Excellent...cant wait to for my Zil stack to bake with stake
Any idea when Staking on Binance will go live? And how many Zill you need to start staking?
Is it difficult to start with? Or will it all be clearly instructed on the Binance app?
Thanks for your help.
Big big big Zill believer. But can't miss that much money to invest right now as me and my wife are building our new house at the moment!
I think Binance staking will go live the same day staking starts.
It should be simple as a few clicks.
Congrats on the new house....its good to be sensible and keep priorities in order.
Also for those that may not want to stake on an exchange...in Q3 2020 Moonlet will allow non custodial Zil staking on their wallet.
Hehe thanks
I'm here for around some time, cashed out all my investments and building a house using some fo that money now . But did some investments again but only a minor amount.. But great that staking starts at 50 ZILL's have some more though
but indeed 8-10 % Return is quite huge. So my next question is. Why shouldn't all Zill Holders start staking?
I jsut checked Binance app and ZILL is already mentionned on the Staking page. But can someone help me. I already have some zill, but there are 2 options. Deposit or Buy.. If I open this by clicking deposit I can see my total ZILL balance already there. But should I do something else to subscribe to the staking program? Or can we only do so after it goes live?
Thanks in advance and sorry for all questions.
I think Binance is just getting prepared, and will work when it goes live as you mention.
8-10% will depend on the amount seed node operaters decide to give...
"seed node operators such as KuCoin are at liberty to set their own staking limit and prerequisites to adapt to market demand."
also if demand is high rewards will be less.
"For example, given that a max of 61 million $ZIL can be staked per seed node which gives a ~10% return per annum, if KuCoin receives 122 million $ZIL (i.e., double the allowed maximum) from its customers, it will then accommodate the entire 122 million $ZIL and reduce the return from ~10% to ~5%"
There is only a limited amount of staking positions and a max of 610mill Zil can be staked.
"610 million ZIL across all nodes and from 70 million $ZIL to 61 million $ZIL per node. These changes were made in order to maintain the annual yield at around ~10% (10.03% to be precise)."