ICX
In general, ICX mining strategy generates more ICX through these streams:
- 1.Staking reward: the deposited ICX is staked through a compounding mechanism, in which ICX rewards generated through staking are claimed on a daily basis and used to stake further. This results in a higher APY rate compared to manual wallet staking.
- 2.Mining reward: the total amount of staked ICX is voted for ICONDAO node, which shares back ICX mining rewards to depositors based on the increase resulted from the voting power.
Consequently, all ICX rewards earned through this strategy are generated through compounding mechanisms to achieve a higher rate in comparison to normal staking method via wallets.
Last modified 1mo ago