Staking Rewards
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Locked Stake involves locking your crypto assets for a specific period. When applied to Parex ($PRX) coin, the Locked Stake process lasts for 365 days. During this period, you lock your $PRX coins by staking them for a set duration. Profits generated through Locked Stake are transferred to your stake wallet hourly after deducting a validator service fee equal to 7% of the stake amount. At the end of 365 days, it's not possible to retrieve or redeem the locked tokens because the total generated amount is transferred to the stake wallet in equal parts over the 365 days.
In the ever-evolving landscape of cryptocurrency, where investors seek not only profits but also opportunities to actively engage with their assets, staking has emerged as a popular method. Parex, a prominent player in this domain, offers its users the chance to participate in staking through its Locked Stake feature, presenting a pathway to earning rewards while contributing to the network's security.
One of the distinguishing features of Parex Locked Stake is its reward system, which operates on an hourly basis. This means that as a participant in the Locked Stake program, you can expect rewards to be deposited into your wallet every hour. This consistent and frequent reward distribution adds to the attractiveness of Parex's staking offering, providing users with a steady stream of earnings.
Calculating your potential rewards under Parex's Locked Stake program is straightforward, thanks to a simple formula. For instance, consider the scenario where you stake 1000 PRX tokens. According to the formula, you would earn approximately 0.12846 PRX per hour. Extrapolating this hourly rate, you could anticipate earning around 3.08301 PRX per day.
This example illustrates not only the potential rewards but also the accessibility and ease of participating in Parex's staking ecosystem. By staking your PRX tokens, you not only contribute to the security and stability of the Parex network but also unlock a steady stream of passive income.
In conclusion, Parex Locked Stake rewards offer users a compelling opportunity to earn rewards while actively participating in the network. With hourly rewards and a straightforward calculation method, Parex makes it easy for users to engage with staking and reap the benefits of their investment. As the cryptocurrency landscape continues to evolve, Parex stands as a beacon of innovation, providing users with avenues to unlock the full potential of their assets.
Example calculation for 1000 PRX
Validator Service Fee Calculation for 1000 PRX
Remember to calculate cycles when making annual calculations.
