Staking allows you to use your existing crypto to generate passive income without actually selling any of your coins. Different cryptocurrencies offer different rates of return per year on the number of coins you stake ( which is Annual Percentage Yield or APY). The staking reward you get is usually in the form of the currency you staked (e.g., if you stake Cardano, you will get a specific amount of Cardano as a reward from staking).
This application allows you to calculate how many coins you need to stake to retire and live off on your staking reward.
Features:
Learn: we briefly explained the terms often used in crypto space for people new to crypto.
Calculate reward: you can calculate how many coins you need to stake to achieve your yearly income goal solely from the rewards. This application will then automatically calculate the approximate investment required in a specific cryptocurrency with precise calculation details.
Since cryptocurrency prices are constantly fluctuating, we have also provided approximate calculations with more realistic price variations in case the prices go up or down.
Calculate budget: Our budget calculator is specifically designed for your pocket, something you might want to use daily. In this calculator, you can change multiple variables to fit your budget. For example, you can calculate how many Cardano you can get in 200 dollars or check how many dollars are required to buy 200 Cardano. And to make things even better, you can also check how much money you need to invest in Cardano to earn a 200 dollar reward per year.
Support: Do not forget to support our developers with your coin of choice.
This app will put your spending habits into perspective, no matter if you are a newcomer in the crypto space or a crypto aficionado.
Disclaimer: This application is for educational purposes only. I am not a financial advisor, and nothing mentioned in this app is financial advice. Investing in cryptocurrencies has its risks and can pose financial losses. Similarly, the calculations in this app are not 100% accurate either. You are entitled to your own financial decisions. Your discretion is highly advised.
Currently, all the calculations are done in USD; we are planning to support more currencies in the future. Please note that not all cryptocurrencies allow staking, and in this application, we do not have all the currencies that allow staking either.
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