We are pleased to announce that the Claim-Option feature of COTI’s Staking mechanism is finally available.
Active stakers in the COTI network can now claim their rewards through their MainNet wallet.
See the following sections for how this option works.
Receiving Rewards
Rewards are processed once a month.
COTI guarantees a minimum level of income for advanced and community MainNet stakers per annum, on a monthly basis. If the received income from the processed transactions does not meet the ensured return, COTI covers the deficit.
To receive your rewards, you must claim your coins by clicking the CLAIM button. This option will be available in the last week of each month:
The specific period you can claim your rewards in will appear in the staking section in your wallet.
Please note that if you don’t claim your rewards within the claim window (the last week of the month) your rewards will be reset and you won’t be able to claim them for that month. If you are a part of a community node, the remaining rewards will be split between those who have claimed their rewards.
Conditions to receiving your stake rewards:
- Your node’s uptime should be at least 95%. In the case your node doesn’t meet the minimum uptime, you will only be eligible for fees collected during your uptime but not for the guaranteed node return.
- A registered MainNet wallet.
- You have completed the KYC process
- You must stake your coins for the entire payment cycle to be eligible for rewards.
- At this stage, TestNet operators will receive their rewards automatically in the first week of each month, without the need to claim it before.
Stay tuned! The Unstake option will soon be available directly from your MainNet wallet.
In addition, we remind you that we’ll be soon releasing COTI’s Staking v2.0. You’ll be able to stake more, through our wallet but also from exchanges. More to come on that.
For those interested to join one of our Community Node (Wolf, CryptoDaku, and tehMoonwalkeR) please refer to this article.
To find out more about COTI’s Staking model and rewards, please read the following articles:
For all of our updates and to join the conversation, be sure to check out our channels:
Website: https://coti.io
Twitter: https://twitter.com/COTInetwork
Telegram: https://t.me/COTInetwork
Github: https://github.com/coti-io
Discord: https://discord.me/coti
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf
Discord: https://discord.me/coti
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf
