Now Token is the utility token of the cryptocurrency exchange ChangeNOW.
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- How to stake Now Token?
To start staking, you need to freeze a certain amount of tokens into the network. To get a reward for staking tokens, you need to have at least 10 NOW tokens frozen. The reward is granted to all stakeholders on a weekly basis. The reward calculation process is automated, so just be sure that you have the desired amount of tokens staked and do not unfreeze them during the week.
- Go to the NOW Staking website.
- Click the “Stake it NOW” button. You will be offered a number of tools — today, it’s BEPTools and Guarda Wallet (with instructions for staking provided).
- Follow the provided instructions for each staking method.
- Congratulations! You have just started staking your NOW.
- How much can i make staking Now Token?
The longer your hold the stake, the bigger your reward will be! You can whenever increase the staking amount without loosing a multiplier
- Stake <1w: 5% annualized
- Stake 1w – 1m: 10% annualized
- Stake 1m – 6m: 15% annualized
- Stake 6m – 12m: 25% annualized
Every 1,500,000 NOW distributed as a staking reward, the token reward halving occurs, reducing the inflation and increasing demand!
You can check in our Metrics Tab how many rewards have been distributed so far in total.
- How often will i get rewards?
ChangeNOW distributes you the rewards every week — on Wednesdays at 12 UTC.
- What are the requirements to stake Now Token?
The minimum sum you can stake is 1 NOW. The maximum amount for which we grant the rewards is 100,000 NOW. If you stake more, you will only be rewarded for 100,000.
The minimal staking time span is 1 week. The duration of NOW Staking is not limited — stake for a year or more.
- What are the risks staking Now Token?
The Now Token is deployed on the Ethereum and Binance Blockchain. The Staking Mechanism is deployed on the Binance Blockchain. There is a smart contract risk and a counterparty risk to trust ChangeNOW in proceedings to continuously filling up the Reward Pool.
- How can i stop staking Now Token?
You can unfreeze your NOW Tokens at any time. If you decide so, the best time to do this is Wednesday after 12.00 UTC — because if you withdraw before this time, we won’t be able to grant you the reward for the past week. The Unfreeze transaction costs 0.005 BNB.