Staking

Subject to change.

Staking is the process of actively participating in transaction validation on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn staking rewards.

Staking is a natural mechanism for participation in an open network and offers a direct economic argument: the probability of success of an attack is directly proportional to a well-defined monetary cost function. Staking nodes are economically motivated to act virtuously and avoid behavior that might hurt the value of their stake.

A node wishing to enter the network can freely do so by first putting up and locking a stake that cannot be moved for a defined period of time determined by the token holder. Once accepted, a stake cannot be reverted or unlocked to ensure that nodes share the same, stable view of the network. And better yet, for both the token holder and the network, is that this stake does not incur any additional upkeep costs.

Rewards

Staking is considered one of the key elements to building up Shypr.io. $SHYPR, as the governance token, will be rewarded to all stakers.

Shippers

• The more you spend more you can accumulate $SHYPR reward tokens

Drivers

• Accumulate rewards for each delivery completed

• Eligibility of yields generated by staking $SHYPR in staking pools