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IoTeX Delegation Tutorial
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IoTeX Delegation Tutorial
Education
Oct 17 , 2019 · 3 min read
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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.

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.:

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.

2.1 To create a wallet:

a). Click on “Create Wallet” to start.

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

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

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

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

2.2 To import a wallet:

a). Click on “Import wallet” to start.

b). Click on “PRIVATE KEY” to continue.

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

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

2.3 Check your wallet.

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

b). The balance in your wallet will be shown below.

Step 3 Staking

a). Click on “STAKE” to start staking.

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

c). Create Stake.

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.

d). Click on “OK” to approve the transaction

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

Step 4 Confirm

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

b). 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.

Step 5 Restake

a). Click on “STAKE” to deploy more operations.

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

c). Click on “Edit” to continue.

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

e). Choose a duration you prefer to restake.

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.

f). Click on “OK” to approve the restake.

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.

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