Staking is the process of holding digital assets in a crypto wallet to support the operations of a blockchain network. In return, holders are rewarded for their contributions.
The staking structures on Ultron are highly dynamic and lucrative. Ultron users can stake their ULX at will with a validator node and receive an APY of 5%. Users may also choose to lock up their coins for a period of 2 weeks up to 365 days for a proportional reward rate up to 13% APY.
There are several benefits to staking on Ultron: users can receive staking rewards on staked ULX coins, assist in the protection of the Ultron network, and it enables decentralization of the network.
Transfer and deposit your ULX to your Ultron Wallet. On the main page of your Ultron wallet, click the "receive" button as displayed to deposit your ULX. You can then use the copy button to copy the address or the QR button to scan the wallet address.
Ultron offers a truly dynamic and hugely profitable staking structure. Users can stake their ULX at any time by choosing a validator node for a staking reward of 5% annual percentage yield (APY). Users can agree to locking in their stake for a minimum time of two weeks, up to one year, in order to secure significantly greater rewards-up to 13% APY.
Fees are levied on the Ultron network for transactions, smart contract deployment, and network creation. These fees are extremely low, but sufficient to make it extremely expensive for a malicious actor to carry out an attack or fill the ledger with useless information.
Validator nodes are vital to Ultron network's operation. Validators run a full node and participate in consensus to enhance security and create new blocks. For Validators to run a node, Ultron requires:
10x the self-stake amount
Earn staking rewards and a 15% fee on delegators rewards
AWS EC2 m5.xlarge with 4 vCPUs (3.1 GHz) and at least 2 TB of Amazon EBS General Purpose SSD (gp2) storage (or equivalent).
More powerful configuration is recommended.
OS: Ubuntu Server 20.04 LTS (64-bit) or similar.