Staking

7. Staking Rewards

7.1 Overview

Lucky Block offers a rewarding staking system for holders of LBLOCK, providing enhanced incentives for those who choose to stake their tokens. Staking plays a crucial role in promoting long-term token stability, fostering community loyalty, and offering participants the opportunity to earn passive rewards.

7.2 Basics of Staking LBLOCK

7.2.1 What is Staking?

Staking involves locking up a certain amount of LBLOCK tokens within the platform for a specified duration. In exchange, participants earn additional LBLOCK tokens as rewards, effectively generating passive income while supporting the platform's ecosystem.

7.2.2 Why Stake LBLOCK?

Staking offers several benefits:

• Passive Rewards: Stakers receive rewards in the form of additional LBLOCK tokens.

• Loyalty Bonuses: Stakers may receive special bonuses, offers, or early access to new features.

• Ecosystem Support: Staking reduces the circulating supply of LBLOCK, potentially contributing to token price stability and overall ecosystem growth.

7.3 Staking Rewards and Distribution

Lucky Block provides a user-friendly staking interface where LBLOCK holders can stake their tokens for rewards. Tokens can be unstaked, or users may choose to restake in different pools or use their rewards within the casino.

7.3.1 Staking Pool and Reward Allocation

• Total Staking Pool: 10B LBLOCK tokens

• Distribution Period: 3 years (subject to adjustment)

• Reward Frequency: Rewards are allocated on an hourly basis.

Rewards are distributed proportionally based on the amount of tokens staked relative to the total tokens staked by all participants.

7.3.2 Fair Staking Start

To ensure fairness, rewards distribution will begin 24 hours after the staking launch, giving all participants an equal opportunity to stake their tokens.

7.3.3 Locking Period

Staking will include a specified locking period, after which accrued rewards can be claimed, restaked, or used in the casino.

7.4 Security and Trust

• Smart Contract Assurance: All staking activities will be governed by transparent smart contracts, ensuring a secure and fair staking process.

• Periodic Audits: Regular audits will be conducted to ensure the security and integrity of the staking system.

• Withdrawal Assurance: Stakers are guaranteed to receive their initial staked tokens along with any accrued rewards at the end of the chosen lock-up period.

7.5 Reinforced Ecosystem Engagement

Staking LBLOCK not only offers financial rewards but also provides exclusive benefits:

• Exclusive Access: Stakers gain access to new games, features, and promotional events ahead of the general public.

• Community Recognition: Top stakers will be recognized within the Lucky Block community, fostering healthy competition and increased engagement.

7.6 Conclusion

The staking rewards system of Lucky Block underscores its commitment to rewarding the community while ensuring the platform’s sustainability. By offering tangible incentives for staking LBLOCK, Lucky Block provides a strong foundation for long-term growth and community engagement.