Post
Topic
Board Announcements (Altcoins)
Re: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure
by
Johnny00
on 27/01/2018, 22:36:05 UTC
Could someone please confirm the benefits of holding BLOCK? Once the Block Dex is launched, by either owning a masternode (1k coins, correct?) or by staking whatever Block you own, you get a cut of the fees. Is that correct? Thanks.

Yes, you get a cut of fees when you hold block.    One block is generated every min and node (needs 5000 block) get 70% while staking gets 30%.      Both have great ROI.   Staking currently is around 11-13% while node gets around 17-18%. 

So if I understood right, staking is not yet possible but will be once Block Dex is launched? Any idea when Block Dex is supposed to launch?

Hi. Staking is active now and has been for a long time.

The latest newsletter is here including dates:
https://medium.com/blocknet/word-on-the-block-january-15th-fd4a55a56178
Beta launch is march 1st.

The next Newsletter with a roadmap is due early next week.

Thx for the quick reply. So I suppose i just download the latest BlocknetDX wallet, send coins there and start staking. Is there a minimum amount to stake? Don't have a lot yet, but will try to accumulate more

No minimum at all. Welcome and enjoy. Great community and undervalued.