VeChain VET tokens are now available on the Crypto.com soft staking platform. The pioneering payments and crypto platform made this announcement via an official blog post on May 5.
According to the announcement, users can now enjoy returns up to 2% per annum by simply holding VeChain VET tokens on Crypto.com.
Prior to this announcement, the payment platform already supported BTC, USDT, XRP, ETH, EOS, LTC, XLM, MCO, ATOM, CRO, BCH, XTZ, LINK, and USDC. The addition of VET token on the platform brings the total cryptocurrencies available for Crypto.com Soft staking to 15.
About Crypto.com soft staking
A major attraction with Crypto.com Soft Staking is that users stand the chance to win dividends on a flexible term. It thus requires no commitment period and interest payment takes place on a daily basis. All interests are paid in their respective digital tokens, funds are placed in pending orders alongside CRO tokens used to subscribe for events on Crypto.com Syndicate. The maximum interest attainable also solely depends on users CRO tokens staking levels.
Amount of CRO staked to interest available
Source: Crypto.com blog
A ‘soft-staker‘ does not run the risk of losing control over held assets. Simply put, they can still trade assets while earning passive income with staking. With no “lock-up” of funds in soft staking, market volatility risks also nullify.
The blog post also laid down the process of earning rewards on Crypto.com soft staking in easy steps.
- First, users need to login to their Crypto.com account.
- Next, they have to click the “Stake & Earn” tab.
- Then, users need to navigate to the soft staking menu.
- Lastly, they will have to activate the interest payments on the soft staking menu.
Readers will remember, we had previously reported when VeChain (VET) first became available on the Crypto.com Syndicate platform. Earlier, it had collaborated with Shanghai Gas to launch an energy project enabled by blockchain.