GoChain is now giving 50% of all node rewards to $GO stakers, providing a great way for GoChain supporters to earn while holding GO. This was implemented after a recent community vote on GoChain Improvement Proposal 35. GO is the token that powers the GoChain network, you can read more about it here.
How to Stake
Staking is simple, just follow the steps below:
- Head over to https://staking.gochain.io
- Connect your wallet (eg: MetaMask)
- Click Stake
- Choose how much you want to stake and submit the transaction
That’s it!
NOTE: Minimum amount to earn rewards is 50,000 GO
Distributions
Rewards will be distributed daily directly to the staking wallet. No action is required.
Distributions will begin on March 1st or earlier.
Unstaking
To unstake/withdraw your staked GO, just click the unstake button.
Implements GIP-35 for Staking Rewards
GIP-35 will go live on February 23rd at block 23817200.
This means 50% of the node validator rewards will be distributed to $GO stakers.
22 million GO per year will distributed to stakers.
Follow our Medium here and Twitter to find out when and how to stake your $GO.
GoChain Improvement Proposal 35 (GIP-35) voting has completed with the 100% of the community vote in favor and the 83% of the node validators in favor resulting in 91.5% in favor. This means staking is coming to GoChain!
See this previous post for more information.
The GoChain developers don’t expect it to take very long to implement in the GoChain protocol and have estimated it will take about 1 month to roll out.
Details on how to stake will come out soon, so stay tuned to our Twitter or this blog and get your $GO ready.
