Staking Wanchain – How to delegate Wanchain (WAN) with Anonstake

Oct 29, 2019#anonstake, #wanchain

Tutorial to Wanchain staking and delegation process with WAN wallet

Wanchain staking is officially live from September 3rd 2019. Through its delegation mechanism the Galaxy Consensus protocol enables users holding small amounts of WAN to delegate their rights to Validators, who participate in consensus on their behalf. Anyone who owns WAN tokens can delegate to any Validator through Wanchain’s official wallet.

Step 1: Install wallet & create account

If you have already installed wallet and have your tokens in the wallet skip to Step 3.

To be able to delegate your tokens you will need to store your WAN tokens in a wallet. Wanchain organisation worked hard on creating a very friendly and easy to use wallet. On their official page you can find desktop and mobile wallets. They offer different types of desktop wallets depending on the user needs. All wallets are also compatible with hardware devices Ledger Nano and Trezor.

For any standard user the Desktop Light version wallet is the most appropriate. Download the correct Desktop Light wallet by clicking on your operating system logo.

Once its downloaded install the wallet and open it. The light Wan Wallet is simple and easy to use. Pick a safe password and follow the instructions provided by the wallet.

Step 2: Transfer tokens to your address

Open the WAN wallet and check you address. If you want to use hardware wallet (Ledger Nano or Trezor), this is the time to connect the device to the computer. To be able to use any of the hardware devices, make sure you have the Wanchain Wallet app installed on the device and contract data set to ON.

Open the WAN wallet and check you address. If you want to use hardware wallet (Ledger Nano or Trezor), this is the time to connect the device to the computer. To be able to use any of the hardware devices, make sure you have the Wanchain Wallet app installed on the device and contract data set to ON.

Step 3: Delegate and start earning rewards!

After just a few minutes we are ready to delegate! Make sure you have WAN tokens in the wallet and Ledger Nano device connected (if using one). In the menu on the left click on Delegation under Galaxy PoS. Then click on New Delegation on the right side of the screen. Both are marked on the picture below.

Anonstake is a staking infrastructure provider for Proof-of-Stake blockchains, offering staking services to regular token owners. As as staking infrastructure provider we aim to provide secure, reliable and anonymous service.

In the window that opens you will need to select the Validator and the address you want to delegate from. You also specify how many tokens you want to delegate to this specific Validator.

Select Anonstake from the Validator menu and your address from the address menu below. Insert the amount you wish to delegate and click Next.

 

That is it! You are now staking you WAN tokens with Anonstake! 🎉 If you liked the guide please ❤️ for more people to see and start staking! 

About Wanchain

Wanchain is a public blockchain that supports development of smart contracts using Solidity. Wanchain also offers privacy protection (using ring signature based private transactions) and decentralized cross-chain interoperability solutions. The network is secured by a unique Proof of Stake protocol named Galaxy Consensus. It was designed to replace the previous high-energy PPoW (permissioned proof-of-work) consensus mechanism and to open up Wanchain’s consensus mechanism to the wider community as a key step towards complete decentralization.

Anonstake.com provides public delegation services to retail token holders. Our professional team is passionate about blockchain, new IT technologies and has a mix of youth and experienced team members. We have been contributing to the blockchain industry since 2016 and have the know-how and the hardware capabilities to ensure and design highly available network infrastructure.

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