Frequently Asked Questions
Is DAPS a staking coin?
Yes. Due to the nature of POSV3 staking on the DAPS chain, web wallets cannot stake as they cannot contribute to the DAPS network, therefore cannot receive rewards. Staking is only available on the full node desktop wallet or through a staking pool provider.
Can I run a masternode with DAPS?
Yes. Due to the nature of Masternodes, you cannot run a masternode from the web wallet. This is only available using the full node desktop wallet or a 3rd Masternode provider. Check our masternodes pages.
What are the benefits of using the DAPS web wallet over a full node desktop wallet?
You can save considerable time, the DAPS web wallet does not need to sync a local full copy of the DAPS blockchain unlike a desktop wallet Access your funds anywhere on PC / Mac / Linux and on your mobile device browser! Web Wallets do not have system requirements like full nodes do. As long as you have a web browser, you can use them.
What is Bitcoin Seed?
DAPS Desktop wallets use DAPScoin seed in order to create and decrypt 24 word seed phrases. DAPS Web Wallets use Bitcoin seed. Why? This is to keep to industry standards to ensure easier integrations to other service providers. You don't need to select this on the web wallet if you are restoring a QT wallet. But you must select it if you are restoring a web, mobile or SecuX wallet.
I’m using the web wallet for the first time why is it taking a while?
The first scan of your wallet will take long. The length of time is very dependent on your wallet size (number of utxos). Subsequent scans will be shorter, but your wallet will still need time to process your utxos locally. The more utxos you have the longer the wallet will require to finish.
I have lost my mnemonic phrase, what now?
There is no way to recover your wallet phrase, once you lose this your wallet cannot be accessed. KEEP THIS SAFE!
How can I earn rewards?
You can earn DAPS rewards by PoA mining, masternodes and staking.
Is DAPS an open-source project?
Yes. You can find all our code on Github and the project is community driven.
Where is the bootstrap?
The bootstrap is available from: https://bootstrap.dapscoin.com It is regularly updated and always downloadable.
I sent coins to an exchange why aren't they there yet?
Different exchanges have different confirmation times for transactions before they will credit coins to your account. Best thing is to ask the exchange about the transaction. As DAPS, we cannot affect anything with regards to transactions and exchanges.
The fastest way to get technical support or any of your questions answered is in our official Telegram channel @dapscoin - We check support emails once a day.