Staking/Rewards FAQ

1) How to Stake Neer?

a) Click on the Staking -> Staking bubble.

b) Wait for Staking Pool details to display on the right section of the page.

c) Click on the Stake NEER button.

d) Enter NEER amount to Stake.

e) Click on the Stake button.

f) Enter your wallet password on the Polkadot.js extension window.

g) Click to sign the transaction.

h) Wait for the transaction to be confirmed.

2) How to Unstake NEER?

a) Click on the Staking -> Staking bubble.

b) Click on the Unstake NEER button.

c) Enter NEER amount to Unstake.

d) Click on the Unstake button.

e) Enter your wallet password on the Polkadot.js extension window.

f) Click to sign the transaction.

g) Wait for the transaction to be confirmed.

3) What is the Total Pool?

Total Pool section displays

• Staking Rank is your staking position relative to other users that are staking NEER.

• Reward of Current Round is the amount of BIT that you will be rewarded in that current mining round.

• Total Claimable Reward is the amount of BIT that you are able to claim.

4) How to Claim Bit Rewards?

a) Click on the Claim All button in the central bubble in the Material Campaign bubble map.

b) Enter your wallet password on the Polkadot.js extension window.

c) Click on the Sign transaction button.

5) How does ranking work?

The amount of BIT that a user earns per round is proportional to the amount of NEER staked relative to others users. For example I have staked 797 NEER, and the entire community has staked a total of 47,314 NEER. I am ranked 14th in the staking pool, meaning that 14 other users have more NEER staked than myself.