With the massive growth of the NFT sector and its mass adoption, we thought to add this new type of token in our dApp. Users could convert their loyalty or rewards points into $BITE, access and manage both cryptocurrencies and non fungible tokens from one place, stake them and get rewarded for it.
We’re pleased to announce the launch of our second staking program on MANTRA DAO which is now open to all $BITE holders.
Staking is an important component for any DeFi project. It allows token holders to generate passive income by simply contributing their tokens to a pool for a given period of time.