Frequently Asked Questions

How much does it cost to create a distribution pool for my coin?

It costs between $2-$5 (USD)/day in AlgoStake to run a plan on our app, and, of course, the supply of coins to be distributed to your holders. Email us for detail pricing on LP Pools as these have variable pricing

What does AlgoStake do?

We allow Algorand ASA coin owners and developers to set up distribution plans for their coin holders and investors. ASAs must supply sufficient coins to support payouts.

How does it work?

The process is simple: connect your wallet, go to “STAKING,” fill out the form, fund your account with AlgoStake [$STKE] and the coin you want to distribute, and click START

Do customers coins stay in their wallet?

Yes, but to check eligibility to earn rewards, we will reconfirm an investor’s wallet holdings at random intervals.

How do my customers get their rewards?

They connect their wallets and click claim, then choose the coin that they have in their wallet that has a distribution plan. once opted in they can come back to site to claim rewards earned.

How much AlgoStake and my ASA should I fund?

AlgoStake is easy as its $1(USD)/day so you can fund for 30 days or for any amount of time. Funding your token is a bit more complicated as it depends on your APY and how many people come to claim your ASA. Your balance will be shown to you so you know when you are getting low.

How do I buy AlgoStake?

Currently can be purchased at Tinyman HERE

What happens if I run out of funding?

Your pool will be deactivated and your coin holders will stop accruing rewards daily. Just come back to the site, fund your staking pool and activate again.

What if I decide to stop sending coins for my pool can I get my coins back from the escrow account?

Yes, just click the withdraw funds link and we send back any unused coins

Do customers accrue rewards if they have not opted in?

No, they must come to our site connect wallet and opt in to a coin they have in their wallet