From now on, GMT Token staking is available.
Staking is a chance to passively earn for owning and blocking (holding) your tokens for a set time frame.
We offer our users two options:1.
Fixed Staking: Users' tokens are blocked for 3 months at 20% per annum (APR). The annual interest rate is fixed and holders receive a guaranteed one-time profit in GMT tokens immediately after the staking closes.
2.
Flexible Staking: Users' tokens are blocked for 3 months at a floating percentage. Throughout the entire staking period, users make a profit in BTC every day after investing. The interest rate in flexible staking depends on a lot of factors, such as mining equipment market peculiarities, mining complexity, BTC price, and the general market conditions for cryptocurrencies.
To start staking holders must open and close a position themselves on the GMT Staking page to receive income from staking.
Launching the staking option does not change anything for those GMT token holders who purchased them earlier. Your tokens will still mine BTC. But you can also try out the staking procedure and compare the profitability of the two.
The main source of GMT's income from the blocked funds is the use of these assets as collateral to purchase new equipment and receive daily income from mining. More blocked funds equal more opportunities for the firm to expand, benefitting both the token rate and growth of the company.
Ensuring maximum security of your "frozen" tokens is essential to us, so our product doesn't imply working via Proof-of-Stake, but is based on smart contracts (ERC-20 protocols). Profit is guaranteed by the GMT token staking smart contract code. Our company can't influence the course of blocked funds, burn blocked funds, or change the interest rate for already blocked deposits after you lock your tokens.
Read more information about staking here.
