LINK, the ERC-20 token from the decentralized oracle network Chainlink is now available on YouHodler Savings Accounts. Users can now earn 4.5% on their LINK deposits featuring monthly payouts. In addition, LINK HODLers can further maximize their savings using the suite of additional YouHodler tools like MultiHODL, crypto loans sand Turbocharge.
LINK has had a great 2020 so far, reaching its all-time high of $5 at one point. However, much like the rest of the crypto market, LINK is subject to volatility in both directions. Now, the promising token sits in the top twenty according to CoinMarketCap. LINK savings account on YouHodler is a great way to HODL this token with great potential while simultaneously earning passive income on it every month.
To earn LINK on YouHodler, just follow these three simple steps:
Step 1: Deposit LINK or fiat
After signing up and verifying your ID, deposit LINK to your personal LINK savings account. If you do not have LINK yet, you can deposit USD, EUR, CHF or GBP to the platform and use that to buy LINK as well.
Step 2: Earn crypto interest
Once LINK enters the savings account, the first monthly payment period initiates.
Step 3: Watch your LINK grow
Monitor your LINK’s growth on a daily basis by checking the "Earned" counter. At the end of each month, the earned amount will be deposited into your Savings Account.
For those that want to activate their passive LINK holdings into something potentially profitable, then start to explore MultiHODL. This feature allows you to multiply your LINK up to x6.51 depending on which risk/profit level you choose. In addition, there are “up” and “down” buttons allowing you to multiply your LINK depending on which direction the market is currently trending.
Each movement is an opportunity to profit. Hence, there is far more opportunity with “active” LINK than “passive” LINK. Fortunately, on YouHodler, we have the tools for you to do both to ensure a well balanced and healthy portfolio.