Guide to participate in the Staking & Mining Program
Last updated
Last updated
FOR GPU OWNERS
(Users need to meet the three requirements, check docs )
Step 1: Register for an account Go to https://provider.inferix.io/ to create your account (please wait until your account gets approved, you will receive an email!)
Step 2: Purchase tIFX tokens How? Contact the Inferix team on our official discord channel to buy tIFX tokens for staking and mining. The price for testnet1 is 1 tIFX = 0.05 USDT
Step 3: Connect your GPUs Follow our docs or watch the instructional video to add your GPUs to the network and stake tIFX for rewards
If you have GPUs but not enough funds to participate in the staking program, users can form groups to collectively purchase a staking package for a single node; On this scenario, The mining profits are split evenly at a 50%-50% ratio based on the additional funds raised.
If you don’t have GPUs but still want to participate in the staking program, you can invest in purchasing tIFX and stake a GPU from a GPU owner without funds to participate. Inferix will help with the connection between these two groups; and the mining profits are split evenly at a 50%-50% ratio based on the additional funds raised.
For those who purchased an Inferix Verifier node in September, there will be an airdrop of tIFX tokens:
Each node is airdropped 15,060 tIFX, valued at 753 USDT at the time of Testnet1.
After one year, this amount of tIFX can be converted into IFX on the mainnet, provided that the node has participated in running for at least three months and has joined Inferix's Testnet program.
Buyers who purchase additional tIFX to stake and run nodes with higher-end GPUs will have these additional tIFX subject to unlocking and vesting rights according to the Testnet staking program, as outlined in the Staking Token Unlocking Rules and Mining Revenue Unlocking Rules sections.