Proof-of-stake cryptocurrencies are more energy-efficient alternatives to proof-of-work cryptocurrencies, which need mining equipment that employs computational power to solve mathematical equations.
Staking is a terrific technique to make passive income with your cryptocurrency.
Our MZX tokens are based on the Proof-of-Stake mechanism, which allows users to stake their NFTs on our platform in exchange for MZX tokens as a reward.
A token is burned when it is delivered to an unusable wallet address in order to remove it from circulation. Our team hosts a burning procedure to increase the value of the MZX token. The purpose of this procedure is to express gratitude to our users and the audience that is holding our coin.