If you have been paying (close) attention to the Caishen developments lately, you will have noticed that Caishen’s mining phase ended as of today. This was announced from the start , so it shouldn’t come as a surprise to any.
In order to now start earning stake on your coins, you should have exchanged your Caishen to CAIx through the Coin-Swap exchange before. 1 Caishen translates to 1 CAIx, so there are no unusual exchange rates going on.
Once you have exchanges your Caishen to CAIx, and they are transferred to your wallet, you will start earning stake on your coins after at least 8 hours, as that is the minimum stake age. You will earn interest at the rate of 5% annually.
For the first few days, Proof-of-Stake is the only way to earn extra CAIx. But have no fear, as a CAIx multipool is currently in development. We should see this multipool go live in three to four days, but no official release date has been announced yet.
Since Caishen mining ended, we have seen a 2.5% value increase in CAIx already, which could be a coincidence, or it could be totally related. It will definitely be interesting to see what will happen to CAIx’s value over the coming days and weeks.
CAIx donations are welcome to : XfapZedGAvDSQ9eJdx2gJZ1CQY9XyM5A3Y