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FAQs, BTC/CORE Staking

What is Core?

Core is a Bitcoin Layer blockchain that combines Bitcoin's proof-of-work security with Ethereum-compatible smart contracts. It uses a hybrid consensus mechanism called Satoshi Plus, which blends Bitcoin mining hash power and delegated staking of CORE to secure the network. The native asset of the Core network is CORE, which can be staked alongside BTC to earn CORE rewards.

General FAQs

1. What is the minimum amount required to stake?

The minimum staking requirement is "0.001 BTC" or "1 CORE".

2. What rewards will I receive?

All staking rewards are paid in CORE, regardless of whether you stake BTC, CORE, or both.

3. How often are rewards distributed?

Rewards are available "daily at the end of every round (00:00 UTC)" and can be claimed directly from Hex Safe.

4. Who are Hex Trust's staking partners for Core?

Hex Trust partners with Figment and Kiln to provide institutional-grade staking services for Core.

5. Can I unstake at any time?

  • CORE: Unstaking is immediate.
  • BTC: There is no unstaking before the set staking duration expires. Once the duration ends, your BTC will become available.

6. What is Dual Staking on Core?

Dual Staking allows you to stake BTC and CORE together within the same strategy. BTC is locked for the chosen duration while CORE can be unstaked at any time.

7. Is there any systemic risk to the principal?

"Deploying digital assets through novel applications carries inherent risks that should be carefully assessed by the asset owner." The platform recommends reviewing Core documentation and conducting independent research before staking.

8. Will I need to sign any paperwork?

No, you simply need to read and accept the Staking Terms and Conditions on the platform.

9. Will monthly statements include staking details?

Yes, monthly statements will include details about staked balances and accrued rewards.

10. How can I find a complete staking guide?

For comprehensive instructions, refer to the complete staking guide.