VEROX
  • Welcome
  • Intro
    • What is Verox?
    • The Verox Mission
    • Verox Roadmap
    • Where to buy Verox
  • VeroxAI App
    • What is the VeroxAI App
    • VeroxAI Coin Analyzer
  • Verox DEX
    • Verox DEX
  • VRX Token
    • Verox Token
  • Verox Staking
    • What is VRX Staking
    • How to stake VRX
  • Team & Partnerships
    • Verox Team
    • Verox Partners
  • Verox NFT
    • Verox NFT
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  • What is Staking?
  • The importance of 3rd party audits
  • Fees and Locks

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  1. Verox Staking

What is VRX Staking

PreviousVerox TokenNextHow to stake VRX

Last updated 3 years ago

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The Verox staking contract is 0x744612Bd6c29301A99eF2b19393eB95080926003

View the staking contract on

What is Staking?

Staking refers to placing your cryptocurrency into a smart contract that helps secure the network and validate transactions. Users who participate in staking receive rewards, usually in the form of interest based on the amount staked.

Verox has setup a dedicated staking dapp at , with a current reward of 18% APY. To put things into perspective, according to the average APY for savings accounts in the USA is 0.06%.

A dapp is a decentralized application that runs on the Ethereum blockchain

The importance of 3rd party audits

Verox is all about transparency, and pushing forward with fusing the worlds of cryptocurrency and artificial intelligence. This is why we went ahead and got the source code of our staking smart contracts audited by Solidity Finance, the leading smart contract auditor. The results of the audit can be found .

Staking is done via smart-contract. This means everything is in the code, and there is no possibility for error, since everything is done on the blockchain. The codes does exactly what it was programmed to do. This is why it is so important to have a reputable 3rd party audit the source code.

Fees and Locks

When you decide to stake your VRX, you are supporting the VRX network and making it stronger. Fee's collected during staking are used by the Verox team to advance the AI/ML technology.

  • 0.25% fee when depositing into the staking contact

  • 0.25% fee when withdrawing from the staking contract

  • After depositing into the staking contract, there is a 10-day period before funds can be withdrawn

Etherscan
stakevrx.com
NerdWallet
here