e. ๐Ÿค‘ Staking and Rewards

Staking is the process of holding a certain amount of $IBZ tokens in a wallet to secure the network and to earn rewards. Users who participate in staking will receive a percentage of the total network fees as a reward for their contribution to the network security.

The $IBZ token allows holders to participate in staking and earn rewards in several ways, including:

  1. Staking Single Side : Users can participate in staking by holding a certain amount of $IBZ tokens in a wallet to secure the network and to earn rewards. Users who participate in staking will receive a percentage of the total network fees as a reward for their contribution to the network security.

  2. Staking LP: Users can also participate in staking by providing liquidity to the $IBZ token on decentralized exchanges (DEXs) that support $IBZ tokens, such as Uniswap or SushiSwap. Users can earn rewards in the form of trading fees.

The rewards earned through staking vary depending on the level of participation and the amount of $IBZ tokens staked. The rewards are distributed on a regular basis and can be claimed by the staker at any time.

Additionally, the $IBZ token can be used for governance, allowing token holders to participate in the decision-making process of the Ibiza Token ecosystem. Token holders can propose and vote on changes to the protocol, such as changes to the tokenomics or the addition of new features.

In summary, staking and rewards are an essential part of the Ibiza Token ecosystem, providing a way for token holders to earn rewards while securing the network and participating in the governance process.

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