LFT token is the utility and governance token of Liftedbit. The eLFT token represents escrowed LFT.
When staking LFT, users can earn three different rewards:
- 1.Earn eLFT token: Users can receive eLFT tokens, which can be directly converted for LFT and sold on decentralized exchanges (DEX). Alternatively, users can stake eLFT tokens to earn additional rewards.
- 2.Receive share incentives: Users can earn rewards by inviting and sharing Liftedbit with other users. This incentivizes user growth and community engagement.
- 3.Receive extra bonuses from the treasury: Users may be eligible to receive additional bonuses from the treasury, providing an extra boost to their staking rewards.
These reward mechanisms provide multiple avenues for LFT stakers to earn rewards. They can benefit from token swaps, staking eLFT, inviting others to join the platform, and potentially receiving extra bonuses from the treasury.
Staking requires a valid upline address for participation. Please ensure to provide the correct upline address to proceed with staking.