At GoldeNugget, we always study how to improve and adjourn ourselves with the new developments that occur in the Crypto Industry, not forgetting we are in real manufacturing and trading business for profit and having our GNTO Token holders benefit from it. We have therefor decided to Launch our first Staking Event which will be retributed in USDT making it one of its kind.
Before that, we however need to explain what a Staking Event is, examine and distinguish the difference between a token staking event and a token staking event that rewards participants with USDT.
What is a Staking Event?
In the world of cryptocurrencies, a token is a unit of value that is created and managed on a blockchain network. Token staking is a process that allows holders of a particular token to lock up their tokens for a certain period of time, in order to earn rewards in the form of additional tokens or other benefits.
When you stake your tokens, you essentially hold them in a wallet or a smart contract, which is connected to the blockchain network. By doing so, you are helping to secure and maintain the Token, and in return, you receive staking rewards.
The amount of rewards you receive depends on a number of factors, such as the amount of tokens you stake, the duration of the staking period.
Token staking can be a great way to earn additional tokens, while also contributing to the stability of the Token.
Overall, token staking is a way for project owners to bring finance the project so to develop and grow, while also holders earn rewards for their participation. It can be a great option for those who believe in the long-term potential of a particular token and want to play an active role in its success.
What is the difference between a token staking event and a token staking event that rewards participants with USDT?.
Token Staking Event
- In a token staking event, participants typically lock up a certain number of tokens for a set period of time in order to earn rewards in the native token.
- The rewards earned can vary depending on the network and the staking program, but they are usually paid out in the native token.
- Participants must be comfortable with the volatility and of the native token, as the rewards earned can fluctuate significantly based on market conditions.
- Participants must be comfortable with the liquidity of the native token, as the rewards earned could be exchanged to other Crypto currencies; however, low liquidity could make it hard or almost impossible to be exchanged.
Token Staking Event Retributed in USDT
- In a token staking event that rewards participants with USDT, participants also lock up a certain number of tokens for a set period of time in order to earn rewards.
- However, the rewards earned are paid out in USDT, a stablecoin that is pegged to the US dollar.
- This provides stakers with a more predictable and stable source of income as there is no risk of volatility, the value of the rewards earned remains relatively constant over time.
- Participants are less exposed to the volatility of the native token, which can make this type of staking event more appealing to investors who are more risk-averse.
Overall, a token staking event that rewards participants with USDT can provide stakers with greater stability, predictability, and diversification compared to a token staking event that pays out rewards in the native token of the network. However, participants may receive a lower yield compared to a native token staking event in exchange for the reduced risk.
GNTO Staking Event!
In our business model, we use Crypto to generate income and volumes in real life manufacturing and trading industries, we are therefore adding value to our GNTO Token and are able to share our outcome.
The GNTO Staking event will be a first of its kind, in fact it will be hosted and managed directly by Probit Exchange and will have payouts in USDT.
The Staking Event Rewards!
Lock your GNTO Token for 30 days, you will receive 4% return in USDT directly on your Probit Account.
Lock your GNTO Token for 60 days, you will receive 9% return in USDT directly on your Probit Account.
Lock your GNTO Token for 90 days, you will receive 15% return in USDT directly on your Probit Account.
Guarantees!
The USDT return will be locked at Probit Exchange and will be released directly to the clients’ accounts at maturity date with the GNTO Tokens.
