Hello - I was wondering if you could explain a few things to me:
1) My wallet is automatically staking - Does this means the coins that it takes will no longer be available to sell if I want to sell?
2) Must my wallet be open and unlocked to stake?
3) Should I allow my wallet to stake all my coins or should I stop it?
4) If I stake all my coins could I lose some or will I always gain?
Company has promised 10%annually
This whole concept is a little confusing.
1. STaking starts after some period time ( check Your coin ANN for min stake time ) You can send them somewhere and get back but Staking will start from begining.
2. Yes
3. Allow. Like this You actually get free coins ( no mining just open wallet )
4. Always win depends on % if Your Coin tell 100% POS / year it means if You start from 1 coin after 365 days You will get + 1 Coin. You will get reward daily or hourly or weekly but reward will be like 0.0001 0.0005 etc but finally after 1 year You will get 100% + of Your Balance
Company? Is it something to invest? or is it a coin?
Example i have a 100 coins ABC in my wallet and staking starts after 24h ( min age for staking )
it have 1% anually.
After 24h when i got my wallet balance i start to stake. after let's say 2h more i got first reward of 0.00003 ABC after 2 min another wreward of 0.00012 ABC, after let's say 1 day nothing and i got next reward of 0.004 ABC later let's say 2 weeks nothing and i got next reward etc etc etc
let's say i decide to get more coins in my wallet and i bought more. I've send them to my wallet and I need to wait again 24h to start staking with new balance ( i still staking with old balance )
Now let's say i have 1000 ABC ( i bought 900 ) than and from now i will also get 1% per year but my reward after 365 days will be bigger. Before with 100 ABC i will earn 1 ABC after 1 year now i will earn 10 ABC after 1 year.
I hope i helped You