Guide to Staking AVAX

What is AVAX and how does it work?

AVAX, often abbreviated as AVAX, is a high-performance blockchain platform designed to support decentralized applications (dApps) and enterprise blockchain deployments in a scalable and efficient manner. Launched in September 2020 by Ava Labs, which was founded by Emin Gün Sirer and a team of researchers, Avalanche aims to provide a faster and more secure alternative to existing blockchain networks.

Avalanche utilizes a unique consensus mechanism known as Avalanche Consensus, which combines elements of both Nakamoto consensus and classical consensus protocols. This allows it to achieve high throughput (up to thousands of transactions per second), low latency (with finality achieved in under a second), and improved energy efficiency​.

The platform consists of three main components:

Primary Network: This is the main blockchain that hosts three different types of chains:

1. C-Chain (Contract Chain): Executes Ethereum Virtual Machine (EVM) smart contracts, making it compatible with existing Ethereum dApps.
2. P-Chain (Platform Chain): Coordinates validators and facilitates the creation of new subnets.
3. X-Chain (Exchange Chain): Manages asset creation and transfers.
4. Subnets: Avalanche features a multi-chain architecture where subnets can operate independently, defining their own rules and governance. This flexibility allows developers to create tailored blockchain solutions while still benefiting from the underlying security of the Avalanche network.

Consensus Protocol: The Avalanche Consensus uses a directed acyclic graph (DAG) structure to process transactions in parallel. This innovation leads to quicker validation times and greater scalability compared to traditional blockchains that process transactions sequentially.

The native cryptocurrency of the Avalanche ecosystem, AVAX, plays multiple roles:

1. Utility: It is used for transaction fees, staking, and governance within the network.
2. Supply: Initially capped at 720 million tokens, the current circulating supply is approximately 405 million, with a portion of the supply being burned as transaction fees​.
Avalanche has gained attention for its innovative approach to scalability and transaction speed, making it a popular choice for developers and businesses seeking to build on blockchain technology.

How to Stake AVAX with KEYNODE

1. Introduction

Staking AVAX is an excellent way to secure rewards while contributing to the Avalanche network. With KEYNODE, you have a reliable and experienced platform to make the staking process simple and secure. As one of the most trusted names in the crypto staking industry, KEYNODE offers users a seamless way to stake AVAX, backed by over a decade of expertise and a global user base of over 10 million people. Let’s explore how KEYNODE can help you get started with staking AVAX today.

2. KEYNODE’s AVAX Staking Product Features

a. Minimum Staking Amount
To begin staking AVAX on KEYNODE, the minimum required amount is $21,000. This ensures that users can start earning significant rewards while supporting the network.

b. Staking Duration and Verification
Each staking period lasts for nine days. After nine days, the system automatically releases the staked funds, providing flexibility and ease of access to your assets. This cycle allows you to plan and manage your staking effectively.

c. Frequency of Rewards
Staking rewards are credited to your account daily. For example, if you stake $21,000, you’ll earn $357 per day, totaling $3,213 over the nine-day period. With rewards arriving daily, you can see your earnings accumulate consistently.

Additionally, if you refer someone who stakes AVAX through this service, you’ll receive a $400 referral bonus. It’s a great way to increase your earnings while helping others explore the benefits of staking on KEYNODE. Start staking and referring today to enjoy these daily profits in your account!

3. Step-by-Step Guide to Stake AVAX on KEYNODE

a. Create a KEYNODE Account
To start, sign up by entering your username, email, and password. Make sure to remember your username and password, as they are crucial for accessing your account.

b. Fund Your Account
After logging in, go to the dashboard and click on the "Staking List". From there, select the "AVAX" staking option.

c. Choose Payment Method
Next, select your preferred payment method. You can use USDT, BTC, ETH, LTC, or other supported currencies. Ensure the amount you input is at least $21,000, as this is the minimum required to stake AVAX.

d. Start Staking
Once your payment is successfully processed, the system will automatically start staking. Your AVAX staking process will begin running, with profits settled every 24 hours, allowing you to start earning rewards daily.

e. End Staking
Due to the volatility of cryptocurrency prices, this staking product has a cycle of 9 days. After the 9-day period, your $21,000 investment will be returned to your account. At this point, you can choose to reinvest by purchasing a new staking cycle or withdraw all of your funds. This flexible option allows you to adapt to market conditions and manage your investments as needed.

4. Conclusion

Staking AVAX with KEYNODE offers an opportunity to grow your investments through a structured yet flexible process. With a 9-day cycle, daily rewards, and a user-friendly interface, KEYNODE provides a straightforward path to maximizing your crypto returns. You can reinvest your earnings or withdraw your funds at the end of each cycle, giving you full control of your investment strategy. Join the thousands of users who trust KEYNODE and start staking AVAX today to enjoy significant rewards and a seamless staking experience.