🪙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.
Last updated
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.
Last updated
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Users who stake $IOTX for over 90 days will earn 0.05 points daily for each $IOTX staked.
BinoBits rewarded = Number of $IOTX staked * Number of staking days * 0.05
The maximum staking duration for staking Incentive with $IOTX is 365 days. Any staking beyond 365 days will receive BinoBits based on a 365-day duration.
Only by selecting "Stake Lock" with a Staking Duration of over 90 days can you earn BinoBits.
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.
