Learn about ICON Staking
Which network metrics do the P-Rep rewards depend on?
Main P-Reps receive Block Validation Rewards, which account for 50% of the I-Rep for each node per month.
Additionally all 100 Validator Nodes (Main and Sub P-Rep) share rewards depending on the number of votes received, whereas 1% of all votes accounts for 50% of the I-Rep for each node per month.
The Block Time (if faster or slower than 2 seconds) may increase or decrease the rewards.
The Node Efficiency may decrease the rewards if certain blocks are missed to create.
How was ICON launched?
Icon conducted an ICO in October 2017 in which half of total ICX supply was sold to the public. The total supply created is 800,460,000 ICX, with 400,230,000 sold to the public and circulating. The Issuance of the other 50% of the total ICX supply will be determined through annual C-Rep consultation.
Who is the team behind ICON?
ICON has a decentralized organisation initiated by the ICON Foundation and mainly led by the Tech Company ICONLOOP. Accelerator companies have been established in Korea, USA, Singapore and Japan.
How to stake ICON (ICX)?
Every ICON holder can stake his ICX tokens with a single click inside the official wallet.
Stakers receive 3 votes for each token. They can be used to vote for certain Representative Nodes, dApps and Ecosystem Expansion Programs. For each vote they receive 2 – 12% annual rewards. For all 3 votes this will result in a total reward between 6 – 36%
Which network metrics do the staker rewards depend on?
The reward depends on the Total Staked %. If 70% of the network tokens are participating in staking, the reward gets capped at 6% for stakers.
In future the reward will depend on the number of votes for the 3 categories (Nodes, dApps, EEP). If one category is underserved it is more lucrative to vote for it.
Is there a risk to stake ICON?
Staking ICON is considered safe as long you protect your private keys. There is no risk of slashing.
How to run an ICON Public Representative Node?
Validators operate Representative Nodes (I-Reps) and the 22 Validators with the most votes get the rights to validate transactions and create new blocks. They are considered Main P-Reps. Another 78 Validators are considered Sub P-Reps. They still receive rewards based on their number of votes, but do create new blocks.
Running an I-Rep Node requires a professional hardware setup and you need to have sufficient funds or votes to be in the Top 100.
What is ICON?
The ICON Project aims to build a decentralized network that allows independent blockchains with different governances to transact with one another without intermediaries.
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ICX Staking Performance Charts
Track ICON staking over time by analyzing key performance metrics.
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ICON Staking is trending upwards this month
Over the past 30 days, there has been a net increase of ICX staked on ICON, worth - at the current market rate. During this period, the price of ICX has increased by -, with one ICX currently priced at . Today, the inflation rate of the network is undefined%, which represents an increase of NaN% over the same time frame.
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Compare the market position of ICX against other staking assets.
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ICON Staking Over the Past 7 Days
As of today, there are undefined stakers actively staking on the network. An additional undefined ICX stakers became active over the past 7 days, representing a undefined% increase over this time period. The Staking Ratio, or percentage of ICX being staked, is currently undefined% of the total eligible circulating supply, increasing by undefined% over the past 7 days. In total, ICX is staked across the network, generating $ worth of staking rewards per year.