🔓Token Staking
Staking ORBK:
Users can stake their ORBK tokens on the Ethereum network for predetermined periods such as 3, 6, 12, or 24 months. Staking not only helps secure the network but also qualifies stakers for rewards based on the duration of their stake.
Vote Delegation:
Users who stake ORBK tokens gain voting power, which they can delegate to oracle nodes. This delegation enhances the reliability of the decentralized oracles by incentivizing accuracy and honesty in data submission. Users can also opt to sell their voting power in a delegation portal for a bribe, providing a flexible mechanism for token holders to earn passive income.
Example:
Staking and Delegation Flow:
User stakes 1,000 ORBK tokens for 12 months.
Based on the staked amount, the user receives corresponding voting rights.
The user chooses to delegate their voting rights to a trusted oracle node for enhanced data reliability.
Alternatively, the user can list their voting power on a delegation portal, setting a price for others to buy the right to use their votes.
Rewards accrue both from the staking itself and from successful delegations, either through direct rewards or the sale of voting power.
Unstake Penalities
Staked users have the ability to un-stake their tokens before the subscribed period with the following conditions
They are not engaged in a bribery term
They do not have any delegated veORBK
They pay the burn fee
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