IBAX is a new blockchain project which presents outstanding features including staking. Here is brief overview of IBAX staking and minting.
Staking is the process where users are able to lock their IBAX coins to participate in consensus and obtain network coins in cooperation with Mint Nodes. When a user activates a Mint Node in the IBAX Ecosystem Wallet, it can lock and stake coins. Coin staking is a behavior and not a physical object such as a node. The locked coins will be used to participate in coin minting and will complete the internal incentive cycle of IBAX Network. Staking serves for the network security and stability and is the operating core IBAX Public Network.
Coin minting is an incentive behavior of IBAX Public Network. Mint Nodes running globally exist independently as distributed servers and provide decentralized services (e.g. network services, social tools) for various ecoLibs. Mint Nodes are one of the core parts of IBAX Public Network. The minting process of Mint Nodes is impossible without coin staking by users. This model is designed to improve the liquidity of the system coin IBXC and to encourage users to run Mint Nodes and provide services for all ecoLibs and ecoGroups of IBAX Network.
Project links :
Website: https://ibax.io
Global Partner Recruitment: https://forms.gle/uahzDWJcU4ifs4zFA/
Whitepaper: https://bit.ly/3fGERao
Twitter: https://twitter.com/IbaxNetwork
Linkedin: https://www.linkedin.com/company/68016504/
Facebook：https://www.facebook.com/ibaxproject
Medium: https://medium.com/@ibaxnetwork