Following the conclusion of Round 1 of the $100k flashstaking competition, I got to use the Daap extensively. Within the Telegram chat, there were numerous users who found some aspects of the Daap difficult to understand and/or use.
It was this that spurred me to make a tutorial/guide on the “No-Nonsense Guide To The XIO Daap” as I want to help the XIO community grow by making it accessible to new users of the platform as well as assisting existing users also.
Please note that this is an unofficial “No Nonsense Guide” to understanding the XIO Mainnet and was created with the purpose of providing users with further resources to learn about Flash Staking and the XIO Daap (“Mainnet”).
This guide will be useful to anyone who wants to understand any of the main features of the XIO mainnet with included examples, breakdown of explanations and other areas which you may be interested in.
The No-Nonsense Guide
You can find the guide through this google docs link here: XIO No-Nonsense Guide (Graphics) - Google Docs
Note: Recommended to view in google docs as potential graphical formatting issues if not.
- What is Flash Staking
- Early Unstaking
- XPY and Rewards
- Pro’s and Con’s of Flash Staking
- Short Term Staking vs Long Term Staking
- How does the Daap work?
- How can you get started?
Comments are more than appreciated either on the document itself or below this topic post and I will try and amend as appropriate.
I am aware that with the upcoming $FLASH change, certain elements of the guide such as the branding/graphics and terminology will change, however the core concepts and way in which the Daap is used will remain the same. Furthermore, this guide aims to help anyone interested in participating in future rounds of the XIO $100k flashstaking competition.
I highly recommend you check out the official XIO Blackpaper created by the XIO team to gain a thorough understanding of the ins and outs of the XIO network - XIO Blackpaper v3 - Google Docs
Thanks all for your time and happy staking,