The Matic Network has started testing Matic Token Stacking along with its MENNET. What is stacking, how can you stack your Matic Token and what will be the benefits in this time.
What is stacking?
In crypto technology, a transaction is verified in two ways, Proof of Work which is used by Bitcoin and Ethereum and it requires mining. The other technique is called Proof of Stake which is going to be used to matic. Is and Ethereum is also starting to use it very soon. There are two ways you can participate in the stocking 1.Validator 2.Stake Holders
- Validators - These are people, companies or groups that are technically skilled and have technical training as well as entries on the blockchain, all the necessary tools to verify transactions, and software. These groups or companies use, operate and maintain computer nodes to validate transactions. Instead of doing this, they earn from the fees received in transactions.
2.Steak holder - A stake holder is one who possesses or may have knowledge of a limited amount of crypto but does not want to spend much money, time and resources. Such a person can steak his coin with a validator. For this, they do not require a complete node, rather they can be staked only through a wallet. Here, the stake holder keeps getting a quantum benefit from Validator in lieu of their stacking. Information of the Matic Steak is taken from this video May go.
Matic stacking
Sticking of the Matic network is going live from June 29 where you can stack your Matic token with the validator of your choice, in return for which you will continue to earn profits at every checkpoint.
This is a great chance to stack your tokens.
Today, for staking Ethereum, we need at least 32 Ethereum, which is close to five and a half million rupees, while talking about Matic, there is no minimum limit of steak here and good income by stealing with less money. Can take.
Some important information related to stacking.
Query-In how much time can the steak token be removed. Answer - The steak token you make can be withdrawn anytime after 21 days. In the future, it will also get the facility to withdraw immediately. If you are thinking about stacking of Matic Token, then invest the capital whose You do not need soon because this opportunity will not be available again and again if you feel that you may need this money anytime.So do not invest it. The test has seen a profit of 1% in a day, although it is not fixed and it may be more or less on real stacking but traditional investments like banks, FDs or any other investments. This investment will benefit more.
Question- What is the time period of stacking?
Answer - The stacking of the Matic Token that you will do will continue until you remove it, that is, after stepping once, it will continue to give you benefits throughout your life as long as you want.
Staging of Matic is starting on June 29 and we will continue to give you every information related to it. If you have any questions or queries related to the stacking of Matic, then you can ask us.