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Staking is the bandwagon which cryptocurrency investors are excited about. Several blockchains are adopting the PoS model and it is hailed to be the consensus mechanism of the future. Staking is also considered to be powerful because it requires the miners to be honest. And, it goes without saying that it is attractive for the passive income it facilitates for stakers. Staking provides the staker with the right to get a share of the earnings from mining.
Elrond is a highly scalable, fast, and secure blockchain platform for distributed apps, enterprise use cases and the new internet economy
Beniamin Mincu, Founder and CEO at Elrond Network: “Thrilled to announce a powerful 1 year staking program for all itheum holders. Community. Momentum. Growth. All on Elrond Network, via the Maiar DEX.”
To understand the advantage for Itheum holders it is important to know:
- Staking is looked at as a chance to boost the staker’s share in the “New Web3 Data Economy.”
- Itheum token is the native token of Itheum, the world’s 1st decentralized, cross-chain data brokerage platform · Build web2 apps that generate structured and high-value personal data and insights.
Itheum holders who are willing to stake their tokens need to stake it on the Maiar Exchange.
The Maiar Exchange is a DEX (Decentralized Exchange) with AMM (Automated Market Making) functions, deployed on the Elrond Network. It is the engine for DeFi products such as swaps, liquidity pools and yield farms.
Mark Paul, Founder and CEO at Itheum: “The long wait is over Itheum will list on the Maiar DEX on Monday April 25. And with the new price discovery tool, we get a shot at being the 1st to participate in some amazing new decentralized technology. All you need to know to get a head start.”
Itheum are establishing themselves well in the Web3 and Metaverse era. At present the project is in the price discovery stage. Holders can deposit Itheum or EGLD in the Maiar Exchange liquidity pool.
Itheum: The number of tokens will change & update the ITHEUM price, establishing the EGLD/ITHEUM ratio.
This mechanism of price discovery was created to give a chance to long-term investors and discourage speculation.
Why this price discovery? After the Holoride listing on Maiar Exchange, Elrond proposed some improvement points for future token listings. The community feedback was clear, and the team started working on a new listing process, one which would be bot-free and which would aim to work with the excitement surrounding the new token, and hence deal with its high initial volatility.
