Jam Galaxy
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  • Introduction
  • JAM MUSIC
    • Onboarding Guide
      • Install Jam Music
      • Optimal Latency Recommendations
      • Hardware/Software Recommendations
      • How to Report Bugs
      • Known Issues
  • Whitepaper
    • What is Jam Galaxy?
      • The Future of Connectivity
      • The Problem
      • The Solution: DePIN
      • Performance Booster
      • Future of AI in Audio
      • Decentralization & DePIN
    • Jam Network
      • AI Model Case Study
      • Latency Case Study
      • Jam Network Architecture
      • Core Technical Components
      • Data Transfer Process
      • Audio Network Architecture
      • Technical Roadmap
      • Syntropy Intergration
      • Nodes Infrastructure
      • dApp
      • SDKs
    • Jam Music
      • Jam Music App
        • Online Music Creation
        • AI Music Production
        • Artist Spaces
      • Artist Launchpad
    • $SOUND
      • Tokenomics
      • Token Utility
      • Staking with $SOUND
      • Slashing Mechanism
      • Ecosystem
  • ABOUT
    • Team
    • SingularityNET
    • Disclaimer
  • Links
    • Artist registration
    • Newsletter
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  1. Whitepaper
  2. $SOUND

Staking with $SOUND

The $SOUND token offers a dynamic staking system that empowers users to actively contribute to the Jam Galaxy ecosystem while earning rewards. The staking mechanisms include:

  1. Node Operator Staking: Users can stake $SOUND to become node operators, contributing critical resources like bandwidth, storage, and computing power to the decentralized network. In return, node operators earn staking rewards and play a vital role in maintaining the platform's infrastructure and efficiency.

  2. Platform Staking (Credits): Participants can stake $SOUND to earn in-platform credits, which can be used for accessing premium features, boosting visibility, and unlocking additional tools. This incentivizes long-term engagement and enhances the overall user experience.

  3. Borrow to 3rd Parties: Stakers have the option to lend their staked $SOUND tokens to third parties within the ecosystem, enabling other users to participate in staking mechanisms or access platform services. In return, lenders can earn additional rewards or negotiated returns.

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Last updated 3 months ago