Re: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure
When staking blocknet, do i need to keep wallet on at all times? Thx.
No. Just unlock the wallet every few days to a week and it will stake still. The amount will be more per stake, but still works out the same. eg. chunky (higher coins per transaction) vs noisy (less coins, but more transactions)
Do you want extra block for doing nothing but unlocking your wallet?
Same answer to your question. For now it's around $12 per block... What if it jumps to 40-50 or even $200 each later on... Why not get the free coins?The annual PoS rate is 3%, but yes with the increasing price it's definitely good to get some extra coins.
So, apparently after the QT wallet update scheduled for next week it will no longer be true that you only have to unlock your wallet every few days in order to stake coins (which is what I've been doing since I currently have my wallet on the laptop I carry around with me). The good news is that the POS rate is increasing to 9% (more like 8% since 1% goes to development funds), but the not as good news is that staking will no longer be dependent on coin age and so you will have to keep your wallet online and unlocked 24/7 in order to receive maximum staking rewards.