Stake
CKKA Staking White Paper
Introduction
CKKA Staking is a decentralized finance (DeFi) mechanism designed to allow users to earn passive rewards by locking their CKKA tokens. With daily rewards, transparency, and secure smart contract technology, CKKA staking is a simple and effective way to grow your crypto holdings.
Key Features
Feature
Details
Daily Rewards
0.3% daily rewards on the staked amount.
Reward Coin
Rewards are paid in CKKA tokens.
Lock-In Period
Tokens are locked for 183 days.
Reward Withdrawal
Rewards are withdrawable daily, allowing liquidity flexibility.
Principal Withdrawal
After 183 days, the staked CKKA can be withdrawn.
How It Works
Staking
Users deposit CKKA tokens into the staking smart contract, which locks the tokens for 183 days.
Daily Rewards
You earn 0.3% daily on the staked amount, credited in CKKA tokens, and can withdraw rewards every day.
End of Lock Period
After 183 days, you can withdraw the initial staked amount or reinvest it for continued rewards.
Benefits of Staking CKKA
Passive Income: Earn daily rewards of 0.3%.
Liquidity: Daily withdrawals for rewards without affecting the locked principal.
Network Support: Enhances the security and scalability of the Cikka ecosystem.
Transparency: Powered by audited smart contracts ensuring trust.
Economic Model
Staking Coin
CKKA
Reward Coin
CKKA (same as the staking coin)
Lock-In Period
183 days
Daily Reward
0.3% daily, paid in CKKA tokens
Total Supply
Fixed supply of CKKA (No inflation mechanism)
Principal Return
After 183 days, principal is withdrawable
Illustrative Example
Staking Amount: 10,000 CKKA
Daily Reward: 0.3%
10,000 CKKA × 0.003 = 30 CKKA per day
Total Rewards Over 183 Days:
30 CKKA × 183 = 5,490 CKKA
Total After 183 Days:
Principal: 10,000 CKKA
Rewards: 5,490 CKKA
Total: 15,490 CKKA
Reward Distribution Breakdown (Pie Chart)
Daily Rewards: 100% of the reward in CKKA tokens.
Withdrawable Daily: Rewards are withdrawable, offering liquidity.
User Interface and Chart Representation
Daily Reward Over Time (Line Chart)
X-Axis: Time (Days)
Y-Axis: Daily Reward in CKKA
How to Start Staking
Visit the Staking Platform
Go to the Cikka Staking Platform.
Connect Your Wallet
Use any compatible wallet like MetaMask to connect.
Deposit CKKA Tokens
Choose the amount of CKKA tokens to stake, and submit your transaction.
Start Earning Daily Rewards
Your rewards will start accruing immediately at a rate of 0.3% per day.
Security & Transparency
Smart Contracts: Secure, audited smart contracts ensure transparent staking operations.
Immutable Records: All transactions are recorded on the blockchain for traceability.
Secure Wallet Integration: Compatible with popular wallets ensuring secure transactions.
FAQs
Question
Answer
Can I withdraw rewards daily?
Yes, rewards are withdrawable daily without affecting your locked principal.
What happens after 183 days?
After 183 days, you can withdraw your principal or choose to re-stake for more rewards.
Is there a minimum staking amount?
The minimum amount is specified on the staking platform.
Are there penalties for early withdrawal?
No, but the principal is locked for 183 days and cannot be withdrawn before that.
Conclusion
CKKA Staking offers an opportunity for users to earn passive rewards with daily payouts, while supporting the Cikka ecosystem's growth. With the flexibility of daily reward withdrawals and a fixed 183-day lock-in period, this staking model is designed for both security and profitability.
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