What is node staking and how to gain rewards?
Users may rent servers on the CITEX platform and then stake a specified quantity of coins as nodes to get 100% node rewards. The platform will rent the node servers on the user’s behalf and build and maintain the nodes free of charge. But the user will need to pay the server rent.
The user must hold the coin supporting the node rewards.
Click the “Asset transfer” on the upper left corner.
Select the coin that you want to stake as nodes and enter the quantity (The node server of different coins require different quantities of staking, which can be checked in the coin card). Transfer it from the exchange account to the node account;
In addition, you need to transfer a specified quantity of USDT as the server rent (each server costs 5 USDT every month).
① Click the “Coin card” and open the staking pop-up
② Enter nodes
The node quantity to be entered must be an integer at a minimum of 1; each node requires the staking of a specified quantity of the corresponding coin. For example, if you select IMG and enter the node quantity “2” whereas one IMG node requires the staking of 10,000 IMG, then the staking quantity = node quantity * staking quantity required for each node = 2 X 10,000 = 20,000 IMG.
③Enter the days of server rental
The days of server rental to be entered must also be an integer at a minimum of 7.
For example, if you enter “10” as the days of server rental and the monthly rent for each node of IMG is 5 USDT, then the server rent = node quantity * days of server rental * monthly rent of each node of the currency / 30 days = 2 * 10 * 5 /30 = 3.3333 USDT;
④ Generate staking record
You may view the records in “My staking record” upon successful staking; each node has one staking record.
① In “My node account”, choose the row with the staking coin. Click “Redeem” in the bar on the right and open the redemption pop-up;
② In the redemption pop-up, tick the node staking record, click “Redeem immediately ” and the staking coin will be transferred to your node account in 24h.
③ You may view the redemption record in “My redemption record”.
4.View rewards record
For the time being rewards will be distributed on a weekly basis. You may view the coin type and quantity for each reward in “My reward record” (100% node returns will be distributed to you as rewards).
Upon reward distribution, you may view the daily statement of returns for all staking coins in “My income record”.