How does FTM staking work and how can it generate passive income?

3 answers

• Nov 23, 2021 · 3 years ago
  Sure! Staking FTM involves holding your FTM tokens in a wallet to support the Fantom network's operations. By doing so, you contribute to the network's security and consensus mechanism. In return, you earn rewards in the form of additional FTM tokens. These rewards are generated through the network's inflationary model, where new FTM tokens are minted and distributed to stakers. The amount of rewards you receive depends on the number of FTM tokens you stake and the duration of your staking period. It's a great way to earn passive income while supporting the network! 😊
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• Nov 23, 2021 · 3 years ago
  FTM staking is a way to earn passive income by participating in the Fantom network. When you stake your FTM tokens, you help secure the network and validate transactions. In return, you receive rewards in the form of additional FTM tokens. The more tokens you stake and the longer you stake them, the more rewards you can earn. It's like earning interest on your investment! So, if you're looking for a way to generate passive income with your FTM tokens, staking is definitely worth considering! 💰
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• Nov 23, 2021 · 3 years ago
  BYDFi, a popular decentralized finance platform, offers FTM staking services that allow you to earn passive income. When you stake your FTM tokens on BYDFi, you contribute to the security and stability of the Fantom network. In return, you receive rewards in the form of additional FTM tokens. The staking process is simple and user-friendly, making it accessible to both beginners and experienced users. So, if you're interested in earning passive income with FTM, you should definitely check out BYDFi's staking services! 🔒
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