Investing in BitConnect Coin and Staking

The moment you acquire BitConnect Coin it becomes an interest bearing asset with Up to 120% return per year through PoS minting. All you have to do to earn with this method is to hold coins in your Bitconnect-QT wallet. This means anyone holding BitConnect Coin in their wallet will receive interest on their balance in return for helping maintain security of the network, Learn more to stake BitConnect Coin.

BitConnect Coin Staking Interest

BitConnect Coin adopt a variable Proof of Stake(PoS) interest rate that will be given periodically payout as per following

(Note: Month start from BitConnect Coin network found very first block on 24th of December 2016)

This means anyone holding BitConnect Coin in their wallet will receive interest on their staking balance in return for helping maintain security of the network.

You can terminate coin staking anytime and send all your coin with interest to exchange platform or web wallet.

Remember: You require to hold your BitConnect Coin minimum for 15 days to start earning Staking interest. You will see PoS minting Block in your wallet anytime after 15 days, the number of block you earn are based upon the number of coins you hold in wallet software

To stake BitConnect Coin you require having it through BitConnect (BCC) exchange. To buy BitConnect Coin from exchange.

1)What is Proof of Stake?

​Proof of Stake (POS) is the process in which block rewards are distributed to those helping to maintain the security of the network via proof of holding.

2)How to get started staking BitConnect coin?

To stake BitConnect Coin (BCC) you must have matured (Minimum Stake Age is 15 Days) BCC in your BitConnect-qt wallet.

3)Where can i download the BitConenct Qt wallet?

Windows / Mac OS X / Linux Wallets can be found at: https://bitconnectcoin.co/download.

4)Am I required to keep my desktop wallet connected 24/7?

Staking doesn’t work like mining, as such you are not required to keep your wallet open all the time during your ageing period.

5)How do I backup my BitConnect Wallet?

To backup your wallet make a copy of the wallet.bat file.

6)What if my staking coins are in multiple addresses in the same wallet?

Staking rewards for all your addresses work separately depending on time and amount you put in each of the address.

7)Why am I not receiving staking rewards for my coins even after 15 days?

Make sure your wallet is synchronized to the BitConnect network.

8)My Wallet transaction says “ Status- Conflicted” what does it mean?

The conflicted status of your interest block means that your interest block was rejected by another network node.

9)What if I do not open my staking wallet for many months?

No, you will receive interest for all the previous days, even if you do not open your staking wallet.

10)Is it necessary to have a passphrase or encryption for the wallet to stake coin?

No, wallet passphrase or encryption is for your own personal protection to secure your funds if someone else gets access to your wallet.

11)What if I forget the passphrase to my desktop wallet?

There is no way you can recover the passphrase.

12)What if my desktop wallet gets hacked and the hacker transfers all my funds from my desktop wallet?

We are not responsible for the funds in your desktop wallet.

13)How to solve synchronization issue on the desktop wallet?

If you already have desktop wallet installed and have BitConnect coin in it, you will require to take a backup of the wallet.dat file

14)What is coin control? How do I enable coin control?

Coins in a wallet can be in variable stacks known as inputs each of which generate weight based on when they became mature (15 days).

15)How much interest can I receive staking? When will I receive my minted block reward?

BitConnect Coin adopts a variable Proof of stake, changing every 6 months.

16)My wallet shows message “Not staking”?

Before your coins begin staking they must be held for about 15 days or longer in the QT wallet.

17)There was a message “Staking is active” in my wallet yesterday

Every time you receive staking reward coins, the 15 days coin age resets.

18)How to find bitconnect folder of your wallet?