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About Staking WAXP
WAX Staking Rewards is the voting and rewards system that we’ve designed to increase community participation in the selection of guilds.
- Stake your WAX Tokens. If your WAX Tokens are not staked, you will need to stake them using a Scatter wallet.
- Vote via your Scatter wallet. If you have Genesis WAX Protocol Tokens in a WAX Blockchain account, you will need to connect a Scatter wallet to the account to vote. All WAX Token holders can vote for up to 30 WAX Guilds. The strength of your vote for any particular guild depends on the number of WAX Tokens you have staked.
- Earn WAX Staking Rewards. WAX Token holders who stake their tokens and then vote with them will earn additional WAX Tokens. These earnings are called WAX Staking Rewards and are issued directly from the WAX Blockchain.
How To Stake WAXP
- To earn WAX Staking Rewards, you’ll need to set up your WAX Account and stake your WAX Tokens (a one-time process), then vote weekly. Here’s how to set up your WAX Account and stake your WAX Tokens:
- Follow the instructions here to create a WAX Account (note: a WAX Account is a blockchain account and is different from a WAX All Access account).
- Send WAX Tokens to your WAX Account*. Your WAX Account name is formatted as xxxxx.waa
- Stake your WAX Tokens using your Scatter wallet: Log into Scatter, then click on the wallet containing your WAX Tokens.
- Click on “Manage” located beneath the CPU and NET options (it doesn’t matter which one you choose).
- Slide the blue circle all the way to the right on CPU and/or NET (it doesn’t matter which one(s) you choose).
- Click “Confirm” and a popup will appear, then click “Allow” Your WAX Tokens are now staked.
- The last step towards earning WAX Staking Rewards is voting. Right now, you can vote for WAX Guilds. In the future, you will also be able to vote for standby guilds and blockchain improvement proposals.
- To vote for WAX Guilds and earn rewards: Visit account.wax.io and login
- Click the “Vote” tab Select at least 16 WAX Guilds and up to 30, then click “Vote” That’s it!
- Vote every week to maximize your WAX Staking Rewards.
WAX has created a full suite of blockchain-based tools that allows anyone to trade digital or even physical items instantly and securely, to anyone, anywhere. Participants of the Worldwide Asset eXchange gain access to a global community of collectors and traders, buyers and sellers, creators and gamers, merchants, dApp creators, and game developers.