🏦Staking
ChartAI is planning to implement a staking model for its native token, $CX, designed to benefit all token holders regardless of the size of their holdings. While further details are yet to be provided, here's an overview based on the information currently available:
Inclusivity for All $CX Holders:
The staking model will be accessible to all $CX token holders, emphasizing inclusivity. This means that regardless of the number of $CX tokens a user holds, they will have the opportunity to participate in the staking program.
This approach encourages broader participation and supports the community as a whole, not just large token holders.
Fluctuating Annual Percentage Yield (APY):
The APY for staking $CX tokens will fluctuate based on the total amount staked on the platform.
This dynamic APY helps in balancing the staking rewards and the overall token economy. It incentivizes early and active participation in the staking program.
Multiple Token Locking Options:
ChartAI plans to offer multiple token locking options to cater to different staker preferences. This might include varying lock-up periods, with different APY rates corresponding to the length of the lock-up.
These options provide flexibility for users, allowing them to choose a staking plan that aligns with their investment strategy and liquidity needs.
Claiming Rewards via a Dashboard:
Stakers will be able to claim their staking rewards through a dedicated dashboard. This user interface will provide information about their staking details, accrued rewards, and other relevant data.
The dashboard is user-friendly and intuitive, making the process of managing staking straightforward for users.
Gas Fees for Claiming Rewards:
Users will be responsible for paying the gas fees associated with claiming their staking rewards. This is a common practice in decentralized finance (DeFi) platforms to ensure the sustainability of the staking program.
The gas fee will depend on the blockchain network's current conditions and the complexity of the transaction.
Staking Rewards Paid in $CX:
Rewards for staking will be distributed in $CX tokens. This not only simplifies the reward structure but also encourages further investment and circulation of the $CX token within the ChartAI ecosystem.
Paying rewards in $CX tokens can also contribute to the token's overall demand and value.
Security and Smart Contract Implementation:
Ensuring the security of the staked tokens will be a priority. This typically involves the development of robust smart contracts to manage the staking process and safeguard the funds.
Regular audits and security checks might be conducted to maintain the integrity and trustworthiness of the staking program.
The ChartAI staking model aims to provide a valuable opportunity for $CX token holders to earn rewards and contribute to the ecosystem's growth. The model's inclusivity and flexibility reflect ChartAI's commitment to catering to a diverse community of users, from small to large investors. Further details and specifics will likely be announced as the program is finalized and ready for launch.
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