What is Staking?

Staking is the process of locking up a certain amount of cryptocurrency in a blockchain network to support its operations. In return, stakers earn rewards, typically in the form of additional cryptocurrency. It's a way for users to earn passive income while helping to secure the network.

Staking in Palm Wallet

Palm Wallet offers three distinct staking plans, each with varying time durations and annual percentage rate (APR). Users can select the plan that best suits their preferences and staking goals.

Key Features:

• Multiple Staking Plans: Choose from three different staking plans, each offering unique durations and APRs.

• Multi Staking: Users can participate in multiple staking plans simultaneously within the Palm Wallet.

• Vesting Periods: Palm Wallet provides three vesting periods for rewards distribution:

  • 15 Days

  • 1 Month

  • End of Plan Duration

Rewards and Distribution:

• Automatic Rewards: Rewards are automatically deposited into your Palm Wallet according to the chosen vesting period. Users do not need to manually claim these rewards.

• Email Notifications: When rewards are distributed, users receive an email notification for confirmation.

If you have additional questions about staking in Palm Wallet, feel free to contact our sales team for further assistance.