After making few coin prediction in May and seeing the price surges to more than 50 %. I took a risk of investing in one of the coin other than HIVE. This time I am going with IOST, which is listed on WazirX recently. And getting a return of 29% in two days, I am getting positive on my investment. I bought it at $0.4830 and currently it is trading at $0.6239. A sharp jump of $0.1409.
IOST describes itself as an “ultra-fast,” fully fledged and decentralized blockchain network and ecosystem with its own nodes, wallets and based on the “next-generation” consensus protocol dubbed “proof-of-believability.”
To enjoy the sweetness of any investment, one need to hold it for longer duration. I am not in hurry to sell IOST in two days time, and also I am not a investing lots of money. I am more interested in knowing my research on these Altcoin. So I merely invested only $19 which was spared in my Binance wallet.
Though there was a contest going on WazirX, I made the coin purchase in Binance reason being, Binance offers some lucrative APR by Staking few coins. And when I notice that IOST is one available in the Staking list, I wasted to time in Staking it soon after purchase.
The 60 and 90 days stakinh bucket were completelly sold out so I left out to choose only 30 days of Staking at 7.64% interest rate. Which will allow me to earn some more coins out of my total wallet coins. Staking does help in multiplying my existing wallet balance. At the end of the 30 days, I would be getting an add on of approx 2.46 interedt on my IOST balance.
I am very much impressed, with the Staking option available on Binance, though the APR rate is marginally lower than other exchanges. But it does allow user to make secondary income just by hodling it for few months. As I said I am not in a hurry to sell these IOST coin so soon, so hopefully, by gathering it for more months, I would be earning good interest on my IOST wallet balance. Likewise I am also hoping , to get good return on the investment. Who doesn't want to see their investment grow. I am also looking to get a bit price drop so that to accumulate more.