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You are paid every second week on Saturday. Payments occur between 10AM—5PM UTC.
our/biz/node pays out 99% of all token rewards for all individual leasers with total lease amount higher than 5000 LTO. We take a sub average fee of 1% to cover transaction costs.
The minimum lease amount for an individual leaser is 5000 LTO. In case the total amount of all your leases is less than 5000 LTO, please either increase the amount or cancel your leases.
Go to the LTO wallet and create an account.
Once created, transfer your LTO tokens from your exchange of choice to your LTO wallet address.
From here, go to the 'Leasing' tab and click 'Start lease'. Select 'Our /biz/ node' on the list when you are prompted.
In case you cannot find our/biz/node in the list of the community nodes in the wallet software, you
can enter our leasing node address under the 'custom' option in your wallet:
Your tokens always remain in your own wallet and you keep full control of your funds.
You can cancel a lease at any time.
The payout period is 14 days. During this time, rewards are accumulated on the node and are payed out to the leasers on the payout date. Unpaid rewards contribute to the total node stake and so are subject to compounding effects. Every individual leaser profits from this.
Yes. On the next payout date, you will be automatically paid the appropriate amount corresponding to the timespan when your lease was active.
Small stakes contribute little to the node rewards but cause high transactions costs during the payouts. Therefore, rewards for small stakes with less than 5000 LTO won't be payed out anymore from June 5th 2021 on. In case you are leasing less than 5000 LTO, please either increase the amount or cancel your lease.