Why You Should Start Staking Now with Wise Token
WISE is an ERC-20 token accompanied by a Smart Contract and based on the Ethereum blockchain. As a decentralized, trustless, transparent token, WISE provides an alternative for traditional investment systems like bonds and certificates for a deposit (CDs).
WISE is an ERC-20 token accompanied by a Smart Contract and based on the Ethereum blockchain. As a decentralized, trustless, transparent token, WISE provides an alternative for traditional investment systems like bonds and certificates for deposit (CDs).
You can invest in WISE just like you do in bonds. It’s called staking, where you have to lock up (stake) a number of WISE (tokens) in the smart contract for a certain period. In exchange for locking up your WISE in the contract, you’ll earn interest over the staking period.
WISE is better than bonds and CDs in terms of flexibility and profitability. Unlike bonds, WISE allows you to withdraw your interest at any time during the stake period. Also, you can liquidate your funds in case if you are in need of money. The interest rate with WISE is higher than most traditional investments.
Still wondering why or whether you should stake in WISE? Here’s why WISE Staking is the best.
Staking in WISE works more or less like investing in bonds or CDs. You get rewarded in exchange for your deposits. One major difference, however, is in terms of flexibility. Bonds pay out interest on fixed, regular dates. CDs, on the other hand, will only pay out interest on maturity. Neither will allow you to withdraw your interest before or in the middle of the deposit period.
WISE Staking, however, offers withdrawal flexibility by allowing users to cash out their interest at any time during the stake period, without a fee or penalty. You can withdraw at any time and multiple times during the period.
The returns in traditional investments like bank deposits and bonds are linked to the market. Nevertheless, they are not as high as you would want and come with great risk. WISE gives you better returns than bonds at a reduced risk.
The value of your WISE stake (shares) will continue increasing with time. The earlier you stake, the more shares you’ll get. Also, the share price will increase by 15% on the third day of the Circulation Epoch, so you can increase your profits by investing during the period.
WISE offers immediate liquidity for anyone who wants to sell their tokens. You can cash out your stake instantly on the Uniswap DEX. Thanks to the massive liquidity pool of WISE, liquidating your stakes is easier than breaking a bank deposit.
With WISE, you no longer have to trust a centralized entity or person with your money, as all the stakes as well as the distribution of interest are managed by the WISE Contract in a transparent and automated manner and without the involvement of humans. The WISE Contract is pure code that cannot be changed and the rules of the contract are fixed.
Depending on which asset you are comparing WISE to, it has indisputable advantages. It offers better returns than stocks or bonds but is not as risky. The flexibility of withdrawing your interest and/or liquidating the principal (with a penalty of course) at any time is certainly a plus. To start with, you can stake in WISE as little or as high as you want.