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CHAIN Staking

Learn about the first version of Staking CHAIN token currency instructions.

Overview

Using the Stake CHAIN token's feature, users are able to earn more CHAIN token. To accomplish this, you should pay attention to the minimum stake in the contract of the CHAIN token. You should be aware beforehand that you will have this amount of tokens. Eventually, Zentachain may change the minimum stake for CHAIN tokens. There is no maturity or epoch lock in the Zentachain contract, so users who withdraw their tokens are not isolated as in other staking contracts. As a result, the user is fully in control of when they want to stake and un-stake there CHAIN's.

Minimum

The minimum amount refers to the minimum number of CHAIN tokens that you need to stake in order to participate in the staking program. This minimum amount is typically specified in the Zentachain contract and may vary over time.
At the launch of the CHAIN tokens, the minimum amount may be set to 1000 CHAIN tokens. This means that in order to participate in staking, you will need to purchase and stake at least 1000 CHAIN.

Example: Increased Market Min Staking Amount -

MIN.Amount.CHAIN

Example: Decreased Market Min Staking Amount +

MIN.Amount.CHAIN

Stake

Staking refers to the process of placing a certain number of CHAIN tokens into a stake in order to participate in the decision-making process and potentially earn rewards. To stake your CHAIN tokens, you will typically need to use the decentralized application (DApp) or interface provided by Zentachain.
On the Zentachain platform, staking can be done through the staking dashboard, which is available through a web3 wallet such as Metamask, Trustwallet, Brave Wallet, or MEW Wallet. Before you begin staking, it's important to make sure that you have purchased the minimum amount of CHAIN tokens required to participate in the staking program. This minimum amount may vary and can be viewed in the dashboard overview.
Once you have the necessary amount of CHAIN tokens and have accessed the staking dashboard, you can begin the staking process by following the prompts and instructions provided. Keep in mind that staking your CHAIN tokens will trigger the reward process immediately, so you can start earning rewards as soon as your stake is confirmed.

Rewards

Rewards refer to the payment that you receive for participating in staking. In the context of Zentachain, rewards are typically paid out in the form of additional CHAIN tokens, and the amount you receive is based on a number of factors, including the amount of CHAIN tokens you have staked, the overall level of engagement and commitment within the community, and the specific terms and conditions of the staking program.
According to Zentachain's mechanism, stakers can expect to receive an annual percentage yield (APY) of 10%. This means that if you stake 1000 CHAIN tokens, you can expect to receive 120 CHAIN in rewards per year. However, it's important to note that the APY can change over time, and stakers may receive more or less depending on a variety of factors.
For example, if the minimum amount of CHAIN tokens required to participate in staking decreases, the APY may increase. For instance, if the minimum amount decreases to 900 CHAIN tokens, the APY may increase to 15%. This can be a good incentive for stakers to maintain a higher stake in order to potentially earn more rewards.
It's worth noting that the specific terms and conditions of the staking program may vary, so be sure to review the details and requirements carefully to understand what you can expect to receive in rewards.

Claim Rewards

Claiming rewards refers to the process of receiving payment for participating in staking. When you stake your CHAIN tokens, you may be eligible to receive rewards in the form of additional tokens. To claim these rewards, you will typically need to follow a specific process, which may involve accessing a designated interface or submitting a request to the network. On the Zentachain platform, you can claim your rewards by going to the "Payouts" page and selecting the "Claim Rewards" option.

Unstaking

Unstaking, also known as unstaking or withdrawing, refers to the process of removing your CHAIN tokens from a stake in order to access them and potentially claim any rewards that you have earned. When you unstake your tokens, you will no longer be eligible to participate in the decision-making process or receive any further rewards.
To unstake your CHAIN tokens, you will typically need to follow a specific process, which may involve submitting a request to the network or using a designated interface.

Compound

Re-staking, also known as compounding, refers to the process of adding unclaimed rewards to your current stake amount, rather than claiming the rewards and then staking them separately. This can be a convenient way to increase your stake without having to go through the process of unstaking and then staking again.
For example, if you have staked 1000 CHAIN and receive 10 CHAIN in rewards, you can choose to re-stake the 10 CHAIN rather than claiming them and then staking them separately. This would increase your total staked amount to 1010 CHAIN.
Re-staking can be a useful strategy for maximizing your rewards and increasing your overall stake.

Annual Percentage Rate

The APR is an annual percentage rate (APR) is the real rate of return earned on an investment, taking into account the effect of compounding interest. CHAIN tokens will enter the market in 2023 with an APR of 10%. The APR will be changed by Zentachain even if the market is rising or falling. Below you can see some examples.

Example: Increasing Market APR +

APR CHAIN TOKEN

Example Two: Decreasing Market APR -

APR CHAIN TOKEN

Total Staker

By using the "Total Staker" function, you can get a sense of the overall level of engagement and commitment within the community by seeing how many wallets are currently participating in staking.

Check Staker

By using the "Check Staker" function, you can quickly and easily see whether a particular wallet is staked or not. This can be useful for a variety of purposes, such as determining whether a specific wallet is eligible for certain benefits or privileges.

Total Staked

"Total Staked" refers to the total number of CHAIN tokens that have been placed into a stake. This function allows you to see the current amount of CHAIN tokens that have been staked, which can be useful for understanding the level of engagement and commitment within the community.

Start Staking CHAIN

This guide is designed to make it easy for you to understand how staking works and how to get started without having to worry about any technical details.
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