After you have successfully connected your wallet to the dashboard and approved the Validator smart contract as explained here. You can proceed with further steps.
DO NOT SEND YOUR TOKENS DIRECTLY TO SMART CONTRACT ADDRESS
Doing so will lead to losing your assets irreversibly. A two-step procedure must be done to deposit the tokens: approval on NOIA token contract and deposit on Validator or Nominator contract. Use the Syntropy Staking dashboard to perform any staking actions.
Whitelisted validators who continuously run the software, use access keys provided via dashboard and stake the required amount of tokens can earn an expected annual yield of 25%. Validators can stake in the range of 20k to 200k NOIA tokens. There are 500 validator slots allocated, and every position is prioritized by stake size.
- Proceed to the Stake section in the staking dashboard. Type in the amount of NOIA tokens you wish to stake and click on the Stake button. Continue following the MetaMask on-screen instructions and continue with the transaction. You will need to have an appropriate amount of Ether in your wallet to cover transaction fees.
BE MINDFUL OF ETHEREUM NETWORK TRAFFIC AND FEES
Depending on the Ethereum network traffic and spent transaction fees, your transaction may take up to several minutes, if not hours, to confirm. Track your transaction in Etherscan and see current gas fees here.
- After your transaction is complete and verified by our dashboard, an Email verification button at the top right of the dashboard will become available. Verification of your stake can take up to 30 minutes. Follow the on-screen MetaMask instructions to verify your email. This interaction is not a transaction and subsequently will not require any Ether for gas fees.
- After verifying your e-mail address, you will receive your access key by clicking the Get access key button in the dashboard. Follow the on-screen MetaMask instructions. This process is not a transaction and will not require any Ether.
- Copy your access key and store it in a secure location. This is a unique identifier that bridges your validator node to your wallet. Please do not share it with anyone that doesn't need to know!
FURTHER TECHNICAL VALIDATOR STEPS
You can now proceed to the technical stage of becoming a validator. You can find further instructions here: Setting up and running a Syntropy Validator node
All validators must perform KYC to withdraw any amount of accumulated rewards. You can complete KYC later or when you wish to claim your rewards. Navigate to the Claim section of the validator staking dashboard and click on the KYC prompt to validate your wallet. Follow the on-screen MetaMask instructions. These steps will not require any network gas fees.
VALIDATOR STAKING REWARDS
Once you have accumulated enough validator node uptime in four days and continue to stake, you will be eligible to be whitelisted and secure your validator position. If you have secured a place in the top 500, you will start to accumulate rewards which are calculated and displayed as total rewards every 30 minutes. Rewards become claimable every 12 hours.
Once you've validated your wallet, you will find a link leading you to continue your KYC process. It is recommended to do this process on a mobile phone. You will find a QR code after opening the link.
If you have any further issues, don't worry, as we have fantastic community managers and tech-savvy community members who will help you. Solve your problems by joining our Syntropy Telegram group, or Syntropy Discord server.
Updated 9 months ago