The pros and cons of cryptocurrency betting

As a suitable option for long-term cryptocurrency holders, betting pools offer a promise of profit in addition to the capital gains gained by increasing the value of the token.

One can invest in a betting pool with a fraction of the number of tokens needed to become a PoS blockchain validator, while a betting pool rewards users on a daily, weekly or quarterly basis, depending on the cryptocurrency being bet. For example, investors can bet their ETH tokens in a Coinbase betting pool for daily rewards and without a minimum balance requirement.

Another popular blockchain for betting tokens is Cosmos, the second largest ecosystem in the blockchain. Investors can also bet their tokens through various validators in many chains available in the Cosmos ecosystem.

The choice of which betting pool to enter depends on a number of factors, including commissions, which are usually between 5% and 6%, and how they contribute to the ecosystem, such as creating code for the projects they validate. The annual percentage (APR) varies from chain to chain, with an APR of 15% for Cosmos Hub, 60% for Osmosis and 150% for Juno, which is significantly higher.

In addition to these factors, many betting pool operators offer unique value proposals that can make them attractive to potential stakeholders. A good example here is Cosmos Antimatter, a new beginner validator of the Cosmos ecosystem that promotes decentralization in the validation network. The main objective is to ensure that validation cartels are not formed, while giving 100% of its profits to the ecosystem of stakeholders.

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