WillowCoin(WLLO) cryptocurrency is designed to provide generous return to its users for securing the blockchain and validating new blocks using proof of stake consensus mechanism.
We believe in a sustainable green and clean environment, therefore willow is a full proof of stake blockchain. Mining equipment that are often expensive and consume lot of electricity are not required to secure the WillowCoin network.
Willow Coin's PoS Algorithm allows you to Mint new coins for holding coins in your wallet, allowing you to be rewarded for being part of the Willow blockchain. Willow has a amazing PoS APR of 750% which is an idea investment for recieving good rewards.
Staking WillowCoins in your personal wallet is the best way to produce passive income in a unpredictable market despite of the market fluctuations. Willow produces approx 2% Daily stakes which can be sold daily or left to compound in your wallets.
Your coins itself are an interest producing asset, coins left untouched in the official wallet automatically start taking part in validation of the blocks on the network and start receiving reward for their contribution to the network.
Our coins uses the latest technology and a robust code base which ensures a secure network by eliminating most kind of advanced network attacks without making a compromise to the features and functionalities of our cryptocurrency.
Every wallet participating in the network receives an annual reward of 750%. This is a great opportunity to build a stream of passive income and stay profitable despite of all the market fluctuations.
Staking is an automatic function of willowcoin blockchain, after downloading an official wallet client for your operating system let it fully sync, then create a new wallet address and deposit your coins to that address. After 12 hours your coins will automatically start producing stakes. Your coins may stake few or many times a day depending on various factors such as network weight, wallet weight and coin age but your total sum of the stakes will always be equal to 750% a year or 2.05% a day on average. There is no minimum number of coins required for staking however as network weight increases with time, more coins would be required to produce stakes daily. your wallet must be open and connected to the internet at all times to stake efficiently.
WillowCoin can be staked on a VPS & also on Oracle Cloud free tier
Our project is constantly evolving. We want to share main steps of development with you.
Download the appropriate wallet client for your operating system to securely store and stake your coins. Currently Windows wallet QT client is available for download, other wallets are under development and will be released very soon.
Staking is the process in which your coins take part in validating blocks on the network and receive reward in the form of new coins also known as stakes.
New coins mature in 12 hours and become eligible for staking.
New coins become spendable after 60 block confirmations.
Encrypting your wallet adds an extra layer of security to your wallet and is a recommended step. Encrypt your wallet by going to the settings option in your wallet.
Head over to File -> Backup wallet option in your wallet menu, enter file name for the backup file, choose the folder location and save the file somewhere safe. Remember that when you encrypt your wallet or change passphrase, previous backups of your wallet.dat file becomes un-usable and you will need to take backup of your wallet again.
This happens because of change in POS difficulty of the network which keeps on fluctuating depending on number of wallets staking on the network and the network weight.
Bottom left corner of your wallet has a staking icon, hover your mouse pointer over the icon and it will show if your coins are staking or not along with some other statistics. If the icon is grey and indicating that you are not staking it means that either you do not have mature coins or your wallet is not unlocked for staking.
Please join our community on Discord or Telegram, our friendly community of investors/traders and users of willowcoin would be pleased to offer assistance or clear any doubts.
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