Before we get into this article, I have to say I was a big Airbnb fan at the beginning, but recently I switched back to staying in hotels. Why?

- It’s easier. I don’t have to talk to the host and take care of stuff.

- Is it more expensive?

- No, not anymore. I typically book the hotel room for cheaper than the price I would pay for an Airbnb.

There are three major categories that Airbnb guests complain about:

1. Transparency on the fees page
2. High prices
3. Bad hosts

Transparency on the fees page

Airbnb does not show the full price of the rooms right away. You need to click through many pages to see the final price – including service and cleaning fees. From the customer’s guest's perspective, this can be a frustrating experience.

I used the word guest and not customer on purpose here. To understand why Airbnb cannot fix this “simple” problem we need to look further. We need to understand who the customer is. Is it the guest or the host or maybe both? Which one is more important (if any)? How does the value chain in the marketplace work?

As soon as you get into the details, this becomes a hard problem to solve. Just a couple of aspects to consider:

- Hosts want high occupancy and low maintenance —> highest profits.

- Guests want the cheapest stays without any additional work.

- Airbnb wants to take the biggest cut – rent the room for the highest price that will still retain the guest, keeping occupancy high.

This is a big pricing challenge as locations and accommodation types have different tax, service, cleaning requirements. The cleaning and service fee is a good way for the host to cover damages and count for additional liabilities that they know best - better than Airbnb.

Taking this away from the hosts can result in them running bad businesses which would reduce the quality of the stays and ultimately the number of apartments.

Yep.

So how to solve this then?

Easy! Just let the host set the prices of the fees + show the total price to the guests.

Wrong. Showing total prices will result in bigger price competition and worse discovery. Hosts will fight for occupancy by reducing their fees and running worse accommodations that will affect the quality of the stays.

I’m really curious to see the solution these smart guys come up with.

High prices

High prices are a real threat to Airbnb’s business. They need to be able to compete with hotels on pricing.

Hotels have the advantage of scale, e.g. one cleaning stuff can clean all the hotel rooms. Airbnb needs to come up with a way for hosts to optimise their workflows and reduce costs.

Bad hosts

Reading through some of the posts on Reddit and Twitter, I was shocked. Some hosts are really crazy…

Unfortunately, preventing bad hosts from listing or guests from renting on Airbnb is not really possible.

I think Airbnb only has to make sure that they monitor this and act quickly when these issues happen.

How is the business performing?

Airbnb just had the biggest and most profitable quarter ever, beating Wall Street’s profit and revenue expectations.

Airbnb also grew the number of listings. Active listings rose about 15% in the third quarter compared to a year ago.

Despite all this, Airbnb shares fell more than 5% recently, as the company guided for some softness in the current quarter because of seasonality.

If you enjoyed this short read, please sign up for the Nothing Fancy weekly newsletter. It’s completely free. ✌️

Have an amazing week and enjoy your passive income earning on Proptee! 😉

Best,

Ben and the Proptee Team

Purpose Built Student Accommodation (PBSA) is student housing that has been specifically designed and built for student use.

PBSA typically includes a range of amenities and services that are designed to make life easier for students, such as on-site laundry facilities, common areas, and 24/7 security. PBSA can be either private or institutional, and is often managed by specialist student accommodation providers.

Today, we’re incredibly excited to announce the release of Proptee's brand-new Android app!

From today, you can sign up to invest in real estate. We’ve packed a bunch of features into this release, with many, many more to come.

We've been working on the app over the last 3 months and we're already working hard to bring all of the Proptee features you know and love to Android. Let's take a look at what you get today:

The Proptee Android app has many of the features you’ve seen on iOS, designed and built natively for Android.

Brand new features

Free crypto transfers on Polygon

From now on, we accept USDC (USD Coin) deposits on Polygon. Regarding gas fees, Polygon is a really cheap alternative to Ethereum. Gas fees cost around €0.0002.

Polygon transactions are only available on Android at the moment.

Instant notifications

Instant push notifications are coming to Android. The app will notify you when important things happen:

• Receive deposits/withdrawals
• Earn rent rewards
• Buy and sell real estate fractions
• Important property updates

We are committed to bringing all of the functionality to Android and working with you to make this the best real estate investing app in the world. Thank you for your patience and support! :)

A huge thank you to our lonely Android engineer, Rob who has been working incredibly hard on the Proptee app. We hope you like it.

Is my Proptee account protected?

Proptee is a licensed virtual currency exchange and wallet operator registered with the Financial Crime Investigation Service in Lithuania. Proptee operates following the rules set out by the Bank of Lithuania.

In addition, we’re monitoring for suspicious activity and each of our investors must accept and follow these terms and policies:

• Trading Rules
• Restricted Locations Policy
• KYC Limits
• User Agreement
• Behaviour Policy

How are your funds and real estate fractions kept safe?

All your fiat funds are exchanged into trusted stable coins, EUROC (Euro Coin) and EURS (Stasis Euro), and 90% of it is kept in multiple cold wallets fully offline.

In addition, 100% of the real estate fractions are held in secure offline storage.

What guarantees that Proptee really owns the assets listed in the app?

We have a separate holding company, Proptee Pay Kft. which is responsible for owning all the assets. Each month, we provide an attestation report to show that our digital assets are fully backed by physical real estate assets. You can find these reports on the Transparency page.

What happens to my investment if Proptee goes out of business?

As mentioned above, all the assets are held in a separate holding company (Proptee Pay Kft.). If the main company (Proptee Europe UAB) goes out of business, the holding company will still hold your assets. Then the holding company will act according to its wind-down plan, meaning that it will sell the assets and give the money back to investors.

What happens if a property burns down?

All the properties listed on Proptee have insurance, so if something happens to them, then investors are going to be paid back by the insurance company.

If you enjoyed this short read, please sign up for the Nothing Fancy weekly newsletter. It’s completely free. ✌️

Have an amazing week and enjoy your passive income earning on Proptee! 😉

Best,

Ben and the Proptee Team

Invest in real estate from €1

Download the Proptee app and invest in residential real estate from the EU, UK and the US. All you need is 1 euro and a mobile phone. It's your time to profit like a landlord!

We're slowly entering the spending revolution of crypto, when people get the tools and means to use crypto for everyday purchases, such as buying real estate.

During the pandemic, crypto was one of the things that got popular in the online sphere. People were constantly speculating on random coins and NFTs.

As people accumulate coins, the industry slowly enters the phase of spending. What do I mean by this? Simple. You want to be able to spend your coins on things that you really need, for example, an iPhone 2000.

Today, this is not possible.

Crypto users still need to convert their bitcoins back to euros to be able to spend them. There’re fees, waiting times and good old international bank transfers.

Below, I listed 3 ways to buy a house with crypto today.

1. Crypto transfer

If you are planning to buy a house with Crypto, all you have to do is to find a seller, who accepts digital currencies. Make a deal, sign all the required documents and send the right amount to the seller's crypto wallet address.

It's advised that you use escrow companies to ensure all the ownership documents are legit and in your hands to avoid scams and fraud.

2. Crypto-to-Fiat transfer

Fiat money is a government-issued currency like Euros. If you only have Bitcoin and desire a house, but the seller does not accept digital currencies, you must sell your Crypto.

There are many platforms where you can exchange Fiat currency. In the end, you will pay with Fiat, the traditional way.

3. Using Proptee

Proptee uses Non-Fungible Tokens and blockchain technology to make real estate investing truly global and effortless. By issuing or minting 100,000 tokens for each property, we can sell fractions of properties to many investors at once.

You have the ability to deposit crypto to Proptee (USDC today) and use it to quickly purchase real estate fractions with a tap of a button. Once these tokens are purchased, owners can sell them to anyone at any time. Creating a fully functional secondary market.

This way, real estate investing becomes available for everyone, liquid and borderless. Investing in multiple countries from the comfort of your home is not a dream anymore, it’s a reality.

If you enjoyed this short read, please sign up for the Nothing Fancy weekly newsletter. It’s completely free. ✌️

Have an amazing week and enjoy your passive income earning on Proptee! 😉

Best,

Ben and the Proptee Team

Invest in real estate from €1

Download the Proptee app and invest in residential real estate from the EU, UK and the US. All you need is 1 euro and a mobile phone. It's your time to profit like a landlord!

This guide introduces you to the basic concepts of earning passive income. Proptee offers a suite of products for you to grow your portfolio easily. By buying fractions, you could win rewards and reinvest them to earn more rewards!

What is passive income?

Passive income refers to money you can earn with minimal effort, often automatically. For example, putting your money into a savings account would generate passive income in the form of interest earned.

Similarly, if you hold fractions in your Proptee app, you can use them to generate passive income. But generating passive income can be more complicated, requiring detailed research and lots of time.

There are many different ways to earn extra income with your crypto holdings, including staking, mining, saving, and lending. For those new to the crypto world, it can be overwhelming and difficult to know where to start. But there is now an easier way to do this.

How can I get started?

This guide will introduce you to some of the key concepts and the ways that you can earn passive real estate and metaverse incomes. More advanced traders can engage in complicated trading strategies, but there are some simple methods to grow your portfolio without elaborate efforts and knowledge.

Earning passive income with real estate is more straightforward than earning rewards with cryptos. Check out our Guides for both here:

• Ways to Earn Passive Income With Real Estate
• Ways to Earn Passive Income With Crypto

Get Started with Proptee Real Estate Rewards

Rent Rewards

Rental properties on Proptee produce constant rental income as long as they are rented out and the tenants keep paying their rent. Once rental payment is received from tenants, it's distributed back to fraction holders as a reward for holding the fraction.

Rewards distributed to fraction holders depend on the amount of rent paid and also the duration of the holding period.

Interest Rewards

Development loans listed on Proptee are used to give developers capital to construct new buildings. Similar to most other types of loans, these also have an interest rate that has to be paid back by the developer either monthly, quarterly or yearly. This means that fraction holders of the development loans benefit from interest rewards.

Rewards distributed to fraction holders depend on the interest rate agreed with the developer, the repayment schedule and for how long the fraction is with a holder.

To learn about how to make passive income with Metaverse coins on Proptee, read our deep dive here:

proptee.io/apollo/metaverse-rewards/

There are a number of ways to earn passive income with cryptocurrencies. In this article, we first cover how to earn rewards on Proptee and then we also go into some other ways you can make passive income with crypto outside the Proptee app.

Earning passive income on Proptee

Staking

With cryptocurrencies that use the proof-of-stake model, staking is how new transactions are added to the blockchain.

First, participants pledge their coins to the cryptocurrency protocol. From those participants, the protocol chooses validators to confirm blocks of transactions. The more coins you pledge, the more likely you are to be chosen as a validator.

Every time a block is added to the blockchain, new cryptocurrency coins are minted and distributed as staking rewards to that block's validator. In most cases, the rewards are the same type of cryptocurrency that participants are staking.

To put it simply, you can “stake” some of your holdings and earn a percentage-rate reward over time.

We have the goal to bring you as many income-producing investment opportunities as we safely can. This means that we list many Metaverse coins that produce an income from Staking.

We do the hard work for you and Steak your cryptos in different staking pools, so that you can just sit back and earn the high APYs.

What happens in the background?

When you buy your Metaverse coin on Proptee, we automatically Stake your coin into a staking pool. This starts to earn passive income right away. We claim these rewards every week and distribute them back to you after fees.

When you sell Metaverse coins, we automatically remove them from the Staking pool.

If you are interested in learning more about Staking, here's our deep dive:

What is staking?

Staking is a way of earning rewards for holding certain cryptocurrencies. Ifyou’re looking to earn some staking rewards, it’s useful to understand at leasta little bit about how it works. How does staking work?With cryptocurrencies that use the proof-of-stake model, staking is how newtransactio…

Proptee ApolloBenedek Toth

Other ways to earn passive income with Crypto

Mining

Mining is very similar to Staking, it's just used to secure a different type of blockchain. Essentially, it means using computing power to secure a network to receive a reward. Although it does not require you to have cryptocurrency holdings, it is the oldest method of earning passive income in the cryptocurrency space.

In the early days of Bitcoin, mining on an everyday Central Processing Unit (CPU) was a viable solution. As the network hash rate increased, most of the miners shifted to using more powerful Graphics Processing Units (GPUs). As the competition increased even more, it has almost exclusively become the playing field of Application-Specific Integrated Circuits (ASICs) - electronics that use mining chips tailor-made for this specific purpose.

The ASIC industry is very competitive and dominated by corporations with significant resources available to deploy on research and development. By the time these chips arrive on the retail market, they are likely already outdated and would take a considerable amount of mining time to break-even.

As such, Bitcoin mining has mostly become a corporate business rather than a viable source of passive income for an average individual.

On the other hand, mining lower hash rate Proof of Work coins can still be a profitable venture for some. On these networks, using GPUs can still be viable. Mining lesser-known coins carries a higher potential reward, but comes with higher risk. The mined coins might become worthless overnight, carry little liquidity, experience a bug, or see themselves hindered by many other factors.

It is worth noting that setting up and maintaining mining equipment requires an initial investment and some technical expertise.

Lending

Lending is a completely passive way to earn interest in your cryptocurrency holdings. There are many peer-to-peer (P2P) lending platforms that allow you to lock up your funds for a period of time to later collect interest payments. The interest rate can either be fixed (set by the platform) or set by you based on the current market rate.

Some exchanges with margin trading have this feature implemented natively on their platform.

This method is ideal for long-term holders who want to increase their holdings with little effort required. It is worth noting that locking funds in a smart contract always carries the risk of bugs.

Affiliate programs

Some crypto businesses will reward you for getting more users onto their platform. These include affiliate links, referrals, or some other discount offered to new users that are introduced to the platform by you.

If you have a larger social media following, affiliate programs can be an excellent way to earn some side income. However, to avoid spreading the word on low-quality projects, it is always worth doing some research on the services beforehand.

If you are interested in earning passive income with Proptee, start inviting your friends and get rewarded when you introduce the world to Proptee!

Forks and airdrops

Taking advantage of a hard fork is a relatively straightforward tactic for investors. It merely requires holding the forked coins at the date of the hard fork (usually determined by block height). If there are two or more competing chains after the fork, the holder will have a token balance on each one.

Airdrops are similar to forks, in that they only require ownership of a wallet address at the time of the airdrop. Some exchanges will do airdrops for their users.

Blockchain-based content creation platforms

The advent of distributed ledger technologies has enabled many new types of content platforms. These allow content creators to monetize their content in several unique ways and without the inclusion of intrusive ads.

In such a system, content creators maintain ownership of their creations and usually monetize attention in some way. This can require a lot of work initially but can provide a steady source of income once a more substantial backlog of content is ready.

Download Proptee and start earning Passive Income

The year is 2022, everybody is talking about crypto and owning a great jpeg NFT. Real estate is still bought and sold fully offline, but the market is buzzing about a new technology, called the blockchain.

What's fractional real estate investing?

Fractional real estate investing is the process of investing in a property or properties through the use of tokens or digital assets. These tokens represent an ownership stake in the real estate, and can be traded on secondary markets.

Why is fractional property investing can be a good investment?

There are a number of reasons why fractional property investing can be beneficial.

• Allows investors to spread their risk over a number of different properties.
• Provides investors with access to properties that they may not otherwise be able to afford.
• Allows investors to generate passive income through rental income and capital gains.

What are the benefits of fractional property investing?

There are many benefits of fractional property investing, including:

1. Increased liquidity – Fractional ownership allows investors to purchase a stake in a property, rather than having to purchase the entire property. This increases liquidity, as investors can sell their stake at any time.

2. Diversification – Fractional ownership allows investors to spread their risk across multiple properties, rather than investing in a single property. This helps to reduce the risk of losing money if one of the properties experiences a downturn.

3. Reduced costs – Fractional ownership can reduce the costs of investing in real estate, as investors do not have to purchase the entire property. This can help to make real estate investing more affordable for smaller investors.

4. Increased access to investment opportunities – Fractional ownership allows smaller investors to invest in high-end properties that they may not have been able to afford if they were to purchase the property outright. This increases the range of investment opportunities available to investors.

Invest in real estate from €1

Download the Proptee app and invest in residential real estate from the UK, EU and the US. All you need is 1 euro and a mobile phone. It's your time to profit like a landlord.

‎Proptee: Real Estate Investing

‎The one app for global real estate investing. Your entire property and Metaverse portfolio in one app. Join Proptee to build your safest investment portfolio and diversify your assets with real estate. Open an account in minutes today and invest up to €1,000 without any ID verification. Locations…

App Store

Proptee does not provide investment advice and individual investors should make their own decisions or seek independent advice. The value of investments can go up as well as down and you may receive back less than your original investment. When you invest, your capital is at risk.

If you ever rented or let a place, you most likely have some surreal experiences with your landlord or tenant.

In this short post, we collected a few of our favourites from the internet. 👇

BTW, if you have problems with your landlord/tenant, please reach out and we'll help! Don't feel ashamed to ask us, it's your home after all.

1. Couch in the front yard

“I asked a tenant to remove the giant leather couch from the front yard. He retorted that it was the only way to relax and get away from his mother”

I guess we can all relate to this and let the tenant have the leather couch outside. 😂

2. Insects

“We had a tenant who complained about a bug infestation in his apartment. The property manager checked it out and couldn’t find any bugs. Just to be sure, we got an inspection by an exterminator as well. Still no bugs to be found.

The tenant got frustrated and showed up at the property management office with a large transparent jar full of bugs. Only thing, there were no bugs in the jar. He was imagining insects that weren’t there.”

This is such a sad story and we hope the tenant got better.

3. Weird smell

“Neighbors complain of foul smell coming from my property. The tenant is a man in his 30’s, nice and proper. Nothing weird about him but the complaints keep coming and we are left with no choice but to take action.

When we finally get in, the place is deserted but there is poop everywhere. Like piles of feces in the bathtub, in corners of the room…. The guy just shat everywhere and apparently enjoyed collecting it or something. It was really bad, and it traumatized all the people involved.”

Well, I don’t really know what to say to this, but it made it on the list as one of the weirdest stories I ever read.

4. When something is too good

“When a couple I rented to for a year, with no complaints or late rent, or maintenance issues during or after they stay, moved out, I was talking to the neighbors of the unit whom I knew from before I became a landlord. Neighbor said they were always polite, but at least there wouldn’t be any more porn shoots with them gone. (My head nearly cracks from the instant swivel)

-"What?”

-“Yeah,” he continued, “At least a few times a month the whole neighborhood could hear them and they had lights and cameras set up because it would be super-bright behind the curtains. At least a few times they had the curtains open during the day and the cameras and lights were still set up.”

I wonder what the tenants claimed their jobs were during referencing checks…

5. Painting

“Had an awesome tenant for about 2 years. Older well-known local artist. Quiet and kept the place neat and tidy. Mowed more of the lawn than I ever did. Got on well with all the neighbors. About twice a year I’d stop in and chat over coffee and inspect the place and address any issues. I was really sad to see him go when he moved in with his new wife.

He said he left me a surprise when he left but I couldn’t figure out what it was. While doing some maintenance I found he painted an absolutely beautiful mural on the side of the barn. It made me even more sad to see him go after that. We still keep in touch on FB.”

So sweet! Both landlords and tenants tend to remember the bad stuff, but in most cases, they get on really well with each other. For instance, sometimes you end up with a beautiful mural on the wall. 🎨

Let me repeat it one more time. If you have problems with your tenant/landlord, please let us know and we'll try to give you advice, completely free of charge!

Have a great day and see you next week!

-Ben and the Proptee Team

The real estate market in the European Union is one of the most mature and developed in the world.

The market is characterized by a high level of fragmentation, with a large number of small and medium-sized players. In terms of asset value, the market is dominated by the residential sector, which accounts for around two-thirds of all assets. The market for commercial real estate is also relatively well developed, although it is somewhat less mature than the residential market.

REITs

The market for real estate investment trusts (REITs) is also well developed in the EU, with around 190 REITs listed on exchanges in the region.

The largest REIT markets are the UK, France, and Germany, which account for around 85% of the total market capitalization of REITs in the EU.

Crowdfunding

The market for real estate crowdfunding is also growing rapidly in the EU, with around €1.5 billion raised through crowdfunding platforms in 2017.

The largest markets for real estate crowdfunding are the UK, France, and Spain, which account for around 85% of the total market capitalization of real estate crowdfunding in the EU.

Derivatives

The market for real estate derivatives is also relatively well developed in the EU, with a number of exchanges offering products that allow investors to gain exposure to the underlying asset class without having to purchase and manage the underlying property. These products include real estate investment trusts (REITs) and real estate-related exchange traded funds (ETFs).

It’s harder and harder to buy a home in London as average house prices are currently 13 times the average annual salary.

Statistics

The average London house price reached a record £521,000 in December

A lack of properties available to rent means that high prices and rents are expected to continue

History

Owning a house wasn’t always a national obsession. A century ago ¾ of the UK rented the place they lived in. Now, only about 1/3 of the country’s households are renting.

Past events that affected the property market:

II. World War

After destroying many properties, the country started to rebuild. The government built more than 1 million houses to rent at controlled prices in 6 years.

By 1970, 1 out of 4 people in London lived in council houses.

Privatization

1979, Margaret Thatcher started a program that allowed families to buy their homes from the government, moving it from the public to the private sector and she also removed the rent cap.

London became much more attractive to landlords, but much worse for tenants.

2008 financial crisis

The housing borrowing and lending system have collapsed. The government decided to rescue the banks and the economy by buying some of this bad debt in exchange for stakes in the banks.

The UK had a quick recovery. By 2011, London has bounced back faster than other cities in the world. This meant that London was considered a stable market for real estate investors, who started to purchase several homes in the city.

Help to Buy scheme

Around 330,000 households have bought homes through the scheme since 2013. The popularity of Help to Buy has pushed house prices even higher.

Prices are rising quicker than salaries

Rents have surged ahead of wage growth and this is making house purchasing very difficult.

2011-2017, rents in England have grown 60% quicker than wages. Rents have increased by 16% while average wages have increased by just 10%.

Average Londoners pay 50% of their salary on rent every month. As current house prices are 13 times higher than the average salary, it’s almost impossible to buy a property.

Investing with Proptee

If you can’t beat them, join them!

To not lose money compared to your rent, you should either invest in something that outperforms London real estate or just simply:

Put your money into London real estate!

This way, you don’t lose value and your money grows with the market. If there was only a service, where you can do that…

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RevueProptee

We’re incredibly excited to announce that we have partnered with Housers, the biggest real estate crowdfunding platform in Spain. This partnership will enable us to bring you fractionalized development projects from Spain, Italy and Portugal.

Who is Housers?

Housers is one of the first and biggest property crowdfunding companies in the world, headquartered in Spain.

They launched more than 6 years ago in January 2016. Since then, Housers have completed 131 projects, raised more than €130M from investors and generated an average return of 8.22% IRR.

Development loans

Housers went through a lot of changes in the last 6 years. Now, they operate in the development loan space. They seek out the best development projects in Spain, Italy and Portugal and crowdfund these short-term loans. A typical loan term is 18 months.

Benefits of using Proptee

We vet all their offerings with our property and market experts and only provide you access to the best ones.

1. Invest only from €1. On Housers, the minimum is €300 plus fees
2. No KYC up to €1,000. Housers requires you to complete ID verification right away.
3. Sell any time. Housers has a very limited secondary market with low liquidity.

The 1st offering

The first listing from Mallorca is already available on Proptee!

The investment will be used to finance the associated costs for the construction of a building with 10 high-rise flats and 15 parking spaces in Palma de Mallorca, Mallorca (Spain).

For more information, please check the Proptee app.

Proptee: Real Estate Investing

Housers is regulated and authorised by the the CNMV (Spanish regulator) through the license nº20 and CMVM (Portuguese regulator). When you invest, your capital is at risk.

You may notice that Proptee's listings sometimes show APR and other times APY. This article aims to clear the difference between the two.

While APR and APY may sound the same, they are quite different and not created equal. APY, or annual percentage yield, takes into account compound interest, but APR, which stands for annual percentage rate, does not.

APR

APR does not take into account the compounding of interest within a specific year. It is calculated by multiplying the periodic interest rate by the number of periods in a year in which the periodic rate is applied. It does not indicate how many times the rate is applied to the balance.

APR is calculated as follows:

APR = Periodic Rate * Number of Periods in a Year

APY

Unlike APR, APY does take into account the frequency with which the interest is applied—the effects of intra-year compounding. This seemingly subtle difference can have important implications for investors and borrowers.

Here's how APY is calculated:

APY = (1 + Periodic Rate)^{Number of periods} – 1

APR vs. APY Example

A bank might charge 1% interest on a loan each month. Therefore, the APR equals 12% (1% x 12 months = 12%). This differs from APY, which takes into account compound interest.

The APY for a 1% rate of interest compounded monthly would be 12.68% [(1 + 0.01)^12 – 1 = 12.68%] a year. If you only have the loan for one month's period, you will be charged the equivalent yearly rate of 12%. However, if you have the loan for the year, your effective interest rate becomes 12.68% as a result of compounding each month.

Conclusion

Both APR and APY are important concepts to understand for managing your personal finances. The more frequently the interest compounds, the greater the difference between APR and APY.

If you haven't used Proptee yet, then go ahead and download it from here:

‎Proptee

‎Proptee allows you to invest in everything real estate, from residential & commercial to REITs and digital land.

App StoreProptee Holdings Ltd

Staking is a way of earning rewards for holding certain cryptocurrencies. If you’re looking to earn some staking rewards, it’s useful to understand at least a little bit about how it works.

How does staking work?

With cryptocurrencies that use the proof-of-stake model, staking is how new transactions are added to the blockchain.

First, participants pledge their coins to the cryptocurrency protocol. From those participants, the protocol chooses validators to confirm blocks of transactions. The more coins you pledge, the more likely you are to be chosen as a validator.

Every time a block is added to the blockchain, new cryptocurrency coins are minted and distributed as staking rewards to that block's validator. In most cases, the rewards are the same type of cryptocurrency that participants are staking.

To put it simply, you can “stake” some of your holdings and earn a percentage-rate reward over time.

How much money can you make via Staking?

Different protocols pay different staking rewards. They typically give you a current APY value to show how much staking rewards are distributed back to staking pools via the network.

For instance, at the time of writing this article, Axie Infinity is giving you a 76% APR. This means that if you invest €100 worth of AXS, then you'll get €76 in rewards in a year. Of course, this rate can change very rapidly.

How does Proptee use Staking?

We have the goal to bring you as many income producing investment as we can. This means that we list many Metaverse coins that produce an income from Staking.

We do the hard work for you and Steak your cryptos in different staking pools, so that you can just sit back and earn the high APYs.

What is Proof of Stake?

Proof of stake in crypto is a consensus mechanism -- a way for a blockchain to validate transactions. The nodes in a blockchain must be in agreement on the present state of the blockchain and which transactions are valid.

There are different consensus mechanisms that cryptocurrencies use. Proof of stake is one of the most popular for its efficiency and because participants can earn rewards on the crypto they stake.

Staking rewards are an incentive that blockchains provide to participants. Each blockchain has a set amount of crypto rewards for validating a block of transactions. When you stake crypto and you're chosen to validate transactions, you receive those crypto rewards.

What are the benefits of staking crypto?

Here are the benefits of cryptocurrency staking:

• It's an easy way to earn interest on your cryptocurrency holdings.
• You don't need to buy expensive equipment for crypto staking like you would for crypto mining.
• You're helping to maintain the security and efficiency of the blockchain.
• It's more environmentally friendly than crypto mining.
  

Typical risks of staking crypto?

The risks of staking crypto:

• Your staked assets can suffer a large price drop, that could outweigh any interest you earn on them. In Proptee, you earn the interest in Euro, so it's not an issue.
• Staking can require that you lock up your coins for a minimum amount of time. During that period, you're unable to do anything with your staked assets such as selling them. On Proptee, you can buy & sell these assets like any other, there's no lock up period.
• When you want to unstake your crypto, there may be an unstaking period of seven days or longer. Again, on Proptee, you can sell them any time you want.

If you want to learn more on Staking, we recommend researching proof of stake mechanism and depositing a small amount of money into a crypto wallet and stake that into a staking pool.

If you're not that type of person, just download the Proptee app and buy coins that are already Staked!

Download the Proptee app here:

‎Proptee

‎Proptee allows you to invest in everything real estate, from residential & commercial to REITs and digital land.

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