🪙IoTeX Staking
Staking is a core part of decentralized governance in the IoTeX Network, where token holders deposit (“Stake”) IOTX to facilitate network operations, consensus, and governance.
Stake to earn BinoBits at the highest multiplier 🎁
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BinoBits Reward
During the GGS2 period, users who stake $IOTX for 91 days or more will receive BinoBits point rewards.
If the staking duration is greater than 90 days but less than or equal to 365 days, the reward points will be calculated as: Reward Points = Staked $IOTX Amount × 0.05 × Staking Days
If the staking duration exceeds 365 days, the reward points will be calculated as: Reward Points = Staked $IOTX Amount × 0.05 × 365 / 91
The user's daily reward will be calculated as: Daily Reward = Staked $IOTX Amount × 0.05 × Staking Days / Remaining Event Days
This applies regardless of whether the user has enabled Stake-Lock.
If a user performs a Restake operation on Bucket during the event period, making it eligible for rewards, it will also be considered a valid Bucket.
Staking points will be synchronized once a day at a random time.
Extra Staking Perks?
Staking IOTX makes you change from a holder to a contributor. You can help to facilitate network operations, consensus, governance and also enhance the security and efficiency of the IoTeX Network by staking.
By staking, you can receive votes (1 IOTX = 1 vote) and earn IOTX rewards in return. With IoTeX, the staking interest rate is up to ~11% APY.
Staking your IOTX to a delegate results in depositing them into the blockchain itself, under no circumstances will your IOTX be transferred to the Delegate. You will maintain exclusive control over your deposit at all times.
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