Maximizing Returns On Your $IOTX

Maximizing Returns On Your $IOTX

The IoTeX Network has been growing rapidly in users, devices, and Dapps – but also in ways for stakeholders to earn! With the recent launch of mimo DEX, Burn-Drop, and Token Minter, there are now more ways than ever for the IoTeX community to earn amazing returns on their IOTX and XRC20 tokens.

As crypto-assets like IOTX, VITA, METX, LABT (coming soon!) and NFTs make their way into the IoTeX community’s wallets, we are happy to share this guide that highlights must-know ways to maximize returns on your IoTeX holdings.

1) Staking & Voting

A core component of IoTeX’s decentralized governance is staking, where token-holders deposit (“stake”) IOTX to vote for Delegates and network proposals. This helps to secure the network and earns stakeholders great returns in IOTX. When staking, there are several parameters that you can choose which can impact your overall returns, which we explain below.

  • Stake & Vote: staking IOTX generates votes (1 IOTX = 1 vote), which lets you vote for one or more Delegates, who contribute differently to IoTeX and pay different amounts of rewards. For more information, see the IoTeX Voter Handbook.
  • Stake Duration: earn bonus votes/rewards by locking your stake for a predefined amount of time (between 1-1050 days). Setting a longer duration earns you more bonus votes/rewards, which are retained until your stake duration expires. The maximum 1050 day duration generates ~40% bonus votes, which adds ~3% APR to the your 8% APR.
  • Auto-Stake: with auto-stake on, you receive bonus votes equivalent to 2x your stake duration (i.e., 14 days w/ auto-stake ON will get the same bonus votes as 28 days + auto-stake OFF). Your bonus votes are retained and your stake duration is “paused” until you turn off auto-stake. Auto-stake is more of a convenience tool, but can also add ~1% APR to your returns.
  • Compound Interest Bucket: a setting you can turn on to automatically re-stake your staking rewards for maximum compound interest. You will be surprised how much this adds to your returns!
  • Delegate XRC20 Tokens: some Delegates are now creating their own XRC20 tokens and distributing to their voters! Stay tuned for LABT (IoTeX Lab token).

Note: it is not mandatory to set a stake duration or turn on auto-stake – choose the settings that work best for you! We encourage you to vote for Delegates that contribute meaningfully to the IoTeX Network.

2) Burn-Drop

Burn-Drop is a tokenomics program where 1 Billion IOTX will be burned + dropped to eligible stakeholders to incentivize the first 1 million IoTeX devices. By setting a stake duration of ≥91 days + auto-stake ON you are eligible for Burn-Drop rewards, which are added automatically to your staking buckets every time a new device is registered. As of 10/2020, Burn-Drop offers ~9% ROI in addition to the ~12% APR you can get from staking.

Note: Burn-Drop rewards are distributed based on # of devices, not blocks/time. As such, returns are listed in return on investment (ROI) over the course of the Burn-Drop program.

3) Liquidity Mining on mimo

A new earning opportunity has arrived with mimo, which is a DEX that supports IOTX, VITA & other XRC20 tokens, and various bridged assets from Ethereum (WBTC, ETH, UNI, PAXG, BUSD). By providing liquidity to a pool (i.e., depositing a pair of tokens), you can earn 25%+ APR with some pools! The more the price of the assets in the pool change, the higher the APR of the pool will be, as more buying/selling against the pool will occur to coincide with the price volatility. For more information on mimo liquidity pools, see mimo analytics.

Claim VITA

Vitality (VITA) is the first IoTeX Network token that rewards and promotes active community. All IoTeX stakeholders are allocated a daily share of VITA which they can claim with a few clicks via ioPay. New VITA can be claimed every day via IoTeX Wallets! In addition to claiming VITA for free, you can also bid for VITA from the daily VITA bidding pool and trade VITA for IOTX and other XRC20 assets on mimo. For more information on VITA, please see VITA FAQs and the recent VITA Update.

NFTs

There is a growing number of non-fungible tokens (NFTs) on IoTeX, which you can earn for completing specific actions/tasks. For example, if you pre-ordered a Ucam you earned a “Ucam Pioneer” NFT and if you joined the Privacy Matters campaign you earned a “Privacy Matters” NFT. By holding IoTeX NFTs, you will be eligible for special token drops and network perks in the future. Don’t forget to collect your NFTs!


IoTeX Lab

We hope you enjoyed this content – stay tuned for more from IoTeX Lab including the LABT token! Support IoTeX Lab Delegate with your votes and learn more about us at iotexlab.io. :v:t4:

16 Likes

before they were in the voting, then I transferred them to the exchange, that’s where they stayed. tg myloginregionora

3 Likes

Stake #IoTeX nd hold for a long time .
You will get rich
Coin with a very active team nd have great strategy for a better future :heart_eyes::heart_eyes::heart_eyes:
@Daredevil8871

4 Likes

This is great eye opener to several ways one can earn much on IoTeX Networks. IoTeX has great and high return investment portfolio

Telegram ID- @SangosanyaM

6 Likes

I’ve already seen the benefits great app to use maximum returns a bonus :star_struck:
@Pinz

4 Likes

Welcome to this great community :clap:

1 Like

I like the compound interest bucket feature, have tried it out already. Really love the idea! Burn-drop works well for me as well, a great way to earn extra rewards on my staked $IOTX, no other network will offer me that. :+1: team IoTeX
@O_Rosy

4 Likes

IoTeX - this is not just a project, this is life, our future cool life!
@SaleAccSF

3 Likes

My IOTX are in Staking, VITA in liquidity pool on mimo.
This is cool opportunity not just to earn money, nut support IoTeX and network!

@Artanovskaya

4 Likes

IoTeX is made of complete ecosystem, where good investors can avail themselves of these various opportunities to earn. One will never regret of doing so for the good management team, the real products offer by IoTeX

Telegram Id:@tadex01

3 Likes

It’s really cool to have lots of ways to earn in iotex network, staking and voting works for me and so are others. @giftyA

3 Likes

Ofcourse staking firstly and distribute them to several buckets,in addition to Burn-drop , compound interest bucket , all these strategies brought me an acceptable return So far but i guess trading on mimo DEX Is the best and most profitable

TG username: @Polato

3 Likes

For me staking and voting is the smartest and coolest way to maximize return on my $IOTX.
Also Liquidity mining on mimo is another huge return maximizer :grin:

@JessiSam

3 Likes

Can’t really think of better ways at the moment on how best to maximize returns on my IOTX than the already existing ones. Staking and liquidity mining tops the list. Then the excitement/rewards that comes with burn-drop is just amazing. Things can’t get any better!
@Free_ibelieve

3 Likes

So impressed w/ my staking returns, not only that I get $IOTX divs, and can claim $VITA anytime I want, I’m also getting $METX. Can’t wait for some :money_mouth_face: drop for just being a #BurnDrop NFT holder :heart_eyes:.

Hodl $IOTX for long term is my goal😎, and so do you.

TG: @iZombie_x

#IoTeX #IoT

2 Likes

Compound Interest Bucket is one of the best way to maximizing returns in Iotex ecosystem; also liquidity pool is another great way. Go LABT!!!
@percymc

2 Likes