Website: everstake.one
Twitter: @Everstake_pool
Telegram: @Everstake_chat
Facebook: fb.me/everstake.one
Reddit: /r/Everstake/
2020-06-10 10:12
In this guide, we will tell you how to choose a validator to participate in the PoS share and get rewarded for staking DOT tokens. Before we start, we would like to inform you that you can't add coins to staking without selecting a validator. We offer you the Everstake validator - 15XQrm3X1UtiBF1qBpwb5y9kMMyfK7PxgWhotAJPqv2r6YCD for DOT token staking.
Nominees are passive participants in the Polkadot PoS ecosystem. They are not involved in maintaining the health and security of the network. They have two main tasks – to choose a responsible validator and put their share of tokens. An example of a validator is the Everstake staking provider. They are active members of the network and distribute rewards among the nominees who got their coins by voting for their chosen validator.
You can do this in two ways: using the Polkadot UI or via the console.
Note. At the moment, you can only nominate a validator, but you will not be able to stake DOT tokens yet. This will be available in the near future, but you can pre-select a validator, such as Everstake, and then stake your coins when the feature is available.
Go to the Polkadot.js control panel and open the Staking section. The Staking section displays all active Polkadot network validators and their detailed statistics. Let's describe the procedure for adding a validator.
1. Go to the Account actions subsection located on the top panel and click the "+ Nominator " button.
Address : 15XQrm3X1UtiBF1qBpwb5y9kMMyfK7PxgWhotAJPqv2r6YCD
Account index : 128WWY
To select the Everstake validator in the search enter the address: 15XQrm3X1UtiBF1qBpwb5y9kMMyfK7PxgWhotAJPqv2r6YCD
You can interact with the Polkadot network using console commands, using the Command-Line Interface (CLI), bypassing graphical user interfaces (GUIs) that are considered more vulnerable. This approach is recommended only for experienced users. In addition, installation is only possible on Linux operating systems with NodeJS with npm installed. To nominate a candidate, follow these steps:
npm install -g @polkadot/api-cli
polkadot-js-api --seed "MNEMONIC_PHRASE" tx.staking.bond CONTROLLER_ADDRESS NUMBER_OF_TOKENS REWARD_DESTINATION --ws WEBSOCKET_ENDPOINT
Legend:
polkadot-js-api --seed "MNEMONIC_PHRASE" tx.staking.nominate '["VALIDATOR_ADDRESS"]' --ws WS_ENDPOINT
VALIDATOR_ADDRESS is your chosen validator address. You can assign multiple validators separated by commas. But you will only really need one reliable validator, for example, Everstake - 15XQrm3X1UtiBF1qBpwb5y9kMMyfK7PxgWhotAJPqv2r6YCD
* * * * *
Website: everstake.one
Twitter: @Everstake_pool
Telegram: @Everstake_chat
Facebook: fb.me/everstake.one
Reddit: /r/Everstake/