What is Staking?

2 weeks ago

Staking means holding funds in a cryptocurrency wallet to support the functionality of a blockchain network. Typically, you lock a balance of cryptocurrency for a period and receive rewards. The concept of staking can also relate to the Proof of Stake (PoS) mechanism: blockchains based on PoS (or one of its many variants) often include a staking mechanism.

In Elitium’s case, users receive up to 6.5% rewards per year — simply for depositing and holding a balance of EUM in their staking wallet.

Start staking EUM today in your Dashboard (or create your account now).