BigProxy Participation Tutorial

BigProxy, a new generation of decentralized Staking pool created by BigONE team, does not require a token transfer, achieves true "zero" risk, and provides users with the safest pool.

How BigProxy Works 

Rules of EOS Mainnet Vote Mining

1. Each EOS account can vote for BPs by buying REX. The number of votes = the number of EOS that buys REX, 1EOS=1 vote;

2. Each EOS account can vote for 30 BPs at the same time, supporting them to campaign for super BP (Block Producer);

3. Each EOS account can also entrust voting rights to a certain proxy account, and the proxy account will manage your votes for you;

4. The top21 BPs automatically become super BP and participate in producing blocks in EOS mainnet.

5. BPs participate in producing blocks in the EOS mainnet, can obtain both producing block rewards and voting rewards, which collectively refer to BP rewards;

BigONE's BigProxy gives you an easy way to earn an income: just buy REX, get the corresponding number of votes, and delegate your voting rights to BigONE's proxy account to successfully participate in BigProxy mining. BigProxy will give out the daily rewards to all users involved in mining.

It is very easy to participate in BigProxy, just follow the steps as shown below, then you can get daily income from BigProxy.

How to Participate in BigProxy 

BigProxy provides three ways to participate:

Desktop Wallet

Step1. Download and install Scatter at htttps://get-scatter.com/, import your EOS private key

Step2. Click the login button on the home page; Click "Allow" of Scatter to login

Step3. To finish the pledge, click 「Pledge」and enter the amount of REX you want to buy

EOS Wallet

Step1. Open the DApp browser of EOS mobile wallet and enter https://b1.run/proxy

Step2. To finish the pledge, click 「Pledge」and enter the amount of REX you want to buy

Command-line Operation

Reminder: be careful when you use the command-line operation. If you are not familiar with command-line operations, please use the desktop wallet or the trusted EOS wallet.

> cleos system voteproducer proxy [user] bigoneproxya

Note:

1. When you use command-line operation, please check the BigONE pledge account: bigoneproxya
2. [user] is your EOS account
3. After completing the proxy setting, your account still needs to purchase REX or stake CPU/NET resources in order to gain daily profit

Frequently Asked Questions:

1. What is REX?

REX is the abbreviation of "Resource Exchange", which was first officially proposed by Block.One. It is a risk-free network resource leasing market created in the EOS blockchain. The Exchange allows the token holders to rent their idle EOS to Dapp project parties, organizations or individuals, earning incomes such as “rental”, RAM interest, and account auction fee.

2. How often is the mining amount updated?

The BigProxy system is updated every 5 minutes.

3. How does the system determine my total income if I add or reduce the mining volume multiple times a day?

BigProxy system updates and counts the real-time mining volume for all users every 5 minutes. At 10:00:00 AM (UTC + 8) every day, yesterday’s mining volume of each user is obtained through a weighted average algorithm, and yesterday's income is calculated.

4. When will I receive my yesterday's BP income?

Every morning at 10:00:00 (UTC + 8), the system automatically calculates the yesterday's income of each user and then deposit the income to each user's EOS account.

5. When will I receive my yesterday's REX income?

According to the EOS mainnet rules, your REX income will accumulate daily. When you sell REX, the EOS main network will settle the income for you. You cannot sell REX within 72 hours after buying REX.

6. I participated in mining, why haven't I received yesterday's BP income?

When BP income (single day)<0.0001EOS, it cannot be transferred normally;

When BP income (single day) ≥ 0.0001 EOS, if you still have not received the income, please contact our customer service.

7.  What Is Mining Weight Reduction?

According to the EOS mainnet rules, after the vote rights are delegated, in time, the corresponding voting weight will reduce gradually, along with BP income. You can avoid the reduction of voting weight by simply confirming to delegate vote rights again.