Coinsloot Staking

CoinsLoot is the world’s first cryptocurrency project created as DeFi and loot boxes in one

December 15, 2020 Off By TCA PR

CoinsLoot is the world’s first cryptocurrency project created as DeFi and loot boxes in one. The main destination of the project is to increase the adoption of cryptocurrencies among new and sceptical users, but also for crypto enthusiasts. CoinsLoot created their own native LOOT token based on the ERC20 protocol. The system is fully decentralized and runs on the smart contract. CoinsLoot is the first platform that offers the real, limited items that you can get for cryptocurrencies. ICO of the project started on December 2nd, during the first stage the entire supply of LOOT tokens was sold. Now you can buy tokens by 0,07 USDT and become an early investor.

Is staking worth it? 

Proof of Stake (PoS) mechanism is getting more and more popular those days. Even cryptocurrencies like Ethereum (ETH) are considering the transition on that. Staking is also a good way to support the network. In contrast to Proof of Work (PoW) where miners work to secure the network and create new blocks, in Proof of Stake provides verification and production of new blocks and transactions.

Staking is easier than mining and much safer than trading. It is a great example of passive income, which in fact can be really profitable.

Staking of LOOT tokens

Staking is blocking or holding of funds in a crypto wallet or contract to receive rewards. Staking can be done in many ways. CoinsLoot project decided to choose an innovative way which tracks the time when token is blocked, which means that rewards depend on the amount of staked tokens and staking time.  

Why is it profitable to be an early investor of CoinsLoot?  

Investors have an opportunity to stake their tokens to earn rewards from every transaction on the platform. CoinsLoot implemented staking age, so the longer investors keep tokens in the smart contract, the higher the rewards will be. The purchase of tokens during the ICO is very profitable as its current price of 0.07 USDT is the lowest you will ever buy LOOTs for, when the project will introduce native token on the exchanges its price will increase significantly.  

About the LOOT token

Native LOOT token is based on the well known and trusted ERC20 protocol. Due to that, every user which has any tokens based on the same standard. There is no minimum or a maximum number of tokens that investors wish to purchase. Now you can buy LOOT tokens during the ICO, which will last until February 2021. Accurate ICO plan with all the prices and terms:

Stage 1 – 11,000,000 Loot Tokens at $0.06

December 2nd 2020 00:00:00 CET December 11th 2020 24:00:00 CET –  SUCCESSFULLY COMPLETED

Stage 2 – 12,000,000 Loot Tokens at $0.07

December 14th 2020 00:00:00 CET December 23rd 2020 24:00:00 CET – ON GOING

Stage 3 – 13,000,000 Loot Tokens at $0.08

December 24th 2020 00:00:00 CET January 2nd 2021 24:00:00 CET

Stage 4 – 14,000,000 Loot Tokens at $0.09

January 3rd 2021 00:00:00 CET January 31st 2021 24:00:00 CET

Stage 5 – 15,000,000 Loot Tokens at $0.10

February 1st 2021 00:00:00 CET February 28th 2021 24:00:00 CET

After the final stage we will be listing the tokens on major exchanges in March 2021 starting at the Price of the final stage of the ICO which is $0.10.

Is staking of LOOT token is profitable?

Investor staking is the most important aspect of the CoinsLoot project.  Investors earn staking rewards with every transaction that occurs from users opening loot boxes. Also, due to the staking age system investors with staked tokens will have profits depending on how much time they will stake their tokens. 

CoinsLoot investition – Summary 

CoinsLoot is a unique project, a mix of crypto, loot boxes, and decentralized finance app. All parts of the project are common and growing in popularity. Introducing loot boxes into the cryptocurrency world makes the new field of use loot boxes. There is a big chance that this system will be adopted more widely. It is worth adding that the project is almost completed, so you do not have to wait for months to use the platform’s services. Current price of LOOT token is 0,07 USDT. Compared to the profits you can get by staking, it is worth investing in CoinsLoot and become on of the early investors. 

To participate to Coinsloot ICO visit: https://app.coincasso.com/ieo/4/

Coinsloot Official website: https://coinsloot.com/

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