Oxen (LOKI) Staking - All information about Oxen staking - DropsEarn
Oxen

Oxen (LOKI)

Loki provides users with tools to interact online in an anonymous, decentralised, secure and private way. By combining a private transaction network, the LOKI cryptocurrency, and economically incentivised Service Nodes, Loki has created a trustless quorum-based onion router called Lokinet. Built into Lokinet is Session — a decentralised, anonymous and private messaging service. Front end applications, known as Service Node Apps (SNApps) operate on Lokinet, and will allow browser integration and contribution from our open-source community.

  • Reward: 17.21%
  • Adjusted Reward: 11.36%
  • Compound Reward: 15.89%
  • Adjusted Compound Reward: 10.04%
  • Inflation: 6.24%
  • Lock-Up Period: -
  • Total Staked: 36.83%
  • Price: $0.5397
  • Market Cap: $28,586,678
  • Rank: #342

About Staking LOKI

At the moment, to generate income, the best option is to start a Service Node.

Right now Service Nodes are full nodes on the Loki network. Full nodes become Service Nodes when the owner locks the required amount of Loki and submits a registration transaction. Once accepted by the network, the Service Node is eligible to win block rewards. Multiple participants can be involved in one Service Node and can have the reward automatically distributed.

It is also worth noting that Service Nodes are quite basic at the moment, and operators will need to stay up to date with new updates to keep in line with software and hardware requirements. Once all of the updates are out, Service Nodes will also offer the following Loki Services:
 

Once these features come out, Service Node operation will require better servers, particularly when it comes to bandwidth.

How To Stake LOKI

You can run the Loki software on any operating system that you can get it to build on, but for the purposes of this document, the instructions apply to running a Service Node on a remote Ubuntu 18.04 server. If that isn’t what you want to do, syntax and server set up will of course differ according to whatever OS you choose to run your Service Node from.

Tutorials:

Express Setup Guide

Full Guide on Service Nodes