NavCoin is a fast, efficient and private Cryptocurrency.
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- How to stake NavCoin (NAV)?
- What is NavCoin Cold Staking?
- Which network metrics do the rewards depend on?
- Is there a risk to stake NavCoin?
To stake NAV coins it is recommended to run the official NavCoin 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.
Ever since December 21th, 2018 you are no longer required to have all your coins connected on your Hot Wallet to consistently stake. This allows you to participate in staking the network while also keeping your coins offline for added protection.
The individual reward 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.
Staking NavCoin is safe as long you protect your private keys. There is no risk of slashing.