Earn a fortune through Staking!
Introduction To Staking
Staking is one strategy that can generate passive income. A user deposits coins for a fixed period of time to earn interest. The tokens are held in staking contracts to give users passive income and the token’s utility. How does it work?
Staking is an approach to earning interest in a digital world by depositing cryptocurrency for a proper timeframe. It works along these lines to generate revenue with traditional banks.
Conventional banks pay revenue because the bank involves your assets for things like advances and speculations. In marking, your digital money is put to use also. The term marking alludes to the Proof Of Stake or “PoS” convention, in which stored coins are utilized to confirm exchanges on the blockchain.
Verified transactions become new blocks on the blockchain. Whoever participates in successfully creating a new block is rewarded. For cryptocurrencies that support staking, proof of stake is necessary for that process.
Staking AURA
A user can stake its ERC20 tokens into the contract. Anyone can purchase these ERC20 tokens through the DEX tool. The process will give back a percentage of $AURA in return as a reward. The APR in this project is static that will be initialized when deploying the contract. The APR can be changed from the defined function. A user can claim its reward at any time, but the locking period will be definite. The system will calculate the claim per second; the user can’t withdraw its deposits before the expiry time. The APR is set at 30%, which will be initialized when deploying the $AURA staking contract. The allocation of reward is 5 million, which can be changed later in case ever needed. The time period can be within 14 to 365 days. In order to buy $AURA, you can just visit the link below.
https://www.dextools.io/app/ether/pair-explorer/0xbddd3a50bd2afd27aed05cc9fe1c8d67fcaa3218
Benefits of $AURA Staking
- Long-term assets generate rewards
- Contributes to security
- Increases efficiency of the project
- Attack resistant blockchain
- Stronger Process Transactions
- Governance Tokens for Joining
How does Staking work?
The more cryptocurrency you own, the more coin exchange can bet on your behalf, and the higher the potential benefits. The quantity of $AURA you have in your wallet determines the number of rewards you receive. Some protocols allow asset owners to earn incentives using Proof of Stake, which means you can earn rewards just by maintaining a minimum balance.
$AURA Staking Pool
Multiple users join a staking pool to pool their processing resources and improve their overall staking power, increasing their chances of collecting rewards. The increased computational capacity allows the Proof of Stake (PoS) technique to verify and authenticate more blocks, increasing the total amount of dividends a staking pool can earn.
For the $AURA staking, we have yet to move to another pool. The one we have right now includes a market cap of 5 million. The liquidity pool is Uniswap v3.
$AURA Utility System
For more information on Dragons of Midgard, check out the Whitepaper from the link below.
Whitepaper
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