What is Staking? Moving from 'Holding' to 'Participating' in Cryptocurrency

Hello 💜 It's Kokoro‼️
Was the previous post on RWA easy to understand? ⬇️

This time, I'm going to write about staking 💜

What is staking?

When you look into cryptocurrency,
you often see the word "staking."

Honestly, even if you have the impression that
"it increases if you deposit it,"
why it increases or what is actually happening is something
most people probably don't understand.

I was the same way at first.

This time, I will break it down gently so that even those who don't know about cryptocurrency can understand
💜

Why is it called staking?

This might be sudden, but
staking has nothing to do with a steak (the meat) 🥩

The etymology comes from the English word stake.

This word 'stake' has meanings like:

• a bet

• collateral

• something put forward to participate

is what it means.

In other words, staking is,

That is why it is called "staking."

What is staking in super simple terms?

Staking is,

It is often compared to bank deposits, but it is actually a bit different.

Isn't bank interest the same as staking?

Bank interest and staking involve different 'roles' for the participant.

Bank depositsare👇

• Depositing money

• The bank uses it freely

• The depositor basically does nothing

👉 Just a 'customer'

Stakingis👇

• Depositing assets

• Participating in the operation and security of the system

• Rewards are earned as compensation for participation

👉 'Participant'

This 'whether or not you are participating' is the biggest difference.

🏦 Bank interest is a 'service fee'

A mechanism where the bank makes a profit and returns a portion of it as a 'thank you'.
The yield is mostly fixed and protected by national systems.

Staking is 'reward for a role'

By following the rules and supporting the system,
you get rewards as compensation for your workis the idea.

Why do you get rewards when you stake?

In the world of cryptocurrency,
to maintain transaction records and security,
people who support the networkare necessary.

With staking,

• by depositing your cryptocurrency

• you contribute to the stability of the network

• and the profits generated as a result
  are distributed as rewards

is how the mechanism works.

👉 It's not that it's increasing on its own, but rather
the image is that you are sharing in the profits generated by the mechanism in action
👌

Main Types of Staking

There are several ways to stake.

① Exchange Staking (For Beginners)

• Deposit cryptocurrency into an exchange

• No difficult settings required

• Easy to start with a small amount

👉 The easiest method for beginners to start

② Delegated Staking

• Deposit cryptocurrency with a professional operator

• No need to manage it yourself

• Sometimes offers more flexibility than an exchange

③ Self-Staking (For Advanced Users)

• Prepare the hardware and settings yourself

• Requires technical knowledge

• Often requires a large amount of money

👉 Not highly recommended for beginners

Benefits of Staking

• Receive rewards just by holding

• Earn income without having to trade

• Compatible with long-term holding

• Tends to be a relatively stable investment

⚠︎ Points to Note About Staking ⚠︎

Since staking is an investment, it is not all good news.

・There is a possibility of losing principal if the cryptocurrency price drops
・You may not be able to move your assets immediately while they are staked
・There are risks associated with the service provider
・Tax treatment can sometimes become a bit complex

👉We do not recommend starting just because "it might increase."

So, what exactly is 9D Assets?

Everything discussed so far is
strictly "general staking".

9D Assets is

👉 a "Exchange/Service-based Staking" performed within the CoinChief exchange

• No difficult settings required

• You can participate by following the on-screen instructions

• Rewards are reflected in an easy-to-understand way

which is a user-friendly design.

This is the unique feature of 9D Assets

Most staking
is completed entirely within the cryptocurrency world.

On the other hand, 9D Assets

from the very beginning.

However, there is a slight difference here‼️

9D Assets has
a point that differs slightly from general exchange staking.

That is,

Most staking is completed entirely within the cryptocurrency world

and is a mechanism where everyone shares the rewards for operating the network.

That is the mechanism.

On the other hand, in the case of 9D Assets,

is incorporated from the very beginning.

9D Assets is,

• something you can easily participate in within an exchange

• but it doesn't end in the cryptocurrency world

• staking that connects with real-world movements

Once you understand this difference,

I think you will naturally see that this is the case.

Next, I will explain 'What is the CoinChief exchange?' as simply as possible again.😊

🏃‍♂️ Registration takes about 3 minutes | Free Account Creation Guide

First, create a free account and
check out the CoinChief screen and the flow of 9D Assets.

Step 1 | Create a free account

First, create a free CoinChief account.
Please open the registration link here.

🔽 CoinChief Exchange Free Registration　https://x.gd/QxVuc

The registration process is as follows.

1. Enter your email address

2. Tap 'Send email verification code'

3. Enter the verification code received in your email

4. Enter your password

5. Tap 'Create account'

Your free registration is now complete.☺️
At this point, 9D Assets operation has not yet started.
First, check the CoinChief screen and the feel of the app, and make your decision at your own pace while looking at the necessary materials.
※The link includes PR.
This is a link with Kokoro's invitation code.
For those who register via my link,
I provide careful follow-up as much as possible regarding screen confirmation after registration, how to use the app, and account design.
If you have any questions,
please feel free to contact me via Kokoro's official LINE.💜

🔽 Kokoro💜 Official LINE　https://x.gd/2Ly2O

Step 2 | Prepare the official CoinChief app

Once free registration is complete, download and log in to the official CoinChief app.
In the app, you can check the CoinChief screen and the flow of 9D Assets.

🔽 Download the official CoinChief app https://x.gd/96kTn

*If an error occurs, please reopen the link in a standard browser like Safari or Chrome instead of the LINE app's internal browser.
Depending on your smartphone environment, a confirmation screen may appear during installation. Please check the on-screen instructions and proceed calmly. ☺️

For iPhone users

If you cannot download the CoinChief app on your iPhone, please download the "TestFlight" app first.
TestFlight is an official Apple app used to access certain apps on your iPhone.
After installing TestFlight, try opening the official CoinChief app download link again; you may be able to install the app.

For Android users

On Android, when you tap the downloaded file, a message saying "Install this app?" may appear.
At that time, a message from Google such as "Permission required" might be displayed.
In that case, please allow the installation from your smartphone's settings.
Once allowed, a security check will begin, and you can install the app after it completes.
The display on Android devices may vary slightly depending on the model and version.
If you are unsure, do not force it; please proceed while checking the on-screen instructions.

Step 3 | For those who want to know more

After you have registered for CoinChief and prepared the app, if you are someone who:
"Wants to know more about how 9D Assets works"
"Wants to see the atmosphere before registering"
"Wants to hear from people who are actually using it"
"Wants to confirm things you don't understand"
Please feel free to use our information exchange open chat as well. 💜

In the open chat, we share as much as possible about:
The basics of 9D Assets
How to use CoinChief
How to read the app screen
The flow of withdrawals and exchanges
Frequently asked questions
Things we learned from actually trying it out

It is perfectly fine to just look at the information first.
If there is anything you don't understand, we will check it together as much as we can. ☺️

🔽 9D Assets/CoinChief Information Exchange Open Chat https://x.gd/FjouG

*The open chat is approval-based to ensure we provide safe information.
Please enter the number from the question when joining. ☺️
Also, if you want to check the overall picture and how to get started with 9D Assets all at once, please see this detailed guide.

🔽 9D Assets Detailed Guide https://x.gd/xsSa4

Important Notes

This article is intended for information sharing purposes.
It does not force you to invest.
CoinChief is an overseas cryptocurrency exchange, and 9D Assets is a system related to cryptocurrency and staking.
Cryptocurrency operations involve risks such as price fluctuation risk, liquidity risk, operational risk, regulatory risk, and specification change risk.
Please be sure to check the details yourself and make your own decisions after understanding the risks.
Please make investment decisions at your own responsibility. 💜