Staking is available to all registered users of the PIN Network App. To get started, simply create a free account through the PIN Network App or our web app at https://payitnow.io/download-app. Once your account is active, you can deposit funds and begin staking. If you're already a registered user, just log in with your existing credentials to access the staking dashboard.
Staking is the process of depositing your cryptocurrency assets to earn rewards. When you stake your assets with PIN Network, you're contributing to the liquidity pools that make trading on the platform more efficient. We offer two staking options: Flexible staking (unstake anytime) for all supported assets, and a special 1-year lock option for PIN tokens that doubles your staking value.
We offer two staking options:
Flexible Staking: Stake any supported asset (PIN, BTC, ETH, USDT, XRP, BNB, SOL) and unstake anytime. Your staking value equals your deposited value ($1 = $1).
1-Year PIN Lock: Exclusively for PIN tokens. Lock your PIN for 365 days and receive 2x staking value ($1 = $2). This doubled value means you earn a larger share of the pool rewards.
The APY rate is dynamic and calculated based on actual rewards distributed in recent epochs. Current estimated APY is displayed on the dashboard.
It depends on your staking type:
Flexible Staking: Yes, you can unstake anytime without any penalties.
1-Year PIN Lock: No, your PIN tokens will be locked for the full 365-day period. Early withdrawals are not possible.
Please carefully consider your financial needs before choosing the 1-year lock option for PIN tokens.
For Flexible Staking: You can unstake at any time. Your assets will be immediately available in your wallet after the unstaking transaction is processed.
For 1-Year PIN Lock: After the 365-day lock period ends, you can unstake your PIN tokens along with any accumulated rewards. The assets will then be available in your wallet.
No, APY rates are variable and not guaranteed. The displayed rates are based on current staking pool size and network performance. These rates may change over time as more users stake assets or as network conditions change. Your actual returns may be higher or lower than the estimated amount shown at the time of staking.
Currently, you can stake the following cryptocurrencies on our platform:
PIN (PIN Network Token)
BTC (Bitcoin)
ETH (Ethereum)
USDT (Tether)
We plan to add support for more cryptocurrencies in the future.
Staking rewards are distributed proportionally based on your share of the total staking pool. Your share is determined by your staking value:
Your Share = Your Staking Value รท Total Pool Staking Value
For example, if you stake $1,000 worth of BTC (flexible) in a pool worth $100,000, you own 1% of the pool. If you stake $1,000 worth of PIN with 1-year lock, your staking value is $2,000, giving you 2% of the pool (assuming same total).
Rewards are calculated hourly based on your pool share and distributed in the same cryptocurrency that you staked.
When you stake your assets, you contribute to PIN Network's liquidity pools. This increased liquidity is essential for the exchange's stability and efficient operation by:
Reducing price slippage during large trades
Enabling faster transaction processing
Providing a buffer against market volatility
Allowing for more competitive trading fees
Enhancing overall user experience on the platform
Yes, there are minimum staking amounts for each cryptocurrency:
PIN: 100 PIN
BTC: 0.001 BTC
ETH: 0.01 ETH
USDT: 10 USDT
XRP: 10 XRP
BNB: 0.05 BNB
SOL: 0.1 SOL
There are no maximum limits, so you can stake as much as you have available in your wallet.
Yes, we take security very seriously. PIN Network employs industry-leading security measures to protect all staked assets, including:
Cold storage for the majority of assets
Multi-signature technology for all transactions
Regular security audits by third-party experts
24/7 monitoring of all platform activities
Insurance coverage for digital assets
However, as with any cryptocurrency activity, there are inherent risks. We recommend using strong passwords and enabling two-factor authentication on your account.
Yes, you can stake multiple different cryptocurrencies simultaneously. Each staking transaction is handled independently, so you can have different assets staked for different periods. This allows you to diversify your staking strategy and potentially maximize your rewards.
