All blockchain communities that are decentralized have some sort of rewards system for people who help secure their network. In some systems like Bitcoin, these rewards are given to ‘miners’, a select subgroup of people who secure the Bitcoin network. In PIVX, anyone who has PIV can help secure the network and is able to receive rewards for their efforts!
How to Get Rewards
PIVX operates using a Proof of Stake security mechanism which means that in order to help secure the network, you must prove you hold PIV. The first two methods below are two ways you can use your PIV to earn interest on what you already have. If you don’t have PIV, but you want to earn some, the third method allows
Method 1 – Running a Masternode
Running a Masternode, which requires 10,000 PIV.
(Note: Requires some technical know-how)
Method 2 – Stake Your PIV
Staking your PIVX, which has no required minimum, but requires you to keep your wallet active.
Method 3 – Helping Out
There are also opportunities available all the time to help out with community projects funded by PIVX. If you help these projects along, you become eligible to earn PIV for your time and work. These opportunities include development, marketing, customer support, and more. If you’d like to help out with these activities, please reach out to us on Discord or in the Forums.
How Much PIV is Created, and How is it Distributed?
Every 60 seconds, 6 PIV are created (Also sometimes called minting).
How Much PIV Should I Actually Expect to Make?
The reward system by design has a lot of
Based on estimates for May 2017 through April 2018, average yearly returns for staking are approximately 4.8%. For up to date rewards please check out the PIVX Rewards Calculator.
Want More Information?
Please join our thriving Discord community and ask any question you would like! Get your invite at https://discordapp.com/invite/jzqVsJd