HOW SODA COIN STAKING WORKS

in #sodacoin6 years ago

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Checklist
1.Sodacoin Wallet https://coinsoda.io/
2.Sodacoin (SODA) — (Join the airdrop campaigns here https://coinsoda.io/airdrops/ )
3.Keep your coins on your wallet for at least 1 hour to start accumulating staking weight.

What is staking weight?

Staking weight is an indication which lets you know when you will be able to receive your staking rewards or if you are even staking at all in the first place.

You can check your staking weight on the bottom right corner of the wallet.
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Hover your mouse over the mining tools (indicated with a red box) and you will be able to view your staking weight, including the time it will take for you to receive your staking rewards.

If you have encrypted your wallet, you will have to unlock it to receive your staking rewards (Settings -> Unlock Wallet -> Check ‘for staking only’ -> Enter Passphrase)

What do I have to do to receive staking rewards?

All you have to do is to have some sodacoins on your wallet for at least 1 hour and that’s it.

The staking process is automatic.

If you leave your wallet on, you will most likely receive staking rewards more frequently, in smaller amounts + you will help decentralize the Sodacoin network.

If you leave your wallet off, you are most likely to receive your staking rewards in bulk, the next time you successfully ‘mine’ and receive staking rewards.

If you transfer your coins to other addresses, your staking weight will be reset and you will have to wait another 1 hour to start staking your coins.

No matter what you do, the staking rates will always be fixed at 100% per year. At the end of the year, everyone will have received their staking rewards according to the 100%/year staking rates.
Questions? Join the community on https://t.me/coinsodacommunity/