Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MN][$LOKI] Loki - Private Transactions & Comms
by
newmz
on 14/10/2018, 02:15:40 UTC
~
Hi,
What I should do to stake my LOKIs?
I found that LOKI is stakeable now, right?
I guess that staking is for all, not for only service nodes.
Please help me.

Quote
Staking with LOKI coins, really?
How to config my wallet to stake my LOKI coins?
Or it will automatically stake after syncing with LOKI network?

I'm pretty sure that whenever you read a reference to "staking" on the Loki network, this refers to the service node stake, not staking coins in a regular wallet like you would with a "proof of stake" coin.

Loki uses a combination proof of work plus service nodes nodes (like masternodes used by Dash, PIVX, etc).

That is why the mining reward dropped dramatically a couple of weeks ago - because a large chunk of it is now going to people lucky (and rich) enough to have 12000-45000 Loki to stake in a service node.