Earn rewards by staking coins
TNX Staking is a flexible staking contract for ERC-20 tokens.
Simple, secure and dynamic. The Token Network way.
Staking on TNX Network
TNX Network’s public blockchain is PoS based – Fair Leased Proof of Stake. Anyone can become a validator and share the non-inflationary network rewards, supporting the next wave of adoption!
You can set up your own node or lease to a community node. Your APR depends on your stake share and the transactions in the network.
Follow steps here to participate on POCM platform.
What is Staking?
Staking is the process of holding funds in a cryptocurrency wallet to support the operations of a network. Participants are rewarded for depositing and holding coins, with constant guaranteed time-based returns. Rewards are calculated based on staking time: the longer you stake, the more you earn.
What is Proof of Stake?
Popular coins like Bitcoin are proof of work, meaning they’re generated by using machines competing to solve complex equations to “mine” coins. Proof of stake works differently by choosing from a pool of people holding the PoS coin. A proof of stake “validator node” can be added to the pool by staking coins for a certain period of time. The benefit of this is it removes the need for powerful computers to mine coins and it gives PoS validators a more reliable, arguably fairer source of income.
What are staking rewards?
SCO allows for the tokenization of crypto assets and uses public chain tokens, such as NULS, to issue consensus rewards to token holders who stake into SCO nodes. Stakers earn the tokenized assets instead of NULS, and depending on the project, rewards can be distributed as a mix of the two or only one of these.