🔐

Token and LP Staking

LP Staking - We have developed a liquidity staking dapp. This will enable the community to support the liquidity at Pancakeswap and at same time earn Talkado coin by staking the LP token at the Talkado LP staking dapp.
Liquidity Staking is the process of staking the liquidity you add to the Pancakeswap pools (either BNB pool or USDT pool) and earning Talkado as reward in return.
Talkado Coin Staking - Talkado Coin holders will be able to stake their coin and earn more TALK as a reward. The Talkado dev team is currently working on the Talkado dapp platform to extend it to Talkado coin staking. Talkado will release a version2 of the Talkado staking platform which will including the LP Staking and Talkado Coin Staking.
Crypto staking involves "locking up" a portion of your cryptocurrency for a period of time as a way of contributing to a blockchain network. In exchange, stakers can earn rewards, typically in the form of additional coins or tokens (According to Business Insider)
The beauty of both the LP and TALK Staking is that it will help to reduce the circulaty supply and encourage holding of the coin. This is good for the project and mostly beneficial to stakers as they will get rewards for supporting liquidity and holding their Talkado Coin.
​
How to use lp staking dapp
Get your LP token from Pancakeswap and then follow the steps on this app (https://talkado.app/) to stake your LP token and earn Talkado Coin.
The Steps are outlined below :
  • Connect your wallet
  • Input the amount of LP to stake
  • Select 'LOCK' Period
  • Select 'STAKE' button
  • Confirm transaction in your wallet