Surviving the downturns of the crypto market can lead to bad decisions, like panic selling. To tackle such impulsive behavior, especially for promising cryptos like CUDOS, staking can be a solution. Here's why I staked all my CUDOS:
Strong Fundamentals: CUDOS has strong foundations, which is the first reason why I staked all my CUDOS.
Survival Strategy: Staking acts as a safeguard against panic selling in bear markets. By staking your cryptos, it prevents quick sell-off decisions in flash crash, offering time for emotions to settle.
Earning More CUDOS: With a staking rate of more than 8%, it offers a way to increase CUDOS holdings, potentially reducing the average cost of buying and creating a passive income.
Engaging with the Network: Staking symbolizes belief in the project and active participation in its ecosystem. As staking reduces liquid supply, it can stabilize token prices and encourage more people to invest and stake.
Conclusion
Staking CUDOS is so beneficial, preventing you from selling in your panic mode to generate some passive income for you and also making you part of the larger CUDOS ecosystem. Even though the amount you staked is small, as you stake, you contribute to some extent to building a more robust system. So I hope you now understand why I have staked all my CUDOS.
For info about CUDOS visit official website:- https://www.cudos.org/