Difference between revisions of "Portfolio Builder Setup"

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Get paid daily interest to hold BiblePay (BBP), and other cryptocurrencies!
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Get paid daily rewards to hold BiblePay (BBP), and other major cryptocurrencies!
  
- '''Easy Staking''': Hold BBP **and** Hold BTC, ETH, LTC, DOGE or DASH <br />
 
  
- '''Easy BBP Staking''': Hold BBP <br />
+
You may hold BBP alone for the standard reward, or hold BBP **and** another cryptocurrency for a double reward (split over the market value of the position).
  
[Sanctuaries (Masternodes), the 2nd tier network of nodes on the BiblePay blockchain, now act as UTXO oracles,  <br />
 
meaning they have the capability to assess another cryptocurrency chain’s UTXO status]
 
  
To prove you own non-BBP coins, you add a 5 digit BBP pin number in the decimal section of the amount, read more below!
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To prove you own coins, you add a 5 digit BBP pin number in the decimal section of the amount, read more below!
 +
 
  
 
=== Guides ===
 
=== Guides ===
Line 14: Line 12:
 
- Video Tutorial (by Founder & Lead Developer of BiblePay!) <br />
 
- Video Tutorial (by Founder & Lead Developer of BiblePay!) <br />
 
https://foundation.biblepay.org/Press/How_To_Stake_With_BiblePay.mp4
 
https://foundation.biblepay.org/Press/How_To_Stake_With_BiblePay.mp4
 +
  
 
- UTXO Mining <br />
 
- UTXO Mining <br />
 
https://wiki.biblepay.org/UTXO_Mining
 
https://wiki.biblepay.org/UTXO_Mining
 +
  
 
=== Pre-requisites ===
 
=== Pre-requisites ===
  
1. Download Wallet <br />
+
1. Create a wallet at https://unchained.biblepay.org | Save your Nickname
https://www.biblepay.org/wallet/ <br />
 
a. Wallet will automatically start syncing
 
  
 
2. Buy BiblePay (BBP) Coins / Send them to Wallet <br />
 
2. Buy BiblePay (BBP) Coins / Send them to Wallet <br />
 
https://www.reddit.com/r/BiblePay/comments/7nevdg/how_to_get_biblepay_bbp_coins/
 
https://www.reddit.com/r/BiblePay/comments/7nevdg/how_to_get_biblepay_bbp_coins/
  
3. (OPTIONAL, RECOMMENDED) Lock your wallet with a password, Settings >> Encrypt Wallet <br />
 
a. Write down your password somewhere safe, do not lose it!, if you forget the password you lose access to the funds! <br />
 
b. Now Unlock wallet <br />
 
Settings >>> Unlock Wallet (and then later Settings >>> Lock Wallet)<br />
 
or Tools >>> Debug Console >>>
 
 
    walletpassphrase "password" seconds // wallet will automatically lock again after time in seconds
 
 
=== Setup ===
 
 
4. Create nickname <br />
 
a. User Record >>> My User Record <br />
 
b. Enter in name for nickname field <br />
 
c. Click Save <br />
 
 
5. Enable Coin Control, <br />
 
In wallet, Click Settings menu >>> Options >>> Wallet >>> Click Enable coin control features >> Ok <br />
 
Now click Send tab >>> Inputs... >>> Can view all your coins and the addresses they are in! <br />
 
(Later when a set of coins gets staked a lock icon will show up next to it)
 
 
6. Split/combine your coins into chunks for stakes and stake fees with bankroll command (Tools >> Debug Console):
 
 
    exec bankroll quantity amount
 
    exec bankroll 5 100 // will create 5 addresses with 100 BBP each
 
 
'''NOTE:''' Stake amounts can only be 10,000 to 10,000,000 BBP each <br />
 
and Stake fees require addresses with 1 to 100 BBP each, <br />
 
so bankroll your coins accordingly! <br />
 
 
6a. Wait a couple blocks (~15 minutes)
 
 
=== Easy Stake (BBP AND BTC, ETH, LTC, DASH or DOGE) ===
 
 
foreign_address = BTC, ETH, LTC, DASH or DOGE
 
 
a. In Foreign Wallet, Generate a new foreign_address (BTC, ETH, LTC, DASH or DOGE address)
 
 
b. In BiblePay Wallet, Run command (Tools >> Debug Console): 
 
 
    getpin foreign_address
 
 
You will get a 5 digit pin number, for example 55555
 
 
c. In Foreign wallet, Add pin number to decimal section of amount you are sending to yourself for staking <br />
 
 
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 the DWU  <br />
 
the coin amount with the lower USD value is used  <br />
 
(staking value = lower coin value multiplied by 2) <br />
 
  
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) ===
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''' Stake BiblePay Alone '''
  
    easybbpstake amount 0 // test
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From https://unchained.biblepay.org | Portfolio Builder
    easybbpstake amount 1 // real
 
  
=== DWU ===
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Select BBP
  
DWU is the percentage of coins you will earn per year on your staking position. <br />
+
Fund your receive address with an amount of biblepay ending in the 5 digit pin.
  
=== Leaderboard ===
 
  
If you are running the graphical wallet click on the Leaderboard tab on the left side. <br />
 
Sort the leaderboard by Owed (Owed is how much BBP the user is owed by the contract). <br />
 
Double click on nicknames to see staking details <br />
 
  
=== List Stakes ===
 
  
    listutxostakes 0 0
 
  
 
=== References ===
 
=== References ===

Revision as of 15:14, 28 August 2021

Get paid daily rewards to hold BiblePay (BBP), and other major cryptocurrencies!


You may hold BBP alone for the standard reward, or hold BBP **and** another cryptocurrency for a double reward (split over the market value of the position).


To prove you own coins, you add a 5 digit BBP pin number in the decimal section of the amount, read more below!


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. Create a wallet at https://unchained.biblepay.org | Save your Nickname

2. Buy BiblePay (BBP) Coins / Send them to Wallet
https://www.reddit.com/r/BiblePay/comments/7nevdg/how_to_get_biblepay_bbp_coins/



Stake BiblePay Alone

From https://unchained.biblepay.org | Portfolio Builder

Select BBP

Fund your receive address with an amount of biblepay ending in the 5 digit pin.



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