- ZEL rewards are paid out everyday between 08:00 am – 10:00 am (UTC+8)
- If you deposit ZEL to the reward wallet before 08:00 am (UTC+8), you will receive the reward one day after (T+1)
- If you deposit ZEL to the reward wallet after 08:00 am (UTC+8), the reward will be paid out two days after (T+2)
- ZEL reward amount = [lowest balance during the previous 24 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 ZEL 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 ZEL network: The more masternodes, the fewer each masternode earns.
- The traffic of the ZEL network: the more traffic (more blocks mined in a certain period), the more each masternode earns.
- Amount of ZEL you have in the reward wallet: Cobo has a tiered policy on the reward rate. It means that the more ZEL you deposit, the higher your reward rate. The tiers are approximately divided as follows:
- ≥ 20,000 ZEL
- 15,000 – 20,000 ZEL
- 8,000 – 15,000 ZEL
- < 8,000 ZEL
Q: Is there a lock-up period?
- Cobo does not have a lock-up period for ZEL. Users can transfer it out at any time.
- A minimum of 30 ZEL is required to participate.
- Any ZEL withdrawal will incur a fee of 10 ZEL (transferring ZEL from Rewards Wallet to Cloud Wallet).
Q: How to join the ZEL reward program?
If you are not 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 ZEL to your wallet. You will see a checkmark once it’s added.
- When you go back to the ‘Assets’ page, the ZEL wallet will show up.
- Tap into the ZEL wallet and you will see a purple box with ‘annual returns rate’.
- Tap on the purple box to access the ZEL reward wallet.
- Transfer ZEL to the reward wallet to start earning.