CoinMetro's Staking Platform offers long-term sustainable, secure, and easy-to-use passive income opportunities for all CoinMetro users.
The first staking program to launch is for the Flux Network. Together with the Flux Network team, CoinMetro has built a unique platform that enables anyone to participate in the Flux Network. All it takes is some FLUX and literally a minute of your time to start earning!
What is FLUX?
FLUX is the native cryptocurrency of the Flux Network, a decentralized computing cloud service/blockchain-as-a-service solution with a growing ecosystem around it. A fundamental piece of the ecosystem is the Flux software Zelcore, a DeFi wallet powered by Flux. Together with Zelcore, CoinMetro is bringing DeFi to the masses.
Network participants, stakers, contribute resources to the network and in return are paid for their contribution. To participate, locking of FLUX is required. More FLUX locked will increase the return.
More on Flux and FluxNodes can be found here.
How to get started?
With at least 500 FLUX in your CoinMetro account, you can start earning a passive income by staking your FLUX. FLUX can be bought and sold in the CoinMetro Exchange, or deposited to your account from a Flux wallet.
The staking platform can be accessed from the navigation menu, under Earn > FluxNodes. You can also click here.
The FluxNodes Dashboard offers a simple overview of the rewards generated from CoinMetro's FluxNodes, the amount of FLUX locked in the network, and the current value of FLUX.
Staking plan interface
Your personal staking program details are found in the My FluxNode Staking Plans section. Your currently active staking plans, as well as any closed plans, are listed here.
Pending rewards are updated daily. By clicking Cash Out Now, the pending rewards (Total Available) are moved from pending to paid rewards and are then deposited to your account balance, with a matching entry in your Dashboard transaction history.
Ending a plan early comes with a penalty. 50% of the total paid rewards for the plan will be deducted from your staked FLUX. To end your plan early, click the Close button. A confirmation popup will display the penalty applied if you choose to confirm.
Time to set up a staking plan!
To get staking, click New Plan. You can run as many plans as you wish, to utilize staking plans with different amounts and duration.
There are no costs for starting a staking plan.
The New Plan interface is the setup for your staking plan, and you can configure the amount and duration. The minimum amount of FLUX to start a plan is 500, and the duration options are 1 month, 3 months, 6 months, and 1 year.
The summary will update as you select your configuration. Opting for a longer staking duration will increase the monthly rewards. The monthly rewards are calculated based on the amount of FLUX that you stake, and the duration.
Once you're ready to start your staking plan, just click Confirm - and it's done!
You're now earning a passive income with us. CoinMetro strives to offer financial opportunities for all, moving crypto forward. More staking programs are coming for other assets. Check out CoinMetro's available staking programs here.
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