ICON is a decentralized blockchain network focused on interoperability. Moreover, with the help of ICON’s “blockchain transmission protocol”, independent blockchains like Bitcoin and Ethereum can connect and transact with each other. As a result, cross-chain communication is possible and this opens the gate for a lot of new use cases which didn't exists in the blockchain space before.
Additionally, the ICON Network describes itself as a general-purpose blockchain protocol based on the native cryptocurrency ICX. Meaning it can run smart contracts, adopt the BFT-DPoS (Delegated Proof-of-Stake) consensus protocol, and use an economic-governance protocol called DPoC (Delegated Proof-of-Contribution). The ICON Network is powered by a proprietary blockchain engine called 'loopchain' and has the ability to handle hundreds of transactions per second. Staking coins is one of the features of the ICON network.
How to earn Passive Income with ICON
First of all, users and investors can earn crypto dividends by locking up ICX coins in collateral. To stake ICX coins from a webwallet follow the procedure below:
1. Acquire ICX tokens at a cryptocurrency exchange
2. Install a webwallet that can be downloaded here
3. Send tokens to your new wallet-address
4. Click on 'Voting' in the toolbar
5. Choose the amount of ICX you'd like to stake and click 'Complete'
$0.25(-0.31%)24h
16.97%Annual yield
Ranking: 125
ICON(ICX)
$0.25(-0.31%)24h
16.97%Annual yield
ICON is a decentralized blockchain network focused on interoperability. Moreover, with the help of ICON’s “blockchain transmission protocol”, independent blockchains like Bitcoin and Ethereum can connect and transact with each other. As a result, cross-chain communication is possible and this opens the gate for a lot of new use cases which didn't exists in the blockchain space before.
Additionally, the ICON Network describes itself as a general-purpose blockchain protocol based on the native cryptocurrency ICX. Meaning it can run smart contracts, adopt the BFT-DPoS (Delegated Proof-of-Stake) consensus protocol, and use an economic-governance protocol called DPoC (Delegated Proof-of-Contribution). The ICON Network is powered by a proprietary blockchain engine called 'loopchain' and has the ability to handle hundreds of transactions per second. Staking coins is one of the features of the ICON network.
How to earn Passive Income with ICON
First of all, users and investors can earn crypto dividends by locking up ICX coins in collateral. To stake ICX coins from a webwallet follow the procedure below:
1. Acquire ICX tokens at a cryptocurrency exchange
2. Install a webwallet that can be downloaded here
3. Send tokens to your new wallet-address
4. Click on 'Voting' in the toolbar
5. Choose the amount of ICX you'd like to stake and click 'Complete'
Ranking: 125
ICON Dividends Calculator: How much passive income($) is possible with staking?
Calculate your ICON earnings in the tables below and see what your profits will be on a daily, weekly, monthly, and annual bases. Also, you have the possibility to see your earnings based upon the number of dollars invested vs the rewards of a given number of tokens.
ICON(ICX)
