10Mon
What are rewards can someone explain?
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10Mon
@Jico With some crypto exchanges, you also get something like interest for certain cryptos, which are then called rewards.
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@Jico what @gamlasvensk describes are "evil rewards".
Some cryptocurrencies are Proof of Stake. You can (and should) stake the coins completely independently of an exchange in your crypto network and thus support the security and decentralization of the network. In return, you receive a kind of interest, i.e. rewards. An example of this would be $ADA.
With some cryptocurrencies, such as $MIOTA, there are so-called airdrops. For example, because the number of available tokens has been increased (not cool in principle) or to draw attention to new projects within the ecosystem. In the latter case, tokens are sent to your wallet without any action on your part.
So google proof of stake and airdrops.
Some cryptocurrencies are Proof of Stake. You can (and should) stake the coins completely independently of an exchange in your crypto network and thus support the security and decentralization of the network. In return, you receive a kind of interest, i.e. rewards. An example of this would be $ADA.
With some cryptocurrencies, such as $MIOTA, there are so-called airdrops. For example, because the number of available tokens has been increased (not cool in principle) or to draw attention to new projects within the ecosystem. In the latter case, tokens are sent to your wallet without any action on your part.
So google proof of stake and airdrops.
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•@Jico Oh, and you can also take a look here, where I have dealt with the topic, among other things:
https://app.getquin.com/activity/ZgfENSuSRD
https://app.getquin.com/activity/ZgfENSuSRD
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