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How To Stake Ontology's ONT Token Using 4 Simple Steps?
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How To Stake Ontology's ONT Token Using 4 Simple Steps?
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Aug 22 , 2018 · 4 min read
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Ontology Delegation Tutorial

What is Ontology?

Ontology is a high-performance, open-source blockchain specializing in digital identity and data. Its unique infrastructure supports robust cross-chain collaboration and Layer 2 scalability, offering businesses the flexibility to design a blockchain that suits their needs. With a suite of decentralized identity and data sharing protocols to enhance speed, security, and trust, Ontology’s features include ONT ID, a mobile digital ID application and DID used throughout the ecosystem, and DDXF, a decentralized data exchange, and collaboration framework.

InfStones is pleased to announce that the staking service on Ontology is now available for all community members. As a trusted enterprise-level infrastructure provider for a large quantity of blockchains, InfStones is thrilled to help connect blockchain technologies to the outside world by providing service and collaborating with partners like Ontology.

How to Stake ONT token with InfStones?

Follow the steps below to get started and earn rewards from staking your ONT tokens.

Step 1: Download and Install the OWallet

Navigate to this link and choose a proper version that suits your operating system:

Ontology Delegation Tutorial

Open up the file you just downloaded and follow the prompts to finish the installation.

Ontology Delegation Tutorial

Ontology Delegation Tutorial

Open up the file you just downloaded and follow the prompts to finish the installation.

Step 2: Create or Import a Wallet

For users who are familiar with this process, you may skip to Step 3 instead. Open the OWallet application and click on “ENTER” to continue.

Ontology Delegation Tutorial

The wallet will ask you to choose a file path to store your encrypted private keys.

Ontology Delegation Tutorial

Choose the table named “Individual Wallet” and move the cursor to the blue area. Create or import a wallet as you like.

Ontology Delegation Tutorial

To create a wallet, click on “Create Wallet” to start, fill in specific information, set a name for the wallet in red square 1, set your password for this wallet in red square 2, and type in the password one more time in red square 3. Click on “Next” to continue.

Ontology Delegation Tutorial

Click on “Next” to finish.

Ontology Delegation Tutorial

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

Ontology Delegation Tutorial

Click on “Keystore (.dat) ” to continue.

Ontology Delegation Tutorial

Fill in specific information.

Ontology Delegation Tutorial

Set a name for the wallet in red square 1. Next, select the file you previously stored the data of your wallet by clicking on “Selected file” in red square 2. Type in the password in red square 3 and then click on “Import” in red square 4 to finish. Once finished your creation or import, your individual wallet will be presented here on this page.

Ontology Delegation Tutorial

Step 3: Delegate your Tokens

Access to the delegation page.

Ontology Delegation Tutorial

Click on the icon of Node Stake on the bar left in red square 1. Click on the arrow inside of “Stake Authorization” in red square 2 to proceed. Scroll down to turn the page, find out where InfStones’ node locates and then click on the arrow at the far right of the title.

Ontology Delegation Tutorial

Choose the proper address.

Ontology Delegation Tutorial

Click on the bar in red square 1 to choose the address of your wallet. Click on “Next” at the bottom of this page to continue. Click on “Submit new stake authorization” to create a new stake.

Ontology Delegation Tutorial

Type in the amount of tokens you prefer to stake and then click on “Submit”.

Ontology Delegation Tutorial

Enter the password of your selected wallet and then click on “OK”.

Ontology Delegation Tutorial

Well done! Click on “OK” to finish the staking.

Ontology Delegation Tutorial

Step 4: Confirm Transaction

Click on the icon circled by the red square on the left side of the homepage.

Ontology Delegation Tutorial

Click on the arrow inside of the red square like the previous step.

Ontology Delegation Tutorial

Click on “My Stake” on the right side of this page to continue.

Ontology Delegation Tutorial

Click on the bar in the first red square to choose the address of your wallet in which you’ve accomplished delegations, then click on “Search” below the address bar to continue.

Ontology Delegation Tutorial

Your previous stakings will be presented below, click on the arrow at the far right of this item to check the specific status.

Ontology Delegation Tutorial

Your total authorized stake will be presented in red square 1, you can confirm your previous delegations by checking the number of this item.

Ontology Delegation Tutorial

Your locked stake will be presented in red square 2, you can check the amount of your locked tokens here.

Ontology Delegation Tutorial

Your available rewards will be presented in red square 3, which shows the rewards you earn.

Ontology Delegation Tutorial

How to Redeem Your Rewards?

To check your rewards or redeem, the specific amount of your rewards will be presented here. Click on “Redeem” when you’d like to claim your rewards.

Ontology Delegation Tutorial

How to Unstake Your Tokens?

To unstake, you can click on “Cancel stake authorization” at any time to withdraw your deposit.

Ontology Delegation Tutorial

Step 1: Enter Unstake Amount

Enter the amount of tokens you prefer to unstake and then click on “OK”.

Ontology Delegation Tutorial

Step 2: Verify Wallet Password

Enter the password of the selected wallet and then click on “OK”.

Ontology Delegation Tutorial

Click on “OK” to complete the unstaking.

Ontology Delegation Tutorial

Step 3: Redeem Tokens

Click on “Redeem” to withdraw all your deposits.

Ontology Delegation Tutorial

Enter the password of the selected wallet and then click on “OK”. Please make sure this wallet you’ve chosen is the one you want to receive the previous deposit.

Ontology Delegation Tutorial

Step 4: Confirm Transaction

Click on “OK” to finish your operation.

Ontology 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.