Bitbay is a decentralized Market with Smart Contracts. The market cap is $420,609,201 and the 24h volume is $17.
Bitbay blockchain consensus is achieved via Proof of Stake. Investors can leverage their crypto via staking. Currently there is 1 option to earn passive income and staking rewards with your Bitbay investment as outlined below.
- How to stake BitBay?
To stake BAY coins it is recommended to run the official BitBay Core wallet with an entire copy of the blockchain on your Computer 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 BitBay rewards depends on the Block Reward, Block Time, Daily Network Rewards and Total Staked.
Every block one staker is randomly selected whereas 1 staked coin counts as one “lottery ticket”. The selected staker has the right to create a new block and broadcast it to the network. He then receives the block reward and 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 BitBay?
Staking BitBay is safe as long you protect your private keys. There is no risk of slashing.