The Root Network has officially launched its staking feature, allowing users to help secure the blockchain and earn rewards in return. As a proof-of-stake network, participants can stake ROOT tokens to contribute to network security and receive rewards based on their involvement. The platform also allows users to nominate validators to share in the risks and rewards of maintaining the network.
For early adopters, The Root Network has allocated 10% of the total ROOT supply as a Bootstrap Reward over the next 260 weeks. Gas and network fees are collected during the reward cycle and transferred into The Vortex. In each reward cycle, participants are rewarded with newly minted Vortex tokens based on their stake and participation in the network.
To participate in staking, users need a minimum of 25 ROOT tokens in their FuturePass.
ROOT is now available for trading on BitMart. ROOT plays a key role in network security, fees, and functioning as the base currency for the ecosystem.
