Before 2021 is over Pawn My NFT will have Staking and Farming available for $PNFT tokens!
We are pleased to add Staking and Farming to our short-term roadmap! This will give investors an even bigger incentive to hold $PNFT tokens by rewarding you with additional tokens for staking.
APY and percentages to be announced closer to rollout. Getting a good amount of tokens to stake before it goes live and staking/farming right away is a sure-fire way to start your new year off right!
Stay tuned for another AMA date in December to dive deeper into $PNFT with the developers.
What is Staking?
Staking means holding funds in a crypto wallet to help security and ops. You may think of staking as a less resource-intensive alternative to mining. It involves holding funds in a cryptocurrency wallet to support the security and operations of a blockchain network or project. Simply put, staking is the act of locking cryptocurrencies to receive rewards.
What is Farming?
As a yield farmer, you can earn more cryptocurrency with your crypto by lending your funds to others through a blockchain-based computer program known as a smart contract. This type of lending allows you to earn fees in cryptocurrency.
Yield farming allows a farmer to offer funds to different protocols and pools with the expectation of rewards. Funds can be offered in the form of borrowing, lending, or just contributing to the liquidity pool. Farmers can be rewarded through fees in the already chosen token that in most cases has been linked with the pool provider.
Thank you for your continued support.
