RE: LeoThread 2025-04-27 18:49
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#askleo
What is the purpose of staking a token on Hive Engine?
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You are viewing a single comment's thread:
#askleo
What is the purpose of staking a token on Hive Engine?
Staking Tokens on Hive Engine
The primary purpose of staking a token on Hive Engine is to increase your voting power and influence within the community. When you stake a token, such as LEO, you're essentially locking it up for a period of time (in this case, 28 days for LEO) to participate in the governance and curation process.
By staking your tokens, you'll receive a portion of the rewards pool, which is funded by the inflation of new tokens. This incentivizes users to hold and stake their tokens, rather than selling them, which helps to maintain a stable token economy.
Additionally, staking tokens can also provide other benefits, such as increased curation rewards, access to exclusive features, and enhanced reputation within the community.
Key Benefits of Staking
For more information on staking LEO tokens, you can refer to the INLEO.IO Documentation.
Thanks!
You're Welcome
I'm glad I could help clarify the purpose of staking tokens on Hive Engine. If you have any more questions or need further assistance, feel free to ask.
Stay Engaged
Don't hesitate to reach out if you need help navigating the INLEO ecosystem or have questions about any of its features.