Articles on: General

Electra (ECA) Stake Reward on CoinFalcon!

We have just initiated a distribution of Electra stake rewards on CoinFalcon, which allows you to earn ECA coins by simply holding your Electra funds in your account - yes, that is passive income that does not require you to solve tedious computer problems or complicated algorithms.

How does Electra (ECA) staking work?

This is an automatic process that rewards you with ECA coins by supporting the network - simply keeping your Electra coins in your CoinFalcon account. With staking, our system uses the ECA coins in your account to confirm transactions, and in return, you will earn a percentage of ECA coins based on the Electra funds that you have, with respect to the total ECA balance on CoinFalcon.

This works similarly like mining, the difference is that, you need not to do anything but to simply let your Electra coins sit and mature in your CoinFalcon account. ECA maturity takes some time to start staking - it takes at least 24 hours for our system to use your ECA coins to confirm transactions from the time of your deposit. You could receive the rewards daily, every other day, or weekly - it’s random, but you will be notified whenever you earn Electra coins. To put it simply, the longer and the more Electra coins you hold in your CoinFalcon account, the more staking rewards you get.

Are my Electra (ECA) coins safe in my CoinFalcon wallet?

As an exchange that keeps a huge portion of our total funds in a cold secure storage, yes, your ECA coins are safe on CoinFalcon for staking; however, we’d also urge you to take necessary precautions to secure your own CoinFalcon account.

Enable 2FA (Two-Factor Authentication) on both your email and your CoinFalcon account. For your CoinFalcon account, go to Account Settings > Security, or you may check this article for the steps.

Use a strong password, not a weak password that is just your name followed by random letters and numbers. We'd suggest that you combine symbols, numbers, and capital letters (e.g. JAsjqw9l*@##kcmj2342). You may use 1Password or LastPass to securely manage your passwords.

Do not use the same password for multiple sites. Websites get breached all the time and reusing the same login information on multiple sites makes your accounts vulnerable to compromise.

Make sure to check the URL of the website you are logging into. There are a lot of phishing websites out there that collect your personal information or log-in credentials.

Updated on: 06/13/2019

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