There are two main benefits
1. You gain more money doing so.
This is because asides from getting the obvious 4% extra coins per year as a reward, you also essentially reduce the supply on the market therefore a high demand will increase the price of NLC2.
Take note that current circulating supply is generally quite low as of the moment at 203,347,063 units. This is low compared to the other coins out there which have billions and billions of supply. The lesser the circulating supply usually the more valuable something is.
Another consideration is that when you are staking you also become a node on the network. The more nodes on the network the higher the coin value. Being an additional node to the network also has another benefit and that is...
2. You improve network security
The more nodes also improve network security, impenetrability. The more nodes in a network the stronger it becomes.
Overall you would be making more money and helping the NLC2 community as well. Here's how to do it...
Video Tutorial Added courtesy of the NLC team:
All rights in this video belong to the No Limit Coin team. Happy Staking!
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