ALEX staking involves "locking up" your ALEX tokens on the platform for an amount of time, measured in cycles, in exchange for protocol rewards.
You can think of $ALEX staking as depositing money into an interest-earning account: the longer you keep the money in the account, the more interest you earn. Similarly, the longer you stake $ALEX, the more rewards you earn. The protocol rewards are provided in the form of more $ALEX and APower tokens.
What is APower? APower is the lottery ticket that allows you to take part in any future IDO rounds on our Launchpad. It is a non-transferrable and non-tradable token that is earned by staking. Learn more on the FAQs page.
ALEX provides two different forms of staking to suit every user's need.
