Help Beginner Investors, Indodax Launches New Feature Called Staking

JAKARTA - Starting in 2023, the world crypto market is developing very positively. In terms of prices, crypto has experienced a lot of price increases after experiencing a bearish phase last year.

Not only talking about prices, blockchain adoption and crypto by major and world-renowned institutions, the emergence of web-based platforms 3, the increasing number of applications in the field of DeFi also supports the world's crypto market to continue to grow even more massively.

Seeing the increasingly massive development of the crypto market, Indodax has launched its newest feature called staking, a feature that is awaited by the majority of crypto investors transacting at Indodax so far, especially for long-term investors.

"I see now is the right time for Indodax to launch our latest feature, Staking. This feature allows Indodax investors to get rewards with attractive nominals by locking crypto assets in Indodax accounts," said Indodax CEO Oscar Darmawan.

The launch of this staking feature is also part of the launch of several other new Indodax features that have been launched some time ago. The hope is that both novice and experienced investors can easily and safely make Indodax purchases and can reap the expected profit.

"If investors want to stake on Indodax, investors can go directly to the Earn tab which can be accessed on the Indodax.com website. For now, Indodax investors can only stake Polkadot (DOT) assets with a minimum staking of 10 DOTs. Over time, Indodax will certainly present other cryptocurrencies so that investors get a lot of choices of assets that can be staked," said Oscar.

"To stake, investors must first carry out the KYC (Know Your Customer) process and verify the data by the indodax team. After that, investors can purchase Polkadot (DOT) crypto via the indodax.com website.

"After the order is successful, investors can visit the Earn tab and enter the desired number of Polkadot cryptocurrencies to be staked with a minimum staking of 10 DOTs. In the staking confirmation column, investors can see how much percent APOY (Annual Percentage Yield) is obtained, along with the interest rates obtained with the interest period obtained, which is every day," explained Oscar.

Oscar also added that in this staking process, investors need to wait three calendar days (BANDING) first so that the blockchain from DOT itself can confirm the desired staking.

Setelah tiga hari, status akan berubah menjadi "EARNING". Dalam periode EARNING, investor akan mulai menerima bunga harian. Rewards ini tentu tidak akan berhenti sampai investor memutuskan untuk berhenti staking.

If investors want to apply for UNSTAKE, the status will change to "UNBONDING". Investors need to wait 28 days and when the unstake is successful, the initial DOT nominal when they buy a DOT in the Indodax market and their nominal DOT rewards will be transferred directly to their Spot Wallet and their status will change to "FINISH".