ParamountDax Staking

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What is staking reward?

You can start to earn rewards when you stake cryptocurrencies and fiat for a period of time as an incentive to acquire and hold onto staking different assets. Some staking coins may require a bonding period. To start earning staking rewards, just select the asset you wish to stake and once it has finished bonding, it will be ready to for staking and earning your rewards 2 time a week from the crypto Proof of Stake process.

Which does Proof of Stake mean?

Popular and famous crypto coins like Bitcoin are proof of work, meaning they’re generated by using machines competing to solve complex equations to “ mine ” coins and digital assets. Proof of Stake works differently by choosing from a pool of people holding the Proof of Stake coin. A Proof of Stake “validator node” can be added to the pool by staking coins for a certain period of time, giving Proof of Stake validators a source of income without a needing of a powerful mining hardware.