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Author Topic: [ANN]RYZ: Staking and Rewards Walkthrough  (Read 186 times)
vondagon (OP)
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July 28, 2020, 03:17:41 PM
Last edit: July 29, 2020, 10:01:00 AM by vondagon
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What is RYZ?

RoyalStarz Is A TRC20 Token with high interest features. Stake & claim Free RYZ tokens for bitcoin holders!



RYZ and HEX alike are designed to yield huge increases in value over time and reward users in the process. Concretely, value appreciation is what these coins do well, and is solely why they are being used by the Cryptocurrency community.

Technology
RYZ’s staking mechanism is powered by a smart contract hosted on the Tron blockchain. This smart contract mimics a Certificate of Deposit, a product that is traditionally offered by banks that are designed to reward users for leaving funds in an account for a prolonged period of time.

This is exactly how staking works with RYZ, only it is controlled by no one and is totally automated via the smart contract hosted on Tron.

Major functions of RYZ’s browser based DAPP including:
· Setting up an account on TokenLink (Tron’s bowser extension hosting a Tron wallet) to access the RYZ DAPP.

· Using the Adoption Amplifier to transform TRX into RYZ, and receiving a share of the daily minted RYZ tokens.

· How to claim free RYZ based with your Bitcoin holdings.

· How to leverage the Refer function and be rewarded for introducing new users to RYZ.

Installing the TronLink Extension

TronLink is available for iOS, Android and as a browser extension for Chrome. We will be using the browser extension here — simply visit the extension in the Chrome Web Store and add it for free. Once installed, it will appear in the top right of your browser window.

Claiming free RYZ with your Bitcoin Holdings
The idea here is that you will receive RYZ depending on how much Bitcoin you hold. The more you hold, the more free RYZ tokens you will receive. This is a way of rewarding users who have already invested in Cryptocurrency, and promotes the ecosystem as a whole.

Even one Satoshi (0.0000001 BTC) is eligible to receive RYZ, so no BTC amount is too small to receive free RYZ.

Insert your BTC address and the system will check whether you indeed own that address. RYZ will then be minted directly into your TronLink wallet.

The Claim reward is currently 2000 RYZ for each BTC claimed.



Start Staking RYZ
Where things start to get interesting with RYZ rewards is with its Staking system. Staking provides high interest rewards for users who voluntarily stake their RYZ tokens. Once tokens are staked, interest will be generated indefinitely until you withdraw your tokens from the staking pool.

Your reward rate and eligible bonuses are all outlined before you stake within the Stakes tab of the DAPP:



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