As a part of the Stage 2 BandChain Section zero Mainnet rollout schedule, we’ve got collaborated with our strategic companion, Atomic Pockets, to launch a step-by-step information on tips on how to create a BandChain pockets and start utilizing BAND mainnet tokens to start out sending, staking and claiming rewards.
Atomic Pockets is among the largest cryptocurrency wallets on each cellular and desktop to combine full assist of the BAND token to permit safe storage and staking.
Try the official announcement of our partnership beneath:
⚠️ Band Protocol shouldn’t be accountable or chargeable for the dangers or safety flaws of third occasion pockets companions. Please conduct your due diligence earlier than utilizing purposes and transferring funds.
?♀️ Don’t hesitate to contact us through electronic mail or Telegram if there’s any questions or points associated to staking BAND.
Step 1 — Obtain Atomic Pockets
Atomic Pockets is obtainable on each iOS/Android and desktop. Search “Atomic Pockets” in Apple Retailer or Google Play to obtain and set up the appliance on cellular or head to their web site to obtain the desktop model.
Step 2 —Create a New Pockets
After opening the appliance, you may select to import an present pockets from backup or create a brand new pockets. Clicking on “New Pockets” will provoke the creation of varied cryptocurrency wallets together with a private BAND mainnet token deal with which we’ll be utilizing.
Creating a brand new pockets will immediate the creation of a password used to entry the pockets and a backup mnemonic phrase.
⚠️ NOTE: Mnemonic phrase is a non-public key that’s not encrypted, that means that anybody with entry to the phrase may have full management of the underlying funds. Pretty much as good apply, you need to use bodily means reminiscent of copying on a paper to again up your Mnemonic phrase and NOT preserve a digital copy.
Step 3 — Deposit BAND to Your New BandChain Deal with
In case you don’t have any BAND in your account, you will have to deposit BAND to your deal with earlier than staking or making transactions together with your account.
⚠️ NOTE: Atomic Pockets helps BAND mainnet tokens and BAND ERC20 tokens. Be certain that to examine if the pockets you’re sending your BAND from is a BAND mainnet deal with beginning with “band”.
Seek for ‘BAND’ and click on on Band Protocol. The asset denominated as BAND* is the ERC20 pockets for BAND which isn’t used for staking and thus not a part of this information.
After opening your Band Protocol pockets, click on on ‘Obtain’ the place you’ll be capable of scan the QR Code or paste this deal with to ship BAND from one other private pockets of alternate deal with.
Step 4 — Delegate (Stake) Your BAND to Validators
With BAND in your new BandChain deal with, now you can delegate to validators of your selection to start out incomes block rewards on the Band Protocol ‘Staking’ tab on the left.
Clicking ‘Band Protocol’ you’ll open the staking interface which shows the yearly yield, obtainable stability for staking, staked quantity and rewards.
Press ‘STAKE’ to proceed.