I don't quite understand, will this token run like a bank with interest earned per anum? If we maintained a balance within your system, will interests grow
Absolutely. Staking is a centralized option whereby once you deposit StakeIt tokens under your account on the web wallet, it stakes automatically according to your staking rates (Default free staking rate: 0.035% per day). You can increase this staking rate by purchasing paid staking plans (Basic: 0.04%/day, Premium: 0.055%/day, VIP:0.07%/day). There is no locked-in withdrawal limit and you can withdraw them to your own ERC20-compatible ETH wallets at any time you wish to do so.
You can also join our team as an affiliate and start earning commissions on referring sign-ups and sales of these staking plans. All payouts are made in ETH.
Additionally, as a centralized bank/system, we destroy all tokens we receive as revenues and fees. This is to ensure that the total supply of the token continuously decreases whilst maintaining the growth of demand on the market.