Staking on Axie Infinity is a great way to make money while enjoying the game. It is a way to invest in the game’s future and support the growth of its community.
To get started, you will need to first purchase some Crypto Kitty tokens. These tokens are used as the base currency for staking on Axie Infinity. The most popular form of obtaining these tokens is by purchasing them on one of the popular cryptocurrency exchanges such as Binance, Kraken, or Coinbase.
Once you have acquired some Crypto Kitty tokens, you will need to find a valid address of an Axie Infinity node. This should be an address that agrees to receive your tokens and is compatible with the current block height of the network. You can find these addresses on either the official website or on various forums dedicated to blockchain technology.
Once you have found an appropriate address, you will need to specify how much you would like to transfer and the amount of time you would like to keep it staked for. You should always keep in mind that the longer you keep it staked for, the more rewards and income you can generate.
Once your desired amount and period are specified, you need to sign a transaction, verifying that you will be sending the tokens to the staking address and committing to the terms and conditions. After signing the transaction, it will need to be sent to the address specified in the agreement.
Once the Axie Infinity node receives your tokens and verifies them, the amount will be added to the staking pool to receive rewards. Depending on how much of the network’s stake is held in the pool, the more tokens you will receive in rewards.
The rewards in staking can come in the form of ETH or can be returned directly to the original wallet. Regardless, every node is guaranteed rewards, with the amount of reward based on the ratio of staked amount to the total size of the pool.
Staking on Axie Infinity is a great way to generate income and support the growth of the community. It can also be a great tool to learn more about blockchain technology and the fundamentals of decentralized networks. So if you’re looking for a profitable investment opportunity and a fun learning experience, staking on Axie Infinity is a great option.