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How To Stake IoTeX ($IOTX) Using These 5 Easy Steps?
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How To Stake IoTeX ($IOTX) Using These 5 Easy Steps?
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Oct 17 , 2019 · 3 min read
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IoTeX Delegation Tutorial

What is IoTeX?

Starting as an open-source project in 2017, IoTeX has built a decentralized platform whose aim is to empower the open economics for machines — an open ecosystem where people and machines can interact with guaranteed trust, free will, and under properly designed economic incentives. IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.

How to Stake IOTX with InfStones?

Follow the five simple steps below to experience the staking service on InfStones’ node and earn your own piece of rewards.

Step 1: Download and Install iWallet

Search “ioPay” on your phone, ioPay is an official wallet supporting delegation on IoTeX. You can acquire ioPay on both IOS, Android and APK. Navigate to this website to start and follow the prompts to install the ioPay.

IoTeX Delegation Tutorial

Step 2: Create or Import an account for ioPay Wallet

Open up the ioPay you’ve just installed, create or import an account for the wallet as you wish. If you are familiar with the creation and import process, please skip to Step 2 directly.

To create a wallet, click on “Create Wallet” to start.

IoTeX Delegation Tutorial

Type in a name you prefer and then click on “NEXT” at the upper right of this page.

IoTeX Delegation Tutorial

Click the area circled by the red square to copy your private key.

IoTeX Delegation Tutorial

Click the area circled by the red square and paste the private key you copied before here.

IoTeX Delegation Tutorial

Click on “View New Wallet” to get access to your wallet.

IoTeX Delegation Tutorial

To import a wallet, click on “Import wallet” to start.

IoTeX Delegation Tutorial

Click on “PRIVATE KEY” to continue.

IoTeX Delegation Tutorial

Type in your private key in the red square 1 and then click on “NEXT” to continue.

IoTeX Delegation Tutorial

Click on “View InfStones” to get access to your wallet.

IoTeX Delegation Tutorial

Check your wallet. Once you’ve got access to your wallet, your wallet address will be presented on the upper side of the page.

IoTeX Delegation Tutorial

The balance in your wallet will be shown below.

IoTeX Delegation Tutorial

Step 3: Stake your Tokens

Click on “STAKE” to start staking.

IoTeX Delegation Tutorial

Click on “New Stake” to create a new stake for yourself. Scroll down to find InfStones’ node, click on “Infinity Stones” to continue.

IoTeX Delegation Tutorial

Create Stake.

IoTeX Delegation Tutorial

Type in the amount of tokens you want to stake. Type in the stake duration you prefer. Click on “Next” on the upper right of this page to continue. Click on “OK” to approve the transaction

IoTeX Delegation Tutorial

Wait for a couple of seconds, the delegation will be approved soon. When you see “Broadcast Successfully”, it means the transaction has been accomplished.

IoTeX Delegation Tutorial

Step 4: Confirm Transaction

To confirm your previous stakings, click here (at the very bottom of this page) to continue.

IoTeX Delegation Tutorial

The status of your previous transactions will be presented here including stakings. If you’ve approved a successful staking, a tag “Success” will be shown below the Stake record.

IoTeX Delegation Tutorial

Step 5: Restake your Tokens

Click on “STAKE” to deploy more operations.

IoTeX Delegation Tutorial

The status of your lifetime stakings will be shown here. Click on the title of your previous staking to continue.

IoTeX Delegation Tutorial

Click on “Edit” to continue.

IoTeX Delegation Tutorial

Click on “Restake” to restake at any time you prefer.

IoTeX Delegation Tutorial

Choose a duration you prefer to restake.

IoTeX Delegation Tutorial

Choose a duration you prefer in red square 1. You can reset the stake duration as you prefer, the longer duration you’ve chosen, the more rewards you’ll get. Click on “NEXT” in red square 2 to continue. Then, click on “OK” to approve the restake.

IoTeX Delegation Tutorial

Why Stake 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.


About InfStones

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.