MATIC farming on Polygon — Stake it and forget about it!

The Polygon Protocol advanced framework for building and connecting Ethereum-compatible networks is making the blockchain one of the most used solutions in the Cryptoverse. The aggregating scalable options and tools supporting the multi-chain Ethereum ecosystem makes the MATIC token gain value and momentum.

polygone (matic) logo on a purple background

My experience with Polygon started back in June 2020, when I bought a big bag of $MATIC and staked them at a good APY. I consider myself not lucky, but crypto savvy to have bought MATIC at 0.018 USD per token. I left them staked for months, as the gas fee was too high to even consider withdrawing.

The amount of tokens grew nicely, and the value went 75x in less then a year. I restaked my MATIC rewards in January 2021 and again in December 2021. The token value was much bigger back then, and I feel sorry I didn’t withdrew them back then.

polygone site, stacking section

I delegated the rewards back in the pool when the gwei was not that high, paying $9.12 for the transaction. Everything went back in and stayed there until an unfortunate investment on Pegaxy.

Did you know you can earn crypto through Honeygain now? Jumptask has

partnered with Honeygain to boost your passive income! You can earn more

than a 50% bonus through crypto! Check out here for the announcement and

join here to earn your $5!

The last staking update took place in 2022, when I claimed 212 MATIC from the Matic Foundation Node 7 and staked into The Abyss. At that point in time I had over 6000 tokens, which I later used for not so crypto-savvy investments. The crypto crash came and everything dropped so much in value that didn’t matter anymore.

The current value of 6000 MATIC is about $4,800 USD, and that amount is less then what I got when I cashed out. However, not even close to what it was when Matic reached the All-time High of 2.92 USD. Still think MATIC is a good investment at today’s price, and think I buy the dip.

more article

https://medium.com/@mister-right/the-ethereum-token-standard-what-are-erc-20-tokens-8b729d5e569f?source=user_profile---------20----------------------------

★Free apps to earn money without any capital!★

💲 Honeygain, a passive income app to earn money off your unused internet bandwidth. Get $5 for free, no investment required.

💲TraffMonetizer, a passive income app to earn money off your unused internet bandwidth. no investment required.

💲 Peer2Profit, a passive income app to earn money off your unused internet bandwidth. no investment required.

💲Sweatcoin, a passive income move-to-earn app to earn free crypto with no investment.

💲Brave, a fast, private and secure web browser to earn money off advertisement.

💲Publish0x, is a crypto-agnostic publishing platform to earn money by reading.

💲 RollerCoin, a passive income crypto game to earn money by playing mining crypto currencies.

💲Kryptex, a passive income cryptocurrency mining software and pays you bitcoins or real-world money, be it dollars or any other currency.

💲CryptoTab, Earn coins passively while surfing the web.

💲EarnApp, a passive income app to make big money, safely, by sharing the unused resources on your resting devices.

💲IPRoyal Pawns, A passive income app to earn money off your unused internet bandwidth. Get $1 for free, no investment required.

★Cryptocurrency Investment Platforms★

💲 Biswap, a decentralized exchange platform for swapping BEP-20 tokens on the BNB Chain network. Guarantees superior speed and much lower network transaction costs.

💲 CoinEx, an expansive cryptocurrency exchange, with interesting offerings like staking, trading and crypto swapping.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Mister Right

Mister Right

297 Followers

✅Web developper | 👍Trader&Investor |✅Freelancer | 👍Entrepreneur | ✅Content Writer | 👍Blogger