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Publish Date 2021-05-07 16:28:56

4 Exotic Coins for Staking in 2021 | Earn Passive Income While Hodling!

4 Exotic Coins for Staking in 2021 | Earn Passive Income While Hodling!

Trading cryptocurrencies has become a sustained source of revenue for many investors. 

Yet, the volatility of crypto prices often becomes an issue for traders who do not have the time to keep a continuous check on the market. You can solve these problems by investing in some of the best exotic coins and crypto platforms. 

Here you lock or stake your assets for a relatively long run and enjoy the benefits of assured returns in exchange for providing liquidity, supporting the growth, and securing the platform. In this article, we provide you with a list of the four best exotic coins for staking in 2021. 

Hoard Exchange

The Hoard Exchange enables ownership of in-game assets and NFTs Ethereum while enabling additional functionalities to mix DeFi and NFTs. 

There are two products that Hoard delivers to the gaming industry. The first one is the Hoard marketplace, where the exchange curates digital goods and NFT for trading, selling and buying NFTs and art. The second component is enabling loans and borrowing on a DeFi protocol that uses NFT as collateral.

The HRD tokens work as the fuel of the platform. The platform has a total supply of 1 billion tokens, of which 48% are ready for distribution, 20% goes towards team endowment, 25% to the project pool, and 7% is distributed to the community. 

The staking mechanism of the HRD tokens should bring good yield to those investing in the Hoard Marketplace. The token owners can stake tokens and get compensated for supporting the growth and development of the platform. If you stake and transact on the Hoard Marketplace with an HRD token, your platform fee will automatically reduce as part of those fees will be returned to you in the form of staking rewards. But, your yield does not only stop here. You can swap HRD tokens on Uniswap to register a double gain on your holdings.


Public Mint

Established in 2018 and headquartered in Dover, Delaware, Public Mint is a platform for tokenized fiat that is fully collateralized, regulated, and FDIC-insured. It comprises a fiat-native blockchain, APIs, components, and an embeddable widget. The primary objective of Public Mint is to bridge the gap between crypto and fiat currencies. The platform was two years in development and launched to the public in July 2020. 

The native coin of the Public Mint platform is MINT. It has a maximum supply of 250 million tokens, and there are more than 17 million tokens in circulation at present. The MINT global earn program of Public Mint aims to bring direct fiat liquidity to CeFi and DeFi and expose the opportunities they provide to the world at large. The platform achieves this goal by creating earnings-based synthetic fiat currencies. 

USD Earn (USD+) is the first earnings-bearing synthetic currency launching. Users of Public Mint can stake funds into the USD EARN program. These funds will then be allocated across various CeFi partners and DeFi providers to generate yield. The MINT token stakers qualify to vote on the allocation of funds across the various partners. While the native yield of some of these partners and providers is more than 8%, the participants of the program also get the advantage of the open insurance protocols and that of immediate liquidity for those who exit their yield generating USD+ and transfer funds back to USD.

As a user, you can request to stake USD and receive USD+ in return, identifying your stake in the pool. Regular users can generate earnings by participating in the EARN program, deploying any amount of USD they choose. They receive the earnings-bearing USD+ in return. The MINT stakers become a part of the portfolio by voting on the earnings-bearing solutions in which they assess corresponding risk Vs. reward. MINT stakers get a portion of the earnings as a reward for their governance participation.

SuperFarm

The SuperFarm platform came into the market on March 31, 2021. 

Led and co-founded by an influencer and crypto blogger Elliot Wainman, SuperFarm is a cross-chain DeFi protocol that facilitates the launch of new Non-Fungible Tokens or NFTs without requiring the knowledge of programming or coding. The native token of the platform is SUPER. 

It fuels the network and provides utility to its holders in terms of making them eligible to vote, helping them with fees and purchases, rewarding the stakers, and allowing participants with NFT farming earning and rewards opportunities. The Super tokens have a maximum supply of 1 billion Super tokens, of which nearly 102 million are in circulation.  

There are diverse passive earning opportunities in the SuperEarn network. You can stake in the network by locking SUPER in a smart contract. You earn SUPER token rewards in return, paid from the collection of platform fees. Under the SuperFarm NFT Farming plan, you can stake SUPER tokens for exclusive NFT rewards from partner farms. 

As a user, you can also set up your farms on the platform. The minimum requirement for participation is that of 100,000 SUPER tokens. The number of tokens might appear to be a high barrier to entry. But, it ensures that there are no spams and the quality of farms set up is good. Offering eligibility to setting up farms works as an incentive for the purchase of the token. 

If you are a holder of SUPER tokens, you also qualify for NFT drop rewards. These drop rewards are mostly NFTs available in the Superverse and partnered video games. 

Polygon (Previously Matic)

The Matic Network aims at bringing significant scalability to Ethereum by the use of an adapted version of Plasma with PoS based side chains. Matic believes that the current blockchain ecosystem is not prepared to scale with the progress that the decentralized applications are making and aims at solving that. 

Staking on Matic Network became live on June 29, 2020. You can delegate your MATIC tokens and start earning rewards. Becoming a delegator on the Matic mainnet does not have any prerequisite. All you need to have is an Ethereum account. Also, you need to have your funds on the main Ethereum network to delegate your tokens. If you qualify as an early bird, users who stake before the network bounding rate touches 10%, you can earn APR as high as 100%. Although, the yield will change as the bonding rate increases. 

On February 9, Matic Network expanded its technological scope and mission and rebranded itself as Polygon. While Polygon positioned itself as Ethereum’s internet of blockchains, it kept existing Matic solutions fully functional and high priority. The MATIC token also remained critically crucial for the security and governance of the network. 

A delegator on the Polygon Network is the one who either can not or does not want to run validator nodes themselves. As a delegator, you can delegate staking tokens to a validator and earn part of their revenue in exchange. You have both the choices of either withdrawing the rewards or staking them to increase your delegation stake to your validator.

The approximate return on Polygon is nearly 17,000% at present if purchased at the time of launch. The maximum supply of MATIC tokens is 10 billion, whereas the circulating supply is 5 million. Validators on the network can stake their MATIC tokens as collateral and become part of the network’s PoS consensus mechanism to receive MATIC tokens in return. Those who do not wish to become validators can delegate their MATIC tokens to another validator.


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