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What is staking and how it works 💰
You can think of "staking" as another word for "voting"
Phaver uses a staking feature to enable the Phaver community to signal valuable posts to the rest of the community
You can earn rewards In Phaver points by staking on valuable content in the feed
- Staking on a post early (before others) means you will earn Phaver token rewards If that post becomes popular and more people stake on it after you stake.
- To stake on a post you need to use up one of the 5 staking tokens Phaver provides for you to use.
- Staking on a post is currently free, but will cost a small amount of the Phaver utility token in the future so that users have "skin-in-the game"