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."