ICON released an update to their iOS ICONex wallet today (v 1.7.0), enabling mobile staking using iOS. This is a big step forward to reach new stakers as previous staking was only enabled via the ICONex Chrome Desktop extension. ICON plans to add support for the Android ICONex wallet in the future. If you’re not aware of what Staking is, or how to stake using the Chrome extension, check out ICXStaking.com for more information!
We wanted to try the new wallet out. Just as with the Chrome extension, we were very impressed with how simple it is to stake. We provide a tutorial below.
Step 1: Access Wallet using the latest version of ICONex
Go ahead and open the latest version ICONex. You will see a thumbs up button in the lower right corner. Click it and you’ll see different buttons labeled Stake, Vote, and I-SCORE (shown in Fig. 1).
Step 2: Stake
Next, click “Stake.” Enter the amount you would like to stake (you can alternatively slide the bar to determine an amount). When satisfied, click “submit” (shown in Fig 2.).
Step 3: Vote
Now return to the main screen. You should see the amount you just staked below your balance. If this does not show, then refresh the app, or try restarting the app. Now you must vote to receive rewards, so please vote for your favorite P-Reps to support them! To do so, click the thumbs up button in the lower right, as previously done, but this time select “Vote.” You are taken to a screen showing different P-Reps. Click “+” on P-Reps you would like to vote for. We recommend voting for multiple P-Reps to spread around your votes and encourage decentralization. To keep this tutorial simple, however, we just selected Ubik Capital to vote for, as shown in Fig. 3.
Now click on the “My Votes” tab in the voting screen. In the same manner as you staked, click on the P-Rep candidates you selected and set the amount you would like to vote for each (shown in Fig. 4).
That’s it! If you completed the above steps then you have successfully staked and voted on the ICON Network. Make sure you check on your P-Reps to see what they’re up to and ensuring they’re doing their duties, which include running stable nodes for the smooth operations of the network, Governing the network with proposals, and most importantly contributing to the network with their skillsets.
You will begin receiving rewards in the form of “I-SCORE” after approximately 48 hours. After the first reward, the subsequent rewards will be received approximately every 24 hours thereafter. You can claim these rewards and convert your I-SCORE into ICX by clicking the same thumbs up button, and then clicking I-SCORE.
If you would like to learn more about our P-Rep team, UBIK Capital, please stop by our webpage and feel free to contact us via e-mail: email@example.com or on Telegram channel: ubikcapital. Follow us on Twitter: @ubikcapital
Disclaimer: Not financial advice. Cryptocurrency and blockchain investments are high risk, can incur substantial losses, and are not suitable for everyone. Please consult a professional before considering investment in any cryptocurrency. This article does not encourage or support any specific investments, use of applications or technology, or financial direction. Opinions are my own. This article is for informational purposes only and should be verified and validated externally for 100% accuracy.