Understanding the Differences Between ITLG, Staking, and vITLG in the InterLink Ecosystem
The arrival of transferable ITLG on Mainnet marks an important step in the development of the InterLink ecosystem. Following the KYC process and the Mainnet launch, eligible participants will have the opportunity to access transferable ITLG in accordance with the distribution mechanism.
The next development is the planned introduction of a staking feature. Through this feature, users will be able to participate more deeply in the ecosystem while gaining opportunities for additional rewards.
One planned mechanism involves randomly selecting some of the staked ITLG to upgrade its status to vITLG. Unlike transferable ITLG, vITLG is a non-transferable form of token.
It is important to understand this distinction because the two have different statuses and functions. Staking also introduces a form of participation that is not solely focused on ownership or trading activity.
InterLink aims to encourage long-term engagement through participation in the ecosystem. Therefore, understanding how ITLG, staking, and vITLG work is an important step before following future developments. Users should also be cautious of unofficial markets, price manipulation, and scams.
#InterLink #ITLG #ITL
The arrival of transferable ITLG on Mainnet marks an important step in the development of the InterLink ecosystem. Following the KYC process and the Mainnet launch, eligible participants will have the opportunity to access transferable ITLG in accordance with the distribution mechanism.
The next development is the planned introduction of a staking feature. Through this feature, users will be able to participate more deeply in the ecosystem while gaining opportunities for additional rewards.
One planned mechanism involves randomly selecting some of the staked ITLG to upgrade its status to vITLG. Unlike transferable ITLG, vITLG is a non-transferable form of token.
It is important to understand this distinction because the two have different statuses and functions. Staking also introduces a form of participation that is not solely focused on ownership or trading activity.
InterLink aims to encourage long-term engagement through participation in the ecosystem. Therefore, understanding how ITLG, staking, and vITLG work is an important step before following future developments. Users should also be cautious of unofficial markets, price manipulation, and scams.
#InterLink #ITLG #ITL
