What happens if you don’t pick up the tokens after staking is completed?

🔵 As you know, the Relictum Pro node has GTN staking. A user “fixes” own tokens in the account for a certain period (1, 3, 6, 9 or 12 months) and receives a reward every two weeks until the end of the staking period. During this time, tokens cannot be withdrawn or transferred from the wallet to other addresses.

ℹ️ After the staking period is expired, the tokens must be manually picked up, since Relictum Node does not close staking automatically. If you do not do this, tokens will remain in staking, but you will not receive royalties, and the tokens themselves cannot be withdrawn or transferred.

⁉️ How to remove GTN from staking?

1️⃣ Login to the Relictum Node app, select Staking in the main menu
2️⃣ The opened menu displays the total number of GTN tokens on the balance sheet and the part of them that is staked.
3️⃣ The My Stakes section contains all your stakes with an indication of their completion date. If the staking period has expired, click the button with three dots and then the cross.

👍 That's all, your tokens have been removed from staking, they will not be displayed on the staking chart, and you can transfer them, withdraw them from the node, or issue a new staking

😉 Haven't you forgotten to withdraw your tokens from staking?

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What to do with the tokens received from staking?

💎 Relictum Pro stakeholders are well aware of the fact that every two weeks they receive royalties - a reward from the network. The amount of payments depends on the number of tokens in staking, the period of their placement and the earnings of the blockchain itself. Until recently, rewards for stakeholders were accrued in USDR, or rBTC, but starting from October 2023, users receive also other assets.

ℹ️ Important! All tokens you receive from Account ID 3 are staking royalties.

🪙 What are these tokens?
All these new tokens are assets created by the users on our blockchain. Their value and total issue are indicated by the authors when creating these assets. It costs 20 USDR to create a token in the Relictum Pro ecosystem. The Explorer shows how many tokens have been created in our ecosystem: https://relictum.pro/explorer/main/tokens

🤔 What to do with new tokens?
Any token in the Relictum wallet can be stored, transferred to other users, or exchanged on the Relictum DEX exchange if this token has passed the listing procedure. It costs 250 USDR.

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What determines the amount of staking reward?

🤔 This is a question that interests all stakeholders without exception.

❗️ We remind you that staking is a way to generate income from a blockchain network that operates based on the Proof-of-Stake (PoS) consensus algorithm and its options, for example the Proof of Tsar protocol in Relictum Pro.

Thus, there are several factors influencing the amount of remuneration from the network:

1️⃣ Total income of the blockchain network. The system makes money on commissions: for exchanges and transfers of assets, for creating tokens, uploading files in storage, etc. Accordingly, the more of these operations, the greater the reward stakeholders will receive. This is the most significant factor.

2️⃣ Number of tokens in staking. Just like with a deposit in a bank, the more funds you deposit, the greater the reward you will receive, while the percentage of profit does not change.

3️⃣ Staking period. In the Relictum Staking you can stake for 1, 3, 6 and 12 months. Again, just like in the case of bank deposit in a bank, the longer the term, the higher the profitability.

🔵 We remind you that the Relictum ecosystem is going to introduce fees for token transfers, so the total income of the network will increase, and accruals to stakeholders will increase accordingly.

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What to do with the tokens received from staking?

💎 Relictum Pro stakeholders are well aware of the fact that every two weeks they receive royalties - a reward from the network. The amount of payments depends on the number of tokens in staking, the period of their placement and the earnings of the blockchain itself. Until recently, rewards for stakeholders were accrued in USDR, or rBTC, but starting from October 2023, users receive also other assets.

ℹ️ Important! All tokens you receive from Account ID 3 are staking royalties.

🪙 What are these tokens?
All these new tokens are assets created by the users on our blockchain. Their value and total issue are indicated by the authors when creating these assets. It costs 20 USDR to create a token in the Relictum Pro ecosystem. The Explorer shows how many tokens have been created in our ecosystem: https://relictum.pro/explorer/main/tokens

🤔 What to do with new tokens?
Any token in the Relictum wallet can be stored, transferred to other users, or exchanged on the Relictum DEX exchange if this token has passed the listing procedure. It costs 250 USDR.

#Staking #Token #Blog

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