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Trust Wallet Cryptocurrency Staking Rewards Update | Does it work? - YouTube
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Hello and welcome, I am
Matt Taylor, and this is
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my variety channel.
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Today I have a short little
cryptocurrency video for you.
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I'm going to do an update video
to the one that I showed you
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how to stake crypto,
specifically BNB in
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the trust wallet.
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So it's been about six weeks,
seven weeks since I
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did that video.
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And so I just
want to show the results.
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Some people are saying that
they didn't believe that it
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worked because they didn't
see any crypto.
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Well, you have to stake quite a
bit of crypto BNB or
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whatever for it to
actually be noticeable amount,
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especially if you already have
some in your balance.
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So I'm going to show you what
it looks like over on mine.
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And so here we go.
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We are here on mine.
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Here's my trust wallet.
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And if I click here, I'm being
BNB is what
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I am staking.
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And I staked it May 26 of
twenty twenty one and I state
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three point one zero six,
BNB, and then right here
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you see state three
point one two six BNB.
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And so that was the complete
amount that I had in
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my wallet.
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And so the available BNB
was at zero at that time.
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And now this amount right here
under the available zero point
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zero five eight seven BNB,
that is the amount that I have
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earned while stating when
you stake, whenever it
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earns rewards, it's going to go
into your available amount.
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It's not going to
go into your state portion.
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All right.
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And so if we look over here,
if we click on state again,
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you see the available at
the top, the amount states
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right below that.
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And if you look down at
the bottom, that is what I'm
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using right now.
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And it's currently at twenty
four point four, nine percent.
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Originally it was it
was lower.
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So for the longest time
it was around 12 percent.
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And so let's do a little math
will take three point one,
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B and B, and now we were going
to times that by the percentage
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I was getting, which was about
twelve for the longest time.
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And that is point three, seven BNB, that is how much
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I would earn in a
total year in a whole year.
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OK, now if I divide that by
fifty two, that gives me how
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much I would make per week
times that by the seven weeks
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that I've been staking
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and it's roughly what I have in
my balance point zero five.
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So that tells me that this
figure is correct and it has
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been staking appropriately and
now it jumped up down here
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at the state.
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To me, the active one, it is
jumped up to twenty four
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percent so that if it stays
that way for a while, then that
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number will almost double.
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If it stays at twenty four
percent for six more weeks,
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then I would have roughly zero
point one six BNB in
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my account.
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So just keep that in mind when
you are staking, just because
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you don't see some amount after
a week or two, it doesn't mean
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it's not working.
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It's probably because you have
such a minimal amount at stake
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and it's just hard to notice
that the balance is going up.
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So keep that in mind.
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Also, keep in mind that the new
state rewards the rewards that
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you earn are going to show up
in your available balance,
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not in your state balance.
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So just keep that in mind.
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This is just a follow up video
to that previous video as proof
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that it is working.
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It does work.
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At least it's working for me.
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And there you go.
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I hope you enjoyed this video.
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Give this video a thumbs up.
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If you found value in it,
make sure to subscribe
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to my channel.
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Hit that notification bell so
you don't miss any of my new
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videos until next time.
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Happy trading, happy stinking,
happy investing crypto.
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Everyone take care.
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