Monthly Passive Income with Crypto in a Few Steps.
Founded in 2014, Coinomi is the longest-running crypto wallet, counting several million active users. Featuring 168 fiat currency displays, and can be read in 25 languages, Coinomi is a multi-chain wallet for mobile and desktop computers that provides native support and true ownership for over 125 blockchains and thousands of tokens. Coinomi natively supports Cold staking technology which allows you to make monthly passive income with crypto!
To download Coinomi Wallet click here!
What is Cold Staking?
Cold staking is not related to proof of stake or a consensus mechanism; cold stakers do neither generate blocks nor confirm transactions. The cold staking contract collects 30% of all mining reward and distributes it to the cold stakers in direct proportion to their holdings.
Cold stakers earn a passive income by locking their coins for 27 days. Therefore, it’s a much more secure and eco-friendly way to earn passive income with cryptocurrencies.
Cold Staking Essential Points
- You can start staking at any time.
- A staking round always lasts 27 days.
- You need to keep some CLO on your wallets to cover transaction fees (generally ~1 CLO is enough).
- Please note that you must wait until the end of the staking period (27 days) before adding funds to the staking contract once you have started a staking round. Otherwise, the current reward will be lost, and a new round will start.
- We recommend you to withdraw the entire deposit with the reward once the staking round is completed, and then restart the staking.
Just click below for a detailed description of Cold Staking!
Monthly Passive Income with Crypto: The Step-by-Step Tutorial
1. Open Coinomi on your smartphone.
2. Select your Callisto wallet.
3. Tap on “+” then select “Cold Stake”.
4. Enter the amount of CLO you want to stake and tap on “DEPOSIT”.
5.Tap”OK” on the re-staking warning, confirm that you want to stake by pressing “CONFIRM”, then enter your password for the Coinomi app to confirm the transfer.
6. Wait 30 seconds, then tap the refresh icon.
7. You can now see your deposit under the “Staking amount”.
Within 27 days, your passive income will be available.
💡 Note: The value of the reward will be shown after the completion of the staking round, i.e. after 27 days.
A great guide on staking using Coinomi Wallet can also be found on the helpdesk page of Coinomi.
Cold Staking, Passive Income With Cryptocurrency For Everyone.
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