(1). Connect Wallet
In other words, you are encouraged to keep your Eda Token for a longer time in order to maximise good profits. Remember those who kept their Bitcoins for longer period reap untold profits. The same applies with Eda Token.
(2). Stake Button
By clicking here, you will be able to stake your Eda Token.
It has the following parameters:
(a). Duration of Staking
The minimum duration of staking is 3 months.
Maximum duration of staking is 3 years.
(b). Amount for Staking
You will be able to stake any amount of Eda Token.
(c). Interest Rate
The interest rate for staking Eda Token is 5% APY. Since it is APY (Annual Percentage Yield), it means the interest generated will be compounding. Hence, the longer you stake, the more profit you will make.
You will be able to see the daily increase of your staked tokens throughout the duration of the staking.
(d). Confirm Staking
After filling in the required parameters, you will then click on Confirm Staking in order to submit your tokens to start earning the staking interest. Note that once you click on this button, you cannot cancel the staking process until at maturity.
This button will display the following parameters:
(a). Total amount of Eda Token that have been staked by all users – the amount will display in EDA and USD
(b). The exact amount of Eda Token that you have staked – the amount will display in EDA and USD
(c). The amount of interest that you have earned – the amount will display in EDA and USD
This button will allow you to withdraw your Eda Token once the staking duration has matured.
Maturity refers to when the maximum staking duration has been reached. Withdrawal before maturity will not be allowed.
(5). Buy Eda Token
By clicking on this button, you will taken to EdaFace Launchpad where you should be able to buy Eda Token.