STAKING PROTOCOL

Simple staking ( COMING SOON )

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Last updated 1 month ago

STAKING PROTOCOL

Simple staking ( COMING SOON )

Staking Protocol

The NOMBER staking protocol is designed to incentivize users to lock their tokens into the network for various durations, earning rewards based on the length and amount of their stake. The protocol operates using a dynamic staking model that adjusts rewards based on network conditions, token supply, and overall market performance.

Key Features of the Staking Protocol

Flexible Staking Periods: Users can choose from multiple staking periods—short-term (weeks), medium-term (months), or long-term (over a year). Each staking period offers different reward rates to incentivize long-term staking.
Compound Rewards: Rewards are automatically compounded into the user’s staking balance, allowing for exponential growth of staked tokens over time.
Unstaking Penalties: Early unstaking results in penalties to discourage short-term speculation. The penalty reduces over time, rewarding long-term participants with better yields.
Reward Distribution: Rewards are distributed regularly, either on a daily, weekly, or monthly basis depending on the staking duration chosen by the user. The staking rewards come from a combination of transaction fees, protocol profits, and inflationary incentives tied to the NOMBER token’s supply model.
Security and Audits: The staking protocol will undergo rigorous third-party audits to ensure security, transparency, and protection against malicious actors. User funds will be stored in secure smart contracts that are protected from vulnerabilities.

Benefits of Staking:

Passive Income: Participants earn staking rewards on their locked tokens, creating a continuous stream of passive income.
Increased Governance Power: Staked tokens will provide voting power in the NOMBER DAO, enabling users to participate in decision-making processes related to protocol updates, tokenomics adjustments, and other governance proposals.
Protocol Security: Staking helps secure the NOMBER network by encouraging users to lock their assets, reducing circulating supply and adding a layer of security to the ecosystem.

PreviousBENEFITS OF NOMBER DAO NextFARMING PROTOCOL

Last updated 1 month ago

Staking Protocol

Key Features of the Staking Protocol

Flexible Staking Periods: Users can choose from multiple staking periods—short-term (weeks), medium-term (months), or long-term (over a year). Each staking period offers different reward rates to incentivize long-term staking.
Compound Rewards: Rewards are automatically compounded into the user’s staking balance, allowing for exponential growth of staked tokens over time.
Unstaking Penalties: Early unstaking results in penalties to discourage short-term speculation. The penalty reduces over time, rewarding long-term participants with better yields.
Reward Distribution: Rewards are distributed regularly, either on a daily, weekly, or monthly basis depending on the staking duration chosen by the user. The staking rewards come from a combination of transaction fees, protocol profits, and inflationary incentives tied to the NOMBER token’s supply model.
Security and Audits: The staking protocol will undergo rigorous third-party audits to ensure security, transparency, and protection against malicious actors. User funds will be stored in secure smart contracts that are protected from vulnerabilities.

Benefits of Staking:

Passive Income: Participants earn staking rewards on their locked tokens, creating a continuous stream of passive income.
Increased Governance Power: Staked tokens will provide voting power in the NOMBER DAO, enabling users to participate in decision-making processes related to protocol updates, tokenomics adjustments, and other governance proposals.
Protocol Security: Staking helps secure the NOMBER network by encouraging users to lock their assets, reducing circulating supply and adding a layer of security to the ecosystem.