Whitepaper 1.0
  • ABOUT AKITAVAX
  • The Basics
    • AVAVERSE
    • ECOSYSTEM
      • Swap
      • Staking
      • Akitapad
      • Liquidity
      • Pools
      • Farms
    • TOKENOMICS
      • Vesting Strategy
      • Funding Allocation
      • Token Description
    • ROADMAP
  • Publishing & Contents
    • Introduction of Akitavax
    • About Ecosystem Tokens
    • The Website 1.0 Beta
    • Thanksgiving Special Give Away!
    • Starting Exchange on AKITAVAX
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On this page
  • How to Stake Tokens on AKITAVAX
  • How to Unstake Tokens on AKITAVAX
  • How to Withdraw Staking Reward
  1. The Basics
  2. ECOSYSTEM

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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Last updated 3 years ago

What Is Crypto Staking?