Image Credit to karmaapp.io
GenerEOS is excited to announce another token that you're able to stake using EOSToolkit.io!
What is KARMA?
The definition of KARMA brings a positive entanglement of human actions based on other actions prior to earlier life. With the KARMA project, its objective is to fulfil charitable & honest actions by humanity and ensure that the people who are in need receive what they’re intended to be given or donated.
30 Million KARMA will be dispersed as rewards from staking for early supporters. The 30 Million KARMA tokens will be spread throughout a period of 30 days. Daily KARMA Inflation is at 5% per annum. There will be 1,297,140 KARMA produced each day.
KARMA’s reward pool is as follows:
Content Rewards – 70%
- Photo Content – 5% or (3.5%)
- Video Content – 95% (66.5%)
Engagement with votes & rewards – 10%
- Up Voting Posts
- Down Voting Posts
Staking Rewards – 15%
- Auto Claim
- Claim Every Week
Developer Pool – 5%
- Which is used to fund the continuous development and improvements to the KARMA App etc.
Read more on their latest release
Staking KARMA on EOSToolkit.io
September the 10th is when you're able to stake your KARMA and EOSToolkit.io is the only wallet able to do this. As with unstaking EOS, KARMA will take 3 days to unstake. Users are able to claim the reward tokens once per week.
How to Stake KARMA on EOSToolkit.io
You need 2 things, KARMA tokens & EOSToolkit.io. Always check for updates for the Scatter Chrome Extension as well as the Desktop Version. But before we get into that, let me explain something briefly to you.
Power Up: This term is used to “stake” your KARMA. When the Power Up has been activated, it’s then allowing KARMA to generate and do as it’s required.
Power Down: This term is used to “un-stake” your KARMA. When Powering Down, it’s a general rule that it takes 3 days to Power Down or Un-stake. Just like EOS staked for CPU & NET, instant stake, 3 day cooldown.
Sign into your account that currently has your KARMA on EOSToolkit.
On the left-hand menu find the KARMA tab.
Enter the amount of KARMA you’d like to stake or Power Up.
Click on Power Up and you will be presented with a Success screen ensuring you have correctly Powered Up your KARMA! It really is two clicks, Click on KARMA, enter the amount you wish to Power Up (Stake) or Power Down (Unstake).
By Richie M
Help is here!
No matter what hurdle you come across or if you're in general need of help, you can always come & join our Telegram channel. Or also feel free to join us in our new & exciting HelpDesk with additional online Support! As the EOS community does, we will support you!
GenerEOS is a social enterprise block producing candidate with a mission of promoting and supporting scalable and highly reliable block production whilst giving back block rewards to Charities and the Community.
Based out of Sydney, Australia, GenerEOS is founded by a team of like minded blockchain enthusiasts with diverse backgrounds and a passion to make a difference in the world and fostering the spirit of generosity by giving back.
GenerEOS: The Future of Giving