May 24, 2022
cheqd Staking Guide
cheqd team is building a secure network that enables individuals and organizations to fully control their personal data. It allows self-sovereign identity (SSI) companies to build and deliver secure solutions to you. Through the cheqd network, anyone can verify identities quickly and securely.
cheqd helps companies create new and innovative business models, ensuring SSI is a viable and rewarding service to offer to customers.
In this article, we will show you how to stake $CHEQ via the Citadel.one platform.
How to stake CHEQ via Citadel.one?
In the Citadel.one app open the page of the CHEQ address you need. Click “Start Staking”.
If you want to select another node for staking, click “Change”. In the “Amount” field, write down the number of CHEQ tokens you want to delegate and click “Stake”.
Double-check the amount and commission fee. Enter your password in the text box and press the “Confirm” button.
When everything went fine you should see a “Success” screen. Here you can see your wallet address, the chosen node, the amount you staked, go to explorer to track your transaction, and add a comment to it. Press “Ok” and wait a bit, while the transaction is going through.
That’s it! Now you will begin receiving rewards based on how much CHEQ you staked.
To learn more about the cheqd project visit their official website.
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If you have further questions, drop us a message to support@citadel.one. You can also join our chat in telegram, there is an active discussion of all current updates, as well as round-the-clock support from our managers.
About Citadel.one
Citadel.one is a non-custodial Proof-of-Stake platform for the management and storage of crypto assets. Users can create public addresses for all supported networks with one seed phrase, connect their Ledger or Trezor device, or import an address generated by another wallet.
The analytical dashboard provides relevant information on wallets’ balances and networks’ main metrics. In Citadel.one, we standardize the semantics, making interactions with the platform as easy as possible. The same goes for network metrics. By using universal terms, we are making it easier for users to understand and compare networks.
One of the main functions of the Citadel.one platform is participation in the PoS consensus — users can stake and delegate their assets, claim rewards, and follow the latest network proposals in the voting tab.
Citadel.one offers its users instant cryptocurrency exchange services that allow fast and secure crypto assets swap. It is also possible to buy and sell crypto with a credit or debit card. Citadel.one users can track rewards, withdrawals, transfers, and deposits across all supported networks and add comments to these transactions.
Among PoS platforms, Citadel.one supports BAND network ($BAND) Secret Network ($SCRT), Cosmos ($ATOM), ICON ($ICX), IOST ($IOST), KAVA ($KAVA), BSC ($BNB), Juno ($JUNO), Comdex ($CMDX) and Tezos ($XTZ). We also support Ethereum, Bitcoin, and Tether ($USDT) for our users’ convenience. Mobile and desktop versions, new networks, including Polkadot are scheduled for the upcoming updates. Furthermore, delving into the idea of true decentralization, we envision Citadel.one a decentralized autonomous organization and a genuinely community-owned platform in the nearest future.
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