I've spoken about this in the past.

But the APY for MIA coin depends on how many people are trying to stake the coin. And what started out as 430% APY, has been dropping arguably ever since.

For those of you who don't know. MIA coin is the official COIN of Miami. This coin runs on the STX blockchain. You can mine MIA coin by depositing STX into a lottery style pool. Or you can stake your MIA coins by "cycles" and receive some juicy APY "rewards" that are paid out in STX.

MIA coin in general has dropped a significant amount. It's market cap has gone from 60 million to about 24 million currently. So, if you have been in the coin since the beginning like myself, I feel your pain. However, If you remember the first 5 reward cycles, the APY was actually getting bigger, and one of the cycles has a return of 580%.

Last cycle I made one of my biggest purchases yet, considering the price was so low. And I am stoked to announce that the APY rewards are now back up to 145% ! Plus with all the info free to the public, This cycle APY will probably pay out closer to 180% - 200%

If you look at the official staker class, it has drastically decreased. Mostly because of the price decline of the coin. Also, considering MIA is relatively new, and was coincidentally most popular when BTC was at 69k. It's safe to say that MIA trades in relation to the whole crypto market. And with BTC hovering around 42k, I wouldn't be surprised if we saw a bounce in the near future.

With MIA's market cap so low, BTC at extremely low new local levels, and STX killing the game by holding huge high's despite the huge drop in overall crypto space. I think the future is very promising with MIA. I have multiple bags staked for the long term, with all the interest I have already made, I am still in profit despite the lows. And now with the rise in APY, I think these next few months of interest are going to be huge!

In my opinion, The best place to buy & stake your MIA is on OKcoin Everything is automatic and easy.

Use this LINK and You won't be disappointed. Please feel free to DM me if you have any questions. I am always answering DM's within 12 hours and have been in the STX fam since MID 2020.