By staking your icoin with ICOINLABS, you'll receive koi (staked icoin) in return at 1:1.06 ratio based on the fixed 6% APY. Ex: you stake 100 icoin, you receive 106 koi in return.
After 1 year (365 days) of staking period, you will send your koi to the staking address, within 5 days you will receive icoin with the same amount of your koi. Ex: you send 106 koi to the staking address, you will receive 106 icoin.
5,000,000 icoin amount is the minimum for staking condition.
Note: Please don't send less than 5,000,000 icoin to Staking address. If you stake less than 5,000,000 icoin might cause losing your icoin. We will not be responsible for this case.
APY: the annualized rate of return based on the reward yield. In this case APY is fixed 6%
In this case staking period is fixed 1 year (365 days). You can not unstake before the staking period of 365 days is terminated.
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