Diamond Staking Reward

in #stakingrewardlast year (edited)

Daily Rewards for Staking steemdiamond40.pngDIAMOND (Proof Of stake) POS

What is Proof of Stake (POS)
The Probability of validating a new block is determined by how large of a stake a person hold (how many coins they possess)

Proof of Stake essentially validates and rewards users for "Staking Reward" their tokens - an action of locking these tokens to the network. Proof of Stake from that point pays interest to users that have their tokens locked or "staked" without any extra work involved. The algorithm - a diverse functionality of SCOT bot - works behind the scene to validate the blocks in a fashion which rewards users that have any staked DIAMOND at all.

Everyone who has at least some staked DIAMOND will eventually receive airdropped tokens created from the blockchain as more and more blocks are validated over time. The more staked DIAMOND you have the more airdropped tokens you will receive, so keep staking that DIAMOND!

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Hey i really like this basic no nonesense Staking reward of a SCOT token

I really enjoy seeing Nitrous from @eonwarped used for a basic emoji focused tribe site

the DIamond Emoji is a universal symbol of value on this planet for whatever reason :D

I just hope we can get Scot Witnesses so we can keep the Steem Engine scot token secure

Im happy @justinsunsteemit has actually recognized scot and steem engine tokens by voting their creators as witnesses. ned scott refused to even acknowledge steem engine toekjsn existed because it made his own failed SMT idea look weak when @aggroed did essentially what he talked about for years but using the community

Well I still see massive potential for steem engine SCOT and the scot POS

I just hope we can still get steem engine witnesses like cryptomancer hinted at so we can secure the actual scot token no matter what steem witnesses do

i already have pegs on eos and telos for SCOT tokens like SAND, and APX is also on EOS too but its just the token not the distribution contract or staking rewards or the dapp, thatd be WAY too expensive on EOS and appics could never afford it, but if they move to telos they might

Just make sure people know this staking is not in USD but in this token, so if no one buys it, its not a way to make passive income more of just a staking reward lol, or staking inflation lol, itsa reward i guess, its like serotonin lol

How much serotonin does your body produce? I guess that is like your bodies currency right? Dont inflate the supply with cocaine?

Anyway Just make sure people know the inflation rate of steem and then the diamond token inflation

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