By staking BNTY bounty hunters can reduce platform fees thereby earning more for each bounty they complete.
What are the Bounty0x Platform Fees?
By default hunters are charged a 15% transaction fee, however, when a hunter stakes BNTY, the fees charged by the platform are reduced.
What are the Hunter Earnings fees used for?
Platform fees are used to reward Bounty Sheriffs for reviewing submissions, pay gas fees for distribution of tokens, and to grow the Bounty0x platform.
I am a hunter and I want to stake BNTY and reduce my fees, how do I get started with staking BNTY?
After a bounty hunter stakes BNTY, the BNTY remains staked for a period of 30 days and platform fees are reduced during the time that BNTY is staked.
At the end of the 30 day period, users can either withdraw the staked BNTY, or continue staking for another 30 days period.
1. Select how much BNTY you want to stake
2. Select whether to auto renew your stake at end of 30 day period.
3. Click Stake BNTY
4. Prompt Metamask popup.
5. Send BNTY tokens to address.
6. Wait for transaction to complete