What are the benefits of becoming a nominator in the digital currency ecosystem?

1 answers

• Ajay DecoresSep 28, 2021 · 4 years ago
  As a nominator in the digital currency ecosystem, you play a crucial role in securing the network and maintaining its integrity. By staking your tokens, you help validate transactions and participate in the consensus mechanism. This not only contributes to the decentralization of the ecosystem but also allows you to earn rewards. These rewards can come in the form of staking returns or transaction fees, providing you with a passive income stream. Additionally, being a nominator gives you the power to vote on important network decisions and proposals. This allows you to have a say in the governance of the ecosystem and influence its future development. Overall, becoming a nominator offers financial benefits, active participation, and a voice in the digital currency ecosystem.
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