Staking
Last updated
Last updated
Staking is a core component of our platform, allowing token holders to contribute to network security and operations while earning rewards. Our staking mechanism is designed to incentivize long-term participation and alignment with the platform's success.
To begin accumulating rewards, you'll first need to know that you can only Stake your BTVZ tokens on Ethereum blockchain.
· Flexible Staking Options: We provide multiple staking plans that have different lock-up times and payout rates that suit the unique needs and risk preferences of our community members. Users will be able to stake for up to 30, 60, and 90 days.
· Non-Custodial Staking: Participants have complete control over their staked tokens. Our smart contract-based staking ensures that user assets are protected on the blockchain.
· Automatic Re-Staking: To optimize compounding effects, holders can automatically re-stake their earned benefits, enhancing their future reward potential.
· Decentralized Governance Participation: Staked tokens not only receive incentives, but they also provide voting rights in the platform's governance procedures, allowing token holders to influence development and decision-making.
1. Token Deposit: Users deposit their tokens into the staking contract. The deposited tokens are locked for the duration of the chosen staking plan, enhancing the platform's liquidity and stability.
2. Reward Accrual: Staking rewards are accrued over time, based on the amount staked and the duration of the stake. Our platform employs a transparent reward mechanism that is verifiable on the blockchain.
3. Reward Distribution: Upon completion of the staking period, participants can claim their initial stake along with the accrued rewards. The distribution process is automated and executed by smart contracts to ensure fairness and transparency.
4. Governance Participation: Stakers are eligible to participate in governance votes, with their voting power proportional to the amount of tokens staked. This mechanism ensures that the most invested and long-term oriented community members have a say in the platform's future.
· Stable Returns: Staking provides a steady stream of passive income, with returns typically higher than traditional savings accounts, making it an attractive option for long-term investors.
· Enhanced Security: By incentivizing token holders to stake their assets, our platform ensures a more robust and secure network, resistant to attacks and malfunctions.
· Community Empowerment: Staking democratizes platform governance, allowing the community to steer the project in alignment with collective interests and values.
· Ecosystem Growth: Reinvested staking rewards contribute to the platform's ecosystem, fostering further development, innovation, and adoption.
By providing a secure and user-friendly staking experience, we aim to attract a broad community of supporters who are invested in the long-term success and sustainability of the platform.
