🔐Staking Mechanism

At the core of its ecosystem, EcoChain introduces a sophisticated staking mechanism to support security and a participatory governance network structure. The system is oriented toward proving users with an incentive to be more deeply involved in the platform by 'staking' tokens. Accordingly, this approach purports to serve several key functions within the EcoChain network supportive of its overall health, security, and democratic governance. First and foremost, every user, by staking their tokens, literally contributes to the security of the network. This is so because staked tokens act as some form of a security deposit; the greater the amount of staked tokens, the more secure and resilient the network becomes in case of any attacks. Such is this mechanism—harnessing collective power among the EcoChain community for maintaining a defense that is robust against threats, guaranteeing integrity and reliability for this blockchain. The second reason is certainly an appealing reward for staking, which users have to participate in this security model. In essence, users can earn up to 110% APY based on the size of their stake and the duration of time they have locked their tokens within the network. This incentivizes long-term token holding, thus providing less volatility and more stability in the EcoChain economy.