HollaEx token or in short XHT can be staked through a process known as exchange collateralization. It is the central part of the HollaEx kit exchange setup and is used as liquidity previsions in the network.
A little amount of collateral can be added at a time and at anytime the exchange project can be opened to multiple parties by going public. To find other projects you can visit the projects page on the bitHolla dashboard.
To collateralize/stake the HollaEx token you must log in to https://dash.bitholla.com and create your own exchange, after which you will see on your exchange page links for collateralizing. Alternatively, you can contribute XHT towards collateralization for other projects by searching for them on the projects page. This will require the exchange operator to open their exchange for multi-party collateralization AKA going public for the purpose of crowd-funding XHT.
Click collateralize after making your own exchange on https://dash.bitholla.com
The staking mechanism requires tokens to be collateralized for an exchange which would then give grant lifetime access to the open exchange software HollaEx Kit with all its updates.
Collateralized tokens can be reclaimed after a minimum of 6 months from the initial collateral request and 1/6 of the collateral can be reclaimed automatically every 30 days.
Staking requires you to collateralize a certain amount of tokens based on the exchanges slot number (ESN). Anyone can run multiple exchanges with enough HollaEx tokens.
The first exchange slot requires 500,000 XHT and each slot afterward requires 0.5% less XHT to collateralize. This table demonstrates the collateral amount required for different exchange slots.
|Exchange Slot Number||Required Collateral (XHT)|
If tokens are all reclaimed then the exchange slot number is thus given up and open for others to claim in a first come first serve fashion. To claim an exchange slot number the required amount of HollaEx tokens must be collateralized.
Additionally, the HollaEx tokens redistributed during the Wave Auction gets redistributed proportionally to the amount collateralized meaning the more you collateralize (lower exchange slot) then the more you will receive proportionally from the redistributed HollaEx tokens during the daily Wave Auction.
Each exchange slot number is unique and the earlier the slot exchange number the more reputable and valuable can be leverage in the future for liquidity and HollaEx exchange network lending markets.
You can find more information on the 'Exchange Network' section of the white paper.