STAKE
An Introduction To Crypto Currencies.
Crypto Currencies are often not thought of as REAL MONEY, but are in fact just as real as any currency and the only differences are…
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Crypto Currencies are 100% digital
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Crypto Currency transactions are more secure than any other form of transaction as the blockchain is unhackable.
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Crypto Currency transactions are NOT reversible and so great care must be taken when sending or requesting payments to make sure all the data is correct.
Crypto Currencies are widely traded on exchanges in the same way that traditional (fiat) currencies are traded on FOREX exchanges.
Crypto Currencies are helping to create more wealth generally and more millionaires than ever before and represent the future today!
What Is A Stake?
A Stake is a process used in the “Crypto World” whereby someone can increase their income from completing exactly the same tasks. This was originally introduced in the mining of coins allowing miners to be paid more for verifying entries on the blockchain. It is not a purchase but a deposit for a fixed contract period and provides the “staker” with improved rewards as laid out in the contract.
Staking effectively removes some of the currency from circulation and therefore improves the supply and demand ratio to help maintain a more stable value of the currency staked.
Stakes are returned gradually over the period of the contract which in most instances is 12 months but in We Share Abundance is just 30 days of activity (logging into your account).
About Staking In We Share Abundance.
There are 6 levels of Staking in We Share Abundance and these are called Pools and numbered from 1 to 6. Pools must be staked in order and to be valid must have active Stakes in lower Pools.
Example: To Stake Pool 2 you must have an active Stake in Pool 1 AND if Pool 1 Stake expires and Pool 2 Stake still has days left then Pool 2 will be suspended until Pool 1 is reStaked.
All Stakes are made using WESAbundance Tokens and are normally for a duration of 30 days rewards; the exception is your First Stake Benefit which is explained below.
Rewards are paid each day you log in and need not be consecutive but most members log in daily to gain their benefits in the fastest possible time. However, if for any reason you do not log in or receive a reward your number of days remaining will not decrease and so you will always be able to receive the promised return on your stake.
The maximum Stake allowed by any new member is $100 value in WESAbundance Tokens; this is achieved by staking all 6 Pools and by doing that you will receive the title of Elite Member.
Secondary Staking in $100 units will be allowed for Power of One qualified members in the near future.
The minimum Stake is $2 value in WESAbundance Tokens for Pool 1.
Staking is NOT required to receive rewards and benefits in We Share Abundance but it will greatly enhance your minimum income and income potential.
Staking a Pool will return you a basic 50% profit on the amount Staked over the contract period of 30 active days (active being a day in which you logged into your account and received the reward for that day).
Pool 1 has a Stake Value of $2 WESAbundance Tokens and rewards you 10 cents each day you log in for 30 days making a total of $3.00 which includes your return of stake and a 50% profit.
Pool 2 has a Stake Value of $3 WESAbundance Tokens and rewards you 15 cents each day you log in for 30 days making a total of $4.50 which includes your return of stake and a 50% profit.
Pool 3 has a Stake Value of $5 WESAbundance Tokens and rewards you 25 cents each day you log in for 30 days making a total of $7.50 which includes your return of stake and a 50% profit.
Pool 4 has a Stake Value of $10 WESAbundance Tokens and rewards you 50 cents each day you log in for 30 days making a total of $15.00 which includes your return of stake and a 50% profit.
Pool 5 has a Stake Value of $20 WESAbundance Tokens and rewards you $1.00 each day you log in for 30 days making a total of $30.00 which includes your return of stake and a 50% profit.
Pool 6 has a Stake Value of $60 WESAbundance Tokens and rewards you $3.00 each day you log in for 30 days making a total of $90.00 which includes your return of stake and a 50% profit.
First Stake Benefit
The first time a member Stakes a Pool he is given a preferential reward plan that ensures he can earn rewards of a minimum 150% of the total value of his Stakes by the end of the current month as follows….
First Stakes can only be placed on one day of the month
First Stakes can be for just one Pool or for the maximum of 6 Pools or any number in between as chosen
First Stakes can only happen once per member
First Stakes have variable lengths depending on the day the Stake is made. The maximum number of days will be 30 and the minimum number of days is one. This is calculated based on the number of days remaining in the month when the Stake is made.
Examples:
Stake on 1st day of a 31 day month and the length of the Stake will be 30 days as there are 30 days left in the month and the rewards will be150% of the total Stake value/30 per day. Stake $100 WESA; 30 days at $5 = $150 total rewards by the end of the month.
Stake on 1st day of a 30 day month and the length of the Stake will be 29 days as there are 29 days left in the month and the rewards will be
150% of the total Stake value/29 per day. Stake $100 WESAbundance; 29 days at $5.1724 = $150 total rewards by the end of the month.
Stake on 1st day of a 28 day month and the length of the Stake will be 27 days as there are 27 days left in the month and the rewards will be
150% of the total Stake value/27 per day. Stake $100 WESAbundance; 27 days at $5.5556 = $150 total rewards by the end of the month.
If at the time of Staking there were only 15 days the rewards will be 150% of the total Stake value/15. Stake $100 WESAbundance for ($150/15) $10 a day rewards; 15 days at $10 = $150 total rewards by the end of the month.
If at the time of Staking there were only 10 days the rewards will be 150% of the total Stake value/10 per day. Stake $100 WESAbundance for ($150/10) $15 a day rewards; 10 days at $15 = $150 total rewards by the end of the month.
You can see that the rewards increase as the available days decrease always ensuring a 150% return on the value of the Stake provided the member logs in each day and reads any messages in his inbox.
First Stakes mean that no matter when a member places a Stake he will always be able to earn rewards of 150% the total value Staked by the end of the month (whether there are 30 days remaining or just one day remaining) and so have that value transferred to his WESAbundance Wallet enabling him to reStake at the same level while retaining a minimum 50% profit.
Until a first Stake has expired no additional Stakes can be placed and so it is wise to stake all your desired Pools at the same time on the same day. If a member takes advantage of the Action Takers cash back reward and Stakes all Pools within 48 hours of email verification then a $100 Stake is just $75 net and will provide $150 by the end of the month for a 100% profit. However, we never recommend borrowing money to make Stakes or using money that should be set aside for essential bills etc.
How To Stake in We Share Abundance
There are 2 main options available…
To start and use the income rewards you receive to Stake Pools. This is an option for those who either do not have even $2 to Stake Pool 1 or lack the confidence in our community to risk even $2. To work your way to Elite membership by using only rewards given to you will take a maximum of 13 months if all income is used for Staking purposes. To receive sufficient to Stake Pool 1 can be achieved in your first day with $2 in rewards just for setting up your account; however, the funds will not be available to use until the 1st of the following month when they are converted to WESAbundance Tokens and subject to having read any messages received as explained here Examples: Join 2nd January and have funds available 1st February; join 31st. January and have funds available 1st February.
Buy WESAbundance Tokens and receive much bigger rewards from day one. There are 2 ways of doing this…
This method you buy a Crypto Currency such as Bitcoin (recommended as the easiest to buy and sell) and when Staking your selected Pools simply select the pay using the CoinPayments option when checking out from the cart.
This is the best and fastest way for new members, especially if not comfortable with or experienced in trading Crypto on the Waves Exchange. There are several ways to obtain Bitcoins listed below.
Trade pretty much any Crypto Currency for WESA on the Waves Exchange and then deposit the WESAbundance Tokens to your WESAbundance Wallet in We Share Abundance and select the pay with WESAbundance option when checking out.
This is a great option for those who are experienced in Crypto or have a very helpful sponsor to guide them. (It may take a little longer than using CoinPayments as deposits are manually verified)
How and Where To Buy Crypto Currency.
I just found the best way to buy Crypto directly to our Wallet in less than 15m,
with debit card / credit card / neteller :
No complex exchanger needed like Binance/Bitrex/Coinmama…
No complex KYC verification
Buy BTC and send direct to your Waves Wallet to trade for WESA
We can even buy just $10 of various cryptos