How Staking Works
Staking is the act of depositing Tokens to activate validator software. Our validators will be responsible for storing data, processing transactions, and adding new blocks to the blockchain this will keep Ethereums secure for everyone and earn you Token Rewards in the process.
This is known as Proof-Of-Stake.
Popular coins like Bitcoin are proof-of-work, meaning they're generated by using machines competing to solve complex equations to "mine" coins and digital assets.
Proof-of-stake works differently by choosing from a pool of people holding the proof- of-stake coin. A proof -of-stake "validator node" can be added to the pool by staking coins for a certain period of time, giving Proof-of-stake token holders a source of income without needing powerful mining hardware.
Compound Reward Staking
You can earn rewards when you stake ROC for a period of time as an incentive to acquire and hold onto staking assets
Versatility in ERC20
An ERC20 Token is a standard used for creating and issuing smart contracts on the Ethereum blockchain. Smart contracts that are used to create smart property or tokenized assets.
Staking Reward Acceleration
Rewards are given for actions that help the network reach consensus. You'll get rewards for assisting in batching transactions into a new block or checking the work of other validators.
this is how you help to keep the chain running securely
NFT Staking and Minning
NFT ecosystem built to support staking contracts backed by ROC coin and Mining support.
Unprecedented Velocity. Impeccable Reliability.
Put simply , the ERC20 standard defines a set of functions to be implemented by all ERC20 Tokens so as to allow integration with other contracts, wallets or marketplaces.
Just like other Ethereum Tokens, Richoffcrypto Tokens are implemented as a smart contract and executed on the Ethereum Virtual Machine (EVM) in a decentralized manner.
The ERC20 standard solves a significant problem, as blockchain-based marketplaces and crypto wallets need a single, standardized set of commands to communicate with the range of tokens they manage.
Richoffcrypto token was developed to operate Primarily as a staking token for the Ethereum blockchain and meets all ERC20 standards.
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