How to Stake TRX on COINSBUY

Key Points About TRX Staking

Staking TRX allows you to lock funds to earn resources (energy and bandwidth) and rewards.

Key Benefits:

• Avoid TRC-20 fees: Use earned energy for free smart contract interactions.
• Daily replenishment: Resources refill automatically.
• Flexible amounts: Adjust stakes based on your transaction needs.

General Information

In the upper part of the TRX staking page, you can review the following conditions:

• Term: 14+ days
• Minimum amount of funds to stake: 1 TRX
• Commission from the reward: The commission amount that will be deducted from the reward amount. The withdrawable amount is calculated as follows: Amount to withdraw – (Amount to withdraw × Transaction fee/100%). 

In the bottom part of the TRX staking page, in the section "Resources overview," you can see how much TRX and energy are being staked. See the attached image for reference: 

The amount of available energy can be seen by clicking on the address link:

The total available energy is displayed in the address details:

Stacking Actions

• Withdraw Reward: Clicking this button opens the Withdraw Reward popup, where you can review withdrawal details, such as the target wallet, withdrawal amount, and transaction fee. Note that reward claiming is available only once in 24 hours. The button is inactive if the accumulated rewards are 0 or the reward was claimed less than 24 hours ago.
• Get votes: Clicking this button leads you to the Resources tab of the Wallet details, where you can stake TRX to get votes.
• Withdraw TRX: Navigate to Wallet Details → Resources. Once time has expired for unstaking, then the Unstaking amount moves to the “To be withdrawn“ table. If it collects from different unstakings then it has to be summed up.

How to Stake TRX

Step 1: Access Your TRX Wallet

• Navigate to the Wallet → Resources section of your account.

Step 2: Stake TRX

• Please select "Stake TRX." You have the option to stake for either Energy or Bandwidth.

Step 3: Confirm Staking

• Enter the amount of TRX you wish to stake and confirm the transaction.

How to Unstake

 Access Your TRX Wallet

• Please click "Unstake". Unstaked amount moves to a separate tab, “Unstaking”.
• Instructions: You may inadvertently unstake funds; however, you have the option to effortlessly cancel the unstaking process. Navigate to Wallets → Resources → Unstaking → Cancel Unstake.

How to Vote

Step 1: Proceed to vote

• Navigate to Wallet Details → Stacking and click on "Vote"

Step 2: Distribute your votes

• Choose how to distribute funds among representatives. We display only 27 super-representatives.

Understanding the Voting feature

1. Event Details:
   • Current Votes: Number of votes for SR.
   • Reward distribution: The proportion of rewards distributed to voters of all rewards gained by the SR.
   • Productivity: Percentage of successfully validated blocks
   • Expected APR: Expected annual percentage rate. APR is subject to change at any time, and the estimated earnings may be different from the actual earnings generated.
   • Votes: If you have previously voted, the number of votes will be displayed as you have cast them, and you will have the option to modify the number of votes. You may choose to use fewer votes than the total allotted.
2. What happens to the votes when unstaking?

   • Button “Unstake“ takes votes in a similar proportion from each SR. The rest of the votes have to be added to the available votes. For example:

     SR1 - 100	103 have to be unstaked then 103/4 (amount of SR) = 25 + 3 votes	SR1 - 100 - 25 = 75
     SR2 - 75		SR2 - 75 - 25 = 50
     SR3 - 50		SR3 - 50 - 25 = 25
     SR4 - 30		SR4 - 30 - 25 = 5

     3 votes go to Available votes.

   • Reward distribution: The proportion of rewards distributed to voters of all rewards gained by the SR.

Understanding the Rewards

• When to withdraw: The reward is eligible for withdrawal once per day; if a withdrawal has occurred within the last 24 hours, the action is unavailable.
• Condition: The reward for a round is granted only upon the conclusion of that round.
• The sum: The reward must be withdrawn in its entirety; partial withdrawals are not permissible.
• Destination wallet: The reward is withdrawn to the wallet from which the funds were initially frozen.
• Distribution: The proportion of rewards distributed to voters relative to the total rewards earned by a Super Representative (SR).

Additional Information

• Staking is available for the owner only; other users do not see the Staking tab.
• Once staked, the funds are locked for a minimum period and can’t be used for other transactions.