Staking KUSAMA ($KSM): How to delegate Kusama on Polkadot.js.org

Apr 4, 2020#anonstake, #kusama

A step by step guide on how to stake Kusama on Polkadot.js.org 

Quick overview of what we undergo in this guide:

  1. step: Learn more on Polkadot Wiki and Polkadot.js.org (5 minutes or forever/never)
  2. step: Create an account on Polkadot.js.org (1 minute)
  3. step: Claim your KSM (3 minutes / skip)
  4. step: Nominate validators (1 minute)

Step 1: Do you know the risks? Need to learn more about Kusama?

➡ 1️⃣To learn more about Kusama, Polkadot and Substrate consensus, the best place is to visit the official website with more information on how to operate with with Polkadot network 🔗 https://wiki.polkadot.network/

➡ 2️⃣Read all about the rewards being a nominator here 🔗https://wiki.polkadot.network/docs/en/learn-staking#slashing

➡ 3️⃣Read all about the risks of being slashed here: 🔗https://wiki.polkadot.network/docs/en/learn-staking#3-staking-rewards-distribution

2: Create an account with one of three wallets 

  1. option: Using PolkadotUI (🔗tutorial link on Wiki Polkadot Network)
  2. option: Using Polka wallet (🔗tutorial link on Wiki Polkadot Network)
  3. option: Using polkadot{.js} extension Chrome/Brave/Firefox extension (Check details below 👇)

  • Install the polkadot{.js} extension from the Chrome store or Firefox store.
  • Create a new account by clicking on "I want to create a new account with a new seed".
  • Copy the seed phrase and store it somewhere safe. Don’t share the seed phrase with anyone, you can use it to access your account if you forget your password or want to import your account again.
  • Enter a name for the account and type a strong password (at least 6 characters).
  • Click on "Add the account with the generated seed". You can copy the account’s address to the clipboard by clicking on its identicon.  🔗(Source: Kusama claims, Polkadot Network Wiki)

3. Claim Kusama tokens via 🔗Kusama claims website

➡️To claim $KSM check guide here: https://wiki.polkadot.network/docs/en/kusama-claims and follow its instructions.

The process overview of claiming your Kusama is visualised in the picture below:

4. Nominate validator → preferably Anonstake! 👍

Check out this GIF ⬆️ or pictures below ⬇️

Your nominations will become effective in the next era, that means roughly 6 hours on Kusama and 24 hours on Polkadot. (Nominator guide, Wiki Polkadot Network)

Congratulations! 🎉You have nominated Anonstake validator and will receive your rewards in the near future! 👏

What is Kusama?

Kusama is an early, unaudited and unrefined release of Polkadot. Kusama will serve as a proving ground, allowing teams and developers to build and deploy a parachain or try out Polkadot’s governance, staking, nomination and validation functionality in a real environment.

Kusama is an early, highly experimental version of Polkadot presenting real economic conditions. The community will own the network — there will be no central kill switch. Kusama will exist as long as its community maintains it and we envision it will cater to new, early functionality and projects preparing to develop and deploy on Polkadot.

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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