NFT Staking: A Reliable Way to Earn Passive Income
Merkle Labs
Founded in 2021, Merkle Labs is one of the leading development studio and recruitment agency on the Solana blockchain.
Non-fungible tokens (NFTs) are unique cryptographic assets with their own identification system that make them valuable. Blockchain-powered projects like Doge Capital have created various ways to earn passive income, and NFT staking is one such method. Validators stake their assets or cryptocurrency to authenticate each transaction, earning rewards for the smooth run of blockchain. NFT staking involves locking up your NFTs for a specific project to earn rewards in the form of cryptocurrency while retaining ownership of your NFT.
Staking your Doge Capital NFT guarantees a passive income depending on the amount of NFT staked and the period. Being a stakeholder makes you part of the Woofbank owners, and the percentage of your claim depends on the worth of your staked NFTs. Moreover, staking your NFT assures you of at least one DAWG token per day if you stake a Golden Woofer. Staking your NFTs in Doge Capital ensures that you're investing in a trusted and transparent project. The project's roadmap and updates show that the team is working towards achieving its outlined goals.
Beta Version 2 of staking in Doge Capital has been released with various improvements. You can stake up to 10 NFTs, and bugs have been fixed, ensuring seamless staking transactions. The withdrawal bug has also been fixed, and stakeholders can now withdraw their proceeds easily.
To stake your Doge Capital NFT, simply visit the site, click the "Stake Your NFT" tab, import from your wallet, and click the stake button. You can stake up to 10 NFTs, and in the "Your Staking List" tab, you can unstake any of the NFTs you have previously staked.
SIMPLE GUIDE ON STAKING YOUR DOGE CAPITAL NFT
When you are one the site, in "Stake your NFT" tab:
- Click "import from wallet" and wait a bit.
- Click on the stake button to individually stake your NFT.
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- You can stake up to 10 NFT.
- In the "your staking list" tab, you can unstake individually any of the NFT you have previously staked.
- 1 Doge NFT = 5 $DAWG per day.
- 1 Woofer = 1 $DAWG per day.
To claim your $DAWG tokens click on the Withdraw button.
- Having a Doge NFT + Woofer NFT stake is compulsory for claiming stake rewards.
- A random Woofer gets burnt during the $DAWG withdrawing transaction.
In conclusion, NFT staking is a reliable way to earn passive income, and Doge Capital is a trustworthy project with a proven roadmap. If you're considering staking your NFTs for a specific project, Doge Capital is a smart choice.