Is there a deadline to swap LOC?
There is no deadline, but please see this guide on why you may want to swap as soon as possible:
https://www.locktabi.com/en/how-to-get-the-hydra-airdrop-and-start-staking/
I get an error when trying to send LOC from my wallet or an exchange
You may need to swap your LOC first. Please see this guide:
https://medium.com/locktrip/loc-erc20-hrc20-swapping-guide-5e0be1d573b4
I didn’t get my airdrop
For any LOC transfered to your whitelisted HYDRA wallet after the start of the airdrop (30 March) there will be a 4 week cool down period during which you will not receive HYDRA for those LOC (it will be burnt). This also applies to new KYC submissions. More info here:
How do I get the airdrop?
Please see the full guide on How to Get the Hydra Airdrop and Start Staking for 180%+ APY
Will we always get 180% APY?
On kucoin, the APY is set by them. They will adjust based on the core protocol APY.
The core APY depends on the total amount of HYDRA staked and also the voted inflation rate.
This article and graph outlines our predicted for the APY change over time. It gives you a rough idea:
When will I get a staking reward?
You can think of staking as entering a lottery every block to win the block reward. Therefore, there is no guaranteed reward at a specific time. The “expected time” shown in the staking wallet is a calculation based on your probability of winning the lottery (i.e. your staking weight compared to the overall network staking weight). For example, if your estimated time to win a reward is 16 days, you can think of it as a 1 in 16 chance of winning a block each day. Or a 1 in 10,800 chance of winning any individual block (calculation: average block time is 128 seconds. In 24hrs there’s 24 x 60 x 60 = 86,400 seconds, divided by 128 = 675 blocks, and multiply by 16 to get the probability of winning any single block). Sometimes it may take up to 5 or 6 times longer than your estimated time to win a block, sometimes you may receive 5 or 6 rewards in the estimated time to receive one. This is the nature of mathematical probability. If this does not meet your expectations, we recommend staking on pool-x.io, where you will receive guaranteed regular payouts.
If you have enough HYDRA, it is better to stake yourself. Expected mining times as of now:
3,000 HYDRA —> 1 block per day 1,500 HYDRA —> 1 block every 2 days 1,000 HYDRA —> 1 block every 3 days 400 HYDRA —> 1 block per week 200 HYDRA —> 1 block every 2 weeks
One block right now gives you roughly 16.25 HYDRA. Please note that staking yourself introduces the factor of luck. So depending on your luck, certain blocks can take longer or shorter to be mined compared to the expected time. But over multiple blocks the average should come close to the estimated time
What is the advantage? You keep 100% of the rewards and don't pay a commission to Kucoin. Especially recommended for long-term stakers who can even out the luck factor over multiple blocks. And also recommended for anyone staking more than 1,000 HYDRA.
How long until my HYDRA mature?
Hydra coins will be mature after 500 block confirmations, or about 17-18 hours.