What is the minimum amount of egld required for staking and earning rewards?

3 answers

• qing.xianMay 02, 2022 · 3 years ago
  The minimum amount of egld required for staking and earning rewards is 10 egld. By staking this amount, you can participate in the network and earn rewards based on your stake. The rewards are distributed based on the Elrond network's consensus mechanism and can vary depending on the network's overall performance and the amount of egld staked by other participants.
  367

  184
• Mohan PatibandlaApr 02, 2022 · 3 years ago
  To start staking and earning rewards with egld, you need a minimum of 10 egld. Staking allows you to actively participate in the Elrond network and contribute to its security and decentralization. The rewards you can earn are proportional to your stake and are distributed regularly. Keep in mind that staking involves locking up your egld for a certain period of time, so make sure you are comfortable with the commitment before staking.
  438

  146
• Mumbere WyclifMay 29, 2023 · 2 years ago
  When it comes to staking egld and earning rewards, the minimum amount required is 10 egld. This ensures that participants have a sufficient stake in the network to actively contribute and maintain its security. The rewards you can earn are based on the network's performance and the amount of egld staked. Staking is a great way to support the Elrond network and earn passive income in return.
  393

  99