Soft staking is a flexible and innovative way to earn rewards on your cryptocurrency holdings without locking them up or relinquishing control. Here's what you need to know:
*What is Soft Staking?*
Soft staking allows you to earn staking rewards on selected tokens held in your spot account while maintaining full flexibility to trade, withdraw, or use your tokens anytime. This method doesn't require locking up your assets for a specified period, making it an attractive option for those who want to maximize their crypto's potential ¹ ².
*How to Activate Soft Staking?*
To participate in soft staking, follow these steps ¹:
1. *Check eligibility*: Ensure the tokens you hold are eligible for soft staking.
2. *Activate soft staking*: Click "Activate" on the soft staking page.
3. *Start earning rewards*: Once activated, you'll automatically start earning staking rewards on any supported tokens held in your spot account.
*Benefits of Soft Staking*
- *Flexibility*: Use your tokens anytime while earning rewards.
- *Passive income*: Earn staking rewards without actively managing your assets.
- *No lock-up period*: Unlike traditional staking, soft staking doesn't require locking up your assets.
- *Security*: Soft staking ensures you maintain possession and control of your NFTs or tokens ².
*Popular Platforms for Soft Staking*
- *Binance*: Offers soft staking for selected tokens with daily rewards distribution.
- *Skrice Studios*: Introduces NFT Land Soft-Staking, allowing owners to earn rewards without relinquishing control of their NFTs