To participate in staking, you will need to. :
-Hold the CENNZ
-Agree to lock, and agree to staking a minimum value of CENNZ (minimum number of nominators and validators is 10,000 CENNZ).
- Nominators are not allowed to use more than one nominator.
-The nominator can be staked with multiple validators. If only some of your chosen validators are elected, your token stake will be automatically moved to the pool of elected validators. In subsequent elections, the nominator's original choice is retained.
-If the validator chosen by the nominator is found not to be functioning properly, a portion of the stake will be cut off. This includes the nominator's staking.
-The nominator staking tokens will be locked for the duration. The nominator staked tokens will be locked for the duration and there will be a slight delay in returning them to verify that the validator was executed correctly. This is a security measure. We need some time to make sure the validator/nominator has not done anything wrong before the funds can be withdrawn at will.
-The Nominator's CPAY reward is proportional to its contribution to staking. If you contribute 30% of the total staking behind the validator, you will receive 30% of the CPAY reward. Note, however, that the validator can also take a commission, which will be removed from the total reward available to the nominator.
-If you are voting for the same validator, please note that the more nominators you have, the less CPAY you will receive, and therefore the less return you will get. There is also a risk-reward incentive to choose a validator that no one else has nominated and get a larger share.
-The reward will be paid automatically at the end of Era (24 hours).
To send a staked token, you need to unstake it. However, the token will be in the "request to unstake" status for 28 days after unstaking, and you cannot send money immediately. This period when you cannot send money is called the "lock period". You can withdraw your CENNZ after the 28 days lock period is over. You can withdraw your CENNZ after the 28-day lock period has expired, and you will not receive any staking rewards during the lock period.