Stake

Staking involves the process by which holders of tokens commit a portion of their tokens to a designated wallet, known as a "staking pool." This act supports the network's operation, enhances its security, and contributes to its overall functionality. In return for their commitment, participants receive rewards in the form of additional tokens or other benefits. Staking is a critical mechanism that encourages active participation within the community, ensuring the blockchain's integrity and sustainability.

Staking Protocol

The staking protocol operates on a fixed-term basis, where tokens are locked for a specified duration. The rewards associated with staking increase with longer commitment periods. The available staking durations include one month, three months, six months, and one year. The duration of the stake and the amount of tokens staked determine the level of benefits the holder is eligible to receive.

Staking Benefits

• Governance: Stakers earn voting rights on administrative matters related to the Nortech App, contributing to decision-making processes within the ecosystem and future investments in Nortech Labs

• Passive Income: Participants are entitled to profit-sharing, receiving a portion of the network's generated revenue.

• Early Access Program: Stakers gain early access to select courses and participate in beta testing programs for upcoming developments from Nortech Labs.

• Builder-Level Perks: Subscribers receive various benefits tailored to meet the needs of content creators, enhancing their experience on the platform.

• Discounts: Stakers enjoy progressive reductions in fees, with greater discounts offered for longer staking periods.

Profit Sharing

The profit-sharing component of staking rewards is directly influenced by both the duration of the stake and the amount of tokens committed. Yields are generated from a portion of the platform's profits, distributed in USDT/USDC.

The distribution of earnings per staked token is determined by a percentage of the yield, calculated using the following formula:

$$\textit{staking earnings} = i \times\textit{yield}\times \frac{\textit{staked token}}{\textit{total of staked tokens}} ,$$

where $i=30\%$ represents this percentage.