Homnifi Wiki
  • Homnifi 101
    • 🌎Discover Homnifi
    • 🔐Login / Forgot Password
    • 📇User Profile
      • Personal Details
      • KYC / KYB
      • Notifications
    • 💲Wallet on Homnifi
      • Understanding Wallet Dashboard
      • How to Deposit
        • Deposit and Stake
      • How to Withdraw
        • How to do Internal Transfer
        • How to do External Withdrawal
          • How to do External Withdrawal sLYK
      • How to View Transaction History
    • FAQ
    • 🔮Defi360
      • Welcome to NodeK
        • 🤔Understanding NodeK
        • ✅Activating NodeK
        • 🔗NodeK Hosting: From In-House to Delivery with Online Connection
        • 🏗️How NodeK Works
        • 🧮Rewards and Calculation formula
        • 🆕smLYK Promotion Campaign
        • 💰USDK Farming
        • 💬FAQ
      • Welcome to CloudK
        • 💰Wallet on CloudK
          • Understanding Wallet Dashboard
          • How to Deposit cLFI-D
          • CLFI-W to CLFI-D Swap on CloudK
          • How to Withdraw
            • How to do External Withdrawal
            • How to Internal Transfer
            • How to Withdraw sLYK
          • How to View Transaction History
        • 💻Understanding CLOUDK
          • Understanding CloudK Dashboard
          • Activating CLOUDK
          • How CLOUDK Works
          • CLOUDK Rewards Calculation Formula
          • Cloud Minting Rewards Calculation Formula
          • LAYERK Unlock
        • 🖥️Hardware Minting
          • Linking Hardware to CloudK
          • Link/De-Link Software Licenses to Hardware
          • Minting Dashboard
      • 🛠️Device Maintenance and Replacement
    • My Community
      • Powering the Future: The Supernode Revolution
      • Understanding Supernode
      • Supernode Eligibility for Active Distributor
      • Rewards
      • Base Referral Reward - Node Reward
      • Supernode Generational - Continuous Reward
      • Builder Referral - Double your production
      • Cross Capping
      • My Friends (coming soon)
    • 🚫Service Accessibility: Country Restriction
    • My Vouchers
  • Other Products
    • T-Balance
    • QWise?
      • Insights Reports
        • Market Update: Weekly Report
        • Asset Mentor: Monthly Report
        • Sentinel: Quarterly Report
      • CryptoGPT & ForexGPT
    • Wallek
      • 💰What is Wallek?
      • 🤔Discover Why WalleK is a Game-Changer
      • ⚙️How Wallek works?
      • 🔢Wallek Allocation & PPPP Calculation
        • How allocation works
        • Pumps
        • Power
          • What is a milestone?
          • How to achieve power?
          • What are different types of milestones available?
        • Persistence
        • Probability
      • 🗃️Features
        • Launchpad
        • Airdrop
      • 📔TUTORIAL WALLEK - WEB
        • Login to WalleK
        • Activate your Metamask
        • Add LYK and sLYK to Metamask
        • Where can I find LYK and sLYK?
          • How to purchase LayerK token
          • Steps to migrate LYK and sLYK from JourneyBridge
          • Steps to migrate ZENIQ to sLYK in Koinbay
        • Deposit on Metamask
        • Link to Metamask
        • Staking
        • What to do now
      • ❓FAQ
        • Get Started
          • What is Blockchain
          • What is Launchpad
          • What is Token Allocation
          • What is Token Staking
          • What is Decentralized Application
          • Why Decentralization System Outshine Traditional Models
          • LayerK Dominance
        • What is Wallek, and how does it work?
        • How do I participate in Wallek's launchpad token allocations?
        • What are the benefits of receiving token allocations through Wallek?
        • How can I diversify my portfolio using Wallek?
        • Why should I join Wallek as an early participant?
        • How do I link my MetaMask or Phantom wallet to Wallek?
        • What are "PUMPS" scores, and how do I gain them?
        • What is a milestone, and how does it impact my token allocation?
        • What is a probability score, and how can I increase my chances of receiving one?
    • Ramp Starter
      • 🚀Get Started
        • What is Rampstarter
        • What is Launchpad
        • Discover Why Rampstarter is a Game-Changer
        • What is a Token Allocation
        • What is Decentralized Application
        • Why Decentralized Systems Outshine Traditional Models
        • Launchpad Case Studies
      • ⚙️How Rampstarter Works
        • What is PPPP
        • How Allocation Works
        • Benefits Of Getting Allocation
      • 🔠Basics Of Rampstarter
        • Login/ signup into Rampstarter
        • Connect Wallet
        • How to Register for a Project
        • How to Deposit Tokens for a Project
        • How Does Token Claiming Work
        • What is Vesting, Cliff and TGE
      • ❓FAQ
  • REPORT
    • Old Report
      • 3rd October 2024
      • 30 August 2024 (updated)
      • 12 December 2024
      • 15 December 2024
      • 20 December 2024
      • 30 December 2024
      • 19 February 2025
    • 4th March 2025
    • 10th March 2025
    • ROADMAP 2025 - HOMNIFI Updates
  • 19th March 2025
  • 19th March 2025 - Membership Update
  • 22nd March 2025
  • 21 April 2025 - Homnifi Platform Update
  • Homnifi - XPRO: Sync Fully Restored
  • May 2025 - Homnifi Platform Update
  • CloudK Migration Update – Transition Phase Begins
  • Legal Docs
    • Terms and Condition
    • Terms and Condition In-House Node
    • Privacy and Cookies
    • Risk Disclosure
Powered by GitBook
On this page
  • What is NodeK?
  • How do I access NodeK?
  • What are the eligibility criteria for NodeK rewards?
  • What are the options for producing rewards on NodeK?
  • How are rewards calculated when Auto Linking is Off?
  • How are rewards calculated when Auto Linking is On?
  • How do I buy machines on NodeK?
  • How do I stake tokens on NodeK?
  • How can I estimate potential rewards on NodeK?
  1. Homnifi 101
  2. Defi360
  3. Welcome to NodeK

FAQ

Explore NodeK's FAQ to learn how to stake tokens, calculate rewards, and access machines. Understand eligibility, reward options, and tips to maximize earnings on the Homnifi platform.

What is NodeK?

NodeK is a platform where our community can earn rewards by staking LYK tokens and leveraging the minting power of their chosen plan/machine as token locked value. The platform operates on the principle of Token locked value + New token added = Rewards, allowing users to optimize their earnings through strategic token adding.

How do I access NodeK?

You can access NodeK directly from the Homnify platform under the Defi360 section. Simply navigate to this section to explore the features and functionalities available for staking LYK tokens and earning rewards.

What are the eligibility criteria for NodeK rewards?

To be eligible for NodeK rewards, you need to have purchased machines from Horys Mall and staked tokens within the NodeK platform. These steps are essential to activate your participation and start earning rewards based on your staked LYK tokens.

What are the options for producing rewards on NodeK?

NodeK offers two options for producing rewards:

  • Auto Linking Off: Provides regular rewards that can be withdrawn directly by the user.

  • Auto Linking On: Optimizes rewards through Linking, where rewards are summed into the staked tokens. Users cannot withdraw rewards directly in this mode.

How are rewards calculated when Auto Linking is Off?

When Auto Linking is Off, rewards are calculated based on several factors:

  • Token locked value Calculation: Calculated based on the tokens staked and LYK token prices at the time of staking.

  • Staking Limit: Determines the maximum tokens a user can stake based on their chosen plan/machine and available Token locked value.

  • Reward Calculation: Daily calculations at 00:00 UTC consider factors like All Time High (ATH), Percentage Fall from ATH, Decrease Level Price (DLP), Production Decrease, and Minting Power to determine rewards.

How are rewards calculated when Auto Linking is On?

When Auto Linking is On, rewards are summed into the staked tokens daily. The calculation includes:

  • Token locked value Calculation: Includes rewards received and tokens staked.

  • Reward Calculation: Similar to Auto Linking Off but with the added consideration of auto-link rewards into staked tokens at the prevailing LYK price.

How do I buy machines on NodeK?

You can purchase machines by visiting the NodeK landing page, clicking on the ‘Buy Now’ option associated with each machine, and completing the purchase process on Horys Mall. Your purchased machines will then be visible under the Machines section of NodeK.

How do I stake tokens on NodeK?

To stake tokens, navigate to the Machines section, click on the ‘+ Stake’ option next to your purchased machine, select the token and amount to stake, review the details, and confirm your staking decision. Staked tokens contribute to your eligibility for earning rewards on NodeK.

How can I estimate potential rewards on NodeK?

Use the Reward Calculator function available on NodeK to estimate potential rewards. This tool allows you to input specific machine and staking details to calculate projected earnings based on your staked tokens and chosen plan/machine.

PreviousUSDK FarmingNextWelcome to CloudK

Last updated 9 months ago

🔮
💬
Page cover image