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How to get ATOLO (RIZON) and stake via Cosmostation wallet

Cosmos Network constantly expands and new promising projects appear. One of such is Rizon blockchain, utilizing Tendermint protocol and powered by Inter Blockchain Communication. Rizon team sets an ambitious goal to develop a digital currency & asset hub that provides a platform where stable coins tied to the world fiat currencies can be securely issued and enables off-chain and on-chain businesses to seamlessly interoperate with each other. 


Everstake, a top-tier validator and early supporter of Cosmos Hub and other Cosmos-based blockchains, joined Rizon from its mainnet launch on September 28, 2021, as a Genesis validator. This guide developed by Everstake will help you to join the Rizon blockchain as an ATOLO holder and/or delegator.

First of all, It is worth mentioning that the native Rizon token ATOLO is an assignee of another existing token - HDAC. All HDAC holders are eligible to swap their tokens to ATOLO, taking part in Event Horizon. Possessing ATOLO allows one to benefit from Rizon functionality and to earn staking rewards, providing security to the Rizon blockchain via validating process.

To participate in Event Horizon you should already have some HDAC tokens stored in the HDAC mobile wallet, otherwise, you can buy them on one of the exchanges listing it.

Once you get HDAC, follow the link https://rizon.world/ and click SWAP.

  • Select your country from the drop-down list and click NEXT if you agree with the disclaimer.

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There are two options subject to whether you have completed KYC or not. Note that SWAP time is limited to Jan 12, 2022. Taking into account that the KYC procedure may take time to go through, it is better to complete it at the earliest opportunity.

We choose the KYC incomplete User option.

1. Complete KYC

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When the disclaimer appears, accept it, click NEXT, and select identity verification type:

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Let’s review the Personal option. After clicking on it you’ll be redirected to the QR code with the link which you should follow with a mobile device.

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After following it, fill in your email and checkmark the Privacy Policy and Terms & Conditions, then click Start KYC.

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  • Select the type of document (Passport/Driver license/Government-issued ID) 
  • Type the verification code sent to your email and tap OK

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  • Choose the country that issued your document
  • After sending a photo of your ID document and proof of residence you’ll receive a confirmation in your email

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  • If all docs are accepted, in a while you’ll get the next confirmation letter:

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Receiving this letter means that you have successfully passed the KYC procedure and can proceed.

2. Create a Rizon Wallet

 

To get ATOLO, first, you need to create a Rizon address for it:

 

  • Follow keygen.rizon.world
  • Click Create wallet
  • Read a warning message about securing your seed phrase and click Next

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  • Write your seed on paper and proceed
  • Add words from the seed phrase to the blanks and click Next
  • Your address is ready! Copy it, save, and tap Done

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3. SWAP process

Now, being completed KYC customer and having some HDAC in HDAC wallet you can finally start to swap it to ATOLO:

  • Follow to the https://swap.rizon.world/
  • Choose KYC completed user
  • Click Start swap
  • Confirm your consent with Terms and Conditions after reading and scrolling down the whole document
  • Type your email address to receive the verification code
  • Type the code and click Next

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  • Enter your Rizon address which you’ve generated earlier and click Next

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  • To identify your HDAC address, please type your HDAC wallet seed phrase 

 

Note: It is a very rare case when you should reveal your seed phrase, often seed requests are generated by scammers aimed to steal your funds. Please read our article about cryptosecurity to keep your crypto assets safe: Cryptosecurity Guide

 

  • Click Confirm and if a seed was correct your HDAC address will be displayed immediately along with the current balance
  • Click Next

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The next window will show your transaction data.

  • Click Swap if you agree 

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Once the window with the Swap Result pops up, click Done.

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That’s it, shortly after the transaction is confirmed, you will get ATOLO and finally can stake them!

4. Staking ATOLO via Cosmostation wallet 

 

Before you start, make sure your Rizon account has been already replenished. Follow the explorer page https://www.mintscan.io/rizon and paste your address to check up if your ATOLO tokens are there.

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If you have ATOLO, you can proceed: 

  • Follow rizon.world
  • Select Staking on the upper board and click Stake ATOLO to be redirected to the Cosmostation wallet

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Before you start you need to connect Cosmostation wallet via Ledger or Keystation 

  • We select connect to Keystation and then click Import Wallet

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Paste your Rizon account seed phrase that you had saved before, generating Rizon address in Section 2 of this guide, and click Next.

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  • Set up a pin-code

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  • Copy encrypted seed as required and paste it below, then click Next

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Finally, tap Connect.

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You are in the wallet now. To start staking, follow Reward Tab.

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  • Find the list of Validators open for the delegation at the bottom of the page

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  • Choose the validator to delegate your ATOLO and tap Delegate

 

Note: we recommend Everstake as a notable staking provider led by a team of professionals in IT and Fintech with successful traction over 3 years in the industry, providing 99.99% of the nodes uptime. A total of more than 460 000 customers around the world have already staked with Everstake circa $6 billion of their crypto assets in 45 various blockchains.

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  • Write in an amount to stake and click Generate & Sign Transaction

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  • Allow transaction in appeared Keystation window

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After entering the pin code to complete delegation, the transaction details will appear, including its amount, fee, hash, and link to the explorer.

  • Click Confirm to come back to the Cosmostation wallet dashboard

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That’s it! ATOLO tokens have been successfully delegated and participate in securing the Rizon blockchain. From now on, rewards accrue for every block proposed by your validator. The current state of staking and rewards appear in the Reward section of your Rizon wallet. Rewards could be claimed anytime from the Reward Tab dashboard of your wallet.

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5. Undelegating ATOLO

 

If you decide to undelegate your tokens, please note that the unbonding period for ATOLO lasts 21 days, which means the unbonded amount will be available only after that period and no staking rewards will be accrued on the unbonded amount for that time.

 

The undelegating process is exactly the same as delegating: 

  • Tap Undelegate on the right hand from your validator in the Reward Tab of your wallet 

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Write in an amount to undelegate and click Generate & Sign Transaction.

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After confirming the transaction via Keystation, your wallet Reward Tab dashboard will display the summary of your unbonding.

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Now you know everything about swapping and staking ATOLO tokens. Everstake wishes you profitable and seamless staking!

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