Delegate your Avalanche (AVAX)

Expected reward rate

Fees

Payment frequency

7% - 12%

2%

When releasing the stacked amount

Expected reward rate

7% — 12%

Fees

2%

Payment frequency

When releasing the stacked amount

Validator address

NodeID-BkPK1txvU8ggnwFAfqg4RYL7zRk6zx3FP

About Avalanche

Avalanche (AVAX) is a blockchain platform designed by Emin Gün Sirer and developed by Ava Labs. Its speed, scalability and compatibility with Ethereum make it an ideal candidate for the development of smart-contracts and decentralised applications.

For more information on the Avalanche protocol

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How to delegate to SmartNode and receive your Avalanche Rewards (AVAX)

Option 1

Delegate your wallet

Directly from your wallet / Ledger, you just need to delegate your rights to the address indicated

NodeID-BkPK1txvU8ggnwFAfqg4RYL7zRk6zx3FP

Option 2

Easywallet is a point-of-sale and online crypto payment solution. You’ll soon be able to delegate your cryptocurrencies directly in the app!

Option 3

Zebitex is a French exchange that allows you to delegate your tokens directly on its platform

Avalanche FAQ

Avalanche (AVAX) is a blockchain platform imagined by Emin Gün Sirer and developed by Ava Labs. Its speed, scalability and compatibility with Ethereum makes it an ideal candidate for the development of smart-contracts and decentralised applications.

In an interoperable and highly scalable ecosystem, Avalanche is the first smart-contract platform that handles 4500 transactions.

A key difference between Avalanche and other decentralised networks is the consensus protocol. The Avalanche protocol uses a new approach to consensus to achieve sufficient security guarantees, fast finality and high throughput, without compromising decentralisation.

See: https://www.avalabs.org/roadmap

The associated cryptocurrency is called AVAX and is represented by the acronym AVAX.

Staking is the activity of participating in securing a Proof of Stake (PoS) blockchain in exchange for rewards in the form of crypto-currencies. With Avalanche, validators receive rewards as long as they put their tokens (AVAX) from the network into play. This mechanism also helps secure the network.

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In the Avalanche ecosystem, “miners” are called “validators”, responsible for verifying transactions on the Avalanche blockchain. Once transactions are verified, they are added to the ledger. 

When a validator determines whether a transaction should be accepted or rejected, a random subset of validators is asked whether the transaction should be accepted or rejected. If the queried validator has any doubt, the transaction should be rejected. Otherwise, it is accepted.

Yes! You can try to deploy a stake pool yourself or simply delegate rights to us. Note that to run your own stake pool, you need to be comfortable with the technology and be prepared to spend significant sums on equipment and maintenance, as well as commit to official operation.

Don’t forget that you need to keep an eye on the infrastructure 24/7.

You are not giving up ownership of your AVAX by delegating them, you are delegating your “Stake” rights. As a validator, SmartNode will never have the ability to touch your funds.

We charge 2% on the rewards received by our delegators. For example, if a delegator receives 100 AVAX as a reward, SmartNode will receive 2 AVAX while the delegate will receive 98 AVAX.  

Note that a validator only receives a validation reward if they are sufficiently responsive and correct during the time they validate. This we assure you and we offer one of the lowest fees for proven validators.

The delegator receives an award when the period of their delegation comes to an end. Delegators are rewarded in the same way as validators by the protocol itself. 

During a delegation, delegated tokens and transaction fees are deducted from the delegator’s portfolio. At the end of the delegation time, the delegated tokens and rewards are returned to the address specified at the time of delegation.

After the delegation time, which is less than or equal to the validation time of the Smart-Node.

There is no frequency, unless the delegator re-delegates, and the process resumes until the end of his/her delegation period again.

Note that once you issue the transaction to begin delegation, there is no way to change the settings (the bet amount, node ID or reward address) or to go back. You cannot withdraw your chips early.

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For all tax and accounting questions, do not hesitate to contact a specialist accountant such as Fabrice Heuvrard ([email protected]) or the services of https://waltio.co/.

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