Staking
In the first phase, two types of stake pools will be offered. Both $AKITAX and $XAKITA tokens can be earned with apy rates determined periodically by staking $AKITAX token. On the other hand, by staking the $XAKITA token, more $XAKITA tokens can be earned with an apy rate determined periodically. At the same time, by staking the $XAKITA token, getting an allocation to join new projects launched on Akitapad will be gained over the ratio of the $XAKITA token accumulated in the pool to the staked $XAKITA token.
How to Stake Tokens on AKITAVAX
Go to Staking page.
Connect to your Metamask wallet via the connect wallet button top right corner of the page.
Fill the amount with how many $AKITAX or $XAKITA tokens you want to stake.
Click the Stake button.
Approve the staking action on your Metamask wallet.
How to Unstake Tokens on AKITAVAX
Go to Staking page.
Connect to your Metamask wallet via the connect wallet button top right corner of the page.
Fill the amount with how many $AKITAX or $XAKITA tokens you want to unstake.
Click the Unstake button.
Approve the staking action on your Metamask wallet.
How to Withdraw Staking Reward
Go to Staking page.
Connect to your Metamask wallet via the connect wallet button top right corner of the page.
Click the Withdraw button.
Approve the withdrawal action on your Metamask wallet.
Staking is an activity where a user locks or holds his funds in a cryptocurrency wallet to participate in maintaining the operations of a proof-of-stake (PoS)-based blockchain system. It is similar to crypto mining in the sense that it helps a network achieve consensus while rewarding users who participate.
In staking, the right to validate transactions is baked into how many coins are “locked” inside a wallet. However, just like mining on a PoW platform, stakers are incentivized to find a new block or add a transaction on a blockchain. Apart from incentives, PoS blockchain platforms are scalable and have high transaction speeds.
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