Citadel.one Feature Overview: A Closer Look into Staking
We continue an overview series in order to bring more awareness to Citadel.one features. Today’s focus is Citadel.one Staking UI/UX — our developers team made their best to smoothen interface and unify staking terminology for all supported networks. So let’s have a quick look!
Staking Interface and terminology
In Citadel.one, we standardize the semantics and network metrics, making interactions with the platform as easy as possible. By using universal terms, we are making it easier for users to understand and compare networks.
The same goes for the platform interface. Continuing the idea of consistent user experience, our staking screens are very similar for each supported network, and there is no need to memorize different layouts for each asset.
One of the main functions of the Citadel.one platform is participation in the PoS consensus — users can stake their assets with multiple nodes and claim rewards.
One of the features that we are especially proud off — automatic iGas and iRAM calculation and purchase. With Citadel.one users don’t need to manually make transactions for buying iGAS and iRAM, it will always be enough!
Another convenient feature was designed for ICON users. Many users we missing their rewards because on ICON Network staking and voting are two separate actions. First a user needs to stake their coins, and then choose a node to vote for to start getting rewards. Many users didn not pay attention to the second step, just staking without voting, thus loosing the rewards. Citadel.one united these two transactions into one.
Citadel.one makes it easy to understand the balance structure of your wallet.
- (Overall) Balance — Available + Staked + Frozen balances
- Available balance — the amount of tokens available to send, stake and exchange
- Staked balance — cumulative staked balance that accrues rewards
- Frozen balance — tokens that were unstaked and are currently “frozen” for the amount of time set by a particular network*
Users can also track the history of received rewards within a set period of time. For more convenience it’s also possible to switch balance currency between native currency, USD and Bitcoin.
*— There are no set standards or rules in the industry about unbonding period and other specifications. All Networks have their own unstaking mechanics:
- IOST — 3 days (tokens can’t be spent, but still can be staked)
- ICON ~ 8 days (can vary from 5 to 20 days depending on total amount of ICX at stake)
- Cosmos — 21 days
- Secret Network — 21 days
- Orbs — 0 days
- Tezos — 0 days (instant unstaking, no frozen period)
More Citadel.one features overviews:
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 Secret Network ($SCRT), Cosmos ($ATOM), ICON ($ICX), IOST, Orbs, and Tezos ($XTZ). We also support Ethereum, Bitcoin, and Tether ($USDT) for our users’ convenience. Mobile and desktop versions, new networks, including Polkadot and Ontology, 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.