Wanchain

Wanchain (WAN)

Wanchain seeks to create a new distributed financial infrastructure, connecting different blockchain networks together to exchange value.

  • Reward: 7.64%
  • Adjusted Reward: 5.29%
  • Compound Reward: 7.94%
  • Adjusted Compound Reward: 5.59%
  • Inflation: 2.36%
  • Lock-Up Period: 7 days
  • Total Staked: 26.19%
  • Price: $0.2081
  • Market Cap: $22,112,137
  • Rank: #198

How To Stake WAN

Today, there are two options for earning passive income for holders of the token WAN. The first is to run a Validator Node. The second delegation of tokens to a Validator Node.


Validators — Validators on the Wanchain network secure the network by playing one of two roles (RNP and EL ) in the process of proposing, validating, and finalizing blocks. Validators can take two forms in the Galaxy consensus, either taking delegation or being a non-delegating node. You can set up a delegating node with a minimum of 50k WAN and a non-delegating node with a minimum of 10k WAN.


Delegators — Delegators are anyone who delegates their stake to a delegating node.
The delegation is possible through Wanchain wallets. You need to download the Desktop light Wallet or the mobile wallet, create an account, save your Seed Phrase (=private key) in a safe and secure place, then create a WAN address and send WAN to it. Then, you click on Galaxy PoS>Delegation>New delegation>Select Validator of your choice>My account >Select a FROM address, address from where you want to stake your WAN>Amount of WAN you want to stake>enter your wallet password>Next. 
Now, you wait 3 days and then each time your validator is selected to work during an epoch, you’ll receive rewards from it.
 

You can find additional information at this link:

Wanchain PoS Validator Economics

Tutorials:

How To Stake WAN with Lightwallet and Ledger


How To Stake WAN with Mywanwallet and Trezor