How to stake Wanchain?

Staking WAN is a very simple and secure task.

You can be either a Validator or a Delegator.

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.