Staking is the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. Essentially, it consists of locking cryptocurrencies to receive rewards in return. Users lock digital assets in the form of ‘stake,’ delegate it to selected nodes that do all the upkeep work, and later get a share of the reward. It’s similar to a fixed deposit in the traditional banking system which rewards you with a defined interest at the end of the period, as stipulated in the contract.
Ontology uses the VBFT consensus mechanism to secure its network. At any given time, there will be 7 nodes who have been voted in by the community to participate in consensus every block. Users vote for nodes by staking ONT tokens in multiples of 500 tokens per stake. Users are free to stake ONT in any node, change their stake, or withdraw their stake back.
Staking is managed in terms of rounds, which are comprised of 60,000 blocks each (previously 120,000). Each block can range from 1 second to 30 seconds, which means each round can range from 16 hours to 20 days. When a user stakes their ONT with a node, they are actually locking their ONT in a smart contract for one round to secure their vote. Any time a user would like to add or remove stakes for a node, they can submit a request to carry out that action only in the following round.
Read more below:
Besides securing the Ontology network, staking ONT for a node is rewarded with ONG tokens. For every block that a consensus node processes, it will earn a portion of the ONG paid per transaction. At the end of each staking round, the node will distribute earned ONG to users who staked with the node.
The nodes can set an individual Fee Sharing Ratio, which is a percentage of the earned ONG to distribute to users. Currently, most of the nodes are contributing 80–100% of the rewards back to users who stake with them. The amount of ONG you receive from fee-sharing will be based on the amount of network traffic from transactions for each round.
There are three types of rewards you can get through staking:
Note: only the 7 nodes managed by Ontology currently distribute the Foundation bonus. The other node owners in the top 49 nodes can choose to distribute this bonus at their discretion. (in OWallet they are marked with an asterisk)
Other nodes do not pay out a bonus from the Foundation but can provide other incentives. For example, the Sesameseed node pays out all rewards in SEED tokens and the MovieBloc node will soon pay out additional MBL tokens.
The earnings are variable, and there are community projects that can help you to calculate the ONT-ONG generation rate, such as OntCalc. Keep in mind that actual results may differ. We have also outlined the yearly ONG unbinding schedule in our official Medium article here.
The ONG Foundation Bonus [C] will be sent directly to your wallet.
The other 2 components [A] + [B] will be in the wallet Stake Authorization screen, which is the screen after selecting a node. You will need to click on “Redeem”.
Read more information:
In order to stake, you will likely need at least 500 ONT since each stake is in multiples of 500 ONT. However, with some nodes like Sesameseed, you can stake with as little as 1 ONT.
You can stake ONT by simply holding tokens in your exchange wallet on the following cryptocurrency exchanges:
Hold ONT tokens on these exchanges and start earning rewards right away.
As mentioned above, the three rewards apply if you are staking with a node.
Exchanges are more convenient but usually only pay out monthly, whereas on wallets you can claim your ONG more frequently.
The returns depend on the node. Not all nodes are equal. In general, you’d want to choose the node that has a higher Fee Sharing Ratio and a lower current total stake (Progress). The size of a node’s reward depends on the number of stakes placed on it. The more stakes, the lower the reward because it is divided between all the participants. Keep note that the number of participants is constantly changing because users react quickly and switch between nodes. For example, if a staker joins node X, the total number of participants increases and the return per participant decreases, incentivizing participants to leave the node, thereby reducing the return to its original value. Since this pattern is cyclical, it is not a drastic concern when choosing a node.
Rewards are given at the end of each consensus round.
If you cancel your stake, you will receive your reward at the end of the 2nd consensus round after you have canceled, you can track the progress of each consensus round here.
If the stake authorization is canceled at any time in round 2, then ONT will be unlocked at the beginning of round 3 (for candidate nodes) or at the beginning of round 4 (for consensus nodes).
Find up-to-date node participants list below:
These are tools useful for staking Ontology:
본랑 13 시간전
아이더스페이는 이미 출시되었고 지금도 약속한 이자를 꾸준히 지급하고 있습니다. 자세한 수익인증 및 가입방법은 https://aidus.co.kr/ 를 참고하세요
Community | '아이더스' 6가지 사실들
본랑 15 시간전
탈중앙화 글로벌 펀드 마켓 플랫폼 아이더스의 야심작 아이더스페이는 연12% 고정이자율에 중도해지수수료 없이 원금수량까지 보장하는 섹시한 투자상품입니다. https://aidus.co.kr/ 에서 쉽게 따라하며 가입하세요.
News monitoring | '아이더스' 아이시스글로벌 ‘아이더스 페이’ 공개로 새 패러다임 제시
해지하기 버튼 자체가 없어요
Community | [중요] 이오스 렉스 참여방법 (EOS 입금부터 수익금 확인방법까지)
몇번이고 확인 했습니다. [해지하기]라는 버튼 자체가 없어요. 확인부탁드립니다.
Community | [중요] 이오스 렉스 참여방법 (EOS 입금부터 수익금 확인방법까지)
아이더스페이 가입자로서 이런 기사들이 밖으로 많이 보여지면 좋겠다고 생각합니다. QTS를 수익모델로 만들어진 투자상품이 아이더스페이인데 관련 정보는 https://aidus.co.kr/ 에서 얻어가세요.
News monitoring | '아이더스' QTS 최고 권위 ‘배틀 오브 더 퀀츠’ 포럼 참가
Write a post
Are you sure you want to delete this post?
Are you sure you want to delete this comment?
Purchase has been completed.
닉네임을 설정 후 작성해주세요.