# Staking

### Staking Definition

In the Blockchain context, staking is the act of locking up one's tokens. Staking is a demonstration of good faith and a testimony of your commitment and engagement. Staking activity on the GOMDori staking smart contract is public and can be tracked globally or at the public key level.

### Staking Process

The staking entity needs some $GOMD because stakes are accounted for in $GOMD.\
Staking $GOMD consists of sending you the GOMDori staking smart contract.

> ### 📌
>
> * The price in $GOMD is adjusted every day based on the previous daily average $GOMD/USDT  exchange rate.
> * Fees may apply if the staking entity outsources to a third party or uses an external software to stake.
> * There is no fee such as entrance, management, performance or exit fees implemented on the GOMDori staking smart contract.
> * There is no return on $GOMD staked such as dividend implemented on the GOMDori staking smart contract.<br>
> * Check out the [$GOMD price](https://coinmarketcap.com/currencies/gomdori/)!

### Staking Rules

* **No auto-transactions**: No automatic transaction is set in the GOMDori staking smart contract. Stakes are transferred to and transferred out of the smart contract on demand.
* **Lock-up**: Lock-up no lock-up period or policy is set in the GOMDori staking smart contract.
* **Unstake Disadvantage:** All stakers need to keep staked amount until the staked period option which can choose when they start. If staker unstakes the amount before end of staking period, the reward is going to reset to '0'.

### Staking APY(%)

| Period        | Interest(%) | Convert Annaul(%) |
| ------------- | ----------- | ----------------- |
| 2W (14days)   | 2.50%       | 65.17%            |
| 1M (30days)   | 5.00%       | 60.83%            |
| 3M (90days)   | 20.00%      | 81.11%            |
| 6M (180days)  | 50.00%      | 101.38%           |
| 9M (270days)  | 80.00%      | 108.14%           |
| 12M (365days) | 120.00%     | 120.00%           |

> ### 🚀
>
> [Get $GOMD!](https://www.gate.io/trade/GOMD_USDT)


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