Crypto Platform Giottus Launches Staking, A Way To Earn Passively Upto 10% APY

Keeping with the stated aim of aiding crypto adoption and wealth creation in India, Giottus has introduced Staking, a feature that helps investors earn with their crypto assets such as Cardano (ADA), Polygon (MATIC), Solana (SOL), and Tron (TRX). Currently, the estimated annual percentage yield (APY) on these assets is between 6% and 10%.

Following the successful introduction of FD, Baskets, and SIPs, Giottus customers can now make passive income on their favourite tokens with Staking. All registered customers of Giottus with the above-said assets can start staking immediately or do so by purchasing coins. Ethereum (ETH) is expected to be added to the feature once the Merge is successful this month.

Staking cryptocurrencies is a method that involves engaging crypto assets to support a Proof-of-Stake (PoS) blockchain network and confirm transactions. Protocols like Bitcoin, allow miners to earn rewards for creating blocks. Miners employ specialised hardware that does heavy computing to race towards the solution and claim reward. This is termed as Proof-of-Work (PoW). On the other hand, PoS allows Stakers to claim the rewards for creating blocks. In simple terms, staking is a way of having passive crypto assets earn rewards.

FD and Staking are both methods of passive investment. FD involves generating yield through DeFi lending and comes with a guaranteed interest. Staking allows risk-free earning, but it is possible only on select protocols that use the PoS mechanism. Staking does not come with guaranteed interest as the yield is distributed among all stakers. Actual rewards will be based on the number of participants in Staking.

Investors are requested to approach Giottus’ 24x7 customer service team for further clarifications on the product.

About Giottus Crypto Platform

Giottus is a customer-centric, all-in-one crypto investment platform that is changing the way Indian investors trade their virtual digital assets. Giottus aims to shed barriers that arise from the complexity of the asset class and the need to transact in English. We focus on building a simplified platform that is vernacular at heart. Investors can buy and sell crypto assets on Giottus in twenty Indian languages including in Hindi, Tamil, Telugu, and Bengali. Giottus is currently India’s top-rated crypto platform as per consumer ratings on Facebook, Google, and Trustpilot.

Giottus Becomes the 1st Indian Crypto Platform to List Optimism (OP) Token

Giottus announces the launch of Optimism (OP) token on its platform

OP is a layer 2 scaling solution of Ethereum that competes with Polygon (MATIC)

Giottus, top-rated crypto asset platform, has launched trade of Optimism (OP) token, becoming the first Indian exchange to do so. OP/INR pair is currently live for trade in Giottus while deposits and withdrawals of the token will be enabled in the upcoming days.

Layer-2 scaling solution Optimism aims to be a low-cost and fast processing machine on top of the Ethereum blockchain. It claims to have already saved more than $1 billion in fees and competes in the same space as Polygon (MATIC). OP is the governance token of the platform and has seen considerable demand from early retail investors.

Optimism solves one of the core problems with the Ethereum network - its scalability. As more and more decentralized apps (dApps) are built on the network, the speed of transactions has slowed along with an increase in cost of using the network, creating the need for scaling solutions. Layer 2 solutions such as Optimism help solve the above by creating a processing engine that executes transactions without using Ethereum’s blockchain while extending its security.

More than 225 million OP tokens (~5% of supply) have been airdropped to Optimism’s early users this week while the total supply for the token is pegged to be 4.3 billion. OP is currently trading at a price of $1.25 per token with its daily volume surpassing $500 million as per CoinMarketCap. The token is already available for trade in international exchanges such as Binance, KuCoin and Coinbase.

About Giottus

Giottus is a customer-centric, all-in-one crypto investment platform that is changing the way Indian investors trade their virtual digital assets. Giottus aims to shed barriers that arise from the complexity of the asset class and the need to transact in English. We focus on building a simplified platform that is vernacular at heart. Investors can buy and sell crypto assets on Giottus in eight languages including Hindi, Tamil, Telugu, and Bengali. Giottus is currently India’s top-rated crypto platform as per consumer ratings on Facebook, Google, and Trustpilot.

Giottus Cryptocurrency Exchange Launches Two Smart Investment Features for Indian Investors

Launches Baskets–an expert-curated thematic selection of crypto assets

Introduces SIP feature allowing recurring investments starting at Rs.100

Giottus, India’s top-rated crypto platform, today announced the launch of two smart investment features for the benefit of all crypto investors and enthusiasts. First is Baskets, an expert-curated thematic investment feature, which augments an investor’s portfolio in the long run. Second is a SIP feature to automate and schedule regular purchases of popular crypto assets. Investors would be able to start investing with as low as Rs. 100. Both products are designed to help investors expand their crypto portfolio with smarter and safer investment options.

Basket

Baskets are curated by experts and research analysts. Investors will be able to buy a selection of crypto assets with one click. These assets, conceptualized based on the themes they represent, have immense growth potential. Themes such as DeFi, Metaverse, gaming, and meme coins are already popular among Indian investors. Baskets are specifically designed to meet this demand.

Baskets 

 
SIP is a proven method of beating volatility in an emerging market like crypto. It helps in building a strong portfolio with optimized cost. Starting at Re.1 per buy, investors can schedule their SIP on an hourly, daily, weekly, or monthly basis on the Giottus platform.

Commenting on the new launch, Giottus CEO Vikram Subburaj, said, “This is an exciting month for the Indian crypto ecosystem. We believe that this is an opportune time for us to launch two exciting and innovative products–Baskets and SIP–to help customers build a diversified crypto portfolio. They are conceptualized to ease every investor’s predicament in terms of choosing the right set of crypto assets and timing their trades. We intend to add more product offerings soon, including fixed deposits and staking, that will make our platform a comprehensive suite of financial products for the savvy crypto investor.”

Both the products are currently available on Giottus’ mobile apps and website.

About Giottus

Giottus is a customer-centric, all-in-one crypto investment platform that is changing the way Indian investors trade their virtual digital assets. Giottus aims to shed barriers that arise from the complexity of the asset class and the need to transact in English. We focus on building a simplified platform that is vernacular at heart. Investors can buy and sell crypto assets on Giottus in eight languages including Hindi, Tamil, Telugu, and Bengali. Giottus is currently India’s top-rated crypto platform as per consumer ratings on Facebook, Google, and Trustpilot.