![Rapids](https://miro.medium.com/max/1280/1*NRXCgpg_LbVtl-i3fNw3Pg.jpeg)

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Hello to all you cryptocurrencies lovers, novices and experts.

Let me introduce you to this **Ultimate Guide for Staking Rapids ($RPD)**.

I'll explain:

* ***What is Staking?***
* ***What are the benefits?***
* ***How and where to Stake your Rapids (RPD)?***
* ***How to get your first Rapids (RPD)?***

## 

## Do you know what staking is and why everyone is interested in it?

**Staking**, roughly speaking is a **financial practice** which consists of **holding some** [**Rapids (RPD)**](https://www.coingecko.com/en/coins/rapids) coins for a certain period of time, allowing you **to generate a constant passive income** (Which we can also name '***Crypto-dividends***' or '***Interests***'). While knowing that your [**Rapids (RPD)**](https://www.coingecko.com/en/coins/rapids) are not permanently locked in and you can access them and the generated interest at any time.

**Staking**, technically speaking is a **method of validating blocks and and allow for faster transactions on the blockchain**, it also allows you to **support and participate in the proper functioning of the blockchain**. The process is called ***Proof-of-Stake (PoS)***.

The purpose of this **PoS Consensus Protocol** is :

* ***To significantly reduce the energy costs associated with the maintenance of the Blockchain***
* ***Offering more Security***
* ***Provide Enhanced Scalability*** *(i.e. the system continues to operate normally as the number of users increases)*

**Staking became very popular in the second half of 2019** and is currently the best alternative to trading and **generating a sustainable passive income**. According to specialists, this form of investment will be the real trend of 2020.

Why should you let your [**Rapids (RPD)**](https://www.coingecko.com/en/coins/rapids) just sit in a wallet when you can **let them sit in a staking wallet and receive rewards**?

## 

## What are the benefits?

***The most important advantage and benefit for whoever has already started staking or in the process of thinking about staking your Rapids (RPD) is of course for financial gain***.

Although the process of staking is slightly complicated, Rapids has provided several different methods to simplify everything for the end user.

**You deposit your Rapids (RPD) and let the system do the work.**

But before embarking on this **financial practice** you will still need to do a little research, which is as follows:

* ***Which platform allows Staking?***
* ***Which platform accepts Rapids (RPD)?***
* ***What is the ROI (Return on Investment) of this cryptocurrency announced by the platform?***
* ***What is the cost of the platform?***
* ***Does this platform offer compound interest or not?***
* ***What kind of security do the different platforms offer.***

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First of all, let's come back to the term '**Compound Interest**'. While banks today drastically reduce the '**Standard Interest**' on investments, it's very interesting to look at Compound Interest, which is more applicable with Cryptocurrencies.

**The difference between 'simple' and 'compound' interest.**

***Simple interest*** *does* ***not allow the reinvestment of the earned interest*** *. However,* ***compound interest*** ***reinvests the earned interest*** *but in general it's only done once a month, whereas for cryptocurrencies it is done daily*.

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For example, we will use a fiat currency system.

**1st case** → On January 1st 2020 **I invest $10,000 at 10% a year** (**Simple interest** rate) for **5 years** and I do not touch the money.

* ***January 1st 2021*** *- I should earn* ***$1000***
* ***January 1st 2022*** *- I should earn* ***$1000***
* *And the* ***next three years $1000*** *a year.*

At the end of the **5 years, my $10,000 invested, on a simple interest basis, will bring me $5,000 or 50% profit**.

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**2nd case** → On January 1st 2020 **I invest $10,000 at 10% yearly** (**Compound interest** rate) for **5 years** and I do not touch it the money.

* ***January 1st 2021*** *- I should earn* ***$1000***
* ***January 1st 2022*** *- I should earn* ***$1100***
* ***January 1st 2023*** *- I should earn* ***$1210***
* ***January 1st 2024*** *- I should earn* ***$1331***
* ***January 1st 2025*** *- I should earn* ***$1464***

At the end of the **5 years, my $10,000, invested** on a compound interest basis is therefore **earning me $6105 or 61.05% profit**, which shows that reinvesting the interest is much more profitable than not investing it.

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It's still better to invest with compound interest don't you think?

As Albert Einstein himself said "***Compound interest is the 8th wonder of the world. He who understands it….earns it. He who does not understand it….pays it***".

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![Rapids](https://miro.medium.com/max/1280/1*wM8siJcQAps0SN_8_r76TQ.jpeg)

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Now let's apply that to the cryptocurrency we're interested in, **Rapids (RPD)**.

You wish to make a first deposit of **1 Million RPD** (currently $32.85), at a **yearly rate of 35.54%** (knowing that this rate can vary slightly). To facilitate this calculation, we will divide this rate by 365 (number of days in the year), we thus arrive at **0.097% of daily profit**.

This is what happens in a month:

* ***Day 1 → 1,000,000 RPD +0.097% = 1,000,970 RPD***
* ***2nd day → 1,000,970 + 0.097% = 1,001,940.94***
* ***3rd day → 1,001,940.94 + 0.097% = 1,002,912.82***
* ***………………….***
* ***30th day → 1,028,515.35 + 0.097% = 1,029,513.01***

So in **one month** of compound interest **you will earn 29,513.01 RPD** without doing anything.

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If you wanted to **stake your Rapids (RPD) for 5 years** how much do you think you will earn?

Based on the **same data, 1 Million RPD as initial investment at a yearly rate of 35.54%**, and let the compound interest work for 5 years (1825 days + 1 day because there will be a leap year) you would have the following:

**5,385,678.56 RPD** ( the calculation gave me a total of 4,872,976.18. From this amount I arbitrarily deduct 10% which corresponds more or less to the fees of the platforms and I add the basic initial investment)

We arrive at an **x5.3 on the initial investment** for just being patient! Isn't life beautiful?

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And just for fun, after **10 years** (3650 + 2 Days), how much do you think you will receive?

(***Still using the same numbers and deducting fees***) **30,142,663.97 RPD**

Conclusion…... **10 years of Staking Rapids (RPD)** will make you **gain 30 times the initial investment!**

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These numbers may make you dream, even make your head spin or you find it hard to believe? Well you're not dreaming! ***This is what compound interest is*** (Can you imagine doing this with Dollars?).

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Use this [**online calculator**](https://cryptocoingrowth.com/calculator/) to make your **own simulations**.

It's up to you to **choose the platform that will be most profitable for you**.

## 

## But where can I Stake my Rapids (RPD)?

Here to help you is a list of some Staking Platforms, applying compound interest

* [***4Stake***](https://www.4stake.com/)
* [***StakeCube***](https://stakecube.net/)
* [***MyCointainer***](https://www.mycointainer.com/?partner=x8nxdVXGRPurgr3G13qK)
* [***Evonodes***](https://evonodes.com/)



For **Staking platforms**, this just requires a **registration** on the website. **Filling in the requested information** and then go to its '***Dashboard***', '***Profile***', or '***My Account***' section and search for '***Rapids (RPD)***', the ***address is in the form 'R\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*'***.

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## 

## And finally, How to acquire your first Rapids (RPD)

There are **several ways to get your first Rapids (RPD)**, the first being to buy them. If you have some Bitcoin or Ethereum you can easily exchange them for RPD on these exchange platforms:

* [**Boa Exchange**](https://boaexchange.com/register?ref=5d8f20fc96014c070e1b9a0c) with the pairs: [**RPD – BTC/ETH**](https://boaexchange.com/register?ref=5d8f20fc96014c070e1b9a0c)
* [**Birake**](https://trade.birake.com/market/BIRAKE.RPD_BIRAKE.BTC) with the pairs: [**RPD – BTC**](https://trade.birake.com/market/BIRAKE.RPD_BIRAKE.BTC)
* [**Block DX**](https://blocknet.co/rapids/block-dx/) with the pairs: [**RPD – BTC/BLOCK/LTC/ETC**](https://blocknet.co/rapids/block-dx/)
* [**Crex24**](https://crex24.com/?refid=osotau2cq4wvdaihk82d) with the pairs: [**RPD – BTC**](https://crex24.com/exchange/RPD-BTC)
* [**Cryptofuse.online**](https://dex.cryptofuse.online/market/BIRAKE.RPD_BIRAKE.BTC) with the pairs: [**RPD – BTC**](https://dex.cryptofuse.online/market/BIRAKE.RPD_BIRAKE.BTC)
* [**Graviex**](https://graviex.net/markets/rpdbtc) with the pairs: [**RPD – BTC**](https://graviex.net/markets/rpdbtc)
* [**SWFT Blockchain**](https://www.swft.pro/#/home) with the pairs: [**RPD – BTC/ETH/LTC/ETC**](https://www.swft.pro/#/home)
* [**Snode.co**](https://exchange.snode.co/market/BIRAKE.RPD_BIRAKE.BTC) with the pairs: [**RPD – BTC**](https://exchange.snode.co/market/BIRAKE.RPD_BIRAKE.BTC)
* [**TokenHouse**](https://tokenhouse.io/market/BIRAKE.RPD_BIRAKE.BTC) with the pairs: [**RPD – BTC**](https://tokenhouse.io/market/BIRAKE.RPD_BIRAKE.BTC)
* [**Zer Dex**](https://trade.zer-dex.market/market/BIRAKE.RPD_BIRAKE.BTC) with the pairs: [**RPD – BTC**](https://trade.zer-dex.market/market/BIRAKE.RPD_BIRAKE.BTC)
* [**P2PB2B**](https://p2pb2b.io/trade/RPD_BTC) with the pairs: [**RPD – BTC**](https://p2pb2b.io/trade/RPD_BTC)**/**[**ETH**](https://p2pb2b.io/trade/RPD_ETH)**/**[**USD**](https://p2pb2b.io/trade/RPD_USD)

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You could also join our community on [**Telegram**](https://t.me/RapidsOfficial) and [**Discord**](https://discord.gg/VHT5Yu) but for the moment I'm only going to talk about Telegram.

***Being active in the community allows you to win some Rapids (RPD), you can support us in anyway you want***.

**Talk about Rapids Network on Social Networks**, **write articles,** **make short instructional videos**, **participate in activities and games proposed by the community**. You could also help us by **filling in the small tasks that we submit regularly**, it's thanks to all these small actions that **the community will continue to grow** and always provide you with the best of Rapids

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[**Telegram**](https://t.me/RapidsOfficial) is a **chat application for Mobile**, but **also for computer**, you can download it on your store ([**Google Play Store**](https://telegram.org/dl/android), [**iOS**](https://telegram.org/dl/ios), [**Windows**](https://www.microsoft.com/en-us/p/telegram-messenger/9wzdncrdzhs0?activetab=pivot:overviewtab)), for Computer ([**PC/MAC/LINUX**](https://desktop.telegram.org/) and [**macOS**](https://macos.telegram.org/)), there is [**also a version for Browser**](https://web.telegram.org/).

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Once downloaded, you need to **register with a phone number and a password** (keep your password in a safe place).

* Once registered, go to "**Settings**", "**Edit profile**", add your **first name or a nickname** and on "**Username**" you must indicate a Username with at least 5 characters which can be the same as your nickname (if it is not already used by another person on Telegram).
* Click on "SAVE" and you will see your **Username in the form @\*\*\*\*\***
* Take the opportunity to **add an image or a photo by clicking on "SET PHOTO PROFILE"**.
* ***These two steps: Username and Photo Profile are important***.
* You can click on the cross at the top right, and all your information will be saved automatically.

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You will then be able to join our Channels:

* The first to join is **Rapids Official**: [**https://t.me/RapidsOfficial**](https://t.me/RapidsOfficial) (The main channel, where all the information is available).
* Then **Rapids ($RPD) Tipbot**: [**https://t.me/rpdtipbot**](https://t.me/rpdtipbot) (here you can interact with the whole community and have some fun)
* Also join the Channel **Rapids Community Group**: [**https://t.me/EarnRPD**](https://t.me/EarnRPD) (This is where we post all small tasks to be done by the community).
* As well as **Rapids Announcements**: [**https://t.me/RapidsNews**](https://t.me/RapidsNews)
* And the 5th Channel not to be forgotten is **TeamRPD**: [**https://t.me/TeamRPD**](https://t.me/TeamRPD) (Our gamer community).

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* To **add your RPD address to the Tipbot and receive RPD** (in the way of rains and tips) Go to the "Search" tab and write u/rapids_tipbot and click on "**Rapids Tipbot**".
* Click on "**/start**"
* Go and **get your RPD address 'R\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*' on the Staking platform** you have chosen.
* Then write **/myaddress R\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\***
* Press "**Enter**"

**Your RPD address will be automatically registered** and you will be **able to start receiving Rapids (RPD)** via **Tipbot** directly on this address. To check your balance just go to u/rapids_tipbot and write **/bal**

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***You're finally ready to enjoy great adventures with us and all the Rapids communities, whilst taking full advantage of Staking of your Rapids (RPD)***

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Thank you all for your support

**See You Soon**.

[**Rapids Network**](https://www.rapidsnetwork.io/)

Join us on [**Telegram**](https://t.me/RapidsOfficial) \- [**Twitter**](https://twitter.com/RapidsRPD) \- [**Facebook**](https://www.facebook.com/RapidsNetwork) **-** [**MeWe**](https://mewe.com/p/rapidsnetwork) **-** [**Instagram**](https://www.instagram.com/rapidsrpd/)

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**Resources**

1. [https://www.rapidsnetwork.io](https://www.rapidsnetwork.io/)
2. [https://t.me/RapidsOfficial](https://t.me/RapidsOfficial)
3. [https://t.me/rpdtipbot](https://t.me/rpdtipbot)
4. [https://t.me/EarnRPD](https://t.me/EarnRPD)
5. [https://twitter.com/RapidsRPD](https://twitter.com/RapidsRPD)
6. [https://www.facebook.com/RapidsNetwork](https://www.facebook.com/RapidsNetwork)
7. [https://mewe.com/p/rapidsnetwork](https://mewe.com/p/rapidsnetwork)
8. [https://cryptocoingrowth.com/calculator/](https://cryptocoingrowth.com/calculator/)