CRONOS POS CHAIN
Fees
Fees are set at 5% (minimum for the network as of 22 Feb 23). This will be used to pay for hosting services, insurance, and giveaways.
Max Rate 10% and Max Change Rate 1%. This means that Fees can never go above 10%, and can increase by 1% maximum every 24 hours. These values can never be changed.
Self Delegation
100k CRO is self-delegated. Failing is painful for us too!
Insurance
As of December 2021, 20% of all commissions will be deposited into cro1xvkcmp63z99eam8j9w5f8suny7el6mt4y282hu for insurance, and 20% will be allocated for giveaways.
Restake
X Staking will pay for your auto-compound twice a day, and you can withdraw consent at any time. You don't have to provide your keys, just approve the bot to delegate and claim for you all on the platform.
How to stake?
Defi Wallet App
Ensure you already have CRO in your cro1xxxx address.
Click Earn > Earn More > CRO.
Enter the amount that you would like to delegate (remember to leave some CRO for gas).
Select "[SG] X Staking" from the list and confirm
Select Staking > Delegate Funds and select [SG] X Staking.
Validator address is crocncl14vxzdsxtmat7hvz58trk823adg3pjh4xh6ghm6
Remember to leave some CRO for gas! (0.1 is enough)
Download here.
Ensure you already have CRO in your cro1xxxx address. You can generate one on Defi Wallet app.
Download here.
Extract to your favourite location.
Shift+right-click on File Explorer and open PowerShell window.
Add your wallet with your recovery phrase .\chain-maind.exe keys add Default --recover
If using a ledger, add --ledger behind.
Enter your 12/24 words. (Always keep a backup of these words!)
Ensure the address in Defi Wallet is same as what is shown.
.\chain-maind.exe tx staking delegate crocncl14vxzdsxtmat7hvz58trk823adg3pjh4xh6ghm6 [amount]cro --from Default --chain-id "crypto-org-chain-mainnet-1" --gas 200000 --gas-prices 0.025basecro --node https://rpc.mainnet.crypto.org:443
Replace [amount] with your desired value.
If you get RPC error -32603 - Internal error: timed out waiting for tx to be included in a block error, you can usually ignore it. Check your transaction on the explorer.
You may delete the keys from your computer with .\chain-maind.exe keys delete Default