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RE: Many ways to support the Liotes Project

in Proof of Brain • 10 days ago

How the dividends from staking LENM works to get 18,65% APR? Thanks.

10 days ago in Proof of Brain by
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         9 days ago 

        Those are not dividends... LENM is a miner token, when you STAKE it, it will occasionally "mine" LEN tokens that you will receive in your wallet...

        As it is a "lottery system" (as on every other HiveEngine miner token), if you have a bigger stake, you have a bigger chance to mine LEN tokens...

        Those 18.65% is the approximate APR, dividing the total daily mined LEN tokens, by the value of staked LENM tokens... Which mean, in a long run, you will get there even if you stake a small amount of tokens

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               9 days ago 

              Understood it. I didn't know about how it worked, thanks for the explanation :D

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