How you increase your WAX Staking Rewards? Do I Change Proxy Vote???

Hey All,

The Worldwide Asset Exchange, is also known as WAX that has emerged as a popular blockchain for non-fungible tokens (NFTs). A bit more on the WAX blockchain it is also known as "King of NFTs.” and is a blockchain specifically made for trading virtual items which are rare, master pieces and at the same time are collectible items. WAX is a purpose-built blockchain and its protocol token designed to make e-commerce transactions faster, easier, and safer. We even do have many of our HIVE Blockchain associated NFTs listed out there on Atomic Hub Market place and one of the famous one is the @Splinterlands collectables can be traded there as well.

My #WAX Staking Rewards...

As seen from above image, I have close to 10.5K+ #WAXP tokens staked and the current APR is above 8%. The WAX Staking Rewards serves as the voting and rewards mechanism crafted to enhance community engagement in choosing guilds and endorsing blockchain improvement suggestions. And for that reason it is imperative that you keep an eye Proxy voting & Vote Strength

Proxy voting: You can designate a proxy, who will then vote on your behalf using your staked WAX, which earns you WAX Staking Rewards. If your proxy does not vote, it does not affect your vote strength; however, you will need to keep your proxied vote updated to retain full vote strength similar to guild voting.

At the moment my Vote Strength is 89% and the designated proxy will vote on my behalf using my staked #WAX tokens and as a result one earn WAX Staking rewards. Now what if the Vote Strength to less than 100% - this directly impacts your staking rewards. Therefore what you need is change your proxy vote so that you again regain that 100% vote strength. Once need to keep an eye on the vote strength consistently. Diminishing vote strength isn't good. So the answer is visit your #WAX wallet consistently once in a while and right away select different proxy from the drop down menu and you are all done to receive staking rewards to the maximum.. that's' all it for todays blog and I hope this was helpful and if you have #WAX staked then you just cannot forget about it - you definitely need to have a look at your proxy vote once in a while.... cheers

Have Your Say on WAX Blockchain #WAXP token...

Did you invest in #WAXP token? HODL Vs Sell? If Yes, what do you think about the project and its near future? Would love to hear your views/thoughts on on WAX Blockchain #WAXP token...

#waxp #wax #nfts #staking #rewards #nftcollection #hodl #crypto #blockchain

How you increase your WAX Staking Rewards? Do I Change Proxy Vote???

Image Credits:: coingecko, mycloudwallet, securities

Best Regards

PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain & Cryptos and have been investing in many emerging projects..cheers