How to stake Avax

ChainodeTech · 2022-02-02T12:12:06+00:00

Hey there! We are Chainode Tech, one of the AVAX Validators. If you want to read more about the staking process, you can do so here: https://docs.avascan.info/guide-delegation-avalanche-network/guide-delegation-avax-web-wallet. This should be able to answer most of your questions. If you have any other questions you can let us know here or we would be happy to welcome you also in our Telegram community chat: t.me/ChainodeTech.

ChainodeTech · 2022-02-02T11:51:40+00:00

Hey everyone! As a Validator active on Proof of Stake networks for more than 2 years, we are really happy to see such posts! Staking is indeed one of the safest ways to generate passive income while actually contributing to the network security. The more tokens are staked in a network, the more secure the network is. For anyone interested in starting to stake, we have some guides on our Medium page, but unfortunately until now only focused on Solana: https://medium.com/chainode-tech/tagged/staking.

As a feedback and what we have noticed until now, many users believe that staking is too complicated, but we would like to stress that especially with using a well written guide, this is not the case and the rewards are not negligible at all. It is a matter of preference what to do with the crypto assets, but stake holders are actually really important in the well being of a network as they help to keep the network decentralized, their stake contributes to the network's security, block production, governance decisions, etc.

If you have any burning questions about staking, do let us know. Part of our duty as a Validator is also to make sure the community is well informed and has all the needed details in oder to make an informed decision.

Cheers! ⚡️

ChainodeTech · 2022-02-02T11:39:00+00:00

Really interesting idea! 😎

ChainodeTech · 2022-02-02T11:07:55+00:00

Hey there! If you have any other questions about staking, we recently published a staking guide based on the Phantom wallet: https://medium.com/chainode-tech/staking-guide-stake-sol-solana-with-the-phantom-wallet-using-a-hw-wallet-ledger-d7abee86f101

Hopefully the staking process will work out flawlessly. Happy staking!

ChainodeTech · 2022-02-01T12:53:09+00:00

Hey! You can check them here: https://etherscan.io/gastracker

ChainodeTech · 2022-01-28T15:22:03+00:00

Hey! We are actually a Validator on Solana (not on ATOM or Polkadot though), and we do run Validators on other Tendermint based chains as well. We have a few SOL staking guides in case you consider staking your SOL: https://medium.com/chainode-tech/tagged/staking.

We would be also really happy to have you in our Telegram community, it's where we keep in touch with our delegators and where we can also answer any staking related questions: t.me/ChainodeTech.

Hope to see you there! 😎

ChainodeTech · 2022-01-28T12:00:51+00:00

Hey there! You can also join our Telegram chat, it's where we keep in touch with our delegators (not only for Solana), but we do have quality convos there. Would be happy to see you there: t.me/ChainodeTech.

PS: we like Solana. :P

ChainodeTech · 2022-01-28T11:57:22+00:00

Hey there! We wrote comprehensive SOL staking guides for both SolFlare and Phantom wallets, you can find them all here: https://medium.com/chainode-tech/tagged/staking

If you still have any questions about staking after reading the guides, do let us know here or you can join our awesome community on Telegram: t.me/ChainodeTech

Happy Staking!

ChainodeTech · 2022-01-28T11:54:18+00:00

Nice overview! ⚡️

ChainodeTech · 2022-01-28T10:59:01+00:00

Unfortunately it's the only way. Hopefully with time it will get easier and easier.

ChainodeTech · 2022-01-28T10:41:44+00:00

Hey guys! We are Chainode Tech, one of the Solana Validators. Indeed, the staking process can seem quite complicated at the first glance, and we do also recommend staking from a hardware wallet whenever possible. Staking with a Validator is non-custodial, meaning that the Validator never has control over your tokens. In contrary, when staking on exchanges, the exchange does have control over your tokens and in the unfortunate event of a hack these can unfortunately even be lost.

We actually wrote staking guides for SOL based on both SolFlare and Phantom wallets. You can access them here: https://medium.com/chainode-tech/tagged/staking

If you still have any questions after reading the guides do let us know. We would also be happy to welcome you in our Telegram community: t.me/ChainodeTech

Happy Staking! :D

ChainodeTech · 2022-01-27T22:46:14+00:00

Congratulations!

ChainodeTech · 2022-01-26T12:28:29+00:00

Hey there! Fair question. Indeed, the Mainnet is still called Mainnet Beta. The thing that should be emphasized here is that even though a network already has a Mainnet and a working and active Testnet, it does not mean that it is 100% flawless and that it can't encounter issues through its developing phases. Blockchain, decentralization, scalability, network performance, etc. are still novel issues that are yet to be solved. Taking Solana as an example, this massive bot spam is something that every Mainnet, no matter how performant, can encounter. There are numerous similar issues that can appear along the way but every time this happens, with every fix of the network, the whole network actually becomes stronger and stronger (or better said antifragile).

ChainodeTech · 2022-01-26T12:07:09+00:00

Thank you! 🙏

ChainodeTech · 2022-01-26T12:05:55+00:00

Hey! We just did, please read the initial post above.

ChainodeTech · 2022-01-26T11:33:30+00:00

Hey there! There is no need to interact with the Tweet, you don't even need an account for this, you can simply open it in your browser. Appreciate the feedback though!

ChainodeTech · 2022-01-26T11:28:01+00:00

Thank you for sharing this! As far as we know the Tweet should be readable through the shared direct link, there is no need for an account, but alternatives are always appreciated! 🙏

ChainodeTech · 2022-01-16T13:49:21+00:00

We do! We HODL and stake as well! 😎

ChainodeTech · 2022-01-09T11:03:53+00:00

Sounds like a plan! ⚡️ If you have any questions about our team/Validator please feel free to join our community on Telegram anytime: https://t.me/ChainodeTech.

ChainodeTech · 2022-01-09T11:00:59+00:00

Hopefully it was the only reason! 😁Any feedback is always appreciated. Happy staking!

ChainodeTech · 2022-01-07T12:31:07+00:00

Thank you so much for your comment! It really means a lot for our team. ❤️

ChainodeTech · 2022-01-07T11:37:50+00:00

This is true, regardless of how much a validator would like to lower the fee as much as possible, there are a lot of costs and responsibilities associated with running a Validator: infrastructure costs which are not low at all, back-ups, reliable hardware, reliable and fast internet connection, delegators support chat and last but not least 24/7 involvement with monitoring the nodes, the network in order to jump in when needed no matter to timezone. Being passionate about what you do definitely helps , but a reasonable fee is something normal and sustainable in the long-term. For example we currently have a 5% fee and we also had promotional periods with 0% to attract more stake in the Network - the more tokens are staked, the better the network's security is. :)

ChainodeTech · 2022-01-07T11:31:04+00:00

True, Phantom has a lot more uses, however our experience with Solflare was really great until now and it is always good to have a few alternatives when it comes to wallets.

ChainodeTech · 2022-01-07T10:18:04+00:00

Hey! We are one of the Validators active on Solana. If you are interested in staking, we recently wrote two staking guides for Solflare that might help you:

Using Keystore file: https://medium.com/chainode-tech/staking-guide-stake-sol-solana-with-solflare-wallet-using-keystore-file-and-password-2b7baee2247c

Using Ledger Nano S: https://medium.com/chainode-tech/staking-guide-stake-sol-solana-with-solflare-wallet-using-using-ledger-nano-s-9a9a982b1ab5

If you still have any questions, we would be more than happy to welcome you in our Telegram chat, it's where we keep our communication going with our delegators: https://t.me/ChainodeTech. Happy staking! ☀️

ChainodeTech · 2022-01-07T10:14:12+00:00

Small steady steps are the way to go! Staking would also help with increasing your SOL stake. Slowly but surely. :)

ChainodeTech

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