FAQ on IPX Wallet Staking

Published in

Tachyon Protocol

4 min readJan 6, 2021

IPX Wallet Staking was launched last Saturday. Many feedback have been received from the participants. Glad you like it. In this article, we will explain the most common questions for all users about IPX Wallet Staking.

Q1. What does the data in the chart on staking page mean?

This picture is offered by our user k kkkkkk

* 🟡 The yellow one stands for the current staking amount and the rewards of different lock up period.

* 🟢 The green one refers to the rewards of the current staking plus the added staking amount users input. This will only exist when you already have staked.

* 🟣 The purple one shows the rewards of the current staking + input staking amount + 1000 IPX.

The estimated rewards are calculated based on the green one.

📍Please be noticed that the estimated rewards is calculated based on the yesterday’s data. It will change at any time with conditions. It only shows the estimated ROI you can get that day. Please take the actual rewards as final.

Q2. What can I do with these buttons?

Stake:

The entry of IPX Wallet Staking.

Boost:

Lock up small amounts of IPX to increase your ROI of staking. Stake first, boost follows. Boost is not staking, the locked IPX will not bring benefits. It’s more like a buff to the original staking rewards.

Claim:

The rewards will not be distributed automatically. It is calculated on a daily basis. Participants need to click this button so that the rewards can be transferred to the targeted wallet. You can make a claim every day.

Unstake:

When your staking period ends, please remember to click this button to release your IPX. The system will not give back your IPX automatically. Once you unstaked, your IPX will be returned back to your wallet. You can’t unstake until the expiration date.

Unboost:

When your boost period ends, click unboost to get back your locked IPX. You can’t unboost until the expiration date.

Q3. Will multiple boosts work?

No. Please follow the guide on the boost page to choose your boosting amount. And multiple boosts will do little help on the ROI.

Q4. Why does the ROI change every day?

There is a complex algorithm behind the staking system to calculate the rewards. The algorithm will take these figures into calculation:

1)your staking amount & period

2)your boosting amount & period

3)Total staking amount & participants

4)Total boosting amount & participants

There is no fixed ROI during the staking period.

Q5. What will happen if I add more staking during the last staking period?

There will be some changes on these parts:

Total staking amount & staking period:

Your previous staking will be added to the new one. Only one staking can be allowed to exist at the same time for one wallet address.

Staking Period:

The staking period will be counted from the latest one. One wallet address can only have one staking period at the same time.

Rewards:

The new added staking rewards will be calculated from the third day after your adding.

For example, if you have staked 20,000 IPX last week for 30 days and added 80,000 IPX today for 90 days, then your staking condition will be changed to 100,000 IPX for 90 days starting from the third day after your additional investment.