Welcome to the Staking and Dividend Systematic Review series.
In this series we will analyse different types of cryptocurrencies and their staking/dividend potentials. All posts in this blog will have a similar setup. Every post will begin with this introduction, so feel free to skip ahead if you have already read this. Second, we will describe the cryptocurrency in a brief overview. This will be done by discussing the essential idea behind the coin and the highs, and lows in the past year and all time. Afterwards an analysis on the dividend distribution will be done which will be followed by several examples. Lastly a conclusion will be given to the cryptocurrency combined with my opinion on whether or not you should hold this coin. From this point forward, all rewards will be addressed as dividends, regardless of their origins.
N.B. This blogpost references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. Always do your own research.
Elrond
In a previous post we already examined Elrond. To recap it is a proof-of-stake blockchain with adaptive sharding in order to increase transactions speed, security and safety. With the new Genesis 2 Launch, the staking reward of Elrond increased to 29% for those who don't run a node. One aspect we didn't cover was how to stake Elrond on the new Genesis since I wanted to wait until release. However, since the details are already available I decided to write this down anyway.
- First buy Elrond from binance for example
- Withdraw Elrond to your own personal ETH wallet
- Install Metamask
- Create a Elrond wallet on https://wallet.elrond.com
- Go to https://genesis.elrond.com/
- Connect via metamask
- Press delegate
- Input the amount of ERD you want to stake and enter your ERD adress (starts with ERD1)
- Confirm your transaction
- And done
In the same window you can choose to stake more ERD or to unstake ERD. See the video below for a visual guide on staking
This post is a bit shorter than usual but I noticed there was some confusion regarding staking. Please note that the mainnet will launch date will be announced on 4th of July. The post will receive an update on the 4th.
N.B. In order to stake you need around 0.005 ETH to confirm the transactions. Send all transactions with max gas.
N.B.B I will update this post of it turns out some steps are changed. PM me if you find an error.
Will I be staking Elrond? I am not 100 sure since I will be gone on 4th of July for a week and I don't plan on bringing my laptop. So if there are spots left for staking then I will stake Elrond. Otherwise it's a darn shame but I'll find something else. As I mentioned in a previous post I already stake FTM and I am planning to stake AWC if I receive my airdrop. I am currently staking NEO in the AWC wallet in order to qualify for the airdrop and I don't recommend staking NEO. I am unable to claim GAS and the reward rate is 33% lower. Nevertheless if I receive my AWC airdrop, I will stake AWC in the wallet. If that works fine then I'll let you know in a new post.
If you like this series please consider tipping and liking. Comment below if you want me to cover a coin of your choice. And also be sure to read my other posts of this series or my personal blog Stories by Marcus
ERD ERC20: 0xb197561d07bc0ac60fd3fac4a89bdd7780c3f444
ERD BEP2: bnb136ns6lfw4zs5hg4n85vdthaad7hq5m4gtkgf23
Memo: 109961073
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List of staking addresses
FTM(opera chain): 0xb3e430c9E5058a0C9Dd26C05a4fD957190aCbd91 (where I stake FTM, currently 1.75 FTM as staking reward)
FTM(BEP2 chain): bnb18wjtrc7qkjte97c6eed369j5rgm6cdnu2s02uv (where I deposit my FTM for staking)
FTM(ERC20 chain): 0x983308feac461B7f124cAA34805d4718aa7888D2 (empty no transactions)
