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The Third Generation Blockchain Network. A multi-tier blockchain system designed to address unsolved questions of scalability, privacy, and interoperability in blockchain networks.
What is staking?
Staking the OAN is putting your Aion to work on the OAN to secure the network and process transactions in the network and to earn Aion for your contributions to network security and operations.
What is stake?
A stake is your Aion contribution to the network. Aion is considered as a stake after it satisfies a few criteria. To make it easy the network enables a secure and safe delegation mechanism that makes it easy to participate.
What is delegation?
Delegation is a trustless mechanism available on the OAN for Aion coin-holders to earn without having to worry about day to day operations.
Pools never directly own your stake and cannot spend your Aion. OAN enforces mechanisms so that your contribution is under your control and ownership.
A coin-holder delegates to a public staking pool; or in other words, a coin-holder uses delegation service from a public pool. These services mostly come with a fee which is a pre-defined percentage of the reward earnings.
Today, there are two options for earning passive income for holders of the token AION. The first is the run a Validator Node. The second delegation of tokens to a Validator Node.
The best and easiest way is to delegate your tokens or staking rights to a Validator, who manages the infrastructure to create new blocks and confirming transactions.
Delegation can only be done in the official Unity Staking interface.
The individual AION rewards depends on the Block Reward, Block Time, Daily Network Rewards and Total Staked. Every block one validator is randomly selected to create a block, whereas 1 staked or delegated token counts as one “lottery ticket”. The selected validator has the right to create a new block and broadcast them to the network. The Validator then receives the 50% of the block reward and the fees of all transactions (network rewards) successfully included in this block, whereas the PoW Miner receives the other 50%.
Delegating Aion is very safe. The investor is always in control of their private keys and the coins are not transferred to anyone. The entire staking lifecycle is managed by smart contracts. Delegating is just like voting, where the voting power is pegged to the number of coins currently held in the address.