Staking is the transaction validation process. It is similar to block chain mining, but in the form of PoS or Proof-of-stake. This is a check in the form of depositing coins or tokens as a guarantee to receive dividends in proportion to the invested stake.
Staking is the allocation of tokens that are used to verify transactions made over the blockchain. The PoS protocol consumes very little power, because it doesn’t require a lot of mining machines as PoW or Proof-of-work systems.
The return from staking comes in the form of a % or interest paid to the investor. The dividend rate will vary depending on the network or the requirements of each platform including supply and demand.
How does the staking system work ?
Investors need to purchase a certain amount of tokens or coins on the network or platform they wish to invest in. Staking can only be done on networks that support PoS protocols to hold the coin, follow the steps specified by the developers of each network.
Most staking transactions can be completed within minutes by following the instructions of your wallets. The more chances that those coins will be used, and the longer you stake, the more APY you will receive. Or more dividends. Staking is classified as passive income that doesn’t require much effort.
MegaMoon has a Staking Pools called the MegaMoon Dealer system, which means a group of coin holders pooling their resources. to increase the value of the prize pool It will receive profits from those who did not win the lottery and receive a 5% share of jackpot winners.
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