ICON staking is finally here! ICONists can now exercise their forthright views in governance of the ICON protocol by voting for P-Reps of their choice through the official ICONex desktop wallet.
Why Should I Stake?
Apart from being able to earn rewards that range from 6-36% for staking your hard-earned ICX, the ICON Foundation is also “giving away up to 3 million ICX as a reward for early adopters of staking and voting”.
Criteria for being able to participate in the 3M ICX giveaway:
Currently hold ICX during the Pre-Voting period.
Uses their ICX to participate in the Pre-Voting event from August 26 - September 26th by delegating to P-Reps of their choice.
Additionally,as a holder of a stake-based protocol, you the ICONist, by not participating in the Pre-Voting period or staking altogether, are essentially “leaving money on the table”.
Since Proof-of-Stake (PoS) based protocols produce rewards for ones resources dedicated to the network, in this case I-Score which can be exchanged for ICX, by not participating in the Pre-Voting period you’re neglecting your right as a holder to have a say in who you want to govern the ICON network moving forward.
So, How Can I Stake and Vote?
The ICON Foundation has done a fantastic job at creating a nearly flawless staking and voting system. Staking and voting could not be any more easier and in this section, we will explain how to do just that.
Step 1- Download the chrome extension ICONex official wallet.
Provided here is a download link to the official ICONex wallet. Make sure your firmware is on the current version, 220.127.116.11 if you have already downloaded the ICONex wallet previously.
Step 2- Access the ICONex wallet and click on the voting section.
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