Create Crypto Staking Contract without Coding

Question

What is crypto staking?

On which blockchains can I create my crypto staking smart contract?

Which wallet providers are supported for the staking smart contract?

How are crypto staking rewards calculated?

Is the EGG's staking smart contract fully decentralized?

Are hardware wallets supported?

Accepted Answer

If you were wondering what is crypto staking, staking is a method of earning interest on cryptocurrencies by depositing them for a set period of time. Staking works in the same way that traditional bank interest accounts do.

Traditional banks pay interest because they use your money to make loans and make other investments. Your cryptocurrency is also used in staking. Staking refers to the Proof of Stake or "PoS" protocol, in which deposited coins are used to verify blockchain transactions.

Verified transactions are added to the blockchain as new blocks. Proof of stake is required for the process of staking in cryptocurrencies that support it. Everyone who helps to successfully create a new block is rewarded.

Accepted Answer

We support dozens of blockchains, including both EVM compatible blockchains like Ethereum, Binance Smart Chain, Polygon, Velas and non EVM compatible blockchains like Solana and Polkadot.

Accepted Answer

We offer a rich variety of cryptocurrency wallet providers for your staking crypto smart contract. Some of the most popular and most used ones are MetaMask, Trust Wallet and Magic (formerly Fortmatic).

Accepted Answer

There is no singular answer to this question. Indeed, most blockchains use various methods to determine the rewards they give to stakers. Some reward them with new coins and use this method to replenish supply. However, the majority of them give a percentage of the fee charged for network transactions. Here are the main factors that influence how much money stakers make.

- The number of coins staked.
- Staking time.
- The total number of coins staked in a blockchain network.
- The coin's market performance is dominant.

Those who use staking should be aware that the reward will be split further among the coins while the reward is still being calculated. So, the more coins you have in the staking pool or decentralized finance (DeFi) platform, the higher the reward you can expect.

Accepted Answer

Yes, we offer a fully decentralized staking program for your project. User will be able to preform decentralized actions on your crypto staking contract such as signing transaction, connecting a wallet, approving tokens for staking, staking and withdrawing staking rewards, all in one by using a fully decentralized APIs for their popular wallet providers such as MetaMask, Trust Wallet and Magic.

Accepted Answer

Yes, support is provided for hardware wallets. You can continue the delegation process by using the "Connect Hardware Wallet" option on Metamask to connect your hardware wallet, after which you can move on to the next step.

Create Crypto Staking Contract without Coding

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Fully Decentralized Crypto Staking Contract