What Is Proof-of-Stake? What Is Staking?
Staking is the process of locking cryptocurrency tokens in a smart contract to support network operations, in exchange for earning rewards. It's conceptually similar to earning interest in a savings account, but with higher rates available in crypto networks. BMIC's staking offers 85% APY — far above any traditional financial product.
BMIC Staking Mechanics
When you stake BMIC tokens:
- Your tokens are locked in the staking smart contract
- Rewards accumulate daily at the equivalent of 85% APY (approximately 0.233% per day)
- Rewards are distributed as additional BMIC tokens
- You can choose to compound (restake rewards) or claim them separately
Compounding Calculator
| Starting Tokens | After 3 Months | After 6 Months | After 12 Months |
|---|---|---|---|
| 1,000 BMIC | 1,213 | 1,470 | 1,850 |
| 10,000 BMIC | 12,130 | 14,700 | 18,500 |
| 100,000 BMIC | 121,300 | 147,000 | 185,000 |
Approximate figures with monthly compounding. DYOR. Not financial advice.
FAQ
When can I start staking BMIC?
Immediately after purchasing in the presale. Access the staking interface at bmic.ai after your purchase confirms.
Is the 85% APY fixed?
85% APY is the current presale staking rate. Rates are typically reviewed and adjusted post-TGE based on network participation and tokenomics. Lock in presale rates now.
Can I unstake at any time?
Staking terms including lock periods are detailed at bmic.ai. Review current conditions before staking.