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Fixed Interest Staking pool
Passive income for all
With the introduction of the Minting Function, the Swych token is taking advantage of it by building a Staking Protocol, which offers a Fixed Interest rate to every investor who deposits its Swych tokens. In order to stake your tokens, there is a fee to do so, which is directly burned and helps the deflation around the Swych token.
"Staking is when you lock crypto assets for a set period of time to help support the operation of a blockchain. In return for staking your crypto, you earn more cryptocurrency.Many blockchains use a proof of stake consensus mechanism. Under this system, network participants who want to support the blockchain by validating new transactions and adding new blocks must “stake” set sums of cryptocurrency."
The Staking Fee % has not yet been determined, once closer to launch, more information will be updated to reflect the correct fees.
Last modified 2mo ago