Stake your LPADs

Did you know that there is a low-energy, easy-to-access mechanism that allows you to make money with your crypto-currencies? This mechanism is called staking and does not require any equipment or special knowledge.

With staking, you just need to hold crypto-currencies in a wallet in order to be paid by the network and thus earn passive income.

But how does staking work? How do you stake crypto-currencies? And above all, where can I do staking?

What is crypto-currency staking ?

Staking is the act of immobilizing one's crypto-currencies in a smart contract in order to participate in the operations that take place on a blockchain. Staking is similar to mining in the sense that they reward users for participating in the security of a decentralized network. You will thus store your crypto while enjoying benefits.

Our staking uses the Proof of Stake (POS)

The Proof of Stake (POS) Sunny King and Scott Nadal, two developers, came up with a new consensus algorithm, the Proof of Stake (PoS). In this mechanism, participants lock their tokens. The protocol then assigns the right to validate a block randomly to one of the participants. In PoS, the probability of being chosen to validate the block is proportional to the number of locked tokens. Thus, the more locked tokens the user has, the more likely he is to be chosen to validate the transaction.

PoS thus allows for the production of blocks without the need for mining. While mining requires a large investment in hardware and time, PoS simply requires an investment in a crypto-currency. Instead of competing to validate a block, participants in a PoS-based network are selected based on the number of tokens they stake. This stake encourages participants to maintain the security of the network because if they fail in their mission, they can lose everything. Indeed, an error in the validation of a transaction leads to a penalty and the total or partial destruction of the tokens put into play.

In concrete terms, staking consists of buying a crypto-currency and then keeping it in an appropriate wallet. Thus all the people who participate in securing the network are rewarded for this.

At Erd Launchpad we have our own smart contract that allows the staking of our Token : LPAD-84628f, it is very easy to use.

You have 3 possibilities to connect : Elrond Web Wallet / Maiar Browser Extension / Maiar Mobile App

You can now stake your $LPAD directly on our website! https://erdlaunchpad.com/stake

Informations about the staking:

The APR is set to 1,000% for 1 month (since 01/06/22) after it will be 500% for 2 weeks

APR: 1,000%

Minimum: 10,000

Claim cooldown: 3

Hours Undelegation period: Any