Since the launch of the GMT staking function, you have been constantly contacting our support service for comments and clarifica
17 Feb 2023, 14:32
Since the launch of the GMT staking function, you have been constantly contacting our support service for comments and clarifications.
Almost a third of your questions these days have been devoted to this topic.
It's important for us that the product is clear to you, so we're beginning a series of posts with answers to the most popular questions.
Today we'll be talking about limits.
The minimum number of tokens required for staking is 100 GMT. The maximum number is 100,000 GMT.
It is important to note that these limits apply only to one type of staking. That is, you can simultaneously stake 100,000 GMT tokens with a fixed interest rate and 100,000 tokens with a floating interest rate from one wallet.
Why are we doing this?
The token staking mechanism is still new for both the company and investors. In order for this business model to work smoothly, we need time to build all the processes and will use the resources received from users to expand mining infrastructure.
We need to debug all the necessary procedures for the prompt purchase and launch of new equipment, while not letting down our customers. That’s why we decided to limit the number of tokens available for staking. The maximum amount of 100,000 GMT guarantees the fulfillment of all obligations on our part.
Read more information about staking here.