Staking Mechanism. A crucial aspect of accepting new micro-distributor nodes to the existing Buying. com ecosystem is staking.
09 Jan 2022, 11:39
🎗Staking Mechanism🎗
A crucial aspect of accepting new micro-distributor nodes to the existing Buying.com ecosystem is staking. During the onboarding process, prospective micro-distributor nodes need to stake, i.e. deposit with the Buying.com platform a specified amount of BUY tokens.
🎖This staking of tokens has a dual function.🎖
❇️ Firstly, it functions as an investment into the ecosystem and as a mechanism to encourage network growth in terms of size and consequently in terms of token value.
❇️ Secondly, these tokens function as collateral to the value of the inventory held by a micro-distributor. In fact, a micro-distributor cannot hold inventory valued at more than the amount staked.