G999 will reward you for helping us keep the network safe. If you stake G999 coins in the G999 Wallet, you will be rewarded a up to 2.5% / year, every time a block is validated, you get rewarded for your staked coins by participating in the process of the validation by completing a set of rules such as keeping your wallet open to participate in the process of validation and having a collateral of 249999 coins in the G999 wallet. The more coins you will stake, the higher the chances to reach more block validations. The up to 2.5% / year is calculated according to the staked number of coins.
There is no maximum amount of coins you have to stake, but a minimum of 249.999 G999 must be available on your wallet for staking in order to participate into the process of the validation of the blocks. Unlike the Masternodes collateral in the staking, there is no time commitment for the G999 coins in this process.
* “Stake” or “Staking” means the holding of G999 coins in your own G999 desktop wallet in order to actively participate in the process of the validation of the blocks in order for the blockchain to adopt a sufficiently decentralisation level;
** Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On our blockchain, anyone with a minimum-required of 249999 G999 balance can validate transactions and earn Staking rewards.
How do rewards work?
Staking is the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. With G999, you always stay in full control over your own funds. With a dedicated G999 multiple platform blockchain wallet, your funds are stored in your own wallet, empowering you with fully decisional power over your G999 coins.
You are the only one to have access to your funds and the only one to verify every given transaction. You can stake up to an unlimited number of G999 coins, higher amounts are always getting higher rewards.
All of these rewards are distributed immediately by the network under a non-admin decisional level in your user wallet and they can be used inside of the G999 utility network.
Where do I find my history of Reward deposits?
Each reward will populate as a line item in your transaction history report. To view your transaction history, open your G999 wallet and navigate to "TRANSACTIONS", you will find a report under which there is a column found under the name "TYPE", the "MINTED" message represents the transaction generated by the blockchain as a reward for your validation efforts.
Are rewards guaranteed?
G999 rewards are guaranteed by the blockchain itself as they are distributed under no admin decision making them completely decentralised. Anyway the rewards under any kind of staking they don't guarantee a fixed return over time.