• 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:

1. The number of masternodes in the ZEL network: The more masternodes, the fewer each masternode earns.
2. The traffic of the ZEL network: the more traffic (more blocks mined in a certain period), the more each masternode earns.
3. 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.

1. Select ‘Cloud Wallet’ and go to the ‘Assets’ page.
2. Tap on the plus sign at the top right of the page to add a coin.
3. Add ZEL to your wallet. You will see a checkmark once it’s added.
4. When you go back to the ‘Assets’ page, the ZEL wallet will show up.
5. Tap into the ZEL  wallet and you will see a purple box with ‘annual returns rate’.
6. Tap on the purple box to access the ZEL reward wallet.
7. Transfer ZEL to the reward wallet to start earning.