ICON

ICX

About ICON

ICON is a decentralized network that allows different blockchains to transact with one another. The market cap is $109,772,825 and the 24h volume is $13,790,447.

Open Source, Smart Contracts, dApps
Price
$ 0.2068
24h Change
1.13%
Reward
16.24%
Score
68.98%
Total Staked
29.10%
StakingOverviewMetricsCalculate

Staking ICON

ICON blockchain consensus is achieved via Loop Fault Tolerance. Investors can participate via creating blocks or voting. Currently there are 3 options to earn passive income and staking rewards with your ICON investment as outlined below.

Stake ICON

Annual Reward: 16.24%
Adj. Reward: +10.24%
Lock-Up Period: 11 d
Complexity Rating: easy
Risk Rating: stable

Run a Sub P-Rep Node

Annual Reward: 9.95%
Adj. Reward: +4.16%
Required votes:1,658,255 ICX
Complexity Rating: very hard
Risk Rating: moderate

Run a Main P-Rep Node

Annual Reward: 12.89%
Adj. Reward: +7.10%
Required votes:1,658,255 ICX
Complexity Rating: professional
Risk Rating: moderate

FAQ's

  • How to stake ICON (ICX)?

    Every ICON holder can stake his ICX tokens with a single click inside the official wallet.

    Stakers receive 3 votes for each token. They can be used to vote for certain Representative Nodes, dApps and Ecosystem Expansion Programs. For each vote they receive 2 – 12% annual rewards. For all 3 votes this will result in a total reward between 6 – 36%

  • Which network metrics do the staker rewards depend on?

    The reward depends on the Total Staked %. If 70% of the network tokens are participating in staking, the reward gets capped at 6% for stakers.

    In future the reward will depend on the number of votes for the 3 categories (Nodes, dApps, EEP). If one category is underserved it is more lucrative to vote for it.

  • How to run an ICON Public Representative Node?

    Validators operate Representative Nodes (I-Reps) and the 22 Validators with the most votes get the rights to validate transactions and create new blocks. They are considered Main P-Reps. Another 78 Validators are considered Sub P-Reps. They still receive rewards based on their number of votes, but do create new blocks.

    Running an I-Rep Node requires a professional hardware setup and you need to have sufficient funds or votes to be in the Top 100.

  • Which network metrics do the P-Rep rewards depend on?

    Main P-Reps receive Block Validation Rewards, which account for 50% of the I-Rep for each node per month.

    Additionally all 100 Validator Nodes (Main and Sub P-Rep) share rewards depending on the number of votes received, whereas 1% of all votes accounts for 50% of the I-Rep for each node per month.

    The Block Time (if faster or slower than 2 seconds) may increase or decrease the rewards.

    The Node Efficiency may decrease the rewards if certain blocks are missed to create.

  • Is there a risk to stake ICON?

    Staking ICON is considered safe as long you protect your private keys. There is no risk of slashing.

Dive Deeper

Read more about ICON in our Journal Section.
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Last updated: 2020-03-27 23:20:32