How can I stake $BMIL tokens, and what are the benefits of staking?

Staking $BMIL tokens is an opportunity for token holders to earn rewards by locking up their tokens for some time. Here’s how you can engage in staking and the benefits it offers:

Availability of Staking:

• Staking will be available approximately one month after the $BMIL tokens are listed on decentralised exchanges (DEX). This timeline allows early adopters to acquire and prepare their tokens for staking as soon as the functionality goes live.

Benefits of Staking $BMIL Tokens:

Earning Rewards

• Reward Mechanism: By staking your tokens, you participate in earning rewards generated from the platform's operations. These rewards are usually distributed in the form of additional $BMIL tokens.

• APY Calculation: The annual percentage yield (APY) for token rewards is calculated based on various pool variables, including the total amount staked, the length of time tokens are staked, and other economic factors. A fixed APY is often provided to give a stable return expectation to the community.

Financial Incentives

• Passive Income: Staking provides a way to earn passive income through the rewards distributed. It’s an attractive option for those looking to increase their holdings without engaging in active trading.

• Potential Price Appreciation: As more tokens are locked up in staking, the circulating supply diminishes, leading to price appreciation due to the reduced supply and increased demand, especially if the platform gains more users and utility.

Thus, staking $BMIL tokens offers financial benefits and the opportunity to support the governance and stability of the ₿Millions platform. This involvement enhances potential returns and aligns your interests with the ecosystem's long-term success.