Welcome to the next generation of DeFi staking with the Kondux Staking Protocol!
This innovative staking system allows you to maximize your earnings by staking your KNDX ERC20 tokens, in exchange for KNDX and Helix ERC20 rewards. With flexible locking periods and added bonuses for NFT holders, this guide will walk you through the numerous benefits and key features of the Kondux Staking Smart Contract System.
Specifications and Guidelines:
Tokens Available to stake: As of right now, only KNDX ERC20 tokens are permitted. Although, we are built to scale.
Rewards per Hour: Earn 0.00285% KNDX(and equivelant ratio in Helix) per hour, equivalent to a 25% Annual Percentage yeild (APY).
- Compounding occurs once every twenty-four hours.
There is a 1% withdrawal fee on staked totals when time locks are honored.
Get the most out of your staking experience. Take advantage of the various locking periods and kNFT bonuses offered.
Locking Periods & Added Rewards:
30 days: Customary benefits
90 days: 1% boost to rewards
180 days: 3% boost to rewards
365 days: 9% boost to rewards
Maximize your staking experience by holding kNFTs (Avatar or Founders Pass). Holders will enjoy a cumulative rewards boost of 5% for each kNFT Avatar owned.(up to a maximum of 5), and a 10% boost to rewards for holding a Founder’s Pass, for a combined total of 35% boost to rewards APY.
- Are you prepared to explore the world of Kondux staking?
Step 1: Link Your Wallet to the Kondux Platform
Follow the on-screen instructions to connect your ERC20-compatible wallet (such as MetaMask, Trust Wallet, or Ledger) to the Kondux Staking platform in order to start staking.
Step 2: Grant Staking Contract Approval
You must first authorize the staking contract to move KNDX on your behalf, before you can stake your KNDX tokens. To do this, go to the Kondux Staking platform, select “Stake” and adhere to the prompts that appear on your screen. This will give the smart contract permission to work with your KNDX tokens.
Step 3: Select Your Locking Period
Choose from the following options for your preferred locking period: 30, 90, 180, or 365 days. Remember that bigger reward enhancements are offered by longer lockout periods.
Step 4: Stake your KNDX
To stake the specified number of KNDX tokens, enter the number and then confirm the transaction in your wallet. Once confirmed, you are all set. You are now generating KNDX and Helix (at a 10,000:1 Ratio)
Step 5: Manage Your Staking Position
Monitor your staking position on the Kondux platform. You can view your rewards, lock period, remaining time, and other relevant information. Remember to regularly check in on your investment and adjust your strategy accordingly.
Step 6: Unstake Your KNDX Tokens
When you unstake your KNDX tokens, the contract will burn the required amount of Helix tokens, to receive your KNDX + KNDX rewards.
Step 7: Reinvest Your KNDX Tokens
If you wish to continue earning rewards, you can reinvest your KNDX tokens by staking them again. Choose your desired locking period and stake amount to optimize your returns.
Step 8: Stay Informed
Stay up-to-date with the latest developments and updates within the Kondux Staking ecosystem. Follow official social media channels, join community discussions, and subscribe to newsletters to ensure you’re always in the know.
Step 9: Share Your Knowledge and Experiences
Help grow the Kondux Staking community by sharing your knowledge and experiences with others. Write blog posts, create tutorials, or participate in online discussions to guide newcomers and support fellow stakers. By fostering a supportive and collaborative community, you can contribute to the overall success of the Kondux Staking Smart Contract and strengthen the ecosystem.
By following these steps and taking advantage of the unique features offered by the Kondux Staking system, you can optimize your returns and enhance your overall DeFi staking experience.
This is just the beginning. Stay tuned! Look for info about Helix, Renting kNFTs and more!