Staking
Last updated
Last updated
What is staking?
Staking is a way of earning rewards for holding certain cryptocurrencies. StocksFC uses internal staking to add funds to the reward pots and grow them over time.
Staking requires us to lock away a portion of our funds and allows us to generate a monthly yield reward. 10% of funds that arrive in the StocksFC development and operations wallet are sent to our staking wallet. (We don't stake funds from other wallets).
The amount of funds in the staking wallet will always grow, meaning the funds that we add to the reward pots from the staking yields will be higher each year.
This means that in the future, it is likely that staking yields will become the main source of funding for the reward pots and the platform will gradually become less reliant on trading and IPO commission as time commences.
We will never take funds out of the staking wallet. This means that the size of the wallet is always growing - meaning that the yield will be higher and the amount that enters the reward wallets from the staking wallet will also increase over time.
As the platform grows staking will provide a permanent and sustainable income source to the reward wallets, and the amounts generated will become higher than the reward funds generated from IPO sales and trading commissions.
