What is a
Mining is similar to staking in its purpose - to reward gamers and collectors for their loyalty in holding an asset. The difference here is that mining is tailored towards rewarding digital asset holders, rather than token holders as is the case with the staking platform.
Within the ChainGuardians ecosystem, every digital collectible has a hash-rate - this is the amount of power your asset has to mine. The higher the hash-rate; the more blocks you will be able to win. Winning blocks will reward you with tokens which can be utilised within the staking platform, such as $CGG, $POW or $cTokens.
Steps to Mining
How Mining Works?
Purchasing ChainGuardians' assets, or partner assets, will provide you a 'hash-rate', which is used to mine. You must form a team of miners (assets) in order to compete with other teams and win blocks. Top tip: rarer assets will give you a higher hash-rate and more chance to win blocks - ChainGuardians' assets are always amongst the most rare!
The Benefits of Mining
When you stake your assets you can gain rewards across the ecosystem. By joining a mining pool you can increase your hash-rate to combine with other members and gain a share of the rewards.