Staking - LQR Pool BKEX Global
Introduction
Staking in crypto is similar to save money in a bank, but different of them is in exchange, earns rewards, or "interest." staking causes locked the tokens out of circulation for a specified length of time and refer to the delegating of tokens to the governance model. A special protocol locks up an investor's holdings — similar to depositing money in a bank, for the period of time. First, by limiting the supply this can increase the value of a token. In the other hand, the tokens can be used to govern the blockchain. A PoS system — as opposed to a proof-of-work (PoW) one, especially for crypto newcomers which incorporates "mining" — can be fairly complicated.
What does staking do for crypto?
Staking is a way to earn additional rewards by holdings coins. coin holders are rewarded by the network for the use of their assets and allow their crypto to be used as a part of the blockchain validation process.
Is staking worth it crypto?
The first benefit of staking is that you earn more crypto, and interest rates can be very attractive. In some cases, you can earn more than 15% per year.
It's potentially a very flexible way to invest your money, and you need a crypto that uses the proof-of-stake model.
Details (Staking - LQR Pool)
| Pool Name | Min.locked amount of an order | Max.locked amount of an order | Est.APY | Unlocking cycle (Day) |
|---|---|---|---|---|
| LQR Pool | 4,000 | 400,000 | 24% | 30 |
Special notes
-Users locked tokens before 20:00 (UTC+8) on T day: the order will be confirmed on T day, the order will start to calculate the earnings on T + 1 day, and the earnings on T + 1 day will be distributed on T + 2 day.
-Users locked tokens after 20:00 (UTC+8) on T day: the order will be confirmed on T + 1 day, the order will start to calculate the earnings on T + 2 day, and the earnings on T + 2 day will be distributed on T + 3 day.
-Locked period: Flexible unlocking. Users can unlock locked assets at any time.
-After orders enter the unlocking cycle, the staking earnings will no longer be generated.
-Users submit an unlocking order on T day and the order will confirmed and handled on T + 1 day.
-The earning distribution time of Staking is 16:00 ~ 18:00 (UTC+8) every day.
-Staking earnings of this day = the actual total Staking earnings of this day / total Staking locked amount of this day * users' Staking locked amount of this day .
-The mining earnings of Staking are the coin standard earnings, and different mine pools have different unlocking cycles. In addition, due to the possible changes in the mine pool and earnings distribution rules, the yield of Staking may fluctuate, which is not unchangeable.