DDKoin is a community platform aiming to create economic opportunities through the development of blockchain solutions.
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- How to stake DDKoin?
To stake DDKoin, users need to create DDK account and have more than 1 DDKoin in their DDK mainnet account. The minimum amount DDKoin can be stake is 1 DDKoin with fees 0.01% from the amount of the staked DDKoin. Users need to click on the Stake button and insert the amount of DDKoin that they want to stake and put their passphrase to complete the process. After that, users can check their staking contract at stake tab on the DDK mainnet platform to know the number of votes that they already performed and the next vote milestone.
- How to vote for Delegates?
To vote, users need to click on the delegates tab and choose their preferred delegates to be voted. Minimum 1 and maximum of 3 delegates can be voted per transaction. Users may vote max of 101 Delegates per account lifetime.
- How much is the voting fee?
The voting fee is 0.01% from the amount of the staked DDKoin of a maximum of 3 delegates per transaction. Stakeholder who votes more than 3 delegates on the following transaction (maximum of 3 delegates per transaction) will have to pay an additional voting fee based on 0.01% from the amount of staked DDKoin.
- How much can i make staking DDK?
Once users have staked their DDKoin, they need to vote for the delegates to get the staking rewards. Users will get a 10% reward from the amount of staked DDKoin every time after completing 4 times voting of the first year. After that, the rewards will decrease by 2% every 6 months. The only condition with this reward is to vote four times every 7 days.
Make sure to try the DDKoin Staking Calculator for check projected rewards.
- What are the requirements to stake DDK?
To stake DDKoin, users need to have more than 1 DDKoin in their DDK mainnet account. Users may purchase DDKoin from any crypto exchange that listed DDKoin. The minimum amount of DDKoin can be staked is 1 DDKoin with fees 0.01% from the amount of staked DDKoin.
- Is there any risk in staking DDK?
There is very little risk in staking DDKoin. Users just need to perform voting after every 7 days until completing the 4 times voting to receive the staking rewards. The staked DDKoin will automatically be converted into liquid DDKoin after the 24 votes are completed and the DDKoin will automatically appear in the users account wallet as liquid DDKoin. However, since DDK is a decentralized platform there is a small percentage of decentralized risk that need to be considerate in a decentralized blockchain platform.