How to stake Swingby tokens for the Chaos-MainNet
We strongly recommend you to learn more about the SWINGBY use cases in the dedicated section of this documentation.
The locked tokens will be rewarded with 1% interest distributed on a weekly basis, and these rewards will reduced with each development milestone achieved:
Milestone | Reward per week |
Until BTC mainnet launch | 1% |
Until second swap pair | 0.75% |
Until third swap pair | 0.5% |
Until fourth swap pair | 0.25% |
After fourth swap pair | No reward |
NOTE: If your metanode is in the top 50 most bonded nodes, then you will earn above interest. (APY: 52%) Otherwise, you will receive the standard 30% APY.
1. Navigate to https://timelock.swingby.network/
2. Choose the login method.
3. Click on "Add New Timelock" button.
4. Input Lock amount, Description, Lock period.
If you wish to be a metanode operator for Swingby network, please check the following tips.
Lock amount: 50K SWINGBY is the minimum requirement to be metanode .
Description: Please paste the "description" from the telegram bot. Otherwise, your timelock WON'T even acknowledge the registering of the metanode operator.
Lock period: The metanode rewards are distributed to the node whose locked for more than 1 month time period. Hence, please extend the lock period to make sure your node has enough period to lock.
NOTE: you will need a small amount of BNB tokens to pay for the network fee.
5. You will see the locked transaction.
1. Click the "relock" button on the existing timelock transaction.
DO NOT click "Add New Timelock" if you want to add an amount or extends the lock period.
2. Update the amount or lock period and click "Relock"
3. Now you can see the updated timelock transaction.
1. You can click "unlock" to release your funds once the locked transaction is overdue. The amount will return to your wallet address.
1. Click your address or search your address on https://explorer.binance.org/
2. Click the 'Transactions' tab.
3. Now you can find your timelock transaction details!
