What is it?

Delegation (bonding) is a transaction during which a user’s coins are bonded with a validator. It’s worth noting that the coins are not sent to the validator, but instead are kept on the user’s wallet in a locked state.

By delegating coins users can increase a validator’s stake, affecting its power within the network and receive rewards for block validation (block rewards + block transaction fees). The profit is distributed proportionally to every delegate’s stake, only taking the validator’s specified fee.

Delegation rewards

Since the first block, the reward for every block consisted of 333 BIP, but it’s decreasing down to 68 BIP (by then the entire BIP emission of 10B BIP has been reached). Rewards decrease by 1 BIP every 200k blocks. That means the base rewards will be distributing for 7 years from the launch of the mainnet on 15/05/2019.

Aside from block rewards, every transaction fee taken on Minter is shared between delegates and validators.

Rewards in the blockchain are distributed in BIP and are added to the balance every 720 blocks (~60 minutes) without any transactions.

How to delegate?

Using BIP Wallet

To delegate your coins select the Delegated Balance tab.

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Press the plus icon and select a validator.

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You can press the search button on the right and choose a validator from the list

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Or you can paste a public key in the field. Our public keys are:

BTC.Secure

Mp01cc99ae5a349ecaeef187dcbb12816bf2b3d8eae80f654034b21213aa445b2c

BTC.Secure 2.0

Mp03aae1d17c2e4ef6905adb44518be95aa0317cb7cbbe00236a36aab2e07c5b2c
By delegating, you agree to the Staking Services Agreement.

Next, select BTCSECURE in the coin list and specify the amount to delegate, press Continue afterwards and confirm the delegation.

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Using Minter Console
  • Go to the Delegation tab
  • Specify the public key of one of our validators If your stake is lower than 10 000 BIP (or an equivalent in another coin), it's better to pick BTC.Secure 2.0, it has lower requirements at the moment. If your stake is higher than 10 000 BIP, it's up to you whether you choose BTC.Secure or BTC.Secure 2.0, both masternodes function at the highest level.
  • BTC.Secure

    Mp01cc99ae5a349ecaeef187dcbb12816bf2b3d8eae80f654034b21213aa445b2c

    BTC.Secure 2.0

    Mp03aae1d17c2e4ef6905adb44518be95aa0317cb7cbbe00236a36aab2e07c5b2c
By delegating, you agree to the Staking Services Agreement.
  • Select the coin you're delegating — BTCSECURE
  • Specify an amount or press USE MAX
  • Press the Delegate button and confirm the action
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