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What is Staking?

ProBit Support
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What is Staking?

Staking is the process of holding a specific amount of tokens in a staking wallet. Tokens that are staked are subjected to a specific lock-up period during which they can’t be unstaked and will not be available for use in any transactions (deposits, withdrawals, and trading are not allowed). 

 

What is the Benefit of Staking?

Staking is often used by traders as a way of generating passive rewards. Go to your Staking Wallet to see the list of active staking events and the tokens that can be staked: https://www.probit.com/en-us/user-center/wallet/stake

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What is the Benefit of Staking PROB?

ProBit token (PROB) staking is unique in that the specific amount of PROB held in the staking wallet determines the user’s VIP membership level at ProBit. Higher membership levels unlock benefits such as lower trading fees, stake mining rewards, and eligibility for trading competitions. 

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A request can be made to unstake PROB anytime after the 180-day lockup period has passed. 

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For more information, refer to the following links:

Stake Mining:

https://support.probit.com/hc/en-us/articles/360040058791-ProBit-Stake-Mining-Stake-PROB-Earn-4-per-annum-PROB-rewards

Trade Mining:

https://support.probit.com/hc/en-us/articles/900000665586--Bitcoin-Halving-Event-Mine-ProBit-Tokens-PROB-Everytime-You-Trade-at-ProBit




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3 comments

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  • marcellehudon6320

    JUST A LITTLE OLDER WOMEN NOT A TRADER. USELESS TO USE STAKING PROBABLY.

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  • marcellehudon6320

    Can I mine probit

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  • nglethuong89

    how can I unstake probit. 

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