Bits Token Staking Dynamics
Last updated
Last updated
The Bits token also offers additional earning opportunities through staking. By staking Bits tokens, users can earn additional rewards, with rates varying based on the chosen lock-up period. Staking involves locking tokens in a smart contract for a specified duration in exchange for an annual return in additional Bits tokens. The staking rewards are structured as follows:
1-Month Staking: Provides a return of 20% per annum. This option is ideal for those seeking higher liquidity and a shorter commitment period.
6-Month Staking: Offers a return of 35% per annum, balancing between a moderate lock-up period and a higher return rate.
1-Year Staking:Guarantees a return of 68% per annum, maximizing earnings for those willing to lock their tokens for an extended period.
Rewards are calculated proportionally to the staking period and the amount of Bits tokens deposited. This mechanism not only strengthens the value and stability of the Bits token but also provides participants with a means to increase their token holdings within RabbitSwap.