Staking

In the cryptocurrency world, staking is the process of delegating or locking up crypto holdings to earn rewards.

How does staking works?

By using our platform, you are able to stack your $KNOX and receive $sKnox (stackedKnox) in return. Keep in mind that 1 $KNOX will always be equal to 1 $sKnox, the tokens can be unstaked at any time, there is no lock-up period.

The incentive to stake your $KNOX tokens is to receive dividends every 8 hours. Very simple and intuitive, it only takes a few clicks to stake your $KNOX and start earning passive income.

It is important to note that staking can be used a passive, long-term strategy. With your $KNOX token stake increasing over time, it basically slowly reduce your purchase price, for instance, if the market price of $KNOX is inferior to the price at which you bought your tokens, by staking your tokens long enough in our protocol, the increase of your $sKnoxbalance will outpace the fall in price at some point.