Staking
Staking serves a vital dual purpose in the StackSwap platform. Firstly, it enhances the network's security, as it employs a proof of stake consensus algorithm. Secondly, it enables users to earn passive income, which increases proportionally with the amount they stake. To earn free tokens on StackSwap, users can stake their STACK tokens in the Stake Section. There will be two types of stake pools available:
Regular Stakes, where staking STACK tokens results in earning rewards in STACK token
VIP Stakes, where locking up STACK tokens for 3/6/9/12 months yields greater rewards than regular staking
Furthermore, staking to a certain level also unlocks an additional Stackswap NFT reward. The deposit fee will be utilized to buy back and burn $STACK, thereby reducing the overall supply in circulation and increasing the price for existing holders.
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