PLUGCN Staking / Unstaking Tutorial and FAQ
Dear PLUG Chain fans,
We thought that it is self explanatory but we have received so many overwhelming messages regarding the issues related to staking PLUGCN in our validator nodes, hence we decided to address the issue once and for all so that everyone will be clear on the the process of staking and its related questions.
How to stake / unstake PLUGCN in validator nodes?
Step 1: Login to your Cosmo wallet.
Step 2: Click on “Stake”
Step 3: Press on Validator node
Step 4: Choose any of the 31 validator nodes available (for now)
Step 5: Press on Check and press on “Go to Staking”
Step 6: Enter any amount bigger than the minimum sum needed to stake
Step 7: Press on confirm to stake.
Similarly, to unstake click on unstake and wait for the PLUGCN to return back to your wallet.
Watch this video if you need a visual representation on how to unstake:
IMPORTANT THINGS TO NOTE!
- You need at least 0.0002 plugcn to unstake at anytime.
- It takes T+21 days to unstake and your PLUGCN will return back to your COSMO wallet!
- “Sending” status means that it is already unstake and pending for it to return back after 21 days!
- Please do not beg for PLUGCN in order to unstake, read the unstaking rules clearly. If you need more PLUGCN you can buy from any of our listed exchanges — Hotbit / XT.com / LBank / BitMart (upcoming)
We hope that this simple article can answer all your burning concerns, please read our medium carefully and understand before asking repetitive questions!
Plugchain is an open-source layer 0 blockchain with a low gas fee and high performance coupled with fast transaction speed. Primarily built for cross-chain use,it allows intercommunication among public chain intelligent contracts such as Polkadot, BSC and Heco through cross-chain technology. The framework of Plugchain include Application layer, Service Layer, Data layer, Network layer and Bottom layer.
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