💠 Soft Staking: A Different Model in the Crypto Space
Typically, when a crypto user wants to stake a token, they are required to lock their funds for a specific period, during which they lose the ability to move or trade those assets.
A newer model, however, called Soft Staking, offers an alternative.
In this system, users can simply hold their tokens in a flexible wallet on the exchange and receive small daily rewards, without locking or committing their assets.
One of the recent tokens to be included in this mechanism is NXPC, which became eligible for Soft Staking through Binance.
While no official reason has been provided for this inclusion, Soft Staking often suits newer projects that aim to build active communities and prefer encouraging organic holding and trading rather than freezing liquidity.
Participation in Soft Staking is automatic for users holding the token in a qualified wallet.
