MenaCash is a stable cryptocurrency used for transfers and in-app transactions within MenaPay SuperApp. Therefore 1 MenaCash is always equal to 1 USD. MenaCash can be top upped via wire transfer, Bitcoin and MenaCash PIN in MenaPay app and then earn income up to 15% by staking MenaCash.
Staking is the process of locking your crypto assets in your wallet for a certain period without spending or transferring. If you don’t unlock your crypto assets until the end of the Staking period, you’ll be rewarded at the end of the period which is a passive income for you.
The staking reward is automatically transferred to your wallet with your principal. When you stake MenaCash, you can earn extra MenaCash in addition to the initial MenaCash amount you locked at the end of the time.
How to Stake MenaCash?
- First of all, you should login to MenaPay. If you have never bought MenaCash, you should buy MenaCash with options in ”Buy MenaCash” screen. Don’t forget, 1 MenaCash = 1 US Dollar.
- After MenaCash is top-upped to your Main Wallet, click ”Staking” button on the home page.
- Select MenaCash and follow these steps: Enter your MenaCash amount and select how many months you want to stake your crypto assets.
- And then, click ”Proceed”. You will see your transaction summary. Check your transaction and tap ”Confirm”. Your transaction completed in a few steps.
Important Notice: If you cancel your staking process before the locking period, you will not be able to receive your Staking Rewards yet your principal will be refunded.
What Are staking periods and rewards?
You can contact us with info@menapay.io email adress.
