The network runs on a native blockchain, with two native tokens, known as Theta (THETA), Theta Fuel (TFUEL), powering the internal economy. Step 2. So I repeated the process. Why is it so cumbersome and complicated and doesn't actually reflect any changes that I do? You can check the current epoch status here. Autostake to maximise your APY . When will my ZIL be available for withdrawal? The Theta blockchain uses a modified Proof-of-Stake (PoS) consensus mechanism like the staking-based Tendermint system. **Moonlet will be leading with a staking commission of 5%! Our IOS app is temporarily unavailable on Apple Store. Yes, there is. There is a maximum number of gZIL that will be issued, namely 682,550. It uses functional programming design principles that enable it to be friendly towards formal verification and static checks. With the launch of Guardian nodes in June 2019, Theta ensured that no single entity controls the majority of THETA tokens being staked at any one time. Where does the interest come from, though? Staking looks pretty straightforward as a processinstead of just keeping your ZIL deposit on your balance, you're choosing to stake it and earn interest. You can always restore your funds with a backup phrase and access the wallet on another OS. Checked later, it still says nothing is in process of unstaking and its even showing the same rewards as before. Please make sure you have your backup phrase saved offline in a safe place. Feel free to join our social media to stay in touch with Atomic Wallet! At first glance, it does look like there are no downsides to staking. The rationale behind issuing gZILs is to capture long-term token holders and give them access to governance tokens that they can later use to make ecosystem-wide decisions. Yes, you can. Liu has a long history in the gaming and video industries, co-founding video advertising firm Tapjoy, mobile social gaming startup Gameview Studios, and THETA.tv, the live streaming platform whose DApp was the first to be built on the Theta protocol. The process of ZIL staking with the Atomic Wallet is very simple. How to stake ZIL in your Atomic Wallet app Desktop Android or iOS Select the Staking tab and click ZIL; Click Stake ZIL; Here, we'll guide you through everything you need to know to stake your ADA and earn rewards. Nodes cache and relay video data. For instance, assuming that 80% of circulating supply will be staked the interest rate would be around 6%. Oversee your collection, manage all your digital assets, and send your NFTs to another wallet with full transparency. While with others, such as VeChain you'll start seeing passive income just 40 seconds after staking. Stake and Earn. Theta Network is powered by three types of nodes: Edge Nodes, Enterprise Validator Nodes, and Guardian Nodes. I've unstake few coins and it's been 15 days and still can't claim to withdrawal. This idea was the brainchild of a group of engineers, Academics, and entrepreneurs at the National University of Singapore. gZIL is short for governance $ZIL. Your ZIL is now staked. Staking commission is charged only on your APR meaning that if you can claim 1000 ZIL staking reward a 5% staking commission would translate to 50 $ZIL. To learn more about how we use the cookies, please see our Privacy&Cookies Policy. Please note that the fees are charged by the blockchain, so it doesn't matter which wallet you're using to stake your ZIL. in this one i demonstrate how to unstake & withdraw (zil) and how long the process take to complete Every cryptocurrency transaction should be verified thats how blockchain works. If your deposit is still showing under Pending withdrawals, it means you should wait a bit more. Crypto newbie? ZIL: Common Questions - Atomic Wallet Knowledge Base Simple yet powerful interface Your crypto, your decisions: Choose any validator and unstake whenever you want. It can go up to 63 ZIL with the current network load. THETA exists only for governance purposes, with 5 TFUEL tokens issued per 1 THETA held at the time of the mainnet launch in 2019. Trying to unstake from atomic wallet I have few coins, no big numbers, just a little here and there and I try to stake them for slow accumulation. You can find 12 words in Settings -> Security -> Private keys & Backup page. Every time you claim your staking rewards, a transaction occurs that transfers the rewards amount to your address. Just tap on "Claim all" and follow the steps. If you choose to stake your assets in Atomic Wallet, you'll be pleased to find out that we are running our own staking pools for certain cryptocurrencies, like Cardano. Download it now on the app stores! This method is suitable for long term "HODLers.". Thats it! 173.236.152.13 It's extremely important not to lose it! Creating a new wallet will give you access to all Moonlet features. Use this dApp at your own risk. The exact number depends on the cryptocurrency itself. Step 3. Long-term investors, who have no problem staking coins for long periods of time will probably not care about this, while more trade-oriented users, who like to capitalize on price swings will certainly find this inability to exchange coins any time they want very inconvenient. Important: Please note that gZIL minting has concluded as of Block 1483713. Your wallet gives you access to ZIL and any other tokens you want to use. The process is random, but the bigger the stake (i.e. The total supply of THETA is capped at 1 billion (1,000,000,000) tokens. Step 3. Atomic Wallet The live Theta Network price today is $0.982719 USD with a 24-hour trading volume of $12,136,830 USD. Stake your Crypto and earn passive income up to 20% yearly. Confirm $ZIL amount and tap on the Stake now button. By delegating your ZIL to a validator of your choice, you're expressing your trust in them, which makes them more powerful on the Zilliqa blockchain. Atomic Wallet connects directly to blockchain nodes to create a transaction. There is no unbonding period for reward withdrawals though. Theta Network is down 4.15% in the last 24 hours. Visit zilliqa.com for additional information. The fee's size depends on the network's current congestion and load. Zilliqa emerged as the first public blockchain platform to use sharding as a scaling solution with success. Below are a few we endorse. Zillion - Zilliqa Staking Application Your rewards will be accumulating on the staking screen. Feel free to join our social media to stay in touch with Atomic Wallet!