🧑‍🌾Staking & Farming

Staking

Staking is a mechanism that allows token holders to earn rewards and benefits within the network by locking their tokens and contributing to its security and stability. By staking $GPTV tokens, users can access various services and features of the network, including priority access to certain functions. To participate in staking, users need to lock a certain amount of $GPTV tokens for a predetermined period of time, which may vary depending on the staking program. During this period, the tokens cannot be redeemed, but the user can enjoy the benefits of the staking program, such as earning interest or receiving a discount on transaction fees. Staking also helps to secure the network by encouraging users to hold and lock their tokens, reducing the supply in circulation and increasing the value of the token. By staking $GPTV tokens, users contribute to the stability and security of the network, making it a mutually beneficial process for both the user and the network.

Farming

Farming is a mechanism that allows token holders to earn rewards by providing liquidity to the ecosystem. By depositing $GPTV tokens and other tokens into a liquidity pool on supported exchanges and pairs, users can ensure the stability and liquidity of tokens while earning rewards in the form of $GPTV tokens. To participate in farming, a user needs to deposit a certain amount of $GPTV tokens and other tokens into a liquidity pool on supported exchanges and pairs. This pool is then used to provide liquidity for the token and the user earns rewards based on the number of tokens deposited and the amount of time they are in the liquidity pool. The rewards earned through farming are proportional to the amount of tokens the user deposits and the duration of participation in the liquidity pool. Farming also encourages users to provide liquidity to the ecosystem, helping to increase the liquidity and value of the token. By farming $GPTV tokens, users contribute to the stability and liquidity of the network, making it a mutually beneficial process for both the user and the network.