Get free KOMODO rewards!

in #komodo7 years ago (edited)

Yes! KMD accrues 5% rewards per annum. Your interest must be claimed once per year since that is the maximum cap. Once your time reaches 365 days, you will stop accruing rewards. Agama makes is very simple to claim interest.

Step-by-step guide

  1. Open Agama

  2. Wait for synchronization and navigate to the Transactions Tab

  3. If you have interest in your address, you will see the Claim button

  4. Click Claim and Choose the inputs you want to claim interest

  5. Wait for Balance to update and refresh wallet if necessary after a few minutes

Done!

KMD is a unique type of Proof-of-Stake that does not require you to have a wallet online to accrue rewards. Instead it's a zero-footprint PoS. To claim interest you simply have to spend an input. If someone sends you 100 KMD in one transaction and 1 year later you wish to claim the 5% interest, all you need to do is send your balance to yourself. This is the action that the claim button automizes. The latter resets the utxo and it will materialize your interest into the spendable balance.

(source: https://komodoplatform.atlassian.net/wiki/spaces/KPSD/pages/20480015/Claim+KMD+Interest+in+Agama)