Our users are always asking for more ways to participate in network rewards with their holdings at CoinList, and we have been listening.
Last October, Flow raised $18M from a community sale and auction on CoinList at a closing token price of $0.38.
Since then, FLOW price has increased 9,900% to its current price of $38.
Today, we are proud to announce that eligible users can now earn up to an estimated 5% APY in FLOW staking rewards directly through CoinList.
To earn FLOW staking rewards on CoinList, deposit FLOW into your FLOW staking account. Deposits can be made any time and begin to earn rewards at the start of the next rewards period.
1. What is FLOW staking?
Flow is a Proof-of-stake based blockchain platform that rewards network participants for helping to secure the blockchain through staking. CoinList will facilitate staking for users, and Bison Trails will be acting as the delegated worker for FLOW staking on CoinList. CoinList users that stake their FLOW receive rewards for their contributions.
2. How do I earn staking rewards on CoinList?
To stake FLOW on CoinList, deposit FLOW into your FLOW staking account. Deposits can be made any time and begin to earn rewards approximately 7 days (not guaranteed) after the next rewards period. Withdrawal requests are processed at the end of the rewards period and will be available in your wallet after it is unbound from the protocol (~7 days). Your funds and rewards will remain locked in the staking account until your withdrawal request is completed.
3. How much are FLOW staking rewards?
The Flow Network currently has an estimated 5% annual rate of return for users that are locking their FLOW. Please note that this estimated APY is not guaranteed, is subject to change, and does not take into account the 8% CoinList commission.
4. When will I receive my FLOW staking rewards?
Your funds and rewards will remain locked in your FLOW staking account until you withdraw them.
5. Will my staking rewards be automatically re-staked? Are FLOW rewards compounding?
Yes, your FLOW staking rewards are automatically re-staked and will earn additional rewards until you unlock them. You are only able to trade or withdraw unlocked FLOW.
6. If I participated in the FLOW token sale and received FLOW rewards, will that FLOW be automatically deposited into my staking account?
If you participated in the FLOW token sale, and accrued staking rewards on your FLOW while it was locked up, those FLOW rewards will not be re-staked automatically. You need to visit coinlist.co/rewards and click on the “Deposit” button to commit the FLOW in your wallet into the staking account.
7. Do I have to buy my FLOW on CoinList to earn staking rewards?
No. You may deposit FLOW into your CoinList Wallet and lock your FLOW to begin earning staking rewards.
8. When will I be able to withdraw my FLOW staking rewards?
You can only withdraw or trade unlocked FLOW. Any FLOW that is currently being staked cannot be withdrawn or traded. You must initiate an unlock prior to the end of the staking rewards period. At the end of the reward period, unlocked FLOW will then be distributed to your FLOW wallet where you can trade or withdraw.
9. Who is eligible to earn FLOW staking rewards on CoinList?
With the exception of US and Canadian residents, anyone who is able to open up a wallet on CoinList and deposits FLOW into their account is eligible for FLOW staking rewards on CoinList. CoinList Wallets are not available in all jurisdictions, please visit this page to see our list of approved jurisdictions.
10. What are FLOW staking rewards paid out in?
FLOW staking rewards on CoinList are paid out in FLOW. You will not earn any additional fees in ETH or any other currency.
This blog post is being distributed by Amalgamated Token Services Inc., dba “CoinList,” or one of its subsidiaries. This blog post and use of the CoinList website is subject to certain disclosures, restrictions and risks, available here.