How do I stake?
- Download and Install your Pera Wallet. https://perawallet.app/
- Fund your account with $ALGO using the ‘Fund’ button.
- Go to our page. universalnode.io and click on our Staking Dashboard.
- Connect with your Pera Wallet account.
- Click Stake!
Who can stake?
The minimum stake requirement is 1,000 $ALGO to participate in our Validator90 Pool. (Staking less than the minimum although it does contribute to the security of the network it doesn’t make the user eligible for rewards)
How often are rewards distributed?
Simple answer, Daily. (Every 30,000 blocks, with blocks produced every 3 seconds)
What is Algorand?
Algorand is an energy-efficient, quantum-secure, public, smart contract, single-layer blockchain with instant finality, consistently high throughput, zero downtime, and low fees. In Algorand’s blockchain design stakers help secure the network, and in return the network distributes proportionally transaction fees to stakers.
What is Reti?
The Réti Pooling protocol facilitates the creation of decentralized staking pools on the Algorand network, enabling groups of individuals to participate in consensus together. Users are able to trustlessly stake $ALGO to a Validator Pool and earn $ALGO staking rewards (transaction fees) distributed proportionally from the total rewards the Validator Pool receives. The protocol is executed via non-custodial smart contracts, you are always in full control of your funds.
https://txnlab.gitbook.io/reti-open-pooling/introduction/readme
What is ORA?
Orange (ticker: ORA) is a “mineable” Algorand Standard Asset fully managed by an open-source immutable smart contract. It operates similarly to Bitcoin (ticker: BTC), where multiple parties can compete to earn a coin in a decentralized trustless manner. In addition to the $ALGO rewards our Validator90 pool distributes $ORA rewards.
What is the Universal Node’s commission?
The commission amounts to 4.20% of the pool rewards and is executed daily by the Reti smart contract responsible for distributing those rewards. These funds are, in turn, utilized for the operation, management and continuous 24/7/365 maintenance of the transaction validator node infrastructure (hardware and software) that helps sustain the Algorand network, as well as for the development and addition of enhanced benefits for participants in our validator pool. The commission percentage (4.20%) is immutable within the smart contract and cannot be modified by anyone in the future.