Looted Network
  • WELCOME
    • Welcome to Looted.Net Documentation
  • INTRODUCTION
    • Overview
    • Mission and Vision
    • How to Use This Documentation
  • The $LOOT Token
    • Token Overview
    • Tokenomics
    • Tax Mechanism
    • Wallet Limitation
    • Staking $LOOT Tokens
      • Benefits of Staking
    • Volume Jackpot
  • Loot Boxes
    • Introduction to Loot Boxes
    • Mechanics of Loot Boxes
    • How to Participate
    • Creating Loot Boxes
  • THE JACKPOT CONTRACT
    • Endless Jackpot Contract Overview
  • BLAST L2 Sportsbook
    • How to Add Blast RPC
    • How to Trade on DYORswap
    • How to Bridge to Blast
    • Sports Betting on Blast
  • COMMUNITY AND ECOSYSTEM
    • Building the Looted Network Community
    • Community Impact Initiatives
    • Partners
    • Roadmap and Future Developments
    • Community Feedback and Suggestions
Powered by GitBook
On this page
  1. The $LOOT Token
  2. Staking $LOOT Tokens

Benefits of Staking

Staking $LOOT tokens offers several benefits, including:

Earning Rewards: Staking allows you to earn additional $LOOT as rewards for participating in the staking pool.

Supporting Network Security: By staking $LOOT, you contribute to the security and decentralization of the Looted Network, as your tokens are used to validate transactions and maintain the network's integrity.

Long-Term Investment: Staking encourages holding onto tokens for the long term as you earn rewards for keeping them staked. This helps to maintain steady growth in the chart.

Potential for Capital Appreciation: With the Looted Network’s design, staking has led to increased demand for the token, which is driving up its value over time.

Passive Income: Staking $LOOT can be a source of passive income, as you earn rewards simply by holding and staking your tokens, without the need for active trading!

PreviousStaking $LOOT TokensNextVolume Jackpot

Last updated 1 year ago