Blockwise
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  1. Blockwise Overview

Staking

PreviousICO - PrivateNextGaming

Last updated 6 months ago

To stake BW tokens and benefit from the staking rewards, users can follow these steps along with the mechanism of benefits they receive:

How to Stake BW Tokens:

  1. Access the Staking Platform:

    • Go to the staking platform provided by Blockwise.

  2. Connect Wallet:

    • Connect your wallet that holds the BW tokens to the staking platform.

  3. Choose Pool:

    • Select the pool you want to stake your BW tokens in based on the amount you hold.

  4. Enter Amount:

    • Enter the amount of BW tokens you wish to stake in the chosen pool.

  5. Confirm Staking:

    • Confirm the staking transaction and wait for it to be processed.

  6. Staking Period:

    • Your staked BW tokens will be locked in the chosen pool for a period of 10 days.

  7. Earn Rewards:

    • During the staking period, you will start earning staking rewards based on the APR (Annual Percentage Rate) of the chosen pool.

Staking Pool Details and Benefits:

  1. Pool 1 - 1000 to 80,000 BW:

    • APR: 28%

    • Benefit: Users staking between 1000 to 80,000 BW tokens will receive an APR of 28%. This means they will earn a 28% annualized return on their staked BW tokens.

  2. Pool 2 - > 80,000 to 240,000 BW:

    • APR: 52%

    • Benefit: Users staking between > 80,000 to 240,000 BW tokens will receive an APR of approximately 52%. This offers a higher annualized return compared to Pool 1.

  3. Pool 3 - > 240,000 to 800,000 BW:

    • APR: 136%

    • Benefit: Users staking between > 240,000 to 800,000 BW tokens will receive an APR of approximately 136%. This pool offers the highest annualized return, providing users with significant rewards for staking a larger amount of BW tokens.

Overall Benefits of Staking:

  • Passive Income: Staking BW tokens allows users to earn passive income through staking rewards without actively trading or participating in the market.

  • Higher Returns: By staking larger amounts of BW tokens, users can benefit from higher APRs, leading to potentially higher returns on their investment.

  • Community Participation: Staking also contributes to the stability and security of the Blockwise network by incentivizing token holders to actively participate in securing the network.

By following these steps and understanding the benefits, users can effectively stake their BW tokens and earn rewards while contributing to the Blockwise ecosystem.

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