Have you checked out the IoTeX Delegates website yet? There are already 40+ Delegate candidates listed and more coming soon! If you need one more reason to check it out, staking is now open for everyone on the website.

Got some IOTX tokens sitting on an exchange or in a hardware wallet? Before voting for Delegates begins on March 11, you can put your IOTX tokens to work! Starting today, you can stake your tokens and earn 20–30% annualized returns — the sooner you stake, the more rewards you will earn!

What is staking?

IoTeX uses Roll-DPoS, where Delegates “prove their stake” by committing resources (i.e., time, HW, tokens) to the IoTeX network. Voters also stake tokens to endorse one or more Delegates and receive a share of the Delegate’s rewards. As a voter, staking makes the IoTeX network more secure and efficient, and also earns you rewards on your IOTX tokens!

Today, we are releasing a standalone staking tool to help you prepare for voting on March 11. That means you should collect your IOTX tokens from various exchanges/wallets and start staking today!

For more details, please see our Voter’s Handbook.

Why should I stake now?

As a digital democracy, IoTeX is more effective and secure with more staked tokens. As such, we are giving out early bird rewards for staking starting today! For your staked IOTX tokens between today and Mainnet launch, the IoTeX Foundation will provide:

20% annualized returns on staked IOTX with <28 days stake duration

on staked IOTX with <28 days stake duration 30% annualized returns on staked IOTX with ≥28 days stake duration (i.e., staked until Mainnet). Limited spots available!

Remember that after Mainnet begins, voters are eligible to receive 20%+ annualized rewards from Delegates for voting. Until then, IoTeX Foundation will provide the rewards as a thank you to the community. The sooner you stake, the more rewards you will earn, so stake today!

Early Voting Rewards Update as of April 22

Rewards will be distributed as voting buckets which will be automatically show in “My Votes” section. One account will only receive one reward bucket. Your rewards from multiple eligible buckets will be calculated separately and sum-ed up into one reward bucket.

Bucket which is eligible for 30% annualized returns

The bucket was created before March 31st

The bucket applies to ≥28 days stake duration

Both enable and disable “auto-stake” work

Bucket which is eligible for 20% annualized returns

The bucket applies to less than 28 days stake duration

Both enable and disable “auto-stake” work

Notes

Rewards will be distributed before the end of April 24 in PDT time zone. List details can be found here: https://github.com/iotexproject/community/tree/master/rewards

If your total rewards are less than 100 IOTX, they will be directly sent to your wallet address which connects with our voting website.

Total reward of 1 IOTX or less will not be distributed.

If you have any questions regarding the rewards calculation, please fill in the following form. We will verify your account again and contact you if the calculation needs to be updated.

How do I stake?

The staking process will be performed on Ethereum and streamlined thanks to our easy-to-use MetaMask webtool! Here are step-by-step instructions: