Simple guide for staking NULS + Airdrops 🛫🎁🚀

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I am a teacher, married, family man and I like to write about cryptocurrencieso yet...

4 years ago

In community: Crypto Mindset(9c1c)

Hey guys!

I am here today to explain the NULS stake, in the easy way possible about be it in larger or smaller amounts. And also take the opportunity to comment on the NULS airdrop that will be received at Nerve. First I will give some instructions to do the stake in the most usual way, which is through consensus, where you join a node and the second way you talk will be POCM (Proof of Credit Mining).

Consensus

The Proof of Credit consensus mechanism protects the NULS network by combining delegated proof of participation with an additional credit rating facility. Through a masternode or by participating in a node you already start winning NULS. It's a simple process, all you have to do is access your wallet, by clicking on the ---> Consensus button, you choose one of the nodes you want to join. Starting from 2.000 NULS you can already do the staking, in it you can check the commission, the number of participants, and other details. It is a very simple process.

POCM

How does it work?

Issue tokens from any network. Invest in SCO (Staked Coin Output) project nodes and earn your token as a reward, while the project gets NULS as a reward. Projects can use rewards to start and fund development. Unlike IEOs and ICOs, participants never risk their primary assets because they remain in their portfolio.

The platform allows projects to use the smart contract to create an SCO node. Holders can stake projects in SCO nodes and receive the newly generated project tokens, rather than the usual NULS staking rewards. The SCO project node continuously receives the staking rewards and projects can use the rewards to start and assist the development fund. The SCO platform and POCM allow this same functionality to be used with any other public chain or assets in any other blockchain ecosystem.

How to do it

You can stake your NULS for the projects you are interested in so get the project token periodically, and the NULS used for staking will not be lost. See step by step to make the stake by POCM:

On the POCM platform, click the ---> Select Project button, enter the page and select the approved item, click to enter the item detail page. You will see this page with the projects listed.

Then you will import the key of your NULS portfolio and from it, you will stake in the chosen project. Each project has a minimum amount of NULS in order to participate in the stake. It is also possible to observe some details regarding the current project, such as the minimum to be able to participate in the stake, how many participants, or even when days the assets are blocked. See below:

SCO detail

Token type: NRC-20;
Total supply: 12.000.000.000 OBEE
Token name: ObeeNetwork
Token symbol: OBEE
Minimum of NULS staking: 5
Total staking: 202.999,99 NULS
Running nodes: 5
Participants: 24
Token locked days: 10

The contract will be awarded once every 5 blocks. After the reward is issued, the user can click on ---> Receive rewards on the right side of the page. Upon receipt, the contract will transfer the rewards to the participating address in real time. After the blocking time is over, the token can be used.

The user can continue and add pocm of a certain item in the project details, or add by the ---> Add button on the right side of the participant list on the ---> User Center page.

Airdrop da NULS (Nerve)

After learning this NULS staking process, let's go to the best part that is airdrop. On July 12th the NULS and Nerve airdrop will take place. Why NULS and Nerve? Nerve is part of the NULS project, which aims to establish communication between other blockchains like Bitcoin and Ethereum through the cross-chain. On June 12, 2020, all NULS holders who have NULS in their portfolio or have a stake will receive 10% of their NULS assets in Nerve. Nerve has its own network but was built to complement NULS. It can still be received in the NULS portfolio due to the cross-chain. Below you can check out an exclusive post about Nerve.

Don't miss it!