Dash Stake Setup - Revision history

Togoshigekata at 00:33, 29 September 2020

2020-09-29T00:33:02Z

Togoshigekata at 00:30, 29 September 2020

2020-09-29T00:30:10Z

Togoshigekata: added parameters to dashstakequote command

2020-09-26T06:45:37Z

added parameters to dashstakequote command

Togoshigekata at 05:51, 26 September 2020

2020-09-26T05:51:25Z

Togoshigekata: first draft

2020-09-26T05:39:28Z

first draft

New page

Do you want to earn interest for holding your cryptocurrency?

With BiblePay you can! By holding DASH and BBP coins

Example:
Holding $1,000 of DASH and $1,000 of BBP,
earns $40 of BBP a month! [Date: 9/20/2020]

Stakes last 6 months, and interest is paid out each month 
If any of the coins are moved, the stake ends 

'''Original Guide:''' 
https://wiki.biblepay.org/Dash_Stake

----

== DASH ==

=== 1. Download Wallet ===
https://www.dash.org/downloads/

=== 2. Open & Encrypt Wallet ===
Open Wallet >>> Click Settings >>> Encrypt Wallet 
NOTE: DO NOT FORGET YOUR PASSWORD, 
IF YOU LOSE IT, YOU WILL LOSE ACCESS TO YOUR COINS, COPY IT 

=== 3. Buy Dash from Exchange ===
https://www.dash.org/where-to-buy/ 
https://main.southxchange.com/Market/Book/DASH/BTC 

=== 4. Send Dash from Exchange to your Wallet ===
Dash Wallet >>> File >>> Receiving Addresses >>> New >>> OK >>> Right Click >>> "Copy Address"

=== 5. Get UTXO and Signature ===

Go to "Transactions" tab >>> Right click transaction at top of list (most recent transaction) >>> Click "Copy transaction ID" (DASH_TXID)

Click "Tools" menu >>> Debug Console >>> Enter command below with numbers 0 through 10 for VOUT until you find non-null output (and check that DASH sent equals value field)

gettxout DASH_TXID VOUT

*DASH_UTXO = DASH_TXID-VOUT

*DASH_SIG = signmessage DASH_ADDRESS DASH_UTXO

NOTE: Save DASH_UTXO and DASH_SIG for later step 
NOTE: Have to unlock wallet to run signmessage command, remember to lock it again afterwards!

----

== BIBLEPAY (BBP) ==

=== 1. Download Wallet ===
https://www.biblepay.org/wallet/

=== 2. Open & Encrypt Wallet ===
Open Wallet >>> Click Settings >>> Encrypt Wallet 
NOTE: DO NOT FORGET YOUR PASSWORD, 
IF YOU LOSE IT, YOU WILL LOSE ACCESS TO YOUR COINS, COPY IT 

=== 3. Buy BiblePay (BBP) from Exchange ===
https://main.southxchange.com/Market/Book/BBP/BTC

=== 4. Send BBP from Exchange to your Wallet ===
BiblePay Wallet >>> Click File >>> Receiving Addresses >>> New >>> OK >>> Right click it "Copy Address"

=== 5. Get UTXO ===

Click Settings >>> Options >>> Wallet tab >>> Check Enable Coin Control Features >>> OK

*BBP_UTXO = Wallet >>> Click "Send" tab >>> "Inputs..." >>> Right click amount just sent >>> "Copy UTXO"

----

== DASH STAKE ==

dashstakequote
dashstake BBP_UTXO DASH_UTXO DASH_SIG 1
dashstake BBP_UTXO DASH_UTXO DASH_SIG I_AGREE

NOTE: DWU is Dynamic Whale Unit, it is similar to APR, Annual Percentage Rate 
NOTE: Have to unlock wallet to run dashstake command, remember to lock it again afterwards!

- Stakes only last 6 months, if the coins move, the stake ends

- Because there is a maximum of 10 million BBP that can be used per stake, we recommend making stakes of less than $1,000 Dash and $1000 BBP, if you find yourself with too many coins, create new receiving addresses and send the coins to yourself in smaller amounts

----

=== References ===

https://wiki.biblepay.org/Dash_Stake 
https://forum.biblepay.org/index.php?topic=595.0 
https://forum.biblepay.org/index.php?topic=517.msg8564#msg8564 

=== Todo ===

- explain/link to what is dash and what is biblepay 
- add images/screenshots 
- video tutorial

@@ Line 10: / Line 10: @@
 If any of the coins are moved, the stake ends <br/>
-Limit of 10,000,000 BBP per stake
+NOTE: Because there is a maximum of 10 million BBP that can be used per stake, <br/>
 '''Original Guide:''' <br/>
@@ Line 55: / Line 58: @@
 NOTE: Save DASH_UTXO and DASH_SIG for later step <br/>
-NOTE: Have to unlock wallet to run signmessage command, remember to lock it again afterwards!
+NOTE: Have to unlock wallet to run signmessage command, remember to lock it again afterwards
@@ Line 88: / Line 91: @@
 *BBP_UTXO = Wallet >>> Click "Send" tab >>> "Inputs..." >>> Right click amount just sent >>> "Copy UTXO"
@@ Line 106: / Line 110: @@
 - Stakes only last 6 months, if the coins move, the stake ends
-- Because there is a maximum of 10 million BBP that can be used per stake, we recommend making stakes of less than $1,000 Dash and $1000 BBP, if you find yourself with too many coins, create new receiving addresses and send the coins to yourself in smaller amounts
+- Because there is a maximum of 10 million BBP that can be used per stake, <br/>

@@ Line 9: / Line 9: @@
 Stakes last 6 months, and interest is paid out in BBP each month <br/>
 If any of the coins are moved, the stake ends <br/>
 '''Original Guide:''' <br/>

@@ Line 4: / Line 4: @@
 Example:
-Holding $1,000 of DASH and $1,000 of BBP,
+Create a dash stake with $1,000 of DASH and $1,000 of BBP,
-earns $40 of BBP a month! [Date: 9/20/2020]
+and earn $40 of BBP a month! [Date: 9/20/2020]
-Stakes last 6 months, and interest is paid out each month <br/>
+Stakes last 6 months, and interest is paid out in BBP each month <br/>
 If any of the coins are moved, the stake ends <br/>
@@ Line 26: / Line 26: @@
 === 2. Open & Encrypt Wallet ===
 Open Wallet >>> Click Settings >>> Encrypt Wallet <br/>
 NOTE: DO NOT FORGET YOUR PASSWORD,  <br/>
 IF YOU LOSE IT, YOU WILL LOSE ACCESS TO YOUR COINS, COPY IT <br/>
@@ Line 66: / Line 67: @@
 === 2. Open & Encrypt Wallet ===
 Open Wallet >>> Click Settings >>> Encrypt Wallet <br/>
 NOTE: DO NOT FORGET YOUR PASSWORD,  <br/>
 IF YOU LOSE IT, YOU WILL LOSE ACCESS TO YOUR COINS, COPY IT <br/>

@@ Line 94: / Line 94: @@
 == DASH STAKE ==
-     dashstakequote
+     dashstakequote [optional 1=my stakes, 2=all] [optional 1=all, 2=non-expired only (default)]
      dashstake BBP_UTXO DASH_UTXO DASH_SIG 1
      dashstake BBP_UTXO DASH_UTXO DASH_SIG I_AGREE