NXT is a digital Currency, Decentralised Asset Exchange, Marketplace and Voting System. The market cap is $9,620,179 and the 24h volume is $1,661,371.
NXT blockchain consensus is achieved via Proof of Stake. Investors can participate via forging. Currently there is 1 option to earn passive income and staking rewards with your NXT investment as outlined below.
- How to delegate NXT?
Delegating NXT to a Staking Pool can be done inside the official NXT client. It is not required to stay online. You have to define a delegation timeframe in the transaction and thereby refresh the delegation once the duration is expired.
- How to stake NXT independently?
To stake NXT coins it is recommended to run the official NXT client with an entire copy of the blockchain on your Computer, a Raspberry Pi or a Virtual Private Server (VPS).
To get the highest possible rewards, please make sure to stay online 24/7 and keep the wallet unlocked for staking only.
- Which network metrics do the rewards depend on?
The individual reward depends on the Daily Network Rewards (Transaction Fees spent in the NXT Network per Day) and the Total Staked %.
Every block one staker is randomly selected whereas 1 coin counts as one “lottery ticket”. The selected staker has the right to forge a new block and broadcast it to the network. He then receives the fees of all transactions successfully included in this block.
In our Staking Calculator you can play with the above mentioned metrics to understand the dynamics and create all kinds of reward scenarios.
- Is there a risk to stake NXT?
Staking NXT is safe as long you protect your private keys. There is no risk of slashing.
While delegating NXT you keep the coins and private keys in your own wallet.