Delegate ATOM to nodes to achieve rewards.
1. How to start delegation?
Huobi wallet provides a convenient delegation strategy. Input delegate amount, click “Confirm” button, input password to finish delegation. Delegated ATOM cannot be transferred, nor can be delegated to others.
2. Does delegation charge a fee?
The network safety of ATOM is maintained by nodes. User must pay miner fee to motivate nodes to maintain network. Huobi wallet will apply dynamic algorithm to help user reduce miner fee.
3. What is “Delegated”?
“Delegated” means the total number of ATOM delegated to current node. When you delegate ATOM to current node, it will increase the number of “Delegated”. You can redeem at any time to terminate delegation. After redemption initialed, the number of “Delegated” will reduce. Those ATOM will be transferred to available balance after 21 days.No reward for those ATOM in redemption.
4. What is “Uncollected Reward”?
“Uncollected Rewards” means uncollected part of rewards after delegating ATOM to current node. Uncollected rewards will accumulate in real time which is available at any time. Uncollected rewards will be collected automatically after redemption.
5. How to collect rewards?
Click “Collect Rewards” button to collect rewards in ATOM wallet. Collecting rewards will consume miner fee. The minimum available reward is 0.000001 ATOM for each collection. Huobi wallet will not charge any fee, as well as apply dynamic algorithm to help user reduce miner fee. It is strongly recommended that you collect the lump-sum reward to save the miner fees.
6.Where is delegated ATOM?
Delegated ATOM is still managed by private key and is not transferred to other account. The status of delegated ATOM will be transferred to delegated from available. Delegated ATOM is not allowed to transfer to other account. User can redeem the delegated ATOM at any time. Redemption will take 21 days to complete.No reward for those ATOM in redemption.
7.How to calculate the return rate of ATOM delegation?
The global inflation rate, which gradually decreases to 7% when more than 2/3 of the total Atom supply is bonded. If less than 2/3 is bonded, the global inflation rate will gradually adjust up to a maximum of 20%.
Currently the global inflation rate is around 7.5% and bonding percentage of total ATOM supply is around 56%. Huobi wallet will charge 1% of the delegation rewards as the operation fee of the node.If you delegate 100 ATOM, you will get 13 ATOM as rewards in 1 year later. (Calculation formula: total rewards = delegating number / bonding percentage of total ATOM supply * global inflation rate * 99%). As inflation rate increases, the actual total rewards will greater than calculated value.
8.Why do not receive rewards for delegated ATOM?
If delegation number is less than 1 ATOM or the delegation time is lower than 1 hour, you might not be able to see the reward. Since we apply accumulating way to calculate reward, user can check and collect rewards in Huobi wallet when accumulative reward is greater than 0.000001 ATOM.