🤝Staking Rewards Without Minting New Tokens
In the Krown Blockchain, staking rewards will be distributed without minting additional tokens. Instead, the rewards for staking come from a portion of the transaction fees generated on the network. This ensures that the total supply of 100 billion KROWN remains fixed, while still providing strong incentives for users to stake their tokens.
Staking Process:
Users can lock up their KROWN tokens in a staking contract via the Krown Wallet or
KrownCash app. The more KROWN a user stakes, the higher their chances of being
selected to validate transactions and earn rewards.
Reward Pool from Transaction Fees:
Instead of minting new tokens, the staking rewards come from the transaction fees paid
by users of the network. Every transaction on the Krown Blockchain incurs a fee, and a
portion of this fee is distributed to validators who participate in securing the network.
For example, a percentage of the 5% buy/transfer tax and 10% sell tax is allocated to the
staking rewards pool, ensuring that active validators are compensated for their work.
Validator Selection and Rewards:
Validators are chosen based on the amount of KROWN staked and the randomness built
into the PoS algorithm. Once selected, validators validate a block of transactions and earn
rewards.
No New Tokens: Instead of receiving newly minted tokens, validators earn a share of the
transaction fees paid by users in the validated block.
The staking reward pool is sustained by ongoing activity within the network, meaning the
more transactions occur, the larger the reward pool for stakers.
Claiming Rewards:
Stakers can claim their share of the rewards from the transaction fee pool at regular
intervals. The rewards are directly tied to the number of transactions processed on the
network, encouraging validators to stay active and engaged.
Users can either re-stake their rewards to compound their earnings or withdraw them for
use in other areas of the ecosystem.
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