Hamster ($HMSTR): How to Calculate Your Rewards
The Hamster token ($HMSTR) is designed to reward its holders with a straightforward process for calculating passive income. By holding $HMSTR, you can earn rewards based on your token balance and the annual percentage yield (APY) offered by the platform.
Steps to Calculate Your $HMSTR Rewards:
1. Determine Eligible Holdings: Check your $HMSTR balance to ensure you meet the minimum holding requirements.
2. Rewards Rate: Verify the current rewards rate (for example, 5% APY) and see if any bonus promotions are available.
3. Calculate Rewards: Multiply your eligible holdings by the rewards rate. For instance, if you hold 1000 $HMSTR and the rate is 5%, youâll earn 50 $HMSTR annually.
4. Distribution Schedule: Rewards are usually distributed daily, weekly, or monthly, depending on the platform's policy. For example, if your annual rewards are 50 $HMSTR, youâll earn about 0.137 $HMSTR per day if distributed daily.
Always check for updates as reward rates and distribution schedules may change.
While $HMSTR is an appealing choice for passive income through holding, its simplicity complements more advanced DeFi platforms like DODO, offering users a diverse range of opportunities in the crypto space.
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