We're excited to announce the launch of PACK staking on October 15th! This new feature allows HashPack users to earn passive income by converting their PACK tokens to xPACK and receiving fixed rewards at 5% annual percentage rate (APR).
What Is PACK Token?
PACK is the official utility token for HashPack wallet, designed to reward loyal community members and provide value for all users. As the native cryptocurrency of the HashPack ecosystem, PACK offers various benefits including:
- Staking rewards
- Governance capabilities (future plans)
- Access to premium features
- Community incentives
👉 Learn more about PACK token benefits
How PACK Staking Works
The staking mechanism converts your PACK tokens to xPACK at a 1:1 ratio initially. Over time, the value of xPACK increases relative to PACK at a fixed rate of 5% APR.
APR Example Explained
Here's a clear breakdown of how the 5% APR works:
| Action | Amount |
|---|---|
| Initial Stake | 10,000 PACK |
| Receive | 10,000 xPACK |
| After 1 Year | Unstake 10,000 xPACK |
| Final Return | 10,500 PACK |
This means your staked tokens grow by 5% annually without any complex calculations or variable rates.
Step-by-Step Guide to Staking PACK
Before You Begin
- Ensure you have PACK tokens in your HashPack wallet
- Have a small amount of HBAR for network fees
Staking Process
- Open HashPack wallet
- Click the Stake button
- Select the PACK tab
- Press Stake PACK
- Enter your desired staking amount
- Confirm the transaction
Your PACK tokens instantly convert to xPACK and begin earning rewards!
Managing Your Stake
To Unstake:
- Press Unstake xPACK
- Enter the amount
- Confirm the transaction
To Stake Additional PACK:
- Press Stake PACK
- Add more tokens
- Confirm the transaction
PACK Staking FAQ
What is the difference between PACK and xPACK?
- PACK: Standard utility token used across HashPack ecosystem
- xPACK: Staking token that appreciates at 5% APR relative to PACK
Where can I buy PACK tokens?
You can acquire PACK through:
- HashPack in-wallet swap (HBAR→PACK)
- Buy/Sell button in HashPack
- Major exchanges like SaucerSwap, Gate.io, MEXC, and Bitget
👉 Discover where to trade PACK tokens
Are there any lock-up periods or restrictions?
No! Your staked tokens:
- Aren't locked
- Can be unstaked anytime
- Have no withdrawal delays
- Only incur standard Hedera network fees
Can I stake from a hardware wallet?
Currently, PACK staking isn't directly supported on:
- D'CENT wallets
- Ledger devices
However, you can transfer PACK/xPACK to/from hardware wallets.
Will the 5% APR change?
We've designed the PACK staking system for long-term sustainability:
- Fixed 5% APR for all users
- No tiered rewards or boosters
- Ample reserves to maintain this rate
Why Stake Your PACK Tokens?
Staking offers numerous benefits:
- Earn passive income effortlessly
- Support HashPack ecosystem growth
- Prepare for future governance features
- Secure network participation rewards
Stay Updated
Join the HashPack community for the latest updates:
PACK staking marks an exciting milestone for HashPack users. Start earning rewards today and be part of the wallet's growing ecosystem!