A good approach to consider with your tokens is staking, as it presents an opportunity to increase your token holdings while maintaining your original investment.
In addition, it’s worth noting that the Cosmos ecosystem implements an airdrop process. Whenever a new blockchain project joins the ecosystem, it usually offers an airdrop to all wallets that have staked tokens from another blockchain of the ecosystem.
While staking, your tokens remain in your wallet and under your control, with the option to unstake them at any time. The process of unstaking may differ depending on the blockchain used, and involve a waiting period.
1 – Migration to mainnet
In this article, we will explain how to stake your Aura tokens on the Xstaxy mainnet. However, it’s important to mention that some people still have Aura tokens on the Binance Smart Chain (BSC), which can be migrated to the mainnet by following this article. Since all Aura network activities will now take place on the mainnet, it’s crucial to complete the migration process if you want to use the Aura network NFT application.
2 – Stake with Aviaone 🟢
We assume from here that you have already installed the KEPLR wallet and hold some Aura tokens on mainnet.
Go on the main page of Aura Network in our Website and click on Stake Now as below:
You will be redirected to Restake Website with pre-selected network : Aura Network.
The first thing to do is to connect your wallet KEPLR to this platform as following:
Select KEPLR extension if you are on browser.
When you connect to this platform for the first time, a pop-up will appear asking for your approval to link your wallet to the Aura Network blockchain. Simply click on the Approve button to proceed.
3 – Delegating
Type “Aviaone” in the search bar and press the Button View :
Upon clicking, a pop-up window will appear, displaying various details, such as the validator address, uptime, APY etc….
Press the button Stake to continue…
Press the button Delegate as following:
Then, You will need to specify the amount of tokens you wish to stake. This involves entering the desired amount into the appropriate field, which is typically labeled or displayed within the staking interface.
Press Delegate to confirm.
Note that Memo input can stay empty.
It’s crucial to keep in mind that you should never stake all the tokens in your wallet because you will always require a small portion for executing transactions and paying the gas fees. Therefore, when you are about to delegate your tokens, don’t stake the entire amount and ensure that you keep a small portion aside. In the next example, I keep 0.5 Aura for future gas fees.
A transaction need to be executed to confirm your delegation. Double-check your data and gas fees before proceeding and Press Approve.
Your delegation is now clear and producing rewards!
Congratulations, You’re on your way to do crypto like a pro!
4 – Let’s Check on KEPLR wallet
5 – Let’s Claim Rewards
It’s worth noting that you can claim your staking rewards at any time you choose. However, it’s important to keep in mind that claiming your rewards requires executing a transaction, which will typically involve some transaction fees. To ensure that the fees don’t exceed the value of your claimed rewards, it’s advisable to wait until the accumulated rewards reach a certain amount before claiming them.
To claim your rewards, you can open the KEPLR wallet extension in your browser and select the Aura Network blockchain from the top menu. From there, simply click on the “Claim” button and a pop-up window will appear, prompting you to execute the transaction. Be sure to review all details and fees associated with the transaction before proceeding to ensure a smooth and accurate process.
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