Built on the V Systems chain, Titan is V Systems’ newest wallet. With Titan, VSYS holders can send, receive, and swap VSYS tokens and NFTs. Titan is available for browsers (Chrome, Firefox, Edge, and Brave extensions), Android, and iOS.
VSYS holders can also use Titan to stake their VSYS and passively earn annual percentage yield.
What is staking?
Staking is the process of leasing (or staking) the native token of a given blockchain to contribute to the security of the blockchain.
By doing so, you can earn an annual percentage yield, which can become a source of passive income depending on the number of coins you stake and where you stake.
Staking VSYS
All VSYS holders can secure the V Systems blockchain by staking and contributing to Supernodes. The coins you stake are never locked up, and you can cancel staking at any time.
But…what are Supernodes?
What are VSYS Supernodes?
V Systems is powered by a unique consensus mechanism called Supernode Proof of Stake (SPoS).
SPoS is a distributed consensus algorithm with optimized efficiency and high resistance to 51% attacks. SPoS is designed to allow for high scalability and transaction throughput. Supernodes contribute to keeping the V Systems blockchain highly efficient and providing a stable network.
Unlike conventional ‘Full Nodes’, ‘Supernodes’ act as minting pools in the VSYS minting economy by generating blocks to obtain rewards and benefit VSYS coin holders.
Supernodes are also given equal standing and mining output, which solves the threat of centralization seen in other coins. Since equal minting right gives supernodes equal standing and output, an equilibrium exists as a built-in force to equalize the ecosystem and thus solves the threat of centralization as seen in Bitcoin and other PoS ecosystems.
Why stake VSYS?
- Profitable passive income: Currently, up to 35% annual percentage yield
- Fast: It takes less than a minute with Titan Wallet
- Flexible: No lock-up period
- Highly secure: Retain control over your coins, even after leasing them
- Stable: Built-in mechanism to reduce inflation
- Steady growth: Consistent earnings due to the fixed inflation rate
- Fair: Block production happens in a fixed sequence to ensure fairness between communities
How to stake VSYS?
You can stake VSYS by leasing your VSYS coins to a Supernode of your choice (full list here). There are currently 15 active supernodes, with a top annual reward rate of 35% (rates may fluctuate).
The reward distribution is based on the Supernode schedules.
To stake to a Supernode, you need to:
- Download the Titan Wallet
- Create an account
- Start staking by clicking on “Minting” by choosing the amount of VSYS you want to stake and the Supernode you want to stake to
- You can receive VSYS to your Titan Wallet address or buy VSYS through several major exchanges, including Kucoin and OKX
How do you choose a Supernode?
You can choose the right Supernode for you by looking at the percentage yield it offers, fees, efficiency, capacity, interest distribution cycle, and rules.
You can find the list of all the active Supernodes here.
Will the reward rates fluctuate over time?
Reward rates may change according to the number of coins staked.
You can find the rewareds
Is there any risk to stake VSYS?
No. By leasing to Supernodes, you retain possession of your private keys. In case the Supernode you are staking to fails to maintain constant uptime, you will only lose a small percentage of the yield.
Interested in becoming a Supernode?
Supernodes configure servers, set commission fees, and determine how to reward their unique communities. If you’re technically skilled and think that you can raise the needed support from the V Systems community, please set up a Full Node and Complete the Supernode application now!
Useful Links
- Hardware Requirements for Supernodes can be found on our Wiki
- More information on Supernodes
- Apply to become a Supernode here
- More on leasing VSYS
About V Systems
V Systems (VSYS) is an open-source network that supports decentralized applications’ efficient and agile development. It is designed for real-world use cases, making it possible to create, send, trade, and track tangible or intangible assets in a digital form. VSYS can handle millions of transactions daily and it runs on a decentralized, open network.
Stay Connected
- Twitter: https://twitter.com/VSYSCoin
- Telegram: https://t.me/VSYSOfficialGroup
- Medium: https://medium.com/vsystems
- YouTube: https://www.youtube.com/channel/UC3tnJX2dztNKh2yJxFVSDAw
- Reddit: https://www.reddit.com/r/V_SYSTEMS/
- Github: https://github.com/virtualeconomy/v-systems
VSYS coin
- Coinmarketcap: https://coinmarketcap.com/currencies/v-systems/
- Coingecko: https://www.coingecko.com/en/coins/v-systems
Other Useful Links
- VSYS Official Website: https://www.v.systems
- Supernode Ranklist: https://vsysrate.com/
- VSYS Blockchain Explorer: https://explorer.v.systems/
