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How to Stake in Thorwallet TGT Token for 800% APR

By Charles Gune | cryptoguru | 22 Dec 2021


I will teach you how to Stake TGT tokens using the Thorwallet for 800% APY. It is a Single-sided $TGT staking.  It Starting at 800 % APY. Staking rewards are claimed in $TGT tokens. Staking will be available directly through the ThorWallet iOS mobile app and are counted towards the community tiers (Community & Community Plus) Single-sided staking will also be available on the website as well as the Android app. The Android app is available right now. I will provide the ThorWallet iOS app link below. If you are from US or other block countries, you have to use a VPN when connected to Apple AppStore in order to install this app. My VPN of choice is free Proton VPN. I connected to Netherlands VPN server in order to download this AppStore app. Also the Android Playstore app is availiable on Google Play store. However both are currently not available for US users. If you have no access to Google Play store of your country, you can download the apk file from apkcombo.com by typing the Playstore address. I will provide both links below.

How to Stake Thorwallet TGT tokens on Thorwallet iOS and Android
First install the app from the link provided below. Open the app and follow the step. It will ask for writing down the Seed Phrase. Write it down to a very safe place. Also take a screenshot and save in encrypted Keepass type file just in case your iOS device needs to be reset so you can recover your Thorwallet. Enter the verification subsections of Thorwallet seed phrase during wallet setup. Click complete. Now it will setup a wallet with ETH and TGT token address. Both ETH and TGT token addresses are the same because TGT is a ERC20 token sits on Ethereum blockchain. Send $100 worth of Ethereum to this ETH address. Send your TGT tokens you claimed from Phase 1 IDO from thorstarter.org or Phase 2 MISO IDO on Sushiswap after you claimed it on Miso.Sushiswap.com. After few minutes your tokens will appear on the Thorwallet app. If not close by swapping up and reopen the app. It will show up there after it does a app refresh. Now you are ready for Single sided Staking of TGT tokens on Thorwallet. Select the amount of tokens you want to stake. First you need to use ETH to pay for the approval in gas. I paid like $20 worth of ETH gas. Next you confirm the staking. Here you have to pay $50 worth of ETH gas (of course depend on the time of ETH network congession where it is cheaper in night). After this transaction is approved in few minutes, you will see total amount of tokens you are single sided staking on Thorwallet. Due to ETH gas fee I will not unstake or claim rewards it until I am ready to sell the TGT tokens. It is not worth the ETH gas fee to claim rewards at this moment.

Thorwallet Advantages
Thorwallet currently provides single and double sided staking rewards.  As of writing this BTC can be deposited natively (via Lightning network) with zero fees and staked for 11.84 APY.  Ethereum can be natively staked for 12.84% APY.  BUSD (BEP2) at 21.85% APY.  Above all USDC(ERC20) at 18.18% APY and USDT (ERC20) at 12.31% APY for a stable coins this is fabulous!   However, I do not know the security aspects of this wallet.  Since this app is self custody it is a has it's own advantages in term of security.

Risks of TGT Token Staking
Those of you who got shafted by the IDO dump as soon as opened up in Sushiswap only option for us is to make enough tokens during the staking before we existed out at the higher price or current price to recover over investment. IDO are very risky. You might end up losing money. Using staking at 970% APY until Jan 31 2022 you might able to multiple your tokens. Assuming price keeps steady at current $0.07 you might able to recover your investment with this staking rewards. Also account for ETH gas fees into your investment decisions.

 

Note: I am not a financial adviser.  This is not financial advice.  DYOR!

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Charles Gune
Charles Gune

I love anything about cryptocurrencies. I am avid follower of cryptocurrencies. I follow trends on crypto. I am small scale cryptocurrency miner with my private farm.


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