Staking is another great way to earn on Totoro Inu. By staking some of your Totoro Inu token, you can earn a percentage-rate reward over time. The longer you stake your tokens, the more rewards you can earn. Plus, staking is a low-risk way to earn passive income on our platform, since you don't have to worry about the volatility of the cryptocurrency market. So, whether you're a long-time holder or just starting out in the world of crypto, staking on Totoro Inu is a great way to earn more Totoro Inu and grow your earnings over time.
Staking will be one of our extra utilities that will believe shortly after launch. Using a well known partner on the BSC chain that will manage pools and distribute the rewards. Stakers will still be able to participate in the lottery
Staking methods typically involve holding coins in a wallet or locking them in a smart contract (masternodes). Some coins introduce randomness to the staking and voting process to make it difficult for bad actors to manipulate outcomes. The process can be similar to a lottery, where the number of crypto coins held is equivalent to holding a given number of lottery tickets. Staking systems can also allow delegation, where individuals delegate their voting rights and earned income to a trusted party. Those delegates earn all the rewards for block validation and pay dividends to their loyal supporters for their vote.
Staking coins eliminates the need for continuously purchasing expensive hardware and consuming energy, which is a significant advantage. The system provides guaranteed returns and a predictable source of income, unlike the proof-of-work system, where coins are rewarded through a mathematical process with a low probability of paying out.
Our Decentralized Exchange (DEX) will offer the most advanced liquidity, swapping, farming, and pooling options. Any dedicated user of our platform can add liquidity for any pair, and the other users can easily start swapping that pair.
Swapping in general is the exchange of one token or coin with another. Swapping is always associated with liquidity, hence, we refer to liquidity as a crowdsourced pool of cryptocurrencies or tokens locked in a smart contract that is used to facilitate trades between the assets on a Decentralized Exchange (DEX). Totoro Inu Swap will be a DEX on BSC. The Totoro Inu token deployed on the BSC chain will be bridged to the ETH chain, and that deployed on ETH chain will be bridged to BSC chain. The rewards for the farms & pools of the DEX will be provided with the bridged tokens.
Similarly, Yield farming, or liquidity farming, is the act of lending or staking your Totoro Inu token into a liquidity pool, through DeFi (Decentralized Finance) to receive rewards such as interest and more of their staked cryptocurrency.
If you desired to have a pool or a farm on our Totoro Inu DEX, you will need to fill out a form that will be submitted to the owner of the platform. As a result, this owner will be responsible for creating a pool or a farm for that respective token.