Hold any amount of XECX in a wallet you control. Each XECX represents 1 staked XEC.
Every 24 hrs, your XECX wallet will receive a share of eCash staking rewards proportional to your XECX holdings. The minimum XECX balance for reward eligibility is typically less than $1.
Rewards are paid in XEC, which is tradeable on major exchanges for any other crypto. Roll into more XECX for compounding returns. Or cash out. Or hold. Or spend. It's your money.
To purchase XECX, simply go to the XECX token page. Select the amount you want, and press buy.
Converting XECX back to XEC is just as easy. On the Cashtab page, enter the amount you want to redeem and press "Redeem XECX for XEC." The order will automatically and instantly be bought.
XECX is a protocol powered by a token on eCash (XEC). The supply of XECX exactly tracks the avalanche stake of an active staking node. The staking revenue earned by this node is paid out to holders of XECX every 24 hours, at midnight UTC.
XECX yield comes from staking rewards (protocol revenue) of an avalanche node on the eCash blockchain.
XECX operations are sustained by a 10% service fee.
The smallest XEC payment possible is 546 satoshis, aka dust. XECX addresses whose share of the daily staking revenue is less than dust will not receive a payout tx. Typically users must hold 30,000 to 50,000 XECX to earn a payout, or about $1.
XECX holders receive a payment in XEC at the address holding XECX.
Once you buy XECX, you can do anything you want with it. You can list it for any amount on Agora. If you have XECX listed for sale, you will still be rewarded for this balance at the address that created the Agora listing.
Any amount of XECX is redeemable 1:1 for XEC.
No. DO NOT send XECX to an exchange address. Exchanges do not support tokens on eCash and any XECX sent to an exchange (e.g., Binance or Indodax) will likely be lost. XECX should be kept in a wallet you control, like Cashtab.
XECX protocol pays cash rewards every day that are instantly liquid. You could choose to buy more XECX for an increased share of protocol revenue, or stack XEC, or sell it every day.
It's important to choose a wallet that supports tokens. XECX recommends Cashtab. If you hold your XECX in Cashtab, it is always eligible for rewards. Holders with XECX at p2sh addresses (multisig) are not eligible for rewards. Only p2pkh addresses ("normal" eCash addresses) and creators of listed Agora offers are eligible for rewards. Note: p2sh addresses begin with "ecash:q", while p2pkh addresses begin with "ecash:p".
Rewards are distributed automatically every 24 hours at UTC midnight. The amount of the reward varies daily, depending on how many new staking reward UTXOs hit the spendable threshold of 100 confirmations in that reward period.
Convert your XECX back to XEC by selling it on Cashtab Agora at any time. 1:1 XECX redemptions are automated. If your redemption is not picked up instantly, it will be picked up within 24 hours.
As long as you keep your wallet secure, your funds and rewards remain safe. Always use trusted wallets and follow best practices for crypto security. XECX is a non-custodial token that you hold at your wallet. The user is free to do whatever with tokens, including lose or burn them, though this is not encouraged.
The supply of XECX tracks a proven public quantity of XEC behind an avalanche node. The hot wallet spends all staking rewards received every day, so a successful hack would only net one day of revenue.
No. A rug would run counter to the protocol incentives. A rug would also hurt the value of XEC, in which the entire working capital of XECX is denominated.
Lido stETH and SOL products offer similar protocols. However, XECX is the only product to pay daily rewards in the native cash asset of the chain. While some staked ETH and SOL products could feasibly be cashed out on a daily basis, tx fees and token conversions make the instant liquidity of XECX rewards impractical on other blockchains.
You can stake XEC directly yourself by following the instructions here. Or check out ecashstaking.com for hassle-free rewards without a token.
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