ICON

ICX

About ICON

ICON is a decentralized network that allows different blockchains to transact with one another. The market cap is $224,844,233 and the 24h volume is $34,224,529.

Open Source, Smart Contracts, dApps
Price
$ 0.4055
24h Change
0.04%
Reward
12.97%
Score
69.20%
Total Staked
36.25%
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Monthly Earning$NaN
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Yearly Earning$NaN
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Staking ICON

ICON blockchain consensus is achieved via Loop Fault Tolerance. Investors can leverage their crypto 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: 12.97%
Adj. Reward: +6.97%
Lock-Up Period: 12 d
Complexity Rating: easy
Risk Rating: stable

Run a Sub P-Rep Node

Annual Reward: 2.74%
Adj. Reward: +0.75%
Required votes:1,694,446 ICX
Complexity Rating: very hard
Risk Rating: moderate

Run a Main P-Rep Node

Annual Reward: 3.60%
Adj. Reward: +1.61%
Required votes:1,694,446 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

Last updated: 2020-07-12 05:31:05