Staking 10set works via the RFI mechanism. There is no need to freeze tokens or store them in any special wallets. Staking works for everyone, always.
This generates passive income, keeps some tokens out of circulation and encourages HODLing.
Our Smart Contract adds 2% fee to each transaction and splits it:
- 1% fee is proportionally divided to all 10set users, which incentivises HODLing.
- 1% is automatically BURNED, which reduces the overall 10sets circulation.
Each token is backed by a collection of cryptocurrencies, and later shares, generating passive income through staking, loans or depositing.
A part of company's profits is used to buy back 10set tokens from exchanges. Those tokens are burnt, which boosts its price and creates deflation.
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