Complete guide to staking NPXS, how to earn passive income with PundiX Tokens, and why I think NPXS cryptocurrency is a smart investment
What is Pundi X token?
PundiX is a dividend token that pays out rewards simply for holding the coins in a wallet where you control the private keys, or on one of the approved/recommended exchanges.
How much can I earn by hold and staking Pundi X tokens?
Dividend payments are distributed via airdrop automatically to your ERC 20 wallet. Tokens need to be held in the wallet the whole month to receive the full amount. If you hold fewer days, you receive less.
The Pundi X whitepaper outlines these dividend amounts:
- For 2018, monthly payout rates are 7.316%
- For 2019, monthly dividend payments are 2.11637%
- For 2020, the rate drops, but is still a respectable 0.88187 % per month for a total of 10.5% yearly without calculating compounding interest (the dividend payment you receive on the dividend payout from the previous months)
Additional earnings until June 2019
The PundiX whitepaper talks about a process of unlocking additional NXPS tokens. In a recent update on Reddit, PundiX announced that they have changed the rate and speed at which additional tokens are unlocked.
To better comply with ever-changing regulatory requirements, our legal team has advised the company to release the remaining unlocked tokens, starting from April 1, 2019, and to complete the program early by the end of June, 2019.
Given the shortened period, we will increase the unlocked-token rate over the next three months. Please note that the total distributed amount of the tokens will remain the same as stated in the whitepaper.
The time base for calculating the remaining unlocked tokens
Start date: 00:00:00 GMT+8 on March 1, 2019
End date: 23:59:59 GMT+8 on May 31, 2019
Unlocked token rate: 11.063%
The formula to calculate the base of your NPXS/NPXSXEM monthly holdings is the same as previous months but the rate is adjusted:
[(The average of the daily lowest NPXS amount of the month X 10%) + (the daily average NPXS amount of the month X 90%)] X 11.063%
Random snapshots will be performed as usual.
The remaining unlocked tokens will be distributed in the first week of April, May, and June. There will be no more monthly token unlocks thereafter.
How much should I invest in NXPS?
With such promising payout rates, such a high rate of return (return on investment), it’s tempting to want to put lots of money into PundiX. Plus, they’ve already released hardware solutions that tie into their blockchain – this isn’t just some pie-in-the-sky project.
If you haven’t read what I say about equal position sizing, please do that first
Once you’ve decided how much you are going to put into each idea, then you already know how much you should spend on NXPS token shares.
How do I stake my NXPS tokens?
First, you must purchase some NXPS tokens. Binance is the largest exchange that trades NXPS, but Bittrex, Hotbit, and Bitrue also do.
In order to earn the dividend payouts from PundiX, you need to hold the NXPS tokens either in an ERC20 (ethereum) wallet that you control the private keys – like MyEtherWallet, Xwallet, Ledger Nano, Trezor etc.
Alternatively, you can also leave your PundiX tokens on a supported exchange:
- Bittrex International
Keep in mind that leaving your NXPS tokens on an exchange will work for the dividend payments, but you may not receive any of the ‘unlocked’ token payouts.