Staking rewards and airdrops
Staking and the role of forgers
Staking involves locking your existing crypto asset tokens to validate transactions on the blockchain and create new blocks. The users who create new blocks in this system are known as forgers.
Proof of stake is a consensus mechanism, where forgers hold units of a crypto asset to validate transactions (like a miner on a proof of work blockchain) and create new blocks. When a transaction is verified on the network as valid there is a consensus.
Her are Some Example of staking existing crypto assets
Ama holds 50,000 Coin A tokens, which she stakes to a Coin A pool as a premium staker and Then
Ama receives additional Coin and tokens when her pool participates in consensus. Anastasia also receives a small payment of Coin A tokens from the node leader for supporting their node.
The money value of the additional Coin A tokens that Anastasia receives is included in her ordinary assessable income at the time she receives the tokens.
The cost base of Ama additional Coin A tokens is their market value at the time she receives them.