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  • Start Here
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  1. Features & Products

Fixed Interest Staking pool

Passive income for all

Last updated 1 year ago

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 β€œstake” set sums of cryptocurrency."

If you want to stake Swych tokens, read more about Swych Staking and its benefits .

Read more specifically about Swych token staking in Swych Staking

🏦
here