How to Run Your $SRX Node
StorX is one of the best nodes for passive income
0. Prerequisites
- VPS: We use Contabo VPS XL or VPS 1400
- $SRX ($XDC) address to receive rewards (XinPay or D’Cent wallet)
- 3'500 $SRX coins (buy on Bitrue)
- 0.1 $XDC for fees
1. Buy a VPS
Minimum Requisites:
- Disk space: 1 TB
- Bandwith monthly: 10 TB
- Speed: 25 MBPS (200 Mbps)
Go to Contabo: https://contabo.com/en/storage-vps/
Buy VPS 1400 ($16.99 monthly) or VPS XL ($34.99 monthly)
You will receive an email after a few hours with your VPS installed.
2. Copy your VPS Information (email):
- IP address
- Password
3. Run your Node with PuTTY
Download and open PuTTY. Paste IP address and click Open. Login as root
Paste your password.
Note: Paste on PuTTY with Right Mouse Button
Instructions to run your node are on StorX Github. (Keep reading. We will copy the Method 1)
This is the text to copy + paste on PuTTY:
sudo su -c "bash <(wget -qO- https://raw.githubusercontent.com/StorXNetwork/StorX-Node/main/bootstrap.sh)" root
Then paste $XDC address for rewards (it’s OK if wallet has 0 $SRX now)
You will see “Done” (green letters).
4. Get Your 3'500 $SRX Ready
Now you need 3'500 $SRX on your XinPay or DCent wallet. Buy on Bitrue. You also need 0.1 $XDC for paying fees.
Note: You can Add new Token $SRX to XinPay:
- Address: xdc5d5f074837f5d4618b3916ba74de1bf9662a3fed
- SRX
- 18 decimals
Note: With XinPay you can have multiple wallets (accounts) if you want 2+ nodes: click the top-right User icon 👤, then click Create Account.
5. STAKE
Approve to stake 3'500 $SRX on your node (+ 0.01 $XDC fees)
Troubleshooting: if XinPay wallet is not connecting on Chrome, click the top-right puzzle icon, then click Manage extensions and disable Metamask.
Wait a few HOURS until your reputation goes from “NOT A STAKER” to a number higher than 10.
When reputation is higher than 10… Stake!
Staked must turn to “TRUE” in green.
Congrats! :)
What is the ROI?
Annual ROI: 9'000 $SRX + 6% of staked amount
With current price of $SRX = $2.00
Every node requires min 3'500 $SRX staked
- Price per Node: 3500*$2.00 = $7'000
- Monthly: 750 $SRX + 17.5 $SRX (6% of 3'500 / 12) = $1'535
- Annual: 9'000 $SRX + 210 $SRX (6% of 3'500) = $18'420