FAQ
1. Why should I stake with your pool?
Our Nimiq staking pool offers the most features compared to the competition, including dedicated support and a notification system that alerts us if there are any issues with the pool software. We aim to make the staking process as smooth and secure as possible, maximizing your potential rewards.
2. How often are rewards distributed?
Our pool operates on a 12-hour epoch system. Each epoch, rewards are calculated based on the total staked amount and distributed to participants according to their contribution.
3. What are the fees for using this staking pool?
We charge a small base fee of 5.0% on the rewards earned to cover the operational costs of running the pool. This fee ensures continued high-quality service and support.
4. Is there a minimum amount required to start staking?
Yes, to join the pool, a minimum of 100 NIM is required.
5. How do I start staking with your pool?
To start, you need to select our pool in the Nimiq wallet and initiate the on-chain staking contract with our validator. Once you’ve completed the setup, your stake will be active in the next epoch, and you can track your rewards on your account dashboard.
6. How are rewards calculated?
Rewards are based on the total staked amount within each epoch. The more NIM you contribute, the larger your share of the rewards.
7. Can I withdraw my staked NIM anytime?
Yes, you can withdraw your staked NIM at any time. However, depending on the timing, your withdrawal may take effect in the next epoch.
8. What happens if I miss an epoch?
If you miss an epoch, your staked amount won’t participate in that cycle. However, it will be automatically added in the next epoch once your stake is active.
9. Is staking with your pool secure?
The staking process is done on-chain, which ensures transparency and security. The only risk is if the validator acts maliciously, which could result in a portion of staked coins being slashed. We take every measure to maintain high standards and protect your stake.
10. Why does the website only display whole NIM, and are fractions of NIM paid out?
Although the website displays only whole NIM, fractional rewards are still calculated and paid out. Your rewards include fractions of NIM, even if they aren’t shown in the display, ensuring you receive the full amount you’re entitled to.
11. How do I contact support if I have questions?
If you need assistance, please feel free to contact us at [email protected] . We’re here to help you with any questions or issues related to staking with our pool.