Why did we create a new reward/staking calculator for the ICON ecosystem? Well, we saw lots of tools out there, but they were not as simple to use as we expect them to be. Therefore we created:
The most simple ICON reward and staking calculator you will find out there.
We are proud to announce the release of our ICX Stakr application! 🎉🎊
At the top you get an overview of the ICON network with various stats:
- Staked — How much % of all ICX are currently staked
- Voted — How much % of all ICX are currently used to vote for P-Reps
- Reward Rate — The current yearly reward rate (ROI)
- Un-Staking Period — How many days your ICX are locked if you decide to un-stake them
Right below the network stats you find the Reward Calculator. We designed the calculator in a way that you only need to enter the amount of ICX you stake, no “% of network staked” or any other numbers you might not know. We created the application with simplicity in mind.
You can see your returns right away for several different time frames: daily, weekly, monthly and yearly.
Have you ever asked yourself:
What’s the optimum rate at which I should re-stake my ICX in order to get the best returns?
Well, we got you covered as well! 👊
By looking at the Re-Staking table you can decide at which rate you want to re-stake (aka compound) your ICX. Surprisingly we found that it’s not a lot of difference between re-staking monthly, weekly or even daily. The biggest difference is between not re-staking (one-time staking) and re-staking — the rate at which you re-stake is not that crucial.
So we would suggest re-staking your rewards once a month. This requires the least amount of time and guarantees better return than just staking once.
We want to build a tool the community uses. That means your feedback matters a lot. 🤗 Feel free to talk to us on any of our channels. 🙂
Don’t forget to share ICX Stakr with all of your fellow ICONists! ❤️
If you like what we do, please vote for us as a P-Rep! 🔥 We appreciate every single vote!
DISCLAIMER: Staking and cryptocurrencies investment involves a high degree of risk and there is always the possibility of loss, including the loss of all staked digital assets. Additionally, delegators are at risk of slashing in case of security or liveness faults on some PoS protocols. We advise you to DYOR before choosing a validator.