💠 Soft Staking: A Different System in the Cryptocurrency Market
Usually, when a user decides to hold a cryptocurrency and participate in staking, they have to lock their funds for a specific period, during which they lose the freedom to use their coins.
However, a new type of staking has appeared, called Soft Staking.
The idea is that the user can keep the coins in their flexible wallet on the platform and, in return, receive a small daily yield without the need to lock the coins or enter into any commitments.
Among the coins that have recently been tied to this system is NXPC, which has become one of the coins eligible for Soft Staking on Binance.
The project has not announced direct reasons for choosing this system,
but the nature of Soft Staking is suitable for projects that are still in the community-building stages and are seeking to increase natural trading of the coin instead of freezing it.
Interaction with the system happens automatically as soon as the coin is held in the eligible wallet.
