Let’s start with the basics - what exactly is staking?
Staking is basically contributing tokens to a pool for a certain amount of time in order to earn rewards in return. In other words: “locking” them to reap some kind of benefits. Its purpose is to secure the stability of the project's token ecosystem and it has a positive impact on the price as it limits the circulating supply. However, it can also serve as a way for investors to prove their involvement and long-term commitment to the project.
Depending on how long a user stakes, at GamerHash they can receive rewards with very attractive Annual Percentage Yield rates — up to 25% when all the pools are full!
Staking is available only on the Binance Smart Chain, so if a user has their GHX tokens solely in the ERC-20 standard, they’ll have to bridge them.
We offer four different options of staking rewards in terms of duration and APR (Annual Percentage Rate):
- STAKE - 5% APR
The plan above has no minimum time period for stake.
- 3 months lock - 10% APR
- 6 months lock - 18% APR
- 12 months lock - 25% APR
For the three plans above user is unable to unstake during the staking period
And for more info, here’s one of our Medium articles that goes over all the details of staking GHX: