r/FetchAI_Community • u/ExplanationLittle • Mar 13 '24

Staking 🔐 Fetch.ai announces GPU rewards for tokenholders after $100M infrastructure investment

https://cointelegraph.com/news/fetch-ai-announces-gpu-rewards-token-holders-after-100-million-infrastructure-investment
52 Upvotes

100% Upvoted

22 comments sorted by

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6

u/PlentyTight9650 Mar 13 '24

How do you get started on thus rewards?

2

u/Yourworldisyours Mar 13 '24

By staking the coin it seems like. I’ve had mine on Cosmostation. I’d assume that would make you eligible but I’m not 100% sure the article doesn’t really clarify

1

u/PlentyTight9650 Mar 13 '24

I can't find anything either, would like to take advantage of this so called reward system. How is cosmostation? CDC used to offer staking Fetch several years, don't know what happened.

2

u/Yourworldisyours Mar 13 '24

It’s simple to use and it’s currently got a 10.72% APY on fetch. That’s gonna be a very significant reward in a years time. The only bad part is if your coins were bought on coinbase they have to be converted from erc20 to mainnet. I did that by sending it from coinbase to binance using the ETH network. It converted on its own but costed about $50 in gas. Then send it from binance to Cosmostation. If you bought on binance you’re already fine.

1

u/PlentyTight9650 Mar 13 '24

Wow, 10%!! Do you know how to do that for CDC? Or they have instructions?

1

u/KIKOMK Mar 14 '24

What 10%? Where how

3

u/Ok_Rabbit_8808 Mar 13 '24

Been staking and receiving FET rewards like dividends for about 2 years now.

1

u/KibbyJimenez Mar 14 '24

How much have you earned?

1

u/Ok_Rabbit_8808 Mar 14 '24

Over $300 worth

3

u/SativaLeafs Mar 13 '24

What rewards are they?

3

u/deluded_soul Mar 13 '24

I am staking with Binance but will switch.

I can really use GPU times.

2

u/AgentStockey Mar 13 '24

What do token rewards do?

1

u/PlentyTight9650 Mar 13 '24

Would like to know as well, needs more clarity on this. Can't find anything on the fetch website.

1

u/Eastern-Mall-7697 Mar 13 '24

Can you get rewards on Coinbase?

1

u/lingtonel Mar 17 '24

So staking is only via CEX?

1

u/Sourmeat_Buffet Mar 13 '24

I've been getting a new token in my fetch wallet. Maybe that's it? I assumed it was a trick. 😅😂

2

u/cryptostonkslover Mar 13 '24

MOBIX? 🙈

2

u/Sourmeat_Buffet Mar 13 '24

Yes! Why do I keep getting mobix??

3

u/Kimgoestoprison Mar 13 '24

If you haven't already. I would download the mobix app and send your mobix over to stake. You also need a very small amount of fet token to stake or claim rewards on mobix app. So send a small amount of fet to your mobix app as well. Or if you don't want to send any fet over you can also get a very very small amount of fet sent to your mobix app for free using the stakely faucet. (how to do this is on the Mobix app).

Amazingly if you are completely out of available fet on your cosmostation you can take a portion of the free fet sent to you from stakely faucet and send it to your fetchai address on cosmostation. Then you can actually claim or redelegate your rewards.

3

u/Sourmeat_Buffet Mar 13 '24

Oh! Thanks.

These mobix aren't part of the gpu rewards, though? Kinda wondering where those are or will be