What is Staking on TomoChain?
PoSV (Proof of Stake Voting) consensus enables staking activity within TomoChain system. PoSV is essentially a democratic system in which Masternode operators are elected. Voting power is determined by the amount of TOMO staked into each
Masternode. Thus, Masternode Candidates are made to compete with each other to gain popularity with stakers and prove their competency as Masternode operators.
Why stake TOMO?
So Why Stake Your TOMO?
but will also help you gain lucrative rewards!
|Coin locked (%)||53%||79%||12%||48%||76%||46%|
|Number of Validators||150||33||27||21||100||36|
|Masternode annual ROI|
|Staking annual ROI|
|Reward Frequency||approx. 30 minutes||2 days & 20 hours||daily||depends on fullnode owners||daily||7 days|
How it works
with Ledger Nano
to stake TOMO
As there are several meanings for “stake”, staking TOMO conveys a little bit of both definitions. Staking is marking off your property and showing your TOMO ownership. In this article we will introduce a list of means and platform in which you can stake TOMO and generate profit.Read more
Other platforms where you can stake your TOMO
Frequently asked questions
What is a Masternode in TomoChain ecosystem?
Which Masternode(s) should I vote for?
That said, if a Masternode Candidate falls below the top 150 most voted, it loses its Masternode status and automatically stops earning rewards entirely. If it cannot get back into the top 150, you will need to unvote and wait for 96 epochs (approx 2 days) to be able to vote again. During this process no rewards will be earned. So though the rewards can be higher when voting for lower-ranked Masternodes, monitoring them regularly is a must.
Voting for higher-ranked nodes with more votes on them earn fewer rewards, but can be safer to earn consistent rewards since they are less likely to fall out of the Top 150.
Ultimately, voters should consider voting for Masternodes which are fully capable and committed to the overall health of TomoChain’s ecosystem in the long-run.