What is the minimum amount of egld required for staking and earning rewards?
Abslute Zer UndrtkrNov 23, 2021 · 3 years ago3 answers
I would like to know the minimum amount of egld that is required for staking and earning rewards. Can you provide the specific amount needed to start staking and the potential rewards that can be earned?
3 answers
- Nov 23, 2021 · 3 years agoThe minimum amount of egld required for staking and earning rewards is 10 egld. By staking this amount, you can participate in the network and earn rewards based on your stake. The rewards are distributed based on the Elrond network's consensus mechanism and can vary depending on the network's overall performance and the amount of egld staked by other participants.
- Nov 23, 2021 · 3 years agoTo start staking and earning rewards with egld, you need a minimum of 10 egld. Staking allows you to actively participate in the Elrond network and contribute to its security and decentralization. The rewards you can earn are proportional to your stake and are distributed regularly. Keep in mind that staking involves locking up your egld for a certain period of time, so make sure you are comfortable with the commitment before staking.
- Nov 23, 2021 · 3 years agoWhen it comes to staking egld and earning rewards, the minimum amount required is 10 egld. This ensures that participants have a sufficient stake in the network to actively contribute and maintain its security. The rewards you can earn are based on the network's performance and the amount of egld staked. Staking is a great way to support the Elrond network and earn passive income in return.
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