Staking HASH: How does staking work and how do I participate?

First, what is HASH? HASH is Provenance Blockchain’s native utility token, and simply put, it’s used to pay transaction fees and enable governance on the blockchain.

The Provenance Blockchain is a public Proof-of-Stake (PoS) blockchain, meaning that the weight of validators (someone who verifies transactions on the blockchain) is determined by the amount of staking tokens bonded to them as collateral. HASH is bonded to a validator by HASH holders delegating HASH to the validator, creating a “staking pool.”

Staking enables HASH holders to earn rewards for helping secure the network. The reward is in the form of additional HASH. This additional HASH is automatically earned from the validator, when the validator receives revenue for completing tasks on the blockchain. The revenue is split between the validator and their participating delegates. Set as a percentage, the validator has the ability to apply a commission on the part of the revenue that goes to the delegators. Visit our FAQs for more details on staking.

Two options available for staking HASH are:

• Directly on Provenance. Available to all HASH token-holders, a step-by-step guide will walk you through the process of using your wallet to directly stake HASH on Provenance Blockchain.
• Anchorage Digital. Anchorage is the institutional banking custodian of HASH holdings, and also provides institutions such as venture capital firms, hedge funds, family offices, and others the ability to stake HASH with the added benefit of regulated, secure custody. HASH holdings never leave the security of the Anchorage platform. Visit Anchorage to speak with one of their representatives.

If you’re interested in becoming a HASH holder, please visit the decentralized exchange on Provenance Blockchain (www.dlob.io). A step-by-step guide walks through how to purchase on the decentralized exchange.

This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any digital assets from Provenance Blockchain Foundation Inc. or any of its subsidiaries, and should not be relied upon to make any financial decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.