At BLOX, you can get a return on your crypto coins in 2 ways, Staking and Lending. But what exactly is the difference between the two.
Staking: When you stake your crypto, you set your coins to validate transactions on the blockchain. By doing so, you contribute to the smooth process of transactions on the blockchain. As a reward for your efforts, you will receive extra coins from the network. With staking, the blockchain runs like a well-oiled machine.
Lending: With Lending, you make your coins available to others who use them for their own activities. BLOX proceeds to see if there is currently demand for that particular cryptocurrency. If there is interest in your selected coin, BLOX ensures that supply and demand are matched. We match your crypto investment with a loan facilitation partner, pairing a lender (someone lending crypto) with a borrower (someone borrowing crypto).
What is common to both revenue models, is that we have carefully researched the parties that make it possible. Whether you are engaged in lending or staking, you can safely put your crypto to work and earn rewards!