Staking

What Is Cryptocurrency Staking?

3 years ago

Cryptocurrency staking means holding funds in a designated wallet to support the functionality of a blockchain network. Typically, you lock a balance of cryptocurrency for a period and receive rewards.

Earn Rewards On Crypto With Staking

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 for depositing and holding a balance of EUM in their staking wallet.

If you want to earn staking rewards: you can start staking EUM today in your Dashboard (or create your account now).