Stake and vote for Everstake

Total delegated to Everstake: 8 544 646 ICX
icx
ICON Logo in Cube
ICONstats
6.52%
apr
6.52%
apr
price
0.28 $
reward frequency
Per day
CALCULATE your PROFIT
ENTER your AMOUNT
your earnings will be:
daily
0.02 icx
monthly
0.54 icx
yearly
6.52 icx
The calculations only give an approximate amount, as the price fluctuates.
calculator – your earnings
daily
0.02 icx
monthly
0.54 icx
yearly
6.52 icx
price
0.28 $
reward frequency
Per day

ICON

EVERSTAKE validator address

hx8e6dcffdf06f850af5d372ac96389135e17d56d3

Delegating step-by-step

Wallets supporting staking: Hana Chrome Extension, ICONex Chrome Extension & Mobile Wallet, MyICONwallet Web Wallet & Mobile Wallet, Atomic Desktop Wallet & Mobile Wallet, Ledger.

You can find guides on how to stake via each of the options listed above by clicking on the name of the wallet or in the "Useful materials" section.

About ICON

ICON is a decentralized blockchain platform that aims to connect various blockchain networks and communities to enable seamless communication and value exchange. Its main features include a unique consensus algorithm called "loopchain" that allows for high scalability and low latency, its own cryptocurrency ICX, the ability to connect different blockchain networks with Blockchain Transmission Protocol (BTP), a decentralized network of independent blockchain communities, and a decentralized governance structure where ICX holders can vote on important network decisions and proposals. Overall, ICON's goal is to create a decentralized network of blockchain communities that can communicate and transact with each other seamlessly.

Ecosystem

ICON ecosystem keeps growing every day. At the beginning of 2023, there are more than 700K addresses registered. Many NFT, Gaming, and DeFi projects choose to be built on ICON. You can find out more about ICON Ecosystem in our articles: "Introduction to the ICON Ecosystem: Part 1" and "Introduction to the ICON Ecosystem Part 2: ICON_Related Projects".

ICON Tokeneconomics

ICON Tokeneconimics was improved with IISS 3.1 after validators approved  Network Proposal #14.

Inflation

Inflation is set to 3.99% annually (3M ICX Monthly) and is allocated towards 4 groups: voters, block producers, the CPS Fund, and Relays (to be implemented with the launch of BTP) with the proportion 77%, 13%, 10%, and 0% (as for now) respectively.

Bond Requirement for Validators

In order to receive 100% of block-producing rewards, validators must put a bond more or equal to 5% of their delegated votes. In the case of the failure to validate blocks over a certain time or mischievous behavior of the validator, their bond could be slashed.

Useful materials

ICON Staking Guides

Web Wallets

Mobile Wallets

Hardware Wallets

Other Articles

Гайды на русском языке:

faq

Where can I find ICON team?

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What are ICON explorers?

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  1. Official ICON Tracker by ICON Foundation.
  2. Iconwhatch.

What are ICON parameters?

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Consensus protocol: DPoS (Delegated Proof of Stake)

Token: ICX

Annual reward rate: 6-7%

Average block time: 2s

Average amount of blocks per epoch: 43, 120

What is ICON node?

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ICON node is a Proof-of-Stake blockchain software that allows validating and proposing blocks when a certain amount of cryptocurrency is staked with that node.

What is staking?

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Staking is a concept of an alternative mining process on the Proof-of-Stake (PoS) blockchains, which allows cryptocurrency holders to lock up their digital assets for a certain period of time in exchange for rewards that they constantly get over time proportionally to the amount of staked cryptocurrency. Everyone who participates in the staking, delegates their cryptocurrency to different Validators who run validating nodes which in the end confirm transactions on the network.

Who are P-Reps?

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Public Representatives or P-Reps are the entities on the ICON blockchain that get elected by the community, so that they could represent certain interests of the majority and govern the network by proposing and voting for different policies. It’s also important to mention that Public Representatives are running validating nodes that process transactions on the network and participating in block producing.

How to get started?

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In case you are new to ICON staking, you can refer to our official ICX staking and voting guide which will walk you through all the necessary steps, so that you could start staking with us.

How can I stake?

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In order to start staking, you have to install the Google Chrome Extension called the ICONex Wallet, which is available on the iOS, Android, and Ledger Wallets.

Staking with ICONex Mobile Wallet — Staking with ICONex Mobile Wallet

Staking with ICONex WEB Wallet — Staking with ICONex WEB Wallet

Why delegate ICON to Everstake validator?

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Delegating your ICX to Everstake will successfully increase your yields while keeping your digital assets secure. Almost any Proof-of-Stake blockchain network such as ICON requires running a node with an appropriate hardware set-up, stable internet connection, and constant maintenance. If one of these factors is not met, then you are risking to lose a potential reward once the validating node finds the block. Instead of having your masternode in unpredictable conditions, run it in a world-class data center under accurate control of our specialists.

What’s the staking reward?

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Usually, voters can have annual rewards that vary in the range of 6% to 36%, and the amount of distributed rewards depends on the number of staked ICX tokens on the network. So, in case there’s a small amount of staked tokens, then network participants will receive higher rewards, and once the number of staked ICX grows, then users will receive smaller rewards. Network participants are getting rewards in I-Score, which allows claiming a certain number of ICX from the Public Treasury.

Staking rewards are subject to change, and by the end of 2019 or in 2020, ICON Foundation is planning to release EEP and DApp delegation processes, which will require all network participants to stake ICX tokens with such types of the network entities as: P-Reps, DApps, EEPs in order to receive complete amount of rewards that range between 6% and 36%. In case a user decides to vote only for one type of the network entity, he will be getting from 2% to 12% in annual rewards.

What’s the ROI for staking?

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According to our research, in case 50% of the circulating supply of the ICX is staked, then the estimated annual return on investment is 7.75%.

Is there a minimum amount that I can stake?

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At the moment, there are no requirements for a minimum staking amount.

How long should I wait to restake with another P-Rep?

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At any time you can easily switch to other P-Rep candidates and move your stake, so the lock-up period doesn’t restrict you from doing that.

What is the unstaking period?

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As it was mentioned earlier, it depends on the amount of ICX tokens that are currently staked on the network. But usually, it takes from 5 to 20 days to have ICX tokens unstaked. At the moment — 11 days.

Do I have any control over my staked ICX tokens?

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You have always control over your staked ICX tokens, but in case you decide to interrupt the staking process, aborting the lock-up period, then you become the subject to 6% burn penalty. But it happens only if P-Rep that you have staking with is not an active participant, then he will be penalized by the network. So penalties occur when the P-Rep’s block producing rate decreases below 85%. Moreover, if the P-Rep was detected while conducting network disrupting activities, then he will be penalized as well, so it very important to choose a well-known P-Rep with high reputation.

What’s the reason for staking?

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First and most important, you will be receiving more ICX tokens for staking. On top of that, you will be able to vote for P-Reps improving network governance and stability.

What are the staking risks?

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In case you have staked ICX with a P-Rep who was penalized, then 6% of the total amount of staked coins gets burned. But usually, these situations happen rarely, and if you vote for a P-Rep who has a good reputation, then there’s no need to worry much.

The penalty mechanism consists of three scenarios where P-Reps can get penalized for inappropriate behavior, and those are Low Productivity Penalty, Disqualification Penalty, and Validation Penalty. These chastisements play a vital role in the stability of the network, but if anyone crosses these lines, then they incur a 6% token burn out of the total amount of staked cryptocurrency.

Is it possible to stake for multiple P-Reps?

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Anyone is capable of staking with as many P-Reps as they want, and it’s strongly recommended to stake with multiple P-Reps so that the network can stay decentralized and more healthy.

Is there a way to avoid staking risks?

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In order to lower risks associated with the staking process, it’s recommended to stake cryptocurrency with more than 5 P-Reps.

Why do I need to delegate ICON?

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Delegating your ICX to Everstake will successfully increase your yields while keeping your digital assets secure. Almost any Proof-of-Stake blockchain network such as ICON requires running a node with an appropriate hardware set-up, stable internet connection, and constant maintenance. If one of these factors is not met, then you are risking to lose a potential reward once the validating node finds the block. Instead of having your masternode in unpredictable conditions, run it in a world-class data center under accurate control of our specialists.

How to keep track of all my rewards?

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Icon page — The dashboard provides users with analytics and statistics, which help to keep track of staking revenue and other essential metrics. Once logged into your account, you can find stats about rewards, balances, payout history, and other metrics.

Where can I get detailed information about P-Reps?

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More detailed information regarding the P-Reps can be found on the ICON Tracker.

Is it a good strategy to stake only with one P-Rep?

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Every P-Rep has different setups in terms of hardware, security systems, network capacities, maintenance, and different resources at their disposal. We recommend doing your own research which should be based on P-Rep’s technical capabilities, social activity such as participation and support of the ICON project, core team, stake size, and reputation.

Contact us

Have questions?
We’re always there to answer!

Our distributed team of 20+ community managers is online 24/7 and is ready to assist you.