Apr. 2 at 3:06 PM
$TAOX I was trying to figure out TAOX's cash & coins.
TAO coins end of Q3 were 50,363 coins.
End of Q3 quarter they had
$1,445,427 cash.
TAO coins end of Q4 were 81,319 coins.
End of Q4 quarter they had
$5,497,671 cash.
How staking works....
"In exchange for staking the crypto assets on blockchain networks, the Company is entitled to a fractional share of the fixed digital asset award a third-party validator node receives for successfully validating or adding a block to the blockchain. This award is remitted in the native token of the validator node and is referred to as a staking reward. The Company’s staking reward received from delegating to a third-party validator node is proportionate to the digital assets staked by the Company compared to the total digital assets staked by all delegators to that node at that time. Token rewards earned from staking are calculated and distributed directly to the Company’s digital wallets by the blockchain networks as part of their consensus mechanisms."
