When switching from traditional investment instruments to modern investments such as crypto, there is nothing wrong with looking at Bitcoin, instead of other tokens with cheaper prices. Many crypto exchanges are collaborating, such as Bitrue’s collaboration with Babylon Labs to hold an event about the Babylon BTC Staking campaign so that you can get maximum income from investing in the crypto ecosystem.
In this article, we will specifically discuss the Babylon BTC Staking campaign that Bitrue is carrying out, starting with the benefits and how to stake BTC with Babylon and then going into the details of the benefits you can get. So, read this article until the end.
Main Benefit of Babylon BTC Staking on Bitrue
As the king of crypto, Bitcoin is targeted by many investors. However, Bitcoin staking not accompanied by a smart contract makes many investors hesitate to invest because they want to avoid taking higher risks. A safer BTC staking solution is offered by Babylon Labs.
Babylon provides a sense of security by assuring that BTC staking occurs entirely on the Bitcoin network. That way, the security of user investments is fully protected. Through this collaboration with Bitrue, Babylon BTC staking, in addition to providing a high sense of security, will also offer maximum benefits to users.
Some of the benefits of Babylon BTC staking are:
1. Proven High Security
Babylon provides an innovative protocol on Bitcoin security so that it will protect assets carefully. Investors are guaranteed to always have full control over their assets independently so that the profits obtained are protected by playing from the security and stability of Bitcoin’s decentralized infrastructure.
2. Latest Interest Rates in the Market with Flexible Nature
Babylon BTC Staking campaign currently held by Bitrue will provide maximum income benefits for users. The reason is, the APR that can be obtained by users can reach 2.3% and the user’s APY can also increase by 1.12x. That way, the benefits obtained by staking BTC with Babylon on Bitrue can make you more money.
3. Flexible User Participation
Participating in the Bitcoin staking campaign in Bitrue’s collaboration with Babylon is not at all binding with coercion because you can easily join or even leave at any time. Because the distribution of income is done every day so you can easily monitor the profits you get.
4. Proportional Profit Sharing
Profit sharing is also done proportionally according to the amount of staking you do. You can easily check in the Babylon Points section in My Ownership.
5. Transparent Asset Management
The assets you stake will be managed safely and transparently as you can view them for monitoring at any time in the “My Assets – Spot Assets – Locked Assets” section during your staking period on Bitrue.
How to Stake BTC with Babylon on Bitrue
Bitrue’s Babylon BTC staking campaign has started since December 10th with a system where users who make transactions first will get first-served. Later, when you have successfully staked, on-chain staking will be done on T+1 and point distribution will be done on T+2.
In more detail, here is an explanation of how to stake BTC on Babylon via Bitrue.
1. You must connect a Bitcoin wallet that supports the Babylon staking platform.
2. Transfer BTC to an available staking contract by initiating an on-chain transaction to lock Bitcoin.
3. You can monitor rewards because Babylon will immediately provide you with tools that can be used to track staking rewards according to mining activity updates.
Conclusion: Babylon BTC Staking on Bitrue is an Ideal Choice
It can be seen in the Bitcoin price chart snippet today above. Although the price of BTC has fallen from the throne of $ 100,000, the price of BTC still promises to be a strong investment choice in the future.
If you are still confused about how BTC staking works on Babylon, you can directly access the Bitrue blog and learn various information there. However, you need to know that Babylon BTC staking through Bitrue has advantages that you can consider, including:
1. You can directly stake on Bitrue without having to go through on-chain transactions that often provide obstacles.
2. Bitrue will immediately provide returns that you can predict quickly so that the risk you get is very minimal.
3. The Bitrue interface is very user-friendly so it is easy for you to access, especially for staking, even if you are still a beginner in investing in the crypto ecosystem.
However, don’t forget to keep doing in-depth research in every step of your crypto investment. Take advantage of Bitrue’s various features that can make it easier for you to do research.
This press release has also been published on VRITIMES