So the staking for NPXS is live for a couple of hours now.
Why stake at all?
All stakers will receive 15% of the f(x) token once it will be generated on the Token Generation Event.
The f(x) token will first be an ERC20 token and you will be able to swap it at a 1:1 ration once the mainnet goes live.
Pundix will than run with 2 coins.
You can swap you NPXS later for f(x) as well but the ratio is not set and will change from day to day.
So in short, staking gives you free tokens.
The f(x) token will be distributed every 7 days and can be withdrawn every 28 days.
The whole staking process will last 12 months but you are free to cancle your staking anytime.
How to stake?
You need to download the latest version of the x wallet app (https://xwallet.pundix.com).
click card and add the function x virtual card
You must complete the new KYC process to be able to stake your coins.
click the start staking button
There are 2 ways to stake
directly through the X-Wallet
through your ERC20 wallet, which I would highly recommend as afaik you do not have your private keys in the X-Wallet.
You will need to register your wallets public address.
Exchange addresses will not work
You will be given an address on which you need to transfer the required NPXS to confirm your address.
This should be fewer than 100 NPXS
After that you should receive a small amount of f(x) tokens
Add the custom token in your ETH wallet
Do not send anything to this address though, the address to send your NPXS to confirm yours will be given by the X-Wallet!
Troubleshooting
I had several problems first with loggging into my X Wallet and after with starting the KYC.
For many people it helped to reinstall the app.
I had to switch to my mobile data and finally I was able to log in.
There is apperantly a problem which causes the send button to be greyed out so you are not able to continue.
Changing the country for a second seemed to help a couple of people.
I used the X-Wallet before and it run smoothly I guess the run on the app makes it bug out a little.
Is this all worth it?
That is up to you. I know a couple of people will not be staking because of the KYC progress.
From what I have read the rewards will look like this.
For every 100k NPXS/ NPXSXEM to stake, the holder can get approximately 18 f(x) tokens in 12 months or 1.5 f(x) tokens in a month or 0.05 f(x) tokens in a day, assume the holder completes all the actions required for staking in the XWallet app.
If and how valuable the f(x) token will be...no idea.
Leider hab ich keine und auch kein Geld mehr! 😭
das ist nicht erfreulich
nein das ist ziemlich doof. naja ich hoffe ich bin auch so gut aufgestellt. bleibt bestimmt noch zeit bis zum nächsten bullrun
Nice to get informed about it
being informed is most of the time good
I think its a helpfull article for staking.
thx
Thanks for sharing. Resteemed :-)
gerne und danke :-)
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