What is staking?
Staking is a feature unique to blockchain, allowing you to earn interest on your crypto by locking up your holdings. It’s similar to holding funds in a savings account. The more you stake, and the longer you do so, the more you’ll earn in interest. Staking is a vital part of supporting the network, so rewards are provided to incentivize users.
How does staking work?Staking is a mandatory part of blockchain networks running the Proof-of-Stake (PoS) consensus method. PoS relies on individuals becoming validators by staking tokens. Those who stake the most tokens become validators and are given voting rights for governance on the network. Validators are essential for confirming transactions on a PoS network.
The benefits of stakingYou can earn interest on your staked cryptocurrency while also supporting the networks you care about. Staking ensures better network security, transparency, and more.
Where does the interest come from?At Belco, we utilize staked funds to grow our network. We pay rewards out at a 12% annual percentage yield. Minimum hold requirements are just one day, but users must lock in their assets for 21 days to earn.
How to stake CATM?
- Deposit some amount of coins supported by our app(e. g. Bitcoin)
- Swap them to CATM coin.
- Select the amount and click Create Stake. Make sure you have enough ETH to pay the transaction.
- After certain period of time you can cancel the staking by click Cancel Stake. The rewards will be calculated per days between created date and cancel date. After canceling the funds will be locked for 21 days. Make sure you have enough ETH to pay the transaction.
- After 21 days you can withdraw your staked amount + hold days rewards by clicking Withdraw Stake. Make sure you have enough ETH to pay the transaction.