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On this page
  • What are Staking Pools?
  • How to Get Started with Staking
  • What is Locked Staking?
  • Rewards and Redemption

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  1. Services

Staking Pools

Staking is holding cryptocurrency in a wallet for a period of time to support blockchain operations.

What are Staking Pools?

  • Purpose: Groups of users combine their crypto holdings to increase their chances of validating transactions and earning rewards.

  • Benefit: Even those with a smaller amount of cryptocurrency can participate and earn rewards.


How to Get Started with Staking

Available Tokens: KoinBay offers staking for KBT and USDT.

  1. Choose Staking Product:

    • Navigate to the Staking page.

    • Select the asset and lock period.

    • Review the estimated APY, lock period, and minimum amount.

    • Note that staked assets will be locked and cannot be withdrawn or transacted with during the staking period.

  2. Subscribe:

    • Enter the amount you want to stake.

    • Confirm by clicking 'Agree to PoS'.

    • Interest starts accumulating from 00:00 (UTC) of the following day.

    • Rewards are distributed weekly to your Fiat and Spot Wallet.

  3. Tracking:

    • Check 'Pending', 'Processing', and 'Finished' staking operations.

    • View staking history under 'Staking Report' or 'Financial Account'.

What is Locked Staking?

  • Process: Locking digital assets on a Proof of Stake blockchain.

  • Rewards: Earn staking rewards for contributing to the network.

  • Ease of Use: KoinBay handles the technical requirements.

Rewards and Redemption

  • Accrual of Rewards: Interest begins from the start date and is distributed daily.

  • Redemption:

    • Assets are redeemed after the staking period.

    • Unlocking takes about 48-72 hours due to time zone differences.

    • Principal withdrawal is only possible on the release date, but interest can be withdrawn anytime.

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Last updated 2 months ago

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