How to Stake with FINXFLO

You now need a FINXFLO KYC-verified account

Here’s what you need to know.

Staking is an easy way to earn a passive income in the crypto-verse.

To begin staking, you’ll have to lock your cryptocurrencies up in a “staking pool” for a fixed period of time to earn rewards. For investors already holding FXF bags for the long term, it’s a simple way to enhance returns.

FINXFLO launched its staking feature on 8 Sep 2021 and 4 pools of up to 25% APR have been filled.

Pool 5 will open on 17 Oct 2021 at 12pm UTC. We will require all FXF Token holders to have a KYC-verified FINXFLO account before they can participate in the staking pool. This is necessary as we make the transition towards offering staking on our trading platform, providing our traders with added security and peace of mind.

Participants of all previous fully staked pools do not need a FINXFLO account to claim their rewards when the tenure is up.

Here’s an easy HOW-TO-STAKE guide with FINXFLO sign-in:

Note that all the data indicated in the visuals shared below is only for illustrative purposes.

Step 1: Go to https://yield.finxflo.com

You will see different staking pools for selection. Each differs in staking amount and lock-up periods.

You’ll see a “Start Earning” button on pools available for staking, while pools that have been filled will show a “Fully Staked” button:

Step 2: Login to FXF staking platform

You will need to sign in to your FINXFLO KYC-verified account before you can start staking. If you don’t have an account registered with our trading platform, please visit https://trade.finxflo.com to complete the account setup and complete KYC.

Click on the profile icon on the top right-hand corner, and you will be redirected to the login page.

Alternatively, you can also click on the “Start Earning” button of any open staked pool to login.

Login with your trading platform credentials. Validate with the 2FA (two-factor authentication) if needed.

After successful validation, you will be redirected to the staking pools page.

Step: 3: KYC Verification

Please make sure that you have completed your KYC verification in order to stake your FXF tokens successfully. Failing to complete the KYC will result in the error message below.

Need help on KYC? You can refer to our HOW-TO video guide here.

Step 4: Connect to Wallet

After completion of KYC, connect your personal wallet to the staking platform.

Step 5: Staking is a two-part process

Part 1: Approve

Part 2: Stake Tokens

Select your staking pool by clicking on “Start Earning” and a pop-up window will appear.

Click on “Approve” to continue.

You will then need to approve the request to link your personal wallet for the staking of FXF Tokens.

Click “Confirm” to continue.

The transaction will then be initiated. The linking of your wallet for staking is approved once the transaction is successful.

Part 6: Stake Tokens

You can now input the number of tokens you wish to stake.

Once you have stated your staking amount, the total rewards earned will be shown below.

Click “Stake” to proceed.

Select “Confirm” to initiate the transaction with the gas fees stated.

Wait for your transaction to be processed. It should take a few seconds to complete.

Step 7: Redirect back to https://yield.finxflo.com

The page will be refreshed and you will be redirected back to https://yield.finxflo.com. You will be able to see how much you have staked in the chosen pool.

Step 8: Claim your staked tokens

Upon completion of staking duration, you can visit https://yield.finxflo.com to claim your staked tokens, along with the rewards*.

Participants of all previous fully staked pools do not need a FINXFLO account to claim their rewards when the tenure is up.

Login to your account and click the “Claim” button.

Upon claiming your tokens and rewards, the pool will be updated, showing that you have completed your claim.

There you have it, 8 easy steps to stake and claim your FXF tokens 😊

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Here are some additional questions you might have:

1) Can I stake my FXF Tokens that are on BSC and TRON networks?

Currently, staking is only on Ethereum network. BSC & TRON wallet holders will have to transfer to ETH using our bridge to participate in staking.

2) Can I stake directly from my FXF wallet on the FINXFLO trading platform?

You have to log in with your FINXFLO KYC-verified account on https://www.yield.finxflo.com and connect to your personal wallet (refer to step-by-step guide above).

3) How will the APR be calculated?

We follow a simple formula to calculate the rewards that you are entitled to when you stake with us. Note that APR is non-compounding.

Reward tokens = (Number of tokens staked x APR(%) x Number of Days)/365

4) Is there an option for earlier withdrawal?

You will need to stake your FXF Tokens for the minimum tenure period. There is no early withdrawal of tokens.

Get your wallets ready to begin staking and earn rewards today!