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IPX Wallet Staking Will Be Available in the Upcoming v2.6 of Tachyon VPN

Bitcoinist

Bitcoinist | Dec 08, 2020 | 08:38

tachyon protocol IPX Wallet Staking PR Press releases

IPX Wallet Staking Will Be Available in the Upcoming v2.6 of Tachyon VPN

Bitcoinist

Bitcoinist | Dec 08, 2020 | 08:38


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Tachyon Protocol (IPX)’s VPN service, Tachyon VPN, will be supporting IPX Staking natively in its IPX Wallet in the upcoming v2.6 release. With IPX Staking, all participants will be able to stake tokens directly inside the Tachyon VPN platform without the need to operate a node. These participants will be earning staking rewards (but no session rewards – if they are not node runners). To boost their staking returns, participants can lock a small amount of IPX. The v2.6 release is expected to go live this month.


IPX Wallet Staking makes IPX staking easier than ever since there is no limitation on the staking amount either. All information will be recorded on the contract and reports will be readily available. If stakers opt to lock some IPX to boost staking ROI, the effectiveness will depend on the amounts and durations of IPX staked and boosted at the individual and overall levels.

An early preview of IPX Wallet Staking

Out of the circulating supply of ~267M IPX, about 83% or 220M+ IPX is staked by Node Providers earning them 13M+ IPX as a result. This shows how popular staking is among the participants already. With nearly 23k functioning IPX wallets live in the system, direct staking from Tachyon VPN will attract even more holders and stakers.

Tachyon VPN’s v2.5 was released last week for both Android and iOS. The IPX payment design was completed as well. As IPX will be used as the main payment method in Tachyon VPN soon, this will be the crucial step to introduce IPX to Tachyon VPN’s nearly 2.2 Million global users. Development work for IPX Wallet Staking on Android got off to a start this week. So the release of v2.6 is as per schedule for December 2020. 

Download Tachyon VPN on App Store here: https://apps.apple.com/us/app/id1500439310

Download Tachyon VPN on Google Play here: https://play.google.com/store/apps/details?id=eco.tachyon.android

Download Tachyon VPN on macOS here: https://tachyon.eco/d/Tachyon_1.7_2020-06-02_cbc39602.dmg

Download Tachyon VPN on Windows: Coming Soon

About Tachyon Protocol

Tachyon Protocol is a decentralized internet protocol that aims to create a libre, secure, and private internet for users. By implementing techniques from DHT, blockchain, UDP, and encryption, Tachyon is committed to building the next generation TCP/IP that can provide a self-sufficient internet environment with high security, untraceability, availability, and maximum network speed. Tachyon brings to fruition years of experience and research by Sunny King (inventor of PoS i.e. Proof-of-Stake consensus mechanism), Peerchemist (Peercoin Project Leader and President of the Peercoin Foundation), and FinTech investor Alex Yang. Tachyon VPN currently has nearly 2.2M users and over 1.5k distributed nodes to choose from. For more information, please visit https://tachyon.eco/.


Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.

 

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