Stake Option
Introduction to Staking with NEIQW Ignite
NEIQW Ignite provides an accessible pathway to launching validators through its Stake option, which involves a combination of BNB and NQW tokens as collateral. This option is designed for those who prefer a more traditional staking approach without any service fees.
Staking Requirements and Rewards
Stake Formula: 500 BNB minimum up to 1800 BNB + 10% additional in borrowed BNB value in NQW
Minimum Stake: 500 BNB + NQW equivalent to 150 BNB
Fee: $0
Key Features
Participants must provide a mix of BNB and NQW to initiate staking.
The service is free of charge, promoting a cost-effective entry into validator operations.
Stakers earn proportional rewards based on their BNB contributions, including network rewards and delegation fees.
Upon completion of the staking term, participants can reclaim their staked BNB and NQW, along with accrued rewards.
Getting Started with Staking
Navigate to ignite.neiqw.fi
Select My Validators from the top-left navigation panel.
Open the Validator Option box to choose a cloud provider.
Retrieve your NodeID from your selected cloud provider.
Choose your staking model: either Pay As You Go (PAYG) or Stake. For details on each, click the provided links.
Set your desired staking duration from the options provided.
Review the staking requirements displayed by the UI:
For PAYG: Confirm the payment amount, which can be settled in BNB, USDC, or NQW (with a 5% discount for using NQW).
For the Stake option: The UI will indicate the necessary amounts of BNB and NQW needed to begin.
Confirm and launch your node.
This straightforward process is designed to lower the barriers to entry for operating BSC validators, aligning with NEIQW's mission to democratize access to blockchain technology.
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