An Introduction to Avalanche Staking
Greater Opportunity For Crypto Earners To Earn More Crypto Assets with a Fully Decentralized, Trustless, Audited And Open To All Platform Launching Soon on DeFi.
What is Proof-of-Stake (PoS) and how is this different from Proof-of-Work (PoW)?
Before introducing what is staking, we decided to do a quick reminder about what are Proof-of-Stake (PoS) and Proof-of-Work (PoW), the two most famous ways to validate blocks in a blockchain.
Proof-of-Work: It’s a consensus mechanism that is used to decide which user is eligible to create a block. For an actor to be elected as a leader and choose the next block to be added to the blockchain they have to find a solution to a particular mathematical problem.
For example, Hashcash Proof-of-Work is used in Bitcoin mining.
To participate in the network and earn mining rewards, miners need computing power using CPU, GPU, FPGA or ASICs which is expensive and energy consuming.
Proof-of-Stake: Recently, an alternative to PoW has been making many headlines, as Ethereum is planning to make a transition (Casper) this year from PoW to PoS.
Proof-of-Stake is a method for determining which users are eligible to add new blocks to the blockchain, and thus to earn rewards. Using this method, you don’t need lots of computing power and energy but only need to hold some token and stake them.
What is Staking?
So as you understood, by using Proof-of-Work you can earn mining rewards and with Proof-of-Stake cryptocurrencies you can earn staking rewards also called minting rewards.
Basically, the block proposers are not selected by solving mathematical problems but depending on the size of their stake, i.e. how much coins they own. A number of your coins are used for staking and you get a certain percentage of your coins as a reward.
What is APR?
In staking crypto-currency, users are always keen to the most secure, efficient, highest-income-guaranteed investment route. APR, Annual Percentage Rate, is the most intuitive, important key element in staking because it presents how much interest a user would receive for the bonded asset in one year.
Earn the handsome yield on your DeFi assets through stake algorithm up to (900%) APR with Avalanche Stake platform.
Staking Rewards
Avalanche Stake enables users to stake any amount of Avalanche native tokens through an intuitive interface to earn a share of validator rewards. Users do not need to run validator nodes.
Avalanche Stake Platform shares 4 types of unique rewards for Stakers and Non-Stakers.
- STAKING REWARDS
These are the staking rewards which will be generated and shared among the stakers as per their staking shares. Rewards will be shared as per Avalanche blocks mine, stakers can claim their rewards anytime.
- AFFILIATE COMMISSION AMONG UNIQUE 3 LEVELS
- INCOME PROOF SHARING REWARDS (ON NUMBERS OF SHARING)
The income proof sharing reward is an unique reward which is designed by only Avalanche Stake in the crypto industry.
Avalanche Stake has this unique feature so staker can get rewards by sharing his statement of rewards everyday.
Staker will receive $1 value AVAX per share. Staker can share maximum 20 shares per day.
- PROMOTIONAL REWARDS (SOCIAL MEDIA) FOR STAKERS AND NON-STAKERS
Avalanche Stake will share an another unique reward based on promotional posts on social media. There are many types of promotions one can create like videos, articles, posts, presentations etc. and post and share over online medias like
- Telegram
- Discord
- Quora
- Slack
- Medium
And many more…
With PoS, you retain full ownership of your tokens while staking, and validators cannot send or transact with your tokens under any circumstances. You are responsible for keeping your own tokens secure and you keep custody of your funds.
Visit and review : avalanchestake.com
