What is Staking cryptocurrency?

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aedanhall
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What is Staking cryptocurrency?

Post by aedanhall » Wed Sep 15, 2021 3:02 pm

If you're looking for what is Staking cryptocurrency? BankX provides you with the BankX Certificate of Deposit (BCD) which is like a traditional bank CD but was designed to allow you to earn a much higher yield. By staking BankX Tokens in the BankX Certificate of Deposit, you earn interest in the form of more BankX Tokens. The longer you stake, the more interest you earn.

The more you stake, the more interest you earn. This economic strategy, inflation paying interest for staking, incentivizes the staking of BankX Tokens, reducing the supply, which is designed to allow BankX Tokens to increase in value over time. Staking always outpaces the interest paid by inflating the BankX Token.

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