Polygon (MATIC), Terra (LUNA), and Avalanche (AVAX) join the Bit2Me Earn offering from now on. These three cryptos, which are among the Top 20 most capitalized cryptocurrencies, are now part of our staking tool, already used by more than 30,000 users, and where you can already hold 17 other cryptocurrencies to earn rewards with them without having to do anything.
- Matic (7.5% APY): MATIC is the native token of the Polygon network. Its main purpose is to serve as a utility token to power the Polygon network as a Proof-of-Stake (PoS). In addition, the MATIC token can mobilize value between users and DApps within the Polygon network. That said, the MATIC token has multiple roles and fits the different realities within the Polygon network.
- Luna (3.5% APY): LUNA is the native token of the Terra network. The main function of this token is to protect the Terra network from misuse of its resources (spam), being used as a currency to pay commissions for operations in the ecosystem. The second use of this token is its application for the necessary staking to set up validator nodes on the Terra network.
- Avax (5% APY): Avax is Avalanche’s native cryptocurrency, currently one of the fastest and most scalable blockchains based on the Proof-of-Stake (PoS) protocol. Avalanche has a total of 75 decentralized protocols on its chain. Among these protocols, several of the most well-known DeFi’s in the industry, such as Aave, Curve Finance, Kyber Network, SushiSwap, Pangolin, and more, have been implemented on this blockchain to facilitate its users’ access to faster, more accessible, and affordable services and features.
A Service With Great Reception Among Users
Bit2Me Earn, launched for B2M holders on December 29 and for all other users on January 1, is the tool that makes you earn cryptocurrencies just by holding them. This service is completely free, with no fees and no strings attached: you can add or withdraw cryptocurrencies at any time. As rewards, Bit2Me Earn brings up to 20% in traditional cryptocurrencies and up to 300% annual percentage reward (APY) in B2M, our native token.
During the first month of Bit2Me Earn’s life, in January, 29,379 users decided to join this service to get rewards for their cryptos. As a result of their trust, 97.54% of the rewards received in Bit2Me Earn were in B2M. In total, 11 million B2M were distributed during January, with an estimated value of about $550,000 (based on the average quotation for January). In total, that first month, there were already 547 million B2M generating rewards within Bit2Me Earn. Moreover, of the B2Ms released on January 1, 58.86% were added to Bit2Me Earn to generate rewards directly with them.