About Starname IOV
Starname IOV is creating a human-readable and cross-chain blockchain address. The market cap is $2,212,670 and the 24h volume is $158,429.
Staking Starname IOV
Starname IOV blockchain consensus is achieved via Tendermint. Investors can leverage their crypto via staking or delegating. Currently there are 2 options to earn passive income and staking rewards with your Starname IOV investment as outlined below.
Run a Validator Node
- How to stake IOV?
The IOV token is implementing the Cosmos SDK staking module, staking happens exactly as on Cosmos chain with ATOM.
To stake IOV, you Delegate your IOV to a Validator for a minimum Bonding period (3 days), and you earn the inflation rate proportionally to your amount at stake.
For the average user, the best way to stake IOVs is by delegating to one of the Validators of the Network.
You can delegate/bond your IOV in a single click within Ledger or Cosmostation Wallet.
If you want to reinvest your rewards, you have to manually claim them and delegate them again.
Please consider that withdrawing your funds from staking will take 3 days.
- How much can i make staking IOV?
With the proposed block time of 5s, the initial inflation is 12%. The effective inflation depends on the actual current block time.
The proposed inflation will rise by up to 13% p.a. to 25% until we reached a Total Staked of 80%.
Once the Total Staked is over 80% the inflation will slowly decrease back until 12%.
Effectively the staking yield always depends on the total staked, proposed inflation, block time, and transaction fees, which are live tracked on this site.
Every service fee paid for registering or managing a starname is redistributed in the reward pool and increasing the staking reward. From that side, the more names are bought, the more rewards are distributed. If you are interested in being a Name distributor, you can earn extra commission on every name transaction as well.
You can calculate your earnings in the IOV Staking Rewards Calculator.
- Is there any risk staking IOV?
Yes even by delegating IOV, the coins are at risk of slashing.
If the Validator misses blocks or tries to corrupt the network, the delegator holdings might get slashed.
Therefore it is very crucial to choose a professional and trusted Staking Provider.