💰Staking rewards
Ordinal Bitcoin has 7,5% of total supply allocated solely for staking purposes. $OBTC staking takes place on our decentralized application. $OBTC token staking is a process in which holders of the $OBTC token can lock their tokens in a smart contract for a specific period of time. By staking $OBTC, holders earn $OBTC as rewards.
Staking $OBTC essentially means that token holders are contributing their tokens to the network's security and operation. In return, they receive incentives, such as additional $OBTC tokens.
The amount of $OBTC earned through staking $OBTC depends on several factors, including the duration of the staking period, the number of $OBTC tokens staked, and the overall network performance. The more $OBTC tokens staked and the longer the staking period, the higher the potential rewards.
Token staking not only allows token holders to earn passive income but also helps to secure the network by encouraging participants to keep their tokens staked. This increased participation and stakeholding contribute to the stability and decentralization of the network.
Before staking $OBTC, token holders need to follow certain procedures defined by the protocol. These procedures often involve connecting their wallets to the staking platform, specifying the amount of $OBTC they want to stake, and selecting the desired staking period. Once the tokens are staked, they typically cannot be accessed or transferred until the staking period ends. Staking pools information can be seen in the following table:
Attention! Emergency withdrawing your tokens has 20% penalty fee.
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