Guide to NPXS staking ( incl some troubleshooting )

So the staking for NPXS is live for a couple of hours now.

Why stake at all?

All stakers will receive 15% of the f(x) token once it will be generated on the Token Generation Event.

The f(x) token will first be an ERC20 token and you will be able to swap it at a 1:1 ration once the mainnet goes live.

Pundix will than run with 2 coins.

You can swap you NPXS later for f(x) as well but the ratio is not set and will change from day to day.

So in short, staking gives you free tokens.

The f(x) token will be distributed every 7 days and can be withdrawn every 28 days.

The whole staking process will last 12 months but you are free to cancle your staking anytime.

How to stake?

You need to download the latest version of the x wallet app (https://xwallet.pundix.com).

click card and add the function x virtual card

You must complete the new KYC process to be able to stake your coins.

click the start staking button

There are 2 ways to stake

1. directly through the X-Wallet

2. through your ERC20 wallet, which I would highly recommend as afaik you do not have your private keys in the X-Wallet.

You will need to register your wallets public address.

Exchange addresses will not work

You will be given an address on which you need to transfer the required NPXS to confirm your address.

This should be fewer than 100 NPXS

After that you should receive a small amount of f(x) tokens

Add the custom token in your ETH wallet

The contract is

0x8c15ef5b4b21951d50e53e4fbda8298ffad25057

Do not send anything to this address though, the address to send your NPXS to confirm yours will be given by the X-Wallet!

Troubleshooting

I had several problems first with loggging into my X Wallet and after with starting the KYC.

For many people it helped to reinstall the app.

I had to switch to my mobile data and finally I was able to log in.

There is apperantly a problem which causes the send button to be greyed out so you are not able to continue.

Changing the country for a second seemed to help a couple of people.

I used the X-Wallet before and it run smoothly I guess the run on the app makes it bug out a little.

Is this all worth it?

That is up to you. I know a couple of people will not be staking because of the KYC progress.

From what I have read the rewards will look like this.

For every 100k NPXS/ NPXSXEM to stake, the holder can get approximately 18 f(x) tokens in 12 months or 1.5 f(x) tokens in a month or 0.05 f(x) tokens in a day, assume the holder completes all the actions required for staking in the XWallet app.

If and how valuable the f(x) token will be...no idea.

Dont forget that swaps, staking everything where people move their coins is also scam time so act with caution