Portfolio Builder Setup
Get paid to hold BBP, and other cryptocurrencies!
- Easy Staking: Hold BBP **and** Hold BTC, LTC, DOGE or DASH
(Earn up to 36% interest per year!)
- Easy BBP Staking: Hold BBP
(Earn up to 18% interest per year!)
[Sanctuaries (Masternodes) now act as UTXO oracles,
meaning they have the capability to assess another cryptocurrency chain’s UTXO status]
Contents
Guides
- Video Tutorial (by Founder & Lead Developer of BiblePay!)
https://foundation.biblepay.org/Press/How_To_Stake_With_BiblePay.mp4
- UTXO Mining
https://wiki.biblepay.org/UTXO_Mining
Pre-requisites
1. Download Wallet
https://www.biblepay.org/wallet/
a. Wallet will automatically start syncing
2. Buy BiblePay (BBP) Coins / Send them to Wallet
https://www.reddit.com/r/BiblePay/comments/7nevdg/how_to_get_biblepay_bbp_coins/
3. Lock your wallet with a password
3a. Unlock wallet
Settings >>> Unlock Wallet and then later Settings >>> Lock Wallet
or Tools >>> Debug Console >>>
walletpassphrase "password" seconds // wallet will automatically lock again after time in seconds
Setup:
4. Create nickname
a. User Record >>> My User Record
b. Enter in name for nickname field
c. Click Save
5. Split your coins into chunks, Run command:
exec bankroll quantity amount exec bankroll 5 1000 // will create 5 addresses with 1000 BBP each
5a. Wait a couple blocks (10-15 minutes)
Easy Stake (BBP AND BTC, LTC, DASH or DOGE)
foreign_address = BTC, LTC, DASH or DOGE
a. Genderate a new foreign_address (BTC, LTC, DASH or DOGE address)
b. In BiblePay Wallet run command:
getpin foreign_address
You will get a 5 digit pin number, like 55555
c. Add the pin number into the decimal section of foreign coins to stake, Send foreign coins to yourself at foreign_address
Example:
pin: 55555 desired foreign stake amount: 10 LTC amount to send to foreign_address: 10.055555 LTC (or 10.0055555, etc)
NOTE: Pin must fit within first 8 decimal places
d. In BiblePay wallet run command to stake BBP and foreign coin
easystake bbp_amount foreign_address 0 // test easystake bbp_amount foreign_address 1 // real
NOTE: When calculating daily interest
the coin amount with the lower USD value is used
(staking value = lower coin value multiplied by 2)
So if you stake $50 of LTC you will want to try to stake at least $50 of BBP, to give you the $100 total stake value
Easy BBP Stake (BBP)
easybbpstake amount 0 // test easybbpstake amount 1 // real
DWU
DWU is similar to yearly ROI (Return on Investment)
Leaderboard
If you are running the graphical wallet click on the Leaderboard tab on the left side.
Sort the leaderboard by Owed (Owed is how much BBP the user is owed by the contract).
Double click on nicknames to see staking details
List Stakes
listutxostakes 0 0
References
- Video Tutorial
https://foundation.biblepay.org/Press/How_To_Stake_With_BiblePay.mp4
- UTXO Mining
https://wiki.biblepay.org/UTXO_Mining
- Descriptions
https://forum.biblepay.org/index.php?topic=748.msg9967#msg9967
https://forum.biblepay.org/index.php?topic=517.msg10300#msg10300