August 19, 2023 | Stakingai

ASENIX’s Initiatives and ENIX Staking for Sustainable Rewards

Introduction

The problem faced by the oceans is plastic pollution, which has become a major threat to marine ecosystems and wildlife. A significant amount of plastic, approximately 80% of all plastic ever produced, ends up in landfills or the natural environment, eventually making its way into rivers, streams, and seas. This accumulation of plastic in the oceans has led to the formation of large garbage patches, such as the Great Pacific Garbage Patch, which is estimated to be three times the size of France. The devastating impact of plastic pollution is evident through heartbreaking photos of animals entangled in plastic debris.

One of the most challenging aspects of ocean contamination to detect is microplastics. Plastic does not biodegrade but instead breaks down into smaller particles, resulting in microplastics. These tiny plastic particles, measuring less than 5mm, constitute a significant portion of the hundreds of millions of tons of plastic debris in our seas.

The effects of marine pollution extend beyond aquatic life, as humans ingest some of these contaminated sea creatures, posing potential risks to human health.

Role of ASENIX

ASENIX recognizes the urgency of addressing plastic pollution and emphasizes that the ultimate solution lies in reducing plastic pollution at its source. They propose several solutions to tackle the problem:

  • Public Awareness Campaigns: ASENIX organizes advocacy campaigns aimed at raising public awareness about ocean issues. These campaigns use intellectual discussion, well-researched data, and the power of the internet and social media to convey the importance of ocean preservation to regional, national, and global government authorities.
  • ASENIX Oceanblue Campaign - #TAKEACTION: This campaign encourages people worldwide to participate in cleanups of beaches, rivers, and inland areas to improve the quality of the oceans and ecosystems. Participants are urged to share their cleanup efforts on Twitter, using hashtags such as #ASENIX, #Oceanblue, #cleanup, and #takeaction. ASENIX compiles these efforts to showcase collective action.
  • Funding Research for Ocean Preservation: ASENIX aims to maximize financial resources for scientific research dedicated to combating ocean pollution and degradation. ENIX Labs, a platform within the ASENIX Ecosystem, supports and invests in teams committed to developing innovative, long-term solutions for ocean pollution.
  • ASENIX Water Refill Map App: To reduce the use of single-use plastic bottles, ASENIX has created a free drinking water map app with over 11,500 refill locations. This app encourages individuals to reuse and refill their bottles, thereby reducing the consumption of single-use plastic bottles, a significant contributor to plastic pollution.
  • ASENIX Reusable Refill Water Bottles: ASENIX takes another step in promoting bottle reuse and discouraging single-use plastic bottles by producing customizable refill water bottles. These bottles are available for purchase on the official ASENIX website, and proceeds from their sales contribute to combating plastic pollution.

ENIX Staking

Staking is a process where holders of a specific cryptocurrency, in this case, ENIX tokens, lock their tokens in a staking pool for a predetermined period. By staking their tokens, participants contribute to the security and operation of the network while earning rewards in return. The staking pool you mentioned offers a high Annual Percentage Yield (APY), which represents the potential annual return on the staked tokens.

In this staking pool, users have the option to stake their ENIX tokens for periods ranging from 3 to 12 months. The longer the staking period, the higher the potential rewards. By participating in the staking pool, users can earn additional ENIX tokens as a reward for supporting the network.

LP Staking

LP staking, also known as Liquidity Provider staking, is a unique feature that combines staking with providing liquidity on decentralized exchanges. To participate in LP staking, users need to pair their ENIX tokens with other cryptocurrencies like USDT, BNB, or BUSD. This process involves adding liquidity to trading pairs on decentralized exchanges, which helps facilitate smooth trading operations.

Once users have paired their ENIX tokens with one of the supported cryptocurrencies, they receive LP tokens in return. These LP tokens represent the user's contribution to the liquidity pool. LP tokens can then be staked in the LP staking pool.

By staking LP tokens, users can earn significant rewards, with the average APY being over 120% in this LP staking pool. The higher APY is attributed to the additional benefits of participating in liquidity provision activities.


To stake your ENIX tokens, follow these steps

Step 1: Choose a Wallet
Ensure you have a compatible wallet that supports the ENIX token. You can use wallets like Metamask or Trust Wallet.

Step 2: Acquire ENIX Tokens
If you don't already have ENIX tokens, purchase them from MEXC and transfer them to your wallet.

Step 3: Access the Staking Dapp
Go to staking to access the staking platform.

Step 4: Connect Your Wallet
Connect your compatible wallet to the staking platform and click on the "approve" button.

Step 5: Choose Staking Options
Once your wallet is connected, you'll see different staking options on the platform. These options will include various staking periods and reward rates. Choose the option that suits your preferences and risk tolerance.

Step 6: Stake Your Tokens
Enter the amount of ENIX tokens you want to stake and confirm the transaction. This action will lock up your tokens for the selected staking period. If you want to double your stake, you can also click on the "compound" button.

Step 7: Monitor and Claim Rewards
Keep an eye on your staked tokens and the rewards you earn. The staking platform's dashboard will provide real-time information. When you want to claim your rewards, click on the "harvest" button.

Step 8: Unstake (Withdraw) Your Tokens
Once the staking period is over, you can choose to unstake your tokens. Follow the instructions on the staking platform to withdraw your tokens.

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