Staking BTTC is an excellent way to put your tokens to work while you wait for the project to mature and the supply to decrease through burns. Here we present a detailed guide on how it works, where to do it, and what returns you can expect.
How Does Staking Work in BTTC?
BTTC uses a Proof of Stake (PoS) model, which means you need validators to secure transactions. By delegating your tokens to these validators, you receive a portion of the network rewards.
Where Can You Stake?
- Option A: Official Staking (Directly on the Network): This is the safest way and the one that helps the network the most. It is done through the BTTC Staking Dashboard. Requires a wallet like TronLink, MetaMask, or BitGet Wallet. Yield (APY): 4% - 9% annually.
- Option B: Centralized Exchanges (Binance, Bybit, etc.): This is the simplest option for beginners. You do not pay network fees for delegating, but yields are usually lower, and you do not have full control of your private keys.
Steps to Stake on the Official Network
1. Make sure you have BTTC on the TRON network (TRC-20) or on the BTTC network itself.
2. Go to (link not available) and enter the portal.
3. Vote for a validator in the "Staking" menu. Look for validators with 0% or 1% commission to earn more.
4. Click on "Stake", sign the transaction in your wallet, and you are done.
Risks and Important Considerations
- Unlocking Period (Unstaking): 80 periods (2-3 days) to withdraw your tokens.
- Network Fees: You will need TRX or BTTC to pay for the transaction gas.
- Compound Interest: Earnings do not automatically reinvest by themselves. You must claim your rewards and put them back into staking to maximize growth.
In summary, BTTC staking is an excellent option for those who plan to hold their tokens long-term. Not only do you get more free tokens, but you also help reduce the circulating supply in the market, which can put upward pressure on the price.
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