How to get started with Dogetoshi

Rocketplace crypto exchange lands $9m seed funding

Travelex currency services partner with Ripple

How Bitcoin is traded on the Bitex Bitcoin

Should I buy Dogecoin in 2022?

Monochrome to offer crypto spot ETFs in Australia

Crypto has funded $54M to Aid for Ukraine

Crypto scams are falling as victim investors exit 

Best wallets to store your Ethereum

Crypto.com news: The exchange gets UK approval

5 best farming games in the Metaverse

How to buy the monkey NFT- Bored Ape

Criticism of Justin Bieber NFT promotions

Revolut News: Bank approved to offer crypto in EEA

Cudos funding round secured over £10 million

The renowned NFT game: Fishing Town Token

Zipmex Gets 3-Month Creditor Protection

Reddit Crypto Exchange Partnership with FTX

Ben Armstrong, a crypto Youtuber, is facing legal scrutiny following allegations that he sent threatening messages to the lawyers leading a class action lawsuit against promoters of the [collapsed crypto exchange FTX](/news/article/is-crypto-dead). Armstrong, also known as "[BitBoy Crypto](/news/article/bitboy-crypto)," is among several FTX influencers facing a [$1B class-action lawsuit](https://cointelegraph.com/news/ftx-influencers-face-1-billion-class-action-lawsuit-over-alleged-crypto-fraud-promotion) for alleged [crypto fraud](/news/article/guo-wengui-accused-of-crypto-fraud) promotion.

The suit alleges that the influencers failed to disclose that they were paid to endorse FTX accounts to their substantial online following, which includes the BitBoy Crypto YouTube channel with 1.45 million subscribers.

## BitBoy crypto faces legal scrutiny over alleged threats

According to court documents [filed](https://www.courtlistener.com/docket/67017199/5/garrison-v-paffrath/) on 20 March, the lawyers heading the class action suit claim that Armstrong has been harassing one of the plaintiffs since the lawsuit was filed last week. They accuse him of making "endless phone calls, Tweets, and emails" to the plaintiff and posting "insulting and threatening posts" about him on social media.

Furthermore, in the court filing, the lawyers accused Armstrong of making 21 calls within 45 minutes from an unknown number to the lawyers' office and leaving a voicemail containing a warning that "First Amendment protesters" would surround the lawyer's house "24/7 day and night".

In another voicemail, he claimed that the "home addresses" of the "lawyers" were being circulated on Reddit.

The filing alleges that he also sent profanity-laced emails to Adam Moskowitz - one of the attorneys in the FTX class action suit - and a message warning him that he was "choosing war with an anonymous community while you yourself are not".

It also claims that BitBoy posted a YouTube [video](https://www.youtube.com/watch?v=dp1F5lJUBf4) on 16 March directed at lawyers and individuals who bought the lawsuit against him and warned them that he was "coming at them with full force".

In another alleged message to Moskowitz, Armstrong reportedly warned him that "these people are dangerous" and that they could result in "you and your family shot".

The filing also included an email that Armstrong allegedly sent to Moskowitz in which he referred to him as a "b*tch" and an "unbelievably dumb mother f*cker”.

![Picture 1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture_1_80ec6a5484.png)
  
## BitBoy Crypto's response to accusations

In a statement to Cointelegraph, BitBoy denied making calls, tweeting, or emailing the FTX class-action lawyers. Furthermore, in his video, he denied promoting [FTX](/news/article/ftx-funds-political-donations-to-be-recovered) and threatened Moskowitz with a countersuit.


red image of bitboy crypto youtuber holding his tweet about threatening lawyers

BitBoy Crypto Accused of Threatening Lawyers 

[Rocketpot](https://rocketpot.io/) is a licensed crypto casino that operates under the regulations of Curacao eGaming. It features a mobile and desktop-friendly platform for users to enjoy gambling activities.

The casino prioritizes the privacy and safety of its users. Players can use Bitcoin and other cryptocurrencies to play in the casino, ensuring safe and secure entertainment. Utilizing blockchain technology and Bitcoin, the casino provides advanced security methods and more opportunities for players to win jackpots and earn Bitcoin.

## Rocketpot - The online casino

Rocketpot casino is a leading provider of Bitcoin games, offering a vast selection of almost 3,000 slot games, more than 300 table games, and live casino games.

Players can win guaranteed prizes through a reward system as they explore the website and play more. On reaching level 500, players can even win more than 20 BTC and enjoy the best Bitcoin blackjack games, classic slots, and more.

With several slot games available, players can easily choose their favourites and start playing. The only main requirement for wagering is a cryptocurrency wallet followed by registration on the platform. 

The crypto casino offers several top-tier live dealer games, providing a unique and engaging gaming experience. With a commitment to dedicated customer support and accessible tools, RocketPot constantly updates its offerings to provide the best user experience. Players can even use different crypto coins to play their favourite games.

## User-friendly gaming experience 

Rocketpot casino provides a user-friendly interface, allowing players to enjoy a wide range of Bitcoin games. With a focus on responsible gambling, the casino offers games, such as jackpots, playable with various cryptocurrencies. Available on desktop, iOS, and Android devices, users can download the casino or play directly from their mobile browser, providing convenient access from any location.

The platform features a simple and easy-to-use UI, including two-factor authentication and multiple cryptocurrency options for in-game interactions and placing bets. With high-quality graphics, players can enhance their gameplay experience by accessing different functions and selecting fast-paced gaming options. Rocketpot casino is optimized for players seeking a seamless, enjoyable gaming experience.

## How to register with Rocketpot

Rocketpot casino offers a swift sign-up process for new users. Before registration, it's advisable to check the casino's wagering requirements and bonuses and be aware that the services may not be available in certain jurisdictions.

To sign up, visit the Rocketpot website and click the sign-up button. 

Customers can enjoy various games the casino offers after registering and depositing Bitcoins. The platform offers Bitcoin bonus rounds to players who deposit and play with Bitcoins through their accounts.

Compared to other crypto casinos, the registration process on Rocketpot is quick and doesn't require extensive verification procedures. It typically takes less than a minute to register and get started.

Users must provide basic personal information such as username and email address to complete the registration process. The e-casino ensures that every Bitcoin transaction is processed within 10 minutes so that users can start gambling without any delay.

## Payment method

Rocketpot offers a range of payment options to ensure inclusivity. As a cryptocurrency casino, it provides more extensive payment options for crypto users. However, fiat payment options are also available. The accepted cryptocurrencies are Bitcoin, Bitcoin Cash, Litecoin, [Ethereum](/news/article/ethereum-pow-price-prediction), Dogecoin, NEO, Tron, USD Coin, [Ripple](/news/article/sec-vs-ripple-news), Cardano, Binance Coin, and Tether USD.

For those without cryptocurrency, depositing on Rocketpot is simple. The third-party payment provider, UTORG, allows you to buy BTC, ETH, LTC, or TRON using USD. This fast and user-friendly process enables players to begin playing and potentially win quickly.

## Withdrawal method

The platform offers various withdrawal methods to its users. Players must click on the website's withdrawal tab to withdraw their cryptocurrency and select a coin. They should then enter their crypto wallet address and the desired withdrawal amount. A verification link is sent to the user, and upon clicking the link, the withdrawal is processed. Rocketpot applies a withdrawal fee deducted from the withdrawal amount. Players should ensure they check the withdrawal limits before initiating a withdrawal.

The processed withdrawal is sent to the user's wallet. The withdrawal fee for Bitcoin is 0.0006, with a minimum deposit fee of 0.001 BTC. Additionally, Rocketpot offers customers a daily 10% cashback reward for a certain period. For example, if a player loses $100, they will receive a return of 10% the following day.

## Casino game offerings

Rocketpot provides new users a demo mode to familiarize themselves with the various live games. Users can enjoy [Bitcoin](/news/article/bitcoin-bull-or-bubble-debate) slots and live dealer variants of table games, which offer a thrilling gaming experience with reduced wagering requirements. 

Below is the list of online casino games provided by Rocketpot:

### Slots

Players have access to a diverse array of slot machines. With more than 3,000 games available, 2,600 of them are dedicated to various types of slot games. The platform also offers crypto video slot machines, which can be conveniently accessed via the slot menu.

### Jackpot games 

The casino offers jackpot games that allow players to contribute a small portion of their wagers to a collective prize pool. Some popular jackpot games available include Mega Moolah Goddess, Cash Splash 5 Reel, and Major Millions. These games were developed by the renowned game developer MicroGaming and offer some of the biggest winning potential.

### Table games 

Rocketpot provides its users with an array of crypto table games, with separate tabs for roulette and blackjack games.

### Live casino

This platform offers a selection of high-quality live casino games powered by top software providers. It provides a wide range of games, with more than 700 options available through Evolution Gaming. Popular options include live blackjack, live roulette, live baccarat, and several live game shows, like Dream Catcher.

## Rocketpot Sports and esports betting 

### Sports betting

Sports enthusiasts can place their bets using Bitcoin or other preferred cryptocurrencies, which offers more advantages than other deposit methods in the casino. Transactions through these digital currencies are secure, fast, and safe, just like other top Bitcoin casinos, allowing users to deposit or withdraw funds within minutes. Users can head to the crypto sportsbook betting section to place a bet, deposit their preferred cryptocurrency with a few clicks, and start placing their wagers.

### Esports Bitcoin betting 

Rocketpot is a casino that allows users to place bets on its sportsbook if they excel in Rocket League, DOTA 2, FIFA, NBA 2K, or tennis. The casino also features esports Bitcoin betting, a wide variety of matches, and tournaments sure to pique users' interest.

### Bonuses and promotions

This online casino regularly introduces new promotions to keep long-term and new users engaged. Players can click on the bonus tab to learn about these offerings. For a limited time, the casino is providing a list of promotions, bonuses, and rewards that it currently offers. Below are the details of these limited-time offerings:

### BTC welcome bonus

This platform offers a BTC welcome bonus that doubles a user's first deposit. Additionally, players receive 10% cashback as bonus money and can earn other prizes upon starting their gameplay. The platform also provides instant withdrawals, allowing players to withdraw their winnings anytime.

### Super boosted monthly race

Each wager counts as one point on a leaderboard, with prizes paid out in Bitcoin. Additionally, users can receive 2,000 free spins.

Newcomers to Rocketpot can enjoy a range of bonuses, such as the Rocketpot casino gift card, welcome bonus, and deposit bonus. Adding an initial deposit can double their funds, allowing them to explore the various games offered on the platform. Additionally, players can benefit from 10% cash back on all their wagers.

Apart from these incentives, players can also receive a unique treasure chest with a guaranteed prize after clearing each level. In a nutshell, the platform offers an appealing gaming experience with numerous opportunities for users to win big.

### Affiliate program

Rocketpot offers an affiliate program enabling its users to invite their family and friends and earn up to 45% commission as an affiliate, making it the most lucrative compared to other cryptocurrency casinos. It supports 30 different types of cryptocurrency that offer minimal transaction fees and are user-friendly.

### Customer service

Customer service is a vital aspect of any casino, and Rocketpot casino prioritizes customer satisfaction by providing various contact options, including 24/7 live chat and email support. In addition, its mobile-friendly website ensures usability for a wider range of users, allowing them to enjoy the Rocketpot experience on almost any mobile device. The casino also offers language support for English, Spanish, Japanese, and German-speaking customers, with plans to add more options. The e-casino offers a hassle-free experience through live chat support, with friendly and informative representatives providing all the necessary answers.

## Is the platform safe?

Rocketpot is a legitimate online casino that provides an enjoyable gaming experience to its players. The casino has partnered with several well-known game providers in the iGaming industry, including Pragmatic Play, Evolution Gaming, Push Gaming, Microgaming, EvoPlay entertainment, and more. As of the writing time, there are zero complaints raised for the platform, adding to its credits of a legit e-casino. Its 2-factor authentication feature is ideal for keeping the user's information safe and secure. 

With more than 3,000 games available, players can use Bitcoin, Litecoin, Ethereum, Bitcoin Cash, or their preferred currency to bet and win. Therefore, Rocketpot is a top choice for anyone looking for a reliable and entertaining online casino.


Purple image of Rocketpot logo on purple background

Rocketpot Bitcoin Casino Review 

[Nigeria CBDC](https://cointelegraph.com/news/nigeria-cbdc-adoption-spikes-as-fiat-currency-shortage-grip-the-nation) adoption has been soaring over the past months due to millions of residents turning away from using the country's fiat currency in favour of the eNaira, multiple news outlets have reported.

The Central Bank of Nigeria has printed larger denominations of its currency to replace older banknotes as it fights rising inflation.

While this has been one of the many ways several developing economies, including West African counterparts like Ghana, have tried to reduce inflation and tackle rising economic challenges, most Nigerians feel that the current financial crisis provides the perfect opportunity for them to experiment with the country's central bank digital currency ([CBDC](/news/article/uk-sought-cbdc-head)). 

## Nigeria CBDC wallets usage has increased by 12-fold 

Wallets created for using the eNaira have increased 12-fold in the past five months, according to Godwin Emefiele, the Central Bank of Nigeria's governor.

The number of [CDBC](/news/article/russia-develop-cbdc-settlement) wallets currently stands at 13 million, up from around 1 million in October 2022.

According to a Bloomberg report, the eNaira transactions valuation has spiked by 63% to approximately 22 billion Naira (about [$47.7 million](https://www.bnnbloomberg.ca/nigeria-digital-currency-transactions-jump-63-on-cash-shortages-1.1898692)) since its introduction in October 2021. 

## More than 10 billion eNaira minted

According to Emefiele, the [CBDC](/news/article/central-bank-of-kazakhstan) has become the payment channel of choice for the execution of social interventions as well as financial inclusion. 

This is why the country's demonetization programme led to the minting of more than 10 billion eNaira while the circulating cash supply was reduced by 68.75% from 3.2 trillion nairas to 1 trillion nairas. 

## CBDCs continue to trend across the globe     
                      
As of 22 March, Nigeria joins China and the Bahamas as countries with real-world use cases of national digital currencies.

Other [sub-Saharan](https://www.imf.org/en/Blogs/Articles/2022/06/23/blog-africa-cbdc) countries like Ghana and South Africa are piloting an electronic version of their countries' fiat currencies, while Zambia, Namibia, Zimbabwe, Madagascar, Tanzania, Rwanda, Kenya, and Uganda are keenly embarking on research programmes.


Nigerian CBDC Naira in wallet in front of image of Nigeria

Nigeria CBDC Adoption Soars Amid Cash Shortage 

Bitsler is a gambling platform that offers casino, sports, and esports betting options. Established in November 2015, it is owned and operated by OYINE N.V. and registered in Curacao with license number 8048/JAZ. This multi-crypto casino platform aims to provide a simple and transparent online gambling experience.

It offers a wide selection of classic casino games from reputable providers such as Evolution, Big Time Gaming, Pragmatic Play, Playtech, and NetENT. In addition to its casino offerings, it has sports and esports betting options, allowing players to participate in various sports events worldwide.

The casino games available at Bitsler include live games, jackpot games, card and table games, and other provably fair games. This feature allows players to verify the fairness and randomness of the games. 

Bitsler is a [crypto-friendly](/news/article/crypto-friendly-banks-uk) platform that accepts payments in 20 different cryptocurrencies, including [Bitcoin](/news/article/bitcoin-fear-and-greed-index), Ethereum, Litecoin, Dogecoin, Bitcoin Cash, Stellar, and more.

## How to create a Bitsler account

Creating a Bitsler account is a straightforward process that can be completed quickly. To begin the process, players must visit the official website of [bitsler.com](https://www.bitsler.com/) and locate the green "register" tab in the top right corner of the landing page.

![bitsler.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/bitsler_3d8f87452c.png)
 
Upon clicking the "register" tab, players will be directed to a registration field that requires them to enter their email ID and date of birth. Alternatively, players can also register using their Google or Twitch accounts.

After entering the necessary information, players must click "Register" to proceed. A verification code is then sent to the provided email address. Players must enter the code to confirm their account.

The next step requires players to provide personal information, including their name, country of residence, gender, etc. While verification is not mandatory at Bitsler casino, the security team may require a full KYC process before customers can withdraw funds from their casino account.

## Payment methods

Bitsler is a casino that operates solely on cryptocurrencies, meaning it accepts deposits only in this form. There are no set minimum or maximum limits for depositing crypto coins, but gamers should take into account that there are minimum bets for each game and a minimum withdrawal amount.

Players may be eligible for instant deposit options depending on the cryptocurrency chosen. Usually, a deposit takes around 5 to 10 minutes to process, but this depends on the load on the blockchain.

The casino supports a range of cryptocurrencies for its users to make transactions. The list of supported cryptocurrencies includes Bitcoin (BTC), [Ethereum](/news/article/ethereum-shanghai-upgrade) (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Bitcoin Cash SV (BSV), Ripple (XRP), Dogecoin (DOGE), Dash (DASH), ZCash (ZEC), Ethereum Classic (ETC), Neo (NEO), Bitcoin Gold (BTG), Stratis (STRAT), Komodo (KMD), Lisk (LSK), Digibyte (DGB), Quantum (QTUM), Waves (WAVES), Stellar (XLM), EOS (EOS), and TRON (TRX). This range of supported cryptocurrencies allows users to make transactions using the cryptocurrency they prefer.

## Customer service

Bitsler provides multiple ways for customers to access support. Customers can refer to the FAQ page for answers to common questions. Alternatively, they can utilize the live chat feature to speak with a live chat agent. Another option is to email support@bitsler.com, and the support team will aim to respond promptly. Lastly, customers can engage with the community chat by clicking on the blue chat box icon in the bottom right corner.

## Games 

Below is the wide range of games offered by Bitsler. 

### Slots

The platform provides a selection of more than 3,000 online slots that can be enjoyed with Bitcoin, Ethereum, and other cryptocurrencies accepted by the casino. The best crypto slots offer various giveaways and rewards from well-known game providers such as Pragmatic Play, Belatra, Mascot, Evolution Gaming, Evoplay Entertainment, and BGaming.

Players can easily sort the games alphabetically or in terms of popularity. Some of the favorite slots offered by Bitsler include Cara Y Cruz, Dream Catcher, Ice Mania, Money Train, Cash Patrol, Fruit Monaco, Mermaid's Baby, Elvis Frog In Vegas, Sweet Bonanza, Icy Fruits, Hot Sevens, and Big Bass Splash.

### Game shows

The casino offers 23 game shows provided by Playtech, Pragmatic, and Evolution. These shows feature various table games, including Lightning Roulette, Texas Casino Holdem, Deal Or No Deal, Lightning Dice, Quantum Roulette, and Live Spin A Win. Popular titles such as Crazy Time, Sweet Bonanza, Age Of The Gods, Dream Catcher, and Gonzo's Treasure Hunt are available. Many games feature live dealers on the screen, providing an authentic land-based casino experience.

### Table games

Bitsler, Playtech, and BGaming are the primary providers of 46 table games. These games include some of the most popular options such as Blackjack, Baccarat, Roulette, Video Poker, Jacks Or Better Poker, Three Card Poker, Buffalo Blitz, American Poker, Dice and Roll, Craps, Lightning Dice, Diamond Legend, Diamond Master, Joker Dice, Golden Joker Dice, 100 Spinning Dice, Keno, Darts, and several other crypto options.

### Provably fair games

Bitsler casino provides numerous provably fair games that utilize blockchain technology-based algorithms to ensure fairness, in contrast to the conventional RNG (random number generator) mechanism. Each game developed by Bitsler has its outcome verified for fairness. Some of the provably fair games offered by Bitsler include Keno, Twist, Plinko, Burn, Blast, Fruitsler, Roulette, Blackjack, Crypto Thugs, Flash Roulette, Baccarat, Hilo, Dice, Multicolour, and Dicey 7s. Playing these games allows players to avail themselves the daily promotions, win rewards, and instantly withdraw their winnings.

### Sports games

The Bitsler Sportsbook offers a platform for placing wagers on various sports events, ranging from soccer, beach volleyball, rugby, cricket, American football, athletics, Aussie rules, baseball, basketball, boxing, cycling, darts, e-soccer, Gaelic football, Gaelic hurling, golf, handball, ice hockey, MMA, rugby, tennis, and many more. It is possible to engage in sports betting at Bitsler in pre-match and in-play modes.

Each event has several betting options, competitive odds, visual representation, and statistics. Although live streaming is not currently available, it is expected to be introduced. The sportsbook section also offers a VIP Loyalty program, enabling users to rank up, earn chest rewards and rakeback, and be eligible to win prize pools of $35,000 per chest.

### Esports games 

Along with a wide range of sports betting options, the platform includes an impressive selection of esports promotions. The esports betting section offers a variety of popular games, such as Counter-Strike, Dota 2, Call Of Duty, League Of Legends, Starcraft II, Rainbow Six, Valourant, and Overwatch. In addition to these popular games, players can also enjoy placing bets on FIFA, NBA2K, Rocket League, and other games that are typically harder to find in esports betting markets.

One of the most impressive features of Bitsler casino is the ability to deposit Bitcoin and other cryptocurrencies, which allows for a seamless gaming experience in a crypto-friendly environment.

### Bonuses 

The casino provides its players with various bonuses and promotions. Players can find many types of bonuses, including casino promotions, sports promotions, and esports promotions. Additionally, the casino runs several contests and giveaways, enabling players to earn free money. 

### Registration bonus

New registrants are rewarded with a bonus amounting to 0.00000005 BTC upon sign-up. This may seem small, but it can be used to explore a range of provably fair games available on the platform.

### VIP program

Bitsler Casino has an excellent VIP program in which players can advance by wagering on various casino games. They can also win exciting chests and rakebacks with prizes worth $35,000. Players can gain XP by betting with any cryptocurrency of their choice on selected games and sports with odds greater than 1.4. different VIP levels, including bronze, silver, gold, platinum, and diamond, offering keys to open the chest. Rakeback percentages increase as players level up and can be claimed every two minutes.

### XP contests

Participants in the XP contest can earn XP and win promotion prizes by playing any eligible game with their preferred cryptocurrency. Depending on the contest, XP can be earned by placing a bet in specific currencies or games. The contest will determine the number of winners and the prize pool.

### Hourly Lottery

Bitsler Hourly Lottery promotion offers up to $100 lottery prizes for VIP players with Gold 5, Platinum, and Diamond VIP statuses. All they have to do is place a qualifying bet and submit the details of their bet to the Hourly Lottery. Players can only participate in eight of every 24 lotteries.

## Is the platform legit?

Bitsler casino is a popular online gambling platform that experts have extensively reviewed. One of the main concerns raised in such reviews is whether the website is legitimate. It is worth noting that Bitsler casino is a licensed and secure online casino that operates under the Curacao Government's jurisdiction. This makes it a legitimate platform to place bets and play casino games.

It is available in several countries worldwide, except for restricted regions such as the Netherlands, the US, Portugal, the UK, Sweden, Malta, and France. Apart from licensing, online [casino](/news/article/review-rollbit-exchange) operators employ various measures to ensure the platform is secure for their clients. For instance, Bitsler casino utilizes a standard two-factor authentication system to protect clients' data from unauthorized access. The 2-factor authentication feature can be activated from the account settings by manually putting a secret key or scanning the QR code.

The casino also uses advanced SSL encryption to safeguard clients' personal and financial information. This ensures that all data is encrypted and secure. Additionally, the platform promotes responsible gambling and uses provably fair games to ensure that game outcomes are random and fair.

Players who place bets and play games on Bitsler casino can rest assured that they will enjoy a seamless gambling experience. The website is secure and licensed and promotes responsible gambling, making it a trustworthy platform for online gambling.


bitsler casino logo on purple background image of hand holding globe

Bitsler Casino: Is the Gambling Legit?

If you're considering making money from your crypto holdings in 2023 and beyond, this guide discusses Raydium staking and shows you how to make money from it.  

There are different ways to make a fortune from the burgeoning cryptocurrency market. Most people have only heard about buying and HODLing crypto traditionally while waiting for prices to improve, but staking to earn passive income on idle cryptocurrencies in an ingenious method.

## What is Raydium?

[Raydium](https://raydium.io/) is a decentralized automated market maker (AMM) built on the Solana blockchain. It draws its liquidity from the Serum decentralized exchange (DEX). The platform facilitates trading digital currencies, like cryptos, via liquidity pools, which remain a significant feature in the Decentralized Finance (DeFi) circles.

Liquidity pools are made of individuals (liquidity providers) who lock their crypto in a smart contract to be used as trading pairs in markets for traders on the DEXs. An AMM protocol guarantees liquidity in a digital market, such as a cryptocurrency exchange. AMMs are designed to set asset sales and purchase prices automatically and are primarily used in predictive markets. 

As an AMM, Raydium plays two fundamental roles. Apart from providing access to Serum’s order book, its algorithm is based on CFAMM (constant function automated market maker), a continuous function whose architecture is anchored within Solana and Serum.

## What is RAY and how does it work?

RAY is the native token of the Raydium ecosystem. It was launched on 21 February, 2021, with an initial supply capped at 555 million tokens. The RAY development team apportioned and locked up 20% of the supply that couldn't be sold for three years. One-third of the total RAY token supply (188 million tokens) is available for mining, and it's estimated that block rewards will be halved every six months. In the same vein, 0.03% of transaction fees earned on the platform are reserved for Raydium staking rewards.   

## What can RAY tokens be used for?

Holders of the RAY token can generate interest, totaling up to 0.03% of the platform's total trading fees, via Raydium staking, besides getting some limited rights to intervene partially in the protocol's governance. RAY holders can also vote for proposals on amendments and issues submitted to the community. The size of a user's voting power is determined by the amount of RAY tokens they own. You can buy RAY from numerous leading cryptocurrency exchanges where it's listed or directly from the Raydium website.

## What is Raydium staking?

[Staking in crypto](/news/article/what-is-staking-crypto) is a process similar to the mining function. Participants are selected to add blocks and establish the validity of transactions for which they get rewarded in crypto. While the exact implementation may differ for different projects, participants lock in their tokens for a specified period to guarantee that they will act in good faith and not violate the rules.  
  
If you're a long-term crypto holder, Raydium staking can work for you by generating passive income instead of you letting your digital assets gather dust in your wallet.

Moreover, staking contributes to the security of the Raydium protocol, making it resistant to attacks as you strengthen its transaction processing ability. Staking Raydium in its farms of fusion pools also enables you to earn more RAY tokens. Currently, stakers can make an annual percentage return (APR) for staking RAY at [9.84%](https://raydium.io/staking).

## How to stake RAY 

Raydium staking is a straightforward process that takes three simple steps:

1.	Select your favorite crypto exchange.

2.	Buy RAY tokens or transfer your coins to your [crypto wallet](/news/article/cryptocurrency-hardware-wallet).

3.	Stake, and wait to start earning.

You can also stake directly on the Raydium website by clicking the STAKE tab and confirming the transaction.

Your RAY token rewards will grow depending on the current APR against the RAY vault. You can collect your accrued rewards at intervals. At this point, you withdraw your original staked amount plus the earned rewards.

## Is staking Raydium a good investment? 

Since the character of cryptocurrency experiences a wavelike motion, there's every chance that the price of RAY can appreciate and get to an all-time high as the crypto winter thaws. Should the price of Raydium increase, it could generate good returns, giving Raydium staking a good long-term earning potential.


Latest Moni

Latest articles | Page 42

BitBoy Crypto Accused of Threatening Lawyers

Nigeria CBDC Adoption Soars Amid Cash Shortage

Rocketpot Bitcoin Casino Review