How does staking work on Safemoon ?
Staking on SafeMoon works by locking up a certain amount of tokens in a smart contract.
This process is called “staking” and it allows users to earn rewards for holding their tokens. The rewards are generated from the fees collected from transactions on the SafeMoon network. When users stake their tokens, they are rewarded with a percentage of the total fees collected from transactions on the network.
This percentage is determined by how much of the total supply of tokens they have staked. The more tokens staked, the higher the reward percentage. The rewards are distributed to all stakers proportionally based on their share of the total supply of tokens staked.
This means that if one user has 10% of all tokens staked, they will receive 10% of all rewards generated from transaction fees. In addition to earning rewards for staking, users can also benefit from price appreciation as more people join the network and demand for SafeMoon increases. As demand increases, so does the price of SafeMoon, allowing users to potentially earn even more rewards when they sell their tokens at a higher price than when they initially purchased them.
