Salaam
I had a query regarding a particular token - Verasity (VRA) and wondered whether staking it would be permissible.
The way staking works here isn’t in the PoS way. Instead -They basically reward you for holding tokens and reward you from tokens held in their foundation. It’s simply a staking reward for holding their tokens.
Would this be permissible as no lending out takes place?
Thanks
Farhan
Wa alaykum salaam,
Do you transfer your tokens to their wallet?
If so, do they owe you the same amount back?
Do they use your tokens?
Assalamu Aleikom I’m also invested in this coin. You stake on vera wallet site which belongs to them but only you have access to the wallet. The amount never leaves the wallet and you always have control of the crypto. Once you unstake you have the full amount. Jazakallah khayr
As per their website the staking tokens are locked in a proof of view mechanism which the advertisers use, this proof of view help detect fraud or bot views from the real user views, this is the problem thsi project is solving separating real views from bot views. The stake token are part of this mechanism which they call “proof of view”.
Regards to your questions, yes you have to transfer tokens to their wallet and you get the same amount back plus staking reward. You can also keeps your coins in their wallet and not stake and you can withdraw your coins whenever you want.
Waiting for your reply Mufti Sahab