Nitro Staking Portal- A Step-By-Step Guide To New Upgrades
Our staking portal with the new upgrades is now live! Here is a step-by-step guide you can follow to make the most of the Nitro Staking Program.
Step 1:
Go to the Nitro Staking Portal: https://staking.nitro.network/
Step 2:
Connect to your MetaMask wallet to check the following to claim rewards:
o Your wallet balances
o Your NCash balance that has been staked
Important: You have to connect to the same MetaMask wallet which you have used when you staked earlier.
Step 3:
Once you receive your authentication to the MetaMask wallet, you can see the balance, as this is the wallet which was used when you have staked earlier.
At this point you have 3 options:
a) You can stake more NCash
b) Claim your rewards which will be transferred to your wallet
c) Unstake
(A) Staking
Step 1:
Let us give you an example. Suppose your balance is 698657 NCash tokens and 100000 NCash is already staked, you can stake more NCash tokens (the example shown here is 150000 Ncash tokens).
On confirmation, you will see a pop-up on the Ethereum Mainnet.
Step 2:
The pop-up will indicate the transaction in progress (status of your transaction).
Step 3:
Once tokens have been staked, the pop- up window will confirm the same. Click OK.
(B) Claiming Rewards
Let us take you through the Claim feature now. With this feature you can claim rewards from the earlier staking program (The NCash that you have staked earlier).
Step 1:
Let us take an example as shown here.
Current Balance: 548657 NCash tokens
Reward: 37500 NCash tokens
Step 2:
You will see the number of claimable rewards and the details on the pop-up window. Click “Confirm”.
Step 3:
On confirming the pop-up will show that your transaction is in progress.
Step 4:
You will then see a pop up saying “Confirmed” which means the transaction has been successful. You can now claim your rewards.
Step 5:
You will now be able to see the Tokens in the wallet with the updated balance with status “Claimed”, as you have claimed your rewards.
(C) Unstaking
Step 1:
To unstake, go to the unstake section of the portal. When you unstake, your tokens will be transferred to your wallet.
Step 2:
1) You will see a pop-up on the Ethereum Mainnet
2) Check the details and click “Confirm”
3) You will then see a pop-up showing your transaction is in progress
Step 3:
Once your tokens have been successfully unstaked, a pop-up window will confirm the same. Click OK
Step 4:
A pop-up window will show you details of all balances that have been updated.
At Nitro Network we aim to create the best ecosystem for the community to participate, earn and grow. We will constantly be updating you about our Staking program, so stay tuned. For other regular updates do follow us on our social media channels, share, like and retweet our posts and check out our articles on medium.
Happy staking!
About Nitro Network
Nitro Network is building a world of private communication networks powered by IoT together with LoRaWAN/3G/4G and 5G. This hyperconnected world is the IoT alternative to cellular networks unlocking a $3 trillion market opportunity. We believe our decentralised private telecom networks is a gamechanger built on a blockchain with our proprietary token NCash at the core that drives utility and value from unlimited use cases. We are creating an inclusive ecosystem incentivizing users to own, operate and earn from the private networks of the future.
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Disclaimer: This is not investment advice. Please do your own research before investing in any avenue. The information contained in this post is for informational purposes only. You should take independent advice from a professional or independently research and verify any information that you find in this post and wish to rely on, for the purpose of making any decision. Through this post, you may be able to link to other websites which are not under the control of Nitro Network. We have no control over the nature, content, and activity on those sites. The inclusion of any links does not imply a recommendation or endorsement of the other website, its products, or views.
