How to commit light node mining
Last updated
Last updated
To commit to light node mining, please follow the steps below:
Step 1
From the Home Screen, on the navigation bar, press to access the Light node Mining page.
Step 2
Select an asset you wish to commit: choose FRTS (default)
Step 3
Enter the amount (FRTS) you want to commit.
Automatically convert the reward percentage according to the following rule:
If the user commits:
From 1 FRTS to 10,000.00000000 FRTS --> APR: 0.5%
From 10,000.00000001 FRTS to 100,000.00000000 FRTS --> APR: 1%
From 100000.00000001 FRTS to 1,000,000.00000000 FRTS --> APR: 2%
From 1,000,000.00000001 FRTS to 10,000,000.00000000 FRTS --> APR: 3%
From 10,000,000.00000001 FRTS to 100,000,000.00000000 FRTS --> APR: 4%
From 100,000,000.00000001 FRTS to more than --> APR: 5%
Step 4
The system will check the inputted value.
The “Confirm” button will be enabled once your asset is validated (your assets must be sufficient to commit and transaction fee (if any))
On the Mining Donation screen, users can donate part of their rewards after their mining has been completed.
Step 5
Select donation plan (1)
Choose a donation amount: 30%, 40%, or 50%.
Or enter the specific value you want to donate.
Or no donation.
Step 6
Select a charity that you would like to donate to (2):
Anything Charity (FRUITS organization will select a project).
Or you can select the project you wish to donate to.
Step 7
The system will validate the inputted value.
The “Confirm” button will become enabled once validated (must select the
donate plan).
On the "Confirm Mining Plan" screen, check the displayed information:
Amount: Number of applied funds for light node
APR: daily payout percentage
Commitment Fee: default is 0 FRTS
Fee: Transaction Fee, default is 0 FRTS
Donation Amount: Your selected donation amount
Selected Charity: Charity you're donating to.
Step 8
Step 9
Tap OK to return to the "Light node Mining" screen.
Note:
If the user commits successfully, the amount of FRTS used to commit will be locked.
Users who have committed successfully will be rewarded once a day.
The payout time is around 21:00(SGT) every day.
Users need to commit at least 24 hours to receive rewards.
Before increasing or decreasing the commit, the user needs first to cancel the previous commit, then create a new commit --> The user performs the cancel mining function.
Press the “Confirm” button --> Display the “Mining Donation” screen.
Press the “Confirm” button --> Display the “Confirm Mining Plan” popup.
Press the “OK” button --> Commit light node mining successfully and show a success popup
If the user has committed and then makes a new commit, a warning is displayed: "Please cancel the current commit before starting a new commit."