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Announcement

Help Center>Financial>User Guide>

What is locked hybrid financing staking?

The crypto anatomy

Updated at: 2 years ago

The BitNasdaq exchange platform has the goal make trading and staking seamless    and easy to understand, even for non-tech-savvy users. The Locked Hybrid    Financing staking and financial plan is a new addition making staking simple    with multiple options. There are multiple options to choose from and for the    set number of days that the user chooses.

The core difference between the Locked Saving plan and Locked Hybrid Financial    is the easy option that this type of staking plan gives. If the user wants to    earn APY in a specific cryptocurrency but does not own it, then they can    simply stake it in USDT and earn the cryptocurrency of their choice. For    example, if the user does not have BTC but has USDT, they can stake in the    pair of BTC/USDT and earn BTC.

The different options available in this form of staking also make this plan    user-centric and seamless. The first option here is the choice between    multiple cryptocurrencies including ETH, BTC, and QTC to name a few. The    second option is the choice of days, and however many days the user wants to    stake their assets. These options include 360 days, 180 days, 90 days, and 30    days. These multiple facilities available to the user make staking more    customizable for each user.

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The Staking Procedure

The staking procedure is very simple, with easy-to-understand steps and    procedures.

1. All the user has to do is sign up on the BitNasdaq platform    first, because without an account you cannot stake on the platform.

2. Once    signed up and logged in, the user has to go into the Financial section and    select the Locked Hybrid Financial section.

3. In the Locked Hybrid Financial    section, the user can choose from the cryptocurrency pair or token pair that    they want to stake.

4. The next thing that the user has to select the number of    days that they want to stake their cryptocurrency.

5. Once these two options    have been chosen, the user has to enter the amount of USDT which they want to    stake.

6. Once all the necessary information has been provided and completed,    the staking will begin for the set number of days chosen. Here note that once    you start staking, the currency staked by the user will remain locked on the    platform for the chosen time. The lock cannot be opened before the set number of    days is over. The APY will be received at the end of the staking.

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