How are staking rewards calculated?
Staking rewards are calculated based on the amount of ZIG staked and the duration of the staking period. The more and the longer you stake, the higher the rewards. The rewards are to be paid out once ZIGChain goes live.
Is there a minimum or maximum amount of ZIG required to stake?
There is no minimum amount or maximum cap on staking. Stake as little or as much ZIG as you want - The more, the merrier! ✨
What should I do if the platform says I don’t own any ZIG?
If the platform indicates that you don’t own any ZIG tokens, you should:
Ensure your wallet is connected and on the Ethereum mainnet.
Acquire ZIG from Supported Centralized Exchanges (CEXs) or Decentralized Exchanges (DEXs) and transfer them to your wallet. Once you have completed these steps, your ZIG tokens should appear on the platform.
When will I start receiving my staking rewards?
Staking rewards will start rolling in just 15 days after ZIGChain officially launches! From there, you'll see daily rewards coming in steadily over 180 days, giving you a consistent return on your stake every single day.
Curious about how your rewards are calculated? Click here to learn more!
Are there any fees associated with staking?
Network transaction fees (gas fees) will be associated with staking and unstaking. These fees are determined by the blockchain network and not by ZIGChain. Ensure your wallet has enough ETH or BNB to cover these fees.
Can I stake multiple batches of ZIG tokens?
Yes, you can stake ZIG tokens in multiple batches. Each staking transaction will be treated separately, and the platform will display each stake individually.
How do I unstake my ZIG tokens?
To unstake your ZIG tokens:
Go to the “Unstake” tab to see all your staked ZIG.
You can select the batch and amount you want to unstake and complete the transaction. The unstaked tokens will appear in the 'Withdraw' tab with an unbonding period.
What is the unbonding period?
The ZIGStake Program implements a 14-day unbonding period, implying that unstake users must wait 14 days to access their tokens. During this time, your unstaked tokens won't earn staking rewards and will be unavailable for transfer or re-staking.
Can I unstake my ZIG tokens at any time?
Yes, you can unstake your ZIG tokens at any time. However, there will be a 14-day unbonding period for early unstaking.
What happens after the unbonding period ends?
Once the unbonding period ends, you can withdraw your unstaked ZIG from the 'Withdraw' tab back to your wallet. Click on the 'Withdraw' button to complete the process.
Can I unstake all my ZIG tokens at once if they were staked in multiple transactions?
The platform treats each staking transaction separately to keep things transparent and straightforward. For example, if you staked 100,000 ZIG in two different transactions (50,000 ZIG each), you unstake them separately for enhanced traceability.
Where can I find the Staking Smart Contract addresses?
What security measures are in place for the staking platform?
The ZIGStake Platform employs multiple security measures, including:
Smart Contract Audits: Our smart contracts have passed rigorous audits by a top security firm. Check the report here — [Hacken Security Audit]. These audits ensure our staking process is secure and reliable.
Secure Wallet Integrations: We partner with top crypto providers, updating integrations for top-notch security and protection against new threats.
Lastly, Continuous Monitoring is used to protect users' funds and data.