New COCO tokens are only created/minted as staking rewards. It is estimated that it will take about 10 years+ for all coco to be minted/created/supplied.
Minimum coinage: 3 days (72 hours)
Maximum coinage: 90 days
Coin age: (No. of Tokens X No. of days held)
◆ Minimum coinage simply means that you will need to at least hold the coco for 72 hours (3 days) in order to qualify for staking.
◆ The maximum you can ‘hodl’ without claiming your rewards is 90 days. You are required to claim your rewards before the 90 days passes, otherwise it starts over at the current staking rate
◆ Your coinage restarts whenever you transfer your coco (excluding transfers made to yourself when claiming staking rewards).
Greg got 100 COCO and transfer his COCO to MyEtherWallet address. After 72 hours, his COCO will start staking and he will be able to see his expected rewards on the Calculator. Greg can claim his staking rewards whenever he wants or simply accumulate the staking rewards for up to 90 days, as long as he doesn’t transfer his coco to other addresses. Latest staking rates apply when Greg claims his rewards (one of the reasons why Greg always monitors the changing staking rates to take advantage of it).
Before we continue to guide on how to stake/mint. Below is the guide to create wallet on MyEtherWallet
Step 1: Wallet Creation:
◆ Go to MyEtherWallet
◆ Create account there by typing your password and click "Create New Account"
◆ Next, Save your Keystore File (UTC / JSON) and click "I Understand. Continue"
◆ Next, Is to Save Your Private Key. or you can print it and click "Save your address" to continue
◆ Next, Access your wallet by using your "Private Key" or your "Keystore / JSON File"
Step 2: Adding COCO into MyEtherWallet
Staking method is simple, just follow the steps below:
◆ Hold Cookie Coin (COCO) in your MyEtherWallet for minimum 3 days (minimum CoinAge)
◆ After mimimum 3 days, your coco will be qualified to receive staking rewards.
◆ Send any amount of Cookie Coin (COCO) to yourself (From & to the same address which is ‘hodl
◆ That mean you will sending out your own coco to the same public address you have now
◆ Claim your staking rewards every 3 days starting from your last claim. You can claim in between
◆ How to claim?: Simply, Withdraw it (staking rewards) or resend it to your own MyEtherWallet.
In this Guide we will use ERC20 compatible wallets: MyEtherWallet to interact with COCO Contract
◆ Go to MyEtherWallet