Hey friends! Today we will be talking about importance of staking $CC toens and how to stake.
But first, what is CowPark?
CowPark is an NFT Simulation Game (SLG) (BSC). Cow NFT can be obtained via airdrop, mystery boxes, or purchase. NFT cows can also be improved through forage deification, power items, and competitions, among other things. NFT cows can be sold, recycled, and staked on the market for a profit while enjoying an immersive experience.
What is Staking?
Staking allows cryptocurrency owners to put their assets to work and earn passive income without having to sell them. Staking can be compared to placing money in a high-yield savings account in the crypto world.
Reasons why you should stake your CC tokens
- Staking is a feature of the CowPark platform that allows participants with a long-term mindset to lock their CC tokens.
- Players can enjoy CC rewards by staking their CC tokens on the platform.
- The network will use 20% (20 million tokens) of the total 100 million tokens issued as staking rewards. This portion of the tokens will be released in five parts over a five-year period.
The computational power required for mining varies depending on the length of the redemption lockup period. Players can either redeem their committed CC or leave them in the staking pool to continue generating profits after the period has ended. Earnings have the same computing power as during the lockup period.