Sirio
  • OVERVIEW
    • What is Sirio?
    • Vision & Mission
    • Features
      • Leaderboard
      • Spaces
      • Benefits
      • NFTs Mint
      • Share Profile
      • Gaming
      • Streams
    • Sirio Points
  • HOW IT WORKS
    • Creating an account
    • Staking Mechanism
    • Mining Power
    • Reward Distribution
  • Technology Stack
    • Platform Architecture
    • On-Chain Logic
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  1. HOW IT WORKS

Staking Mechanism

The staking mechanism is designed to be simple, secure, and user-friendly, with a focus on maximizing engagement while ensuring the safety of your assets. Here’s how it works:

1. Off-Chain Staking

Staking process operates entirely off-chain, making it seamless and secure.

  • You only need to connect your wallet to the platform; no further interactions are required.

  • No signatures or transactions are needed to stake your NFTs, ensuring that your assets remain under your full control at all times.

  • Your NFTs will always stay in your wallet, providing an additional layer of security against unauthorized transfers or malicious activities.

2. How Staking Works

Once your wallet is connected:

  • The system identifies eligible NFTs in your wallet that can be staked.

  • Each NFT is assigned a mining power, which is determined by factors.

  • The staking process begins automatically, with rewards calculated and distributed at regular intervals

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Last updated 1 month ago