PayAccept Staking Overview

Published in

PayAccept

3 min readNov 1, 2020

PayAccept staking has been started on November 1st with our partner Ferrum! The pool will stay open upon November 8th. After that it’s not possible to join the staking pool.

We defined 3 staking pools:

PayNodes Staking pool (size 450k PAYT) :

365 day staking period with a early release of funds after 30 days;
20% rewards for early release;
50% APY upon full maturation;
Minimum to stake is 45k PAYT.
Only for whitelisted addresses!

If you are whitelisted and did not receive any instructions, please contact me at https://t.me/dcnl1980

VIP Staking pool (size 250k PAYT) :

365 day staking period with a early release of funds after 60 days;
15% rewards for early release;
30% APY upon full maturation;
Only for friends and team members!

Standard Staking pool (size 1M PAYT) :

365 day staking period with a early release of funds after 90 days;
10% rewards for early release;
20% APY upon full maturation;
Minimum to stake is 5k PAYT.

All unclaimed rewards from persons who decide to withdraw early will be divided amongst stakers at the end of each staking period.

How to stake

We made it for everybody very simple. No signup or account creation is needed. Make sure you are using a browser that support MetaMask or WalletConnect and that you have at least 0.1 ETH in the wallet.

Step 1: Go to the following url: https://www.payaccept.net/staking

Step 2: Click on: ‘Click here to start staking’.

Step 3: Click in the staking app on ‘Connect’.

Step 4: Choose MetaMask of connect with Wallet Connect (if you are using Trust Wallet).

Step 5: Check your address and click on ‘Stake Now’

Step 6: Please select the amount to stake and click on Submit stake. Please note 5000 PAYT is minimum.

Step 7: Approve the stake with MetaMask or WalletConnect. In MetaMask you need to approve first and than confirm the transfer to the staking contract.