ZerPaay, a new token in the dog-meme ecosystem has risen as a new contender that is planning to promote the adoption of the XRP Ledger.
While it is currently known as a meme coin, it has plans to move from that narrative to be a bigger crypto community with multiple products.
The ZRPY token itself has been launched and is now available to be traded on the market in some centralized and decentralized exchanges.
The token itself is currently available to be staked, where holders can get a return as they wait for the development progress to unfold.
How to Stake ZRPY
If you are a ZRPY, then this guide is for you, as this article will help you to stake ZRPY on one of the exchanges that has listed the token, which is at Bitrue.
To stake ZRPY, holders need to have it on Bitrue and then allocate them specifically for staking without using it for other purposes.
If you do not have any ZRPY, you can also buy them on Bitrue to utilize them for their potential price increase while their price is currently cheap.
To stake on the Bitrue platform, the first step to do is go to the staking page that can be seen in the top part of the platform and then click on it.
After that holders can scroll down to find the ZRPY Token staking option to start the staking process.
Holders only need to click the “Stake Now” button and then look into the informations that are needed to be input on the pop up confirmation page.
After looking at the confirmation page, holders need to only input the amount of ZRPY that are going to be staked in relative to the ZRPY that they have.
Note that you cannot stake more than what you have, so if you want to stake more than what you have, you need to buy more.
Currently there is a locking period of 30 days, which means that you cannot take your ZRPY out if the staking period has not ended.
The return per year of this staking platform is currently around 100%, which is relatively high compared to other tokens.
But note that this APY or return per year might change as it is a floating amount that will not guarantee you 100% every year.
Earning while Waiting for Developments
Staking is a great way to earn interest while waiting for the development process of the ecosystem.
This is because ZRPY is relatively new so there might be temptations to sell them from positive sentiments pushing it higher to negative news pushing it lower.
With staking, you cannot sell them, hence it forces you to be a long term holder to capitalize on future developments and profits that might come.
Regarding ZerPaay itself, there are loads of plans being prepared for the future, as the project itself is currently giving out information about current progress that are being made in the ecosystem.
ZerPaay is developing not only a token, but also a game where you can learn and earn at the same time.
The learning process itself is regarding the XRP Ledger, so you will not learn some random stuff, but you will learn the intricacies of the XRP Ledger and how it differs from regular blockchains.
Also ZRPY is currently developing four games on its ecosystem which can be seen from the picture above.
Overall, the development process is positive with no signs of potential rug pulls, so holders can capitalize on the staking platform to earn interest while waiting.
Official Website
Website: https://www.bitrue.com/
Sign Up: https://www.bitrue.com/user/register
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The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.