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What is ICON?

The ICON Network enables different blockchains to communicate with each other via its BTP (Blockchain Transmission Protocol) technology, thus making ICON a blockchain aggregator.

ICON supports smart contracts and is built with a focus on interoperability. Multiple Dapps have already been deployed on ICON, including Balanced DAO, ICONBet, NFT Project Nebula, and the Staking No loss Lottery.

ICX is ICON’s native cryptocurrency token used for gas fees and value transfer in the ICON ecosystem. ICON is governed by a network of 100+ P-Reps (Public Representatives) and 22 Main P-Reps.

What is ICON staking?

Staking is a great way for long-term crypto investors to earn passive income on their Proof-of-Stake cryptocurrency assets (such as ICX) while taking part in securing the network.

Stakers, by delegating tokens to validators, give voting rights to these to validate transactions on the blockchain and propose new blocks. The more stake is attributed to a validator, the more it will be able to take part in the network consensus and earn rewards for its stakers.

A quick example: Suppose a blockchain network offers a 5% reward rate for a staking period of 1 year (5% APR). You decide to lock up and stake 100 tokens on the network. After a year, you can access your staked tokens, and you receive 5 additional tokens as your reward – minus eventual fees charged by the staking provider.

Staking Proof-of-Stake (PoS) cryptocurrencies such as ICX does not require stakers to transfer their token to validators. It is a non-custodial process.

Why is Stakin a great choice for ICON staking?

Staking your assets on your own is operationally challenging as it requires specialist expertise to set up nodes and ensure constant uptime to maximize rewards or prevent so-called slashing: partial loss of your staked cryptocurrencies due to prolonged downtime, or inappropriate/malicious behavior by the node operator.

Stakin is an excellent choice for staking your ICON (ICX) tokens, as we have a strong expertise and track record of reliable operations on this network. Stakin has been a Main P-Rep since 2019 with 99.8%+ uptime and a Testnet node operator. Stakin has been involved in every decentralized governance decision, including ICON CPS.

Stakin is also a dedicated P-Rep, a regular contributor on ICON community chats, and an ICON dApp builder, creator of the first no-loss staking lottery Dapp on ICON.

There are several advantages when staking your ICON (ICX) tokens with Stakin, such as:

• Triple AAA-rated institutional staking provider by Staking Rewards

• ISO 27001-certified staking provider

• Tracking dashboard, to easily track and generate reports for the performance of your staked assets

• Reliable infrastructure - We distribute our servers across various geographical locations and partner with premier bare metal and cloud providers.

• Dedicated support for all your staking, unstaking, and network-related questions.

• Institutional grade SLAs with uptime and slashing guarantees.

What kind of institutional services does Stakin offer for ICON Network (ICON) Staking?

As an institutional-grade ICON Network node operator, Stakin has a full range of staking services and advantages to cater to the needs of enterprises and investors, such as asset managers, company treasuries, exchanges, VCs and hedge funds, wallets, custodians, and liquid staking services.

• Possibility to participate in the bond of Stakin’s ICON public node in a fully non-custodial manner with boosted APY, or benefit from dedicated infrastructure

• Automated weekly commission and reward management with clear reporting

• Institutional grade SLAs with 99.5%+ uptime guarantees and slashing guarantees

• Dedicated account manager to answer all your technical and commercial questions

• Whitelabel and dedicated nodes with dedicated infrastructure which can be deployed in your preferred region to fit decentralization or compliance needs