculation on T+1 and interest payment on T+2.

Follow the new trend in crypto and seize the opportunity to earn 175% APR through APE Staking on LBank Exchange right now!

Click [Earn] to Participate

* Assets registered in “APE Staking” do not affect trading or withdrawal. However, after registration, the assets that have been traded or withdrawn will not enter the interest calculation of the day. The amount gap will be released at 2:00 pm the next day.

* The freezing assets due to orders and participation in activities does not affect the interest calculation of assets.

About LBank

LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 7 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute the global adoption of cryptocurrencies.

Start Trading Now: lbank.com

Community & Social Media:

l Telegram

l Twitter

l Facebook

l LinkedIn

l Instagram

l YouTube

Contact Details:

LBK Blockchain Co. Limited

LBank Exchange

marketing@lbank.info

business@lbank.info

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.



from Bitcoin News https://ift.tt/4UAV87T
Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m...
10 comments
Read more

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought...
Post a Comment
Read more

2021 Bitcoin Price Predictions: Analysts Forecast BTC Values Will Range Between Zero to $600K

As bitcoin has touched new price highs on Thursday nearing the $50k handle, people have been curious as to where the price will go in the future. Meanwhile, despite the gains so far, a number of luminaries, analysts, executives, and proponents from the crypto space believe the leading crypto asset will reach between $60k to six-digits this year. Mike Novogratz Predicts $100K Bitcoin: ‘Other CFOs and CEOs Are Saying, What Should We Be Doing?’ Satoshi Nakamoto’s invention has gained mass appeal in recent times as the leading digital asset bitcoin ( BTC ) has reached its highest value ever in 2021. On Thursday morning (EST), BTC spiked to an all-time high (ATH) at $48,697 per unit. Earlier in the morning at around 2 a.m., bitcoin was exchanging hands for $44,485 and saw an 8.98% increase since then. At the time of publication, at 6:30 p.m. (EST) on February 11, 2021, bitcoin (BTC) is swapping for $47,821 per coin. With BTC so close to the $50k mark, people have been forecasting ...
Post a Comment
Read more