Staking refers to an action when cryptocurrency holders get incentivized by staking their assets to the Mainnet, which is under the PoS consensus mechanism.
The advantages of Staking can be found in the following aspects: firstly, it can realize the preservation and appreciation of assets and resist the inflation caused by the additional issuance of tokens; Secondly, the holders can join block validation to maintain the stable operation of the public chain network; Thirdly, they can take part in public chain ecological governance with negligible costs.
Voters can be incentivized and obtain staking rewards for the cryptocurrency staked in the period.
Staking is considered a good option to maximize your assets. With the help of staking, you’re able to get extra rewards and grow your portfolio with compounding.
Your digital assets used for staking will be safely guarded as long as your private keys and mnemonic words are securely stored in your hands. If the validator you’ve voted for has any intentions of abusing the system resources or is unable to ensure the stability of the Main Chain, a certain amount of fee will be deducted as punishment. In this case, your staking rewards might be affected whereas coins used for voting will remain unchanged.