Q: When will I get PIVX rewards?
- PIVX rewards are paid out every two days between 08:00 am – 10:00 am (UTC+8)
- If you deposit PIVX to the reward wallet before 08:00am (UTC+8), you will receive the reward two days after (T+2)
- If you deposit PIVX to the reward wallet after 08:00 am (UTC+8), the reward will be paid out three days after (T+3)
Q: How much PIVX rewards will I receive?
- PIVX reward amount = [lowest balance during the previous 48 hours] x [Daily reward rate]
* The daily reward rate will be dynamically adjusted according to node fluctuations
Frequently Asked Questions (FAQs)
Q: How does the PIVX masternode distribute rewards?
- The exact reward amount is affected by three factors and is subject to change on a weekly basis.
The three factors are:
- The number of masternodes in the PIVX network: The more masternodes, the fewer each masternode earns.
- The traffic of the PIVX network: the more traffic (more blocks mined in a certain period ), the more each masternode earns.
- Amount of PIVX you have in the reward wallet: Cobo has a tiered policy on the reward rate. It means that the more PIVX you deposit, the higher your reward rate. The tiers are approximately divided as follows:
- ≥ 8000 PIVX
- 6000 – 8000 PIVX
- 2000 – 6000 PIVX
- 2000 PIVX
Q: Is there a lock-up period?
Cobo does not have a lock-up period for PIVX. Users can transfer it out at any time.
- A minimum of 2 PIVX is required to participate.
- Any PIVX withdrawal will incur a fee of 1 PIVX (transferring PIVX from Rewards Wallet to Cloud Wallet).
Q: How to join the PIVX reward program?
If you are not yet a Cobo user, you can download the Cobo Wallet App from our website through this link. [Download Now]
If you already have the Cobo Wallet app, please refer to the following steps.
- Select ‘Cloud Wallet’ and go to the ‘Assets’ page.
- Tap on the plus sign at the top right of the page to add a coin.
- Add PIVX to your wallet. You will see a checkmark once it’s added.
- When you go back to the ‘Assets’ page, the PIVX wallet will show up.
- Tap into the PIVX wallet and you will see a purple box with ‘annual returns rate’.
- Tap on the purple box to access the PIVX reward wallet.
- Transfer PIVX to the reward wallet to start earning.