Unit Bond Staking
Unit Bond Staking is a mechanism in Unit Network where users lock up their Unit tokens or other assets for a specific period to earn rewards. It serves multiple purposes, including:
- Earning Rewards: Users receive additional tokens as rewards based on the amount staked and the duration.
- Network Security: Supports the blockchain’s stability and governance.
- Token Utility: Encourages long-term holding and active participation in the ecosystem.
Key aspects include a fixed lock-up period, penalties for early withdrawal, and rewards distributed from the network treasury or staking pool. It promotes community engagement and provides passive income opportunities for token holders.