Staking

// Download the wallet and start staking

How To Stake COLX In 3 Steps

PoS Rewards Breakdown

Staking Block Reward: 480 COLX (out of 1500 COLX, see schedule below)

Blocks 10,81 – 151,200: 2500 COLX per Block
Blocks 151,201 – 302,399: 1250 COLX per Block
Blocks 302,400 – 388,000: 1000 COLX per Block
Blocks 388,000 – Infinite: 1500 COLX per Block

Proof of Stake Schedule:

80% distributed to stake wallet and masternodes (1200 COLX per block: 480 COLX for staking, 720 COLX for masternodes)
10% to masternode proposals (150 COLX p.B.)
Masternode owners have to actively create proposals which help the development and guide the development of Colossusˣᵗ.
10% to development fund (150 COLX p.B.)
Supports funding the development of the Colossusˣᵗ project toward our roadmap goals and to cover maintenance costs.

Step 1

Encrypt Your Wallet

1. Go to SETTINGS > ENCRYPT WALLET. If your wallet is not encrypted you will be prompted to enter a password. This password is vital to accessing your wallet so

DO NOT LOSE IT.

2. Restart your wallet.

Step 2

Edit Your Config

1. Click tools and then Open Configuration File. If asked, open with your favorite text editor.

2. Insert the following command in the configuration file: “staking=1”

3. Once this is complete save the file and restart your wallet.

Step 3

Unlock Your Wallet

1. Go to SETTINGS > UNLOCK WALLET.

2. This will present you with a prompt. Enter your password from Step 1. Make sure you check the box labelled “For anonymization and staking only”.