The coin staking calculation at Indodax is based on the number of coins staked and the duration of the staking. Indodax has provided a staking calculator feature that can only be accessed from the Indodax website to simulate staking rewards. This calculator feature is designed to make it easier for users to calculate their potential profits before staking. Users can see this estimated return transparently so that they can make more informed investment decisions.
If you want to try staking a coin on Indodax, you can use the calculator feature. First, users need to select the available coins for staking and determine the amount they want to stake. After that, users must choose the desired staking period, for example 1 to 5 years in the future. But you don't need to worry, because you can un-stake the coin at any time. Indodax will then calculate the potential return based on the Annual Percentage Yield (APY) applicable to the coin. This APY takes into account compound interest, which means returns are accumulated and reinvested periodically. At the end of the staking period, users will receive the original coin amount plus the interest staking during the period.
Here are the steps to calculate your staking income from the website:
- Please login to your account through indodax.com
- Then choose “Staking”.
- In the “Calculate Your Staking Income” column, please choose the type of asset you want to know, then in the “Coin” column please put the nominal coin you want to know, then the Staking Indodax system will automatically calculate the estimated income from the coin staking you want to know. On the “Bar Chart” display you can choose to see the estimated income in the next 1 to 5 years.
If you want to see specific calculation results on 1 coin for example ETH coin:
- After successfully logging into the account, then select “Staking” then please select the available coins to be staked. For example, let's choose the coin “ETH”
- Please enter the coin nominal that you want to see the estimated staking results. Then the system will automatically bring up detailed information from the coin staking that you want to do starting from the estimated interest, bonding period and unbonding period.
Here are the steps to calculate your staking income from the application:
- Please log in to your account from the application, then select “Staking”.
- Then select one of the available coin types.
- Please enter the number of coins you want to stake, then automatically on “Summary” will appear detailed information from the coin staking transaction you want to know.