How profitable is BCO staking?

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·@cryptohappenings·
0.000 HBD
How profitable is BCO staking?
If you want to know what BCO staking and cryptobridge are check out my last post: https://steemit.com/cryptocurrency/@cryptohappenings/what-is-cryptobridge-and-how-to-gain-a-passive-income-from-it



![](https://steemitimages.com/DQmWBozym1Xgr9MwiB9xtgPEZhSCfThnhhz6gdQTnA2kxB3/image.png)

The general idea with BCO is you gain a fraction of the trading fees from the platform through staking BCO coins. The more volume the more money you make. Similarly the greater period you stake your coins for the more you make, with the maximum period being 12 months with a 100% bonus to coins received.

To work out actual profit is a bit involved, luckily I will explain how to and there is a nifty calculator online [here](https://www.bcostaking.com/) as well. --The page will try to use your PC to mine cryptocurrency as a warning.--

So after you get some BCO and stake them your rewards depend on whats traded, the proportion of your BCO compared to all BCO staked and staking period. Volumes on cryptobridge vary massively. I will use a fairly conservative estimate of $2 million daily. I will do calculations for 100 BCO in staking for 1 month and 100 BCO for 12 months. If you have 15 BCO in for 6 months then you would times the one month value by 0.15 to represent 15 and 1.5 to account for the bonus for a long period staking, see the image below.

![](https://steemitimages.com/DQmWUk63eXjytgK4u9ZrsTKQG6Hbx2ca6Fr1AXcdzs1Gw6E/image.png)

So your total stake is 100/18000000 (100 BCO out of 18 million currently staking). Also 0.0015 is the fee that goes to the stakers.

Your profit per day is (100/18000000) x $2000000 x 0.0015 = $0.01667 or $6.08 per year.

If you had the same amount in for a year profit = (100/18000000) x $2000000 x 0.0015 x 2 = $0.0333 or $12.17 per year. This doubles due to the staking bonus for 12 months.

Profit depends on what you brought BCO for, it is currently at $2.36 so that makes it a $236 dollar investment. If I round that up to $240 to account for fees you get 2.53% APR for staking 1 month periods or 5.07% for annual periods.

Here I have used conservative figures. I personally believe, in terms of crypto anyway, this is not the best returns. However, BCO may increase or decrease in value affecting you returns. Similarly, so could volumes. I believe volumes on the exchange could increase significantly in the coming years along with demand for BCO so this is why I invested. If your thinking of investing don't take my advice, do your own research.

Disclosure:
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I am not affiliated with Cryptobridge and I do not receive any sort of referral commission. I do however stake BCO and this means more activity on the exchange would increase my earnings.
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