Step into the world of IOST staking with our comprehensive 2024 guide. Learn the ins and outs of securely staking your IOST tokens to not only contribute to the network's security but also to earn substantial rewards. This guide breaks down the process into easy-to-follow steps, ensuring you can maximize your earnings with minimal effort. Whether you're new to staking or looking to refine your strategy, our tutorial provides all the essentials for a profitable IOST staking experience.
What is IOST and IOST Staking?
IOST is an ultra-fast, decentralized blockchain network based on the consensus algorithm “Proof of Believability” (PoB). It aims to serve as the foundation for secure, scalable online services in the decentralized economy. IOST's native token, IOST (Internet of Services Token), powers the platform, offering scalability and security for decentralized app (DApp) development and execution.
IOST staking is a process where users lock up a certain amount of IOST tokens in a wallet to support the network's security, consensus, and overall operation. By staking their tokens, users can participate in the network's governance and earn rewards.
What Should You Know about IOST?
The following table summarizes the basic information for staking IOST:
| Item | Description |
|---|---|
| Rewards Distribution Interval | 1 Day |
| Rewards Distribution Method | Rewards need to be manually claimed. |
| Unbonding Period | 3 Days |
| Compounding | No auto compounding. |
How to Stake IOST with InfStones?
Follow step-by-step staking guide below!
Step 1: Navigating to the Staking Section
Open the IOSTABC website at https://www.iostabc.com and click on the “Producer Vote” section to choose a validator that you want to stake for. Your wallet should automatically authenticate on the website.
Step 2: Choose InfStones as Validator
You can enter InfStones into the search bar and simply click on the “Vote” button.
Step 3: Enter Desired Amount
In the pop-up menu choose the desired amount of IOST that you want to stake.
Step 4: Confirm
Confirm your intent to perform this operation and you have successfully staked your IOST.
How to Claim Reward?
Visit the IOSTABC website by navigating to https://www.iostabc.com and click on the “My Votes” option located under the “Wallet” tab.
Select the “All BONUS” button, and you will be able to view your rewards in this section.
How to Unstake?
To unstake your staking, visit the IOSTABC website by navigating to https://www.iostabc.com
Go to the “MY VOTES” tab and simply click the “UNVOTE” button.
Why Staking with InfStones?
User-centric experience:
- Intuitive staking experience with graphic interface.
- Seamless integration with various wallets.
- Standardized and consistent logic across different protocols.
Secure and reliable infrastructure:
- 2000+ service days with 0 slashing.
- Non-custodial staking.
- Trusted by Binance, CoinList, BitGo, OKX and more.
Comprehensive support and resources:
- 24/7 professional support.
- Extensive guiding documentations.
InfStones is an advanced, enterprise-grade Platform as a Service (PaaS) blockchain infrastructure provider trusted by the top blockchain companies in the world. InfStones’ AI-based infrastructure provides developers worldwide with a rugged, powerful node management platform alongside an easy-to-use API. With over 20,000 nodes supported on over 80 blockchains, InfStones gives developers all the control they need - reliability, speed, efficiency, security, and scalability - for cross-chain DeFi, NFT, GameFi, and decentralized application development.
InfStones is trusted by the biggest blockchain companies in the world including Binance, CoinList, BitGo, OKX, Chainlink, Polygon, Harmony, and KuCoin, among a hundred other customers. InfStones is dedicated to developing the next evolution of a better world through limitless Web3 innovation.
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