TomoStake is a decentralized staking service for Tomo holders. TomoStake is a pool and gives you more rewards than standart TomoChain masternodes. Because we set the maximum capacity to 250,000 TOMO and the reward distribution rate high (80%).
For example, if you stake to standart TomoChain masternode which has 250,000 capacity, you get 5.95% ROI. But if you stake to TomoStake Pool, you get +8% ROI. Also if you stake 5.000 TOMO to TomoStake Pool, you get 1 ticket for 50 TOMO airdrop lottery. Stake more to get more tickets! To learn more, please read the airdrop paper.
250,000 TOMO TOMO
Est. Daily Rewards for 1000 TOMO: 0.24 TOMO
Minimum Staking Amount: 10 TOMO
Standart Masternode: 250,000 TOMO
Est. Daily Rewards for 1000 TOMO: 0.16 TOMO
Minimum Staking Amount: 100 TOMO
HOW TO STAKE
Staking with TomoWallet App
You need TomoWallet app in your
2) Open the app and scroll down to Applications/Utilites section.
3) Click Staking Services.
4) Click TomoStake from staking service list.
5) Hit the Stake button.
6) Enter the amount of Tomo you want to stake (minimum 10) and hit the stake button.
7) Slide the confirm button.
Staking with Desktop Browser
2) Connect your wallet via Metamask, change the network as Tomochain and refresh the browser.
3) Hit the Stake button.
4) Enter the amount of Tomo you want to stake (minimum 10) and hit the stake button.
5) Slide the confirm button.
*Don't use TomoMaster to
stake your TOMO to TomoStake Pool. If you use TomoMaster, you
won't get +8% ROI.
*If you want to use Ledger or web browser to stake your TOMO, you need to connect with MetaMask and use the Staking Page.
*When you stake your TOMO, it will be locked in smart contract; so your TOMO will be safe.
HOW TO WITHDRAW REWARDS
You can withdraw your rewards anytime you want from staking page. To do it go TomoStake Pool and click the Withdraw button under the "My Rewards" section and confirm the transaction. But you don't need to do it manually. We send your rewards to your wallet everyday at 08:00-08:10 GMT automatically. If you don't recieve them automatically, please contact us via telegram or twitter.
HOW TO UNSTAKE
1) Go to TomoStake
2) Click Unstake button.
3) Enter the amount of Tomo you want to unstake and hit the Unstaking button.
4) Slide the confirm button.
6) After 96 epochs (aprx 48 hours), you gonna withdraw your unstaked Tomo. To withdraw your unstaked Tomo; go to TomoStake pool, click avatar from right top > profile > withdraw and confirm the transaction.
Staking Tomo simply stands for holding a cryptocurrency in masternode, then earning interest on it. There is other ways to stake your Tomo. For example, some wallets and exchanges support Tomo staking. But you can get best ROI with masternodes or pools.
The reward that one earns from staking varies depending on the length of the time that they hold it. The longer the stake duration, the higher the returns. You get your rewards every 30 minutes (1 epoch) on Tomochain and there is no fixed stake duration.
Only 150 nodes can be selected as Masternodes on the network. TOMO holders controls which full-nodes can create, verify and validate new blocks in TomoChain’s platform. Masternodes are elected by the TomoChain community, where TOMO holders vote for one or several Masternode Candidates by sending TOMO through a smart contract mechanism.
One of the main advantages of staking is that
it eliminates the need to invest in expensive mining hardware. You
just need to buy the coins and hold them in masternode. The next
thing to do is to sit back and watch as your wallet balance grows
in value. It’s quite an easy way to make money.
The other advantage of staking is that it gives you a guaranteed and predictable source of income. That’s because, the value of coin increases in predictable figures. It’s the same as putting money in a fixed account. You are always guaranteed of getting your money back.
There are two important things to choose a masternode to stake your Tomo coins; capacity and continuity.
Capacity: If a masternode's capacity is high, it means that the masternode has staked to much with tomo coins. If you stake to that masternode, your rewards will be small; because you will share the rewards with other stakers. So if capacity is low, your reward will be bigger.
Continuity: There are two reasons why a tomochain masternode can stop. (1) Masternode can close the node. (2) Not being among the top 150. If masternode is not running, you can't get rewards.
Everybody wants more rewards and continuity. So you have to choose your masternode wisely. You have to find good capacity with continuity. And TomoStake pool is one of them!