Staking
Last updated
Last updated
Staking is a process of committing crypto assets to support a blockchain operations and confirm transactions in proof-of-work networks. It is also defined as a strategy that generate passive income on crypto holdings.
oxyO2 allows OXYO2 token holders to stake their asset in exchange for getting exclusive benefits and maximized earning opportunities. Anyone with OXYO2 tokens in their wallet will be allowed to participate in staking program.
oxyO2 introduces a new way of staking with burning feature where a portion of staked tokens will be burned. From the total supply of 1 billion OXYO2 tokens, 500 million tokens will be burned with this staking mechanism.
