Staking Token in Cryptocurrency

Staking token is an activity in the cryptocurrency and blockchain space, involving holding a certain amount of a specific token in your wallet to support the functions of the blockchain network. This activity is commonly carried out in blockchains using the Proof of Stake (PoS) mechanism or its variations.

Key Points about Staking Token:

• Proof of Stake (PoS): In PoS blockchain networks, token holders can stake a certain amount of their tokens as a way to contribute to the transaction verification process and network security.
• Rewards: Those participating in staking often receive rewards from the network, usually in the form of newly created tokens or a share of transaction fees. This is to incentivize token holding and network support.
• Network Security: Staking helps reinforce the security of the blockchain network by creating a consensus base of stakeholders, helping prevent malicious activities like 51% attacks.
• Lock-up Period: In some cases, there may be a requirement to hold tokens for a specified period (lock-up period) to benefit from staking.

Staking tokens not only enhance the security of the blockchain but also serve as a way for the community to participate in the management and development of the network.

LIKB(LB) is a token created by ZFIR to be the main payment currency, and used in all games released by ZFIR. With a strategic vision, we hope this cryptocurrency can develop quickly, and create a strong community after which LIKB will develop its own chain. We developers are always aware that the financial segment and the technology segment will always develop and be closely intertwined, but must always be separate from each other, so we have separated the two systems, where includes creative people in their field who can operate and complement each other to develop and grow. That's our goal. We hope users trust and grow with us to achieve future success.