Icon (ICX)
What is 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.
How to stake Icon?
Icon Staking Manual
HOW TO STAKE ICON (ICX) VIA HANA IOS WALLET
How to set up Hana Wallet: Step-by-Step Guide
Step 1: Download, Install, and Configure Hana Wallet
Start by downloading Hana Wallet in the App Store.
After downloading the app, Hana Wallet will offer you the opportunity to establish a new account and secure it with a password.
Step 2: Set up and Keep Your Seed Phrase Safe
Save 12 words as your seed phrase. Considering this is the only way to restore your account, be sure to keep your seed phrase in a secure location. You can type out the words on paper or save them onto a hard disk. We advise taking advantage of programs like 1password or Bitwarden.
Next, Hana will request that you verify the seed phrase.
Step 3: Select Your Chains and Finish the Setup
Hana will take you to the selection page after you click Continue. Here, you will have a variety of chains to add to your wallet. For the purposes of this guide, we’ll keep things simple and only use ICON. But you can always choose more. To complete the wallet creation procedure, click Accept & continue.
How to SEND AND RECEIVE ICX
You can begin transferring ICX as soon as the wallet is prepared. To access the Send/Receive page, click the arrows symbol in the bottom panel. Tap Receive and choose ICON to deposit. You will be directed to a page where you can transfer tokens using a Hana-generated QR code or an address. The sending process functions similarly by entering an address into Hana.
STAKING AND VOTING PROCESS
Once you have some ICX, you are now eligible for the staking and voting process. Start by clicking the Earn tab. You will be taken to a page where you can cast your votes. Here you will find a list of P-Reps (public representatives): operators of the ICON network serving as delegates. The top-25 are chosen as Main P-Reps. They gain representative rewards and advantages from block production and validation based on the number of votes they obtain.
One of the Main P-Reps for ICON is Everstake.
First, choose the amount of ICX you want to give to a P-Rep by clicking Allocate votes. Next, drag a slider that appears to raise the overall number of votes.
After the distribution of votes, staking will begin. Rewards are given out every day except for the first 48 hours after the initial bet.
Where can I stake Icon?
You can choose a crypto wallet convenient for you and use the guide at the link or write to Everstake support and get more detailed information
Staking Details
Everstake fee
15.00%
Auto-compounding
Yes
Fee to activate the wallet
0.0013 ICX
First reward info
It takes 48 hours to start receiving rewards
Reward frequency
Every 24 hours
Min amount of stake
No requirements for a minimum staking amount
Unstaking period
11 days
Stake (de)activation time
11 days
Re-delegating activation time
11 days
Last Reward
Last rewards earned before unstaking
Self-Bond
None
Active set
None
Slashing
In this network, there is no slashing for delegators. Only validators might lose rewards if they misbehave, but delegators’ staked ICX is safe. While there’s no slashing, you could experience reduced rewards if the validator you delegate to is often offline or underperforms.
Why Everstake?
Everstake is the №1 staking infrastructure platform, trusted by over 1.5M users and institutional clients worldwide. Committed to the highest standards of compliance with certifications such as SOC 2 Type II, CCPA/CRPA, ISO 27001, and GDPR, we deliver secure and reliable staking solutions across 85+ supported chains with a reliability rate of 99.98%
Our skilled team manages reliable infrastructure, prioritizing the safety of your funds. Delegating through Everstake offers opportunities to boost your yields while ensuring peace of mind about your token's security.
Everstake Participation
At Everstake, we are proud to participate as a validator in the ICON network, supporting the ecosystem’s growth and security. Our team ensures high availability, robust infrastructure, and reliable performance, allowing delegators to earn consistent staking rewards while contributing to the network’s decentralization. By running our nodes with professional-grade hardware and monitoring, we maintain a strong presence in the ICON network, helping to validate transactions and secure the blockchain effectively.
We also prioritize accessibility for ICX holders by offering a seamless staking experience. Delegators can confidently stake their tokens with Everstake, knowing their assets are safe and efficiently managed. Through our active participation as a validator, we continue to support ICON’s mission to build a connected blockchain ecosystem, while providing our users with reliable staking services and the opportunity to benefit from ICX rewards.
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